spotted this setup last night has the added bonus of TL and fib confluence (if it hits that area at the shaded box that would be a great setup for a short IMO.

Trading with Deadly Accuracy

Apart from the initial trend this morning (the day I start two hours late I miss the trend as it started at my normal time off 8am lol) for which I caught the final leg up and duly got stopped out (there were 5 peaks before that) - perhaps should ...

My 5 Min Trading Learning Process & Thoughts

Nasir - what was the reason for your first buy order on GBP / JPY?

Peaks and Valleys (Trading Naked)

Thanks , just put it on my chart and it looks good, tally's in with all my peaks and valleys thus far today. Have no idea what a fractal is but it works so I'm happy with it. Cheers

My 5 Min Trading Learning Process & Thoughts

I had the div and the round number but no PA

Jankone M5 thread

Nicely put...a good point well made

james16 Chart Thread

I went short couple of pips below break of PB - low of PB was 1.0396 - I'm actually @ BE now as it has hit my first problem target area.

james16 Chart Thread

nice

Jankone M5 thread

Yep, Jing

Jankone M5 thread

Actually its 23 trades! I have mutliple GU and EU shorts - 11 EU shorts starting @ 1.5030 so just doing some short covering. There are also some decent daily and weekly trade setups from last night which I had to watch to get filled, including: I4B ...

My 5 Min Trading Learning Process & Thoughts

pin bar off TL break i.e. breakout and pullback...could lead to an early setup for a consolidation breakout too...that would be nice

james16 Chart Thread

Been a late start today - decided to start later in the day as there are lots of thingsd I need to do in the morning before I can sit and concentrate solely on focussing on the 5min EU timeframe. I've got 19 other trades on the go on longer time ...

My 5 Min Trading Learning Process & Thoughts

Been reading this thread - very nice Nasir - it's a very effective way of playing a strong trend with good %R...notice the inverted H&S on the EJ 125.00 being the neckline...

Peaks and Valleys (Trading Naked)

Right, well I've marked up my EU chart with round numbers (anything ending in 50 or 00), RSI for divergence and plotted the higher time frame PPZ's that I have on my higher frame chart - also plotted 50 and 61 fibs from last obvious retracement. I'd ...

My 5 Min Trading Learning Process & Thoughts

That happened to me too...had to re-download MT4 again. My guess would be that as they are futures it ran past its expiry date - my oil chart on FxPro is CLKO - May expiry

james16 Chart Thread

ThoughnI'd follow up with a continuation BUOB that I think looks more like ones I'd want to trade...look how closed near its high and well above the previous PPZ which was also a BRN...

james16 Chart Thread

AUD / CAD - I4B in a triangle consoitation area - could give us a head start on the likely breakout

james16 Chart Thread

Indeed I did. I actually took a trade long on teh break up to near 91.00 and then reversed for a short. I've attached the weekly, daily and 4 H chart. As you there is BUOB on the weekly - I wish this was a BEOB as that would be a good short ...

james16 Chart Thread

Thanks, yes it does, it is much easier to keep an eye on the spread on Oanda and plus the spread is typicaly 0.9 for EU - much smaller than my MT4. Thanks, I follow the news each day anyway and always write down at the beginning of each day the 'red ...

My 5 Min Trading Learning Process & Thoughts

I don't use an indicator, I plot them manually as I go through the day. I use the 'trendline' button but if you right click on line then untick 'ray' in properties from there on whenever you draw the line it doesnt go across your whole chart just as ...

My 5 Min Trading Learning Process & Thoughts