Part of defining the boundaries and zones to track, stalk and trap the market is using dynamic S/R lines such as trendlines and moving averages. I use two EMAs, 10 & 20 for this purpose. Anything longer will be too slow for reversion to the mean and ...

Trap the Market

Of all the seven pairs I watch the most feasible to trade atm for quality R:R is NU; disposed to a southward direction after a pullback on the 4-Hr TF. KP

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Prepared EURJPY and USDCAD 4H charts are attached. KP image image

Trap the Market

Just a clarification on the colours: the Sandy brown indicates weekly S/R zone; the Khaki indicates daily S/R zones.Furthermore, usually, I identify two S/R zones, one above current pa and one below it; i.e. making a total of four S/R zones - two ...

Trap the Market

Defining significant boundaries or zones and conditions within which to stalk the market involves using key turning points on the daily and weekly time frames. Therefore, it is important to learn how to identify such turning points. Personally I ...

Trap the Market

You need at least two TFs, a higher TF for trade direction and a lower for trade set-up/entry. KP

NZD/USD

Pleasure, bud. GP to you

NZD/USD

A point to note for clarification: My opinion on EJ, GJ and UC is from the point of view of a short-term swing trader; possible to get a few pips north or south from any of them on Monday but nothing by way of conviction for much profit on them. The ...

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Time to prepare my charts for the week. Here's what I'm seeing atm regarding the seven pairs I watch: AU, EU, GU, and NU have a southward disposition, while uncertainty in direction is reflected in EJ, GJ and UC. I'll wait till Monday for clarity ...

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It depends on your trade set-up TF; if on 4-hour and you are looking for small profits go bullish when the 1-hour or lower TF candle turns bullish. Otherwise step aside. KP

NZD/USD

Tell us why, Alen. It is more likely to go further southward with the poor CNY data today. KP

AUD/USD

Good chart, good analysis. Lol

TRD

Think of taking profit before 1.43 as there are rough tackles below. Check your 4-hour chart, for example. KP

Cable Update (GBPUSD)

KW is that why you name yourself KW?

EURUSD

AU breaking through a weekly S/R atm. Room for further southward push imho.

AUD/USD

Nuggets: ‘Insanity is doing the same thing over and over again but expecting a different result.’ – Albert Einstein

What Would You Do Differently Today for Better Trading Results?

No hurts, nothing to feel sorry about. You made very valid and helpful points for all who really want to learn and improve as traders. Please, keep it up and keep it coming. We need to learn to improve. Green pips! KP

What Would You Do Differently Today for Better Trading Results?

Cvds, I love your candor and on focusing on what really matters. Thank you.

What Would You Do Differently Today for Better Trading Results?

Got it! Really I saw the point you made about trading rules and I love those rules. Very good that you are now trading by your rules and getting the results you want. We all need to.

What Would You Do Differently Today for Better Trading Results?