GBPJPY broke out strongly. No retrace so far and no entry for me yet. image

Trading on the Right Side of the Market (Hopefully)

This was the entry I wanted but I missed as Iwas doing some jobs in the house. I will wait now for another chance. image

Trading on the Right Side of the Market (Hopefully)

OK so it was helped on it's way by negative CAD news. Hopefully the next H4 candle will give us a retrace for a chance to get in long. If we manage to make a new HH then I will watch for a retrace from that point to a Fib level to go long again. ...

Trading on the Right Side of the Market (Hopefully)

Gold H4 Breakout? image

Trading on the Right Side of the Market (Hopefully)

GBPJPY H4 Watching for a break of the pink TL to short. image

Trading on the Right Side of the Market (Hopefully)

Golden Nugget #2 Trading High Volatility News Events Trading certain news events is one sure way to blow your account if you don't know what you're doing. It is definately not for the faint hearted. One way to improve your chances is to hedge your ...

Trading on the Right Side of the Market (Hopefully)

Silver is dropping well. Looks like a triangle breakout so we could see a nice drop if itcan close outside of it. image

Trading on the Right Side of the Market (Hopefully)

Still in EURGBP short. It looks like it wants to go down. EDIT: Stopped out -15 pips. image image

Trading on the Right Side of the Market (Hopefully)

EURJPY H4 image

Trading on the Right Side of the Market (Hopefully)

Current Gold H4 image

Trading on the Right Side of the Market (Hopefully)

Consolidation Breakouts The River becomes turbulent, twisting and turning, when the market is ranging. When this happens it is best to wait - an opportunity is coming. image

Trading on the Right Side of the Market (Hopefully)

USDCAD H4 Possible counter trend trade here. If price breaks and closes above the yellow TL I will watch for a retrace to it and a rejection to go long. image

Trading on the Right Side of the Market (Hopefully)

Here is a Demo trade I took yesterday on Silver H4. image

Trading on the Right Side of the Market (Hopefully)

Well it seems that Dax finally decided to drop. The horizontal resistance line that I drew in yesterday proved to be important. I didn't get an entry. image Edit: Actually I did take a trade on this yesterday - unfortunately it was on my Demo ...

Trading on the Right Side of the Market (Hopefully)

Trading on strong trending days. The Dax can be a bit of animal - I have probably lost more money trading Dax than any other instrument. When it goes pop it just doesn't stop! Here is an H1 and a M5 view of Dax on 9th of this month. It was like a ...

Trading on the Right Side of the Market (Hopefully)

Well UJ broke out of the M5 channel and came very close to my SL, but has now dropped back inside the channel. Im hoping it hits my TP. Edit: SL hit. Trade closed + 40 pips. image

Trading on the Right Side of the Market (Hopefully)

Entered short based on my earlier analysis on the H1 TF and what I am seeing on M5. M5 chart shows just broke below the lower TL of a rising wedge. SL above 61.8% Fib. Got the feeling I might be a bit early but we will see. Edit: SL moved to above ...

Trading on the Right Side of the Market (Hopefully)

Lower TF Stochastics are all over sold now, including H1. I want to be sure of taking some profit so I have moved my SL so it will be hit if price breaks out of the current M5 down channel. I have also placed a TP at the recent lows. image

Trading on the Right Side of the Market (Hopefully)

EURGBP H1 Keeping an eye on this for a short entry if price breaks below the pink TL. The blue TLs and the 50% Fib add confluence in the area that I would like to short from. I will adjust the pink TL as it develops. I will also consider shorting ...

Trading on the Right Side of the Market (Hopefully)

Took an entry on this one a bit higher than I initially intended as it moved up on US news. It has now broken and closed below the TL and my SL is at break even + a couple of pips. image

Trading on the Right Side of the Market (Hopefully)