Although the EURUSD may appear to be bearing northwards atm, the momentum is weak. A better appreciation of the market is that it is in a range currently but the major direction is more towards the south. Trade safe.

Trap the Market

Northward momentum is weak; ranging market atm but major direction more towards the south. Trade safe.

EURUSD

....patiently wait for the best opportunity to strike.

Trap the Market

Tip: If you would effectively trap the market, patience is king. You would need to first analyse and understand the market, define your trading boundaries and conditions, plan your trade and decide the right strategies based on the market - then ...

Trap the Market

That level is in confluence with the immediate 4H support zone.

Cable Update (GBPUSD)

That level is in confluence with the immediate 4H support zone.

Trap the Market

If price retraces to the daily pivot (DP) and bounces off it, I will be looking for a trade to the upside. KP

Cable Update (GBPUSD)

Now tracking GBPUSD, GBPNZD and GBPCAD. If price retraces to the daily pivot (DP) and bounces off it, it will be a good time to consider entering trade to the north. Trade safe.

Trap the Market

To trap the market, track the market with proper analysis first. Then wait for your setup to materialize. Never chase the market, never chase price. Trade safe.

Trap the Market

Good for you. You need the ideas on the forum to check what you are thinking but trading your chart and what you are comfortable with is key. Bottom line? Consistent profitability, lol. KP

Cable Update (GBPUSD)

Got it

EURUSD

They may but it's a ranging market, mate. Trade safe. KP

EURUSD

Doing a weekly market analysis has helped my trading become better. My analysis includes a scan of the pairs on my watch list to see which would qualify for potential profitable trading during the week. This leads to choosing about 3-4 among the 8-9 ...

What Would You Do Differently Today for Better Trading Results?

When price got to my level, I took the trade. The price moved to over 100 pips thereafter but when it was struggling around the immediate 4-H resistance zone, I exited with 100 pips profit. After taking about 4-hour break to do other things and came ...

Trap the Market

Here's an update on my plan to long GBPUSD upon price rejection of the Weekly Pivot (WP). In the 4-H chart attached, price rejected the trendline and moved upwards in rejection of the WP. That was what I was looking for before considering a trade to ...

Trap the Market

Price rejected your trend line and moved up. If you have not taken a northward trade by this time, wait for a retest of the trendline or a pull back to a support zone on your set-up time frame, don't try to chase the price. Trade safe. KP

EURUSD

Thanks mate for the COT info.

AUD/USD

Nope. Short entry when bullish momentum wanes and a reversal (bearish) rejection signal shows up. Trade safe. KP

AUD/USD

Mrs. May is pro-Bremain but committed to seeing the result of the referendum implemented. Nevertheless, the quick selection of a new PM is positive for the sterling pound; I expect EURGBP to bear southwards with greater momentum.

EUR/GBP - What a great pair to trade!