NZD/USD set up nicely on the long side in the early hours of this morning!

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It was the last high pre-breakout of the range. Price often finds its way back here.

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I would have to disagree with you here as years of observation has taught me that it does. But, like anything it depends what you are trying to achieve. I talked to a trader yesterday who asked me what I thought of the EUR/USD H1 SFP (through ...

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But what you are doing is not really what I mean. It sounds like what you are doing is taking enough off at the FTA that it means you won't be DOWN on the trade if it comes back to your original stop point where you are WRONG on the trade idea. This ...

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This is the H1 chart. The blue zone is the logical place to sell blind (marked with the tick). The stop goes above the thrust candle that broke this level (marked with the red dashed line). Why the blue zone? - It is previous support lows (marked ...

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The daily timeframe exhibited the classic "day bias" ; the infamous "pin bar". We expect the market to move lower . The FTA is the purple dashed line at 6479 (enhanced by the D1 and W1 bearish action) Now many traders are taught to place sell stops ...

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Let's keep this simple. The weekly FTSE broke prior weekly highs (marked with the red line) and formed a cross bar (SFP and Pin). This is the first big clue that all is not well.

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I wanted to do a breakdown of a setup. As some of you will know, I have been particularly vehement in saying on Twitter I am bearish equities. They have made a topping pattern very similar to a pattern that has called the start of several bear ...

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Forums are excellent places to share techniques and to talk about the business of trading. But you have to be careful that you don't end up strategy hopping. We all know the dreaded pitfalls of "system hopping" (where a trader tries one system and ...

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When was the last time you went through all your trades with a fine tooth comb and asked yourself; What links the winners? What links the losers? Based on my last trades how could I have done things better? Taking the example of the Kiwi in the last ...

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The NZD/USD H1 SFP from yesterday was a good setup. Here is how I saw it. The previous swing low is circled and the SFP (which is also a pin bar/hammer) is marked with a green arrow. The FTA to me is the blue boxed zone and I would usually offer at ...

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Dave, Your thinking is wrong: "Since the entry H1 Bar closed relatively far above the swingpoint, i thought it was a good idea to try to run the trade till the HOD to gain a good R of 1.4." By saying that you NEED the market to do something to ...

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Dave - you sound like you are looking for setups. Try not to look for a setup. The professional traders I know would never scan a bunch of charts and say "right, I'm looking for X pattern to trade" Try just looking at one chart with certain frames ...

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Swing is still not deep enough for me.

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I don't like it at all. 1) The swing that it fails is a minor swing not a major one. 2) This is not the first time back to that swing area on the H1 charts. 3) Yesterday was a false break of an inside day with a close back within the range. When ...

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Hey guys, It should be up by end of play today although the link probably won't be in your inboxes until first thing tomorrow morning UK Time. Rendering the recordings slows my PC down to a standstill so I can't do it during the trading day. It's ...

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Yes, I was watching that for a short off 1.3158 support lows. Beautiful trade although was only looking for it to make a quick move back to 1.3122 (as tweeted). Didn't see it going much further.

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Hopefully you guys all got the USD/JPY gap up/SFP spectacular?

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Another cross rate as I know so many of you look at them. First chart shows the D1 bias from the S/R pivot. Second chart (H1) shows the entry on the pullback, with space, into prior H1 resistance. The market has already traded into the H1 FTA on ...

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Yes, I took the GBP/USD H1 SFP. Managed to get just 17 pips out of it!

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