GBPUSD — The more i look, the more i like this chart.... It looks like a Gartney Pattern to me. Got a 79% retracement from the 1st up move (8336 to 8674) Got a 50% retracement from the 2nd down move (8674 to 8388) Got a 3rd down move below ...

My own way

Sorry buddy .... looks like i made u miss a good trade worth at least 30+ pips. But u could try the long again when it retraces abt 38% to 1.0042 or 1.0025 (62%) and holds. Cheers.

My own way

Maybe a good entry for this AUD/USD would be to wait for it to hit 1.0041, retrace back and hold above .9982 then go Long. when it re-touches 1.0041. It is almost bullish until it hit first resistance at 1.0070, but more likely to pause at 1.0085 ...

My own way

Based on price action and the buildup, i don't think it would hold. It would definitely hit 8527 with little or no retracement from now. This is esp. convincing from the candle that was totally rejected from 8421 to 8453 (bullish indication) Anyway. ...

My own way

As i talk abt it via writing, it seems you are counter trading yourself. When EUR goes up, AUD goes up and vice versa. But u are shorting EUR to GDP and going long on AUD/USD. Meaning u are taking opp. sides for both trades which are correlated in ...

My own way

EUR/GBP Just pull out the chart to take a better look. Long term in weeks, it looks like a flag after a strong upmove. From daily, it is forming higher lows at 8070, 8138, 8282. The latest is 8352. If this low holds, it will test upside for 8622. A ...

My own way

EUR/GBP I dun trade this pair .... but EUR on USD is getting stronger on speculation of interest rate hike. unless something different come out from the speech by Trichet later ..... Technically the lows are getting higher, and is likely to test the ...

My own way

AUD/USD Fundamentally sound trade So far the lows are higher, but it looks top side heavy. Test 1.0161 like 4 times already. Be careful of a stronger retracement to test support on the downside before further upside moves. I think a good exit ...

My own way

Let's summarize the past trading sessions on the positions, excluding the pip profits from those spot trades ..... 22/2: 21pip+49pip = 70pip 23/3: 0.9pip+4.8pip+15+18pip = 38pip Decent so far for 2 days .....

Price Action Trading - EUR/USD

Not being able to long my previous position to price target (worth 50pips).... i did the next best thing. I short it down from 3765 & 3780 to catch 15 and 18 pip respectively ..... That is a consolation prize though

Price Action Trading - EUR/USD

On hindsight, it seems my trade was still right. My price target of 3768 was hit right after the sharp retracement .... What a waste .... But it is better than being caught in the red and bitting fingernails

Price Action Trading - EUR/USD

Took some short trades along the way .... and the position is the one with the longest line But in summary, the position was almost successful, but failed to hit target. Nope, i didn't set trailing stop .... as i was monitoring my position, and ...

Price Action Trading - EUR/USD

Closed Trade ----- 4.8pip @ 3724. The move downside was too strong. Indicates that price is not ready to break upside yet of 3750. Lucky that i did. 3 lower lows at 3721, 3719 then much lower after i dump that position .... another failed position. ...

Price Action Trading - EUR/USD

Buildup is looking good. Shift down the entry to 1.3718 No change to TP and SL

Price Action Trading - EUR/USD

Turning Bull now A trend has been formed with 2 confirmed lower highs in the hourly chart. From the 10min chart, 3 higher lows are holding. Next move would be a break-UP. Target would be 3850. But i am putting TP at 3768, where this would be the ...

Price Action Trading - EUR/USD

On hindsight, it was lucky that i can it quits .... the price shot up to 3726 !!! Almost 36 pips against !!! Phew .... was that six sense or what ???

Price Action Trading - EUR/USD

Damn horrible!!! *Sorrie for cursing* Ok, i lied. My SL was at 1.3700. The bulls were putting up a good fight here. For a moment, it almost seemed they have won. As own of my friends would put it ..... we would be biting fingernails at that ...

Price Action Trading - EUR/USD

What is the arrows on top of each line? Indicator? Sorrie, i have stopped using indicators for more than 1 year .... sounds like a frog from the bottom of the well ... Your bottom trendline seems more aligned to the arrows than to ...

Price Action Trading - EUR/USD

Darn ... i m wrong .... got stop out at 3699, 8 pips down the drain .... Let's see how the chart forms out .... maybe i m right, just wrong on the SL ....

Price Action Trading - EUR/USD

Entry shifted to 36914. Keeping fingers crossed now.

Price Action Trading - EUR/USD