This is the time of day I hate the most. if the current candle exceeds the last candle's high I am cancelling my sell stop again. It just seems like price wants to keep testing that 1.30 level. Or could this be a Bull trap?

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Mr Pip - in my experience when a Hanging man occurs at the end of a long up trend, the following candle is normally bearish (in this case the hanging man closed as bearish divergent so it's moot). But generally signals an end to the trend. I would ...

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Ok now I am happy with it. Sell stop set at 1.29798 RSI dropping off 70. Looking only for 5 pips!

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The hanging man, sellers pushed prices down during this session before bulls recovered, driving price higher. A flag has been thrown, which indicates a near supply/demand balance at the end of the period and a possible reversal. Further price ...

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Does anyone know what a "Hanging Man is?"

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Did anyone pick up on the fact that my proposed sell stop was missed by 1.4 pips? The formula for entry has saved my ass so many times, as had it triggered, I would be looking at a pretty substantial loss right now, as it just tipped what would have ...

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Now this is what I am talking about. Good feedback, I appreciate it! Thank you

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You are right about that. However I am seeing an aweful lot of "Vouched" members, some of them at 8 to 10 vouches. Kind of feeling a bit squirmy being the only one talking - that's all. Was anticipating some feedback at this point. I'll keep going

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Cancelled it the same reason I would still be riding this wave up. The last candle closed pretty bullish and the RSI is still sitting at 70. It may want to push through 1.30 - still regretting getting stopped out at +5 pips as this move is now at ...

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Three sisters? Cancelled sell stop

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While I appreciate a consistant 90 plus viewers to the thread, I have to admit I am growing more and more tired of talking to myself. Folks I am sorry but not sure how much longer I'll keep this post alive. I am no expert and would LOVE some company

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Third consecutive hour over 70 on RSI. Last candle closed inverted bearish (albight quite small). I'm settling in for a drop, sell stop at 1.29774 Quite a bit of news coming in the next hour and half

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Still a pretty sterling looking ABCD to me. 1.30 is key

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10 more pips to a triple top on the daily. Which corresponds to every lower TF and the 1.3000 psycho level

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Well good to see the EU continuing to go up, bummed it took out my stop before doing so. RSI is now at 70. On the RSI I have received questions concerning exactly how to use it. Basically I use it to determine over bought over sold (obviously). The ...

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Thank you Handy - but not really needed

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Donatello thank you. You start somewhere right? This method is so hard to teach in a practical classroom type setting. There truly is so much more, which I will share as the trade opportunites present themselves. if ever you feel overwhelmed, take a ...

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yes COMPLETELY outside the mouth

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Use the default. but also notice that the ZUP indicator provides the fibo in it's drawings

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For your reference

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