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Up and under price pattern

Short this morning into that bullish momentum off the DP. Got squeezed but price ranging tightly for the moment around trade entry. image

London Open Strategy

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London Open Strategy

A new article about this pattern posted over @ NBT . url

Up and under price pattern

Holiday in UK today so I've decided not to trade which is a bit frustrating. Big gap down of course to fill or not, DS1 a possible launch pad higher from a DB, but there is still plenty of room down to 3100 major swing level before the bulls really ...

London Open Strategy

Hi guys, I would have been selling EU this week. These breakouts come back hard looking for stops but they are continuation moves. There is not enough strong momentum to think of buying here in my opinion, don't just rely on the ema without a ...

London Open Strategy

Hi xau nice entry, I would have gone long there.Hope you made 1R. No reason to get stopped on this trade, another fake out pullback into the range come out the other side.

London Open Strategy

Hey guys, I'm away next week and not trading but please feel free to post any trades, thoughts or ideas. Good trading to all.

London Open Strategy

No, that was not a strong move to fade in my opinion. Hasn't broken any highs. If I was looking to fade short I'd want that momentum rushing into the Daily pivot today, then targeting the Daily open. I took a trade later on in the day short off the ...

London Open Strategy

That might be a FF first. Sorry Ken that made me laugh, juvenile joke I've tried to explain in the chart. When we are deciding which way to go it is not enough to just go the opposite direction to the EMA, we have to take into ...

London Open Strategy

This is the way I saw things today. Pretty much the reverse of yesterday, a false break lower of the overnight range only this time we have a chance to get onboard. I wanted to buy into the reverse that had already occurred. Staying onboard is ...

London Open Strategy

As I keep saying Go5 we're not just blindly fading the EMA. There is no guarantee that price will perform how we want it to, and then there's trade management, Pat took the same entry as you and is up +5pips. Why did you move your SL?

London Open Strategy

errr error SL 3354, I'm toast. -10pip

London Open Strategy

Morning Bob, I'm currently bogged down long EU 1.3364 SL 3346 TP 3374..... Waited this time to see if the EMA would hold for continuation move......

London Open Strategy

Here's todays charts. A trading loss today for me, went for the continuation but got a reverse. Managed to reduce the damage to the original risk by half. image image

London Open Strategy

Nothing leading up to the open was telling me not to trade though ST. There was some good momentum from Franky, break above Daily open, above DP, with trend, a pullback to S/R and I'm in long. That is the strategy. There are losses with every ...

London Open Strategy

Morning, got suckered into this fake breakout this morning, went long @3368, SL @3358, TP @3378. Managed to get out @3362 which halved the loss, -5.5pips. Wanted to reverse but it never came back. Hope you guys did better.

London Open Strategy

Hang on forgot..... 9- new ADR indicator thanks to Davit. Really nice and discreet and shows % moved so far, perfect job. It's here: ADR v2 url

London Open Strategy

Here's todays charts with some notes. image 1- Price not bullish at the open. 2- The low of yesterday broken. 3- S1 breaking and forming the Asian swing low. 4- European open breaks lower out of the range. 5- S2 doing it's job and supporting. 6- ...

London Open Strategy

Interesting article about SL & TP optimization over at NBT. url

London Open Strategy