Week 23

[torero 10]

It's time to get back to forex, I think. Anyone seeing this? 50% retrace with falling wedge and Monthly S1. Watching here for clues to see if support holds.

 

[Don4 10]

I have taken a short position looking for TP at 1.9716 if price makes its way down back to support at 50% fibs and holds ill take a longer term trade with a TP of 1.9988. But ill have to wait and see. (Think it will be a good R/R trade)

[torero 10]

You should out of the short already. Are you looking for a long from the 50% right. That's what I'm looking also.

[Don4 10]

Hey torero, nice call . U nailed this one, as for me i misssed the bus i was waiting for a pull back to at least 1.9700 then i would have taken the trade.

(on my live account). since im still forward testing my longer term system i did buy yesterday on demo and still looking for a tp of 1.9988. But congradulation on the trade, and nice to see u back trading the pound!!!

[torero 10]

Thanks, yeah, it's been boring waiting for it to act normal again. I don't like historical areas too much, too many shifty nervous eyes.

 

We'll see how this go.

[notouch 10]

Today was a nice confluence on technicals and fundamentals. We were at technical support and the BofE minutes were very hawkish so it was one of those "can't miss" trades.

[Don4 10]

Pin bar forming on 4hr charts.

[Don4 10]

Just some thoughts, today makes the 3rd time trend was broken. with the pin bar forming im thinking a retest of the trend. If support holds and todays high is broken then a continuation upward should occur.These are my views, anyone else?

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1592&stc=1&d=1179951653

GBP 4hour.zip

[Don4 10]

Still trying to figure out how to post pictures:o

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1594&stc=1&d=1179956556

[walterw 10]

Still trying to figure out how to post pictures:o

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1594&stc=1&d=1179956556

 

 

Hi Don, I dont know if you are following our "flip" aproach, but I see on your chart a lot of flips there that could have delivered very nice trades.... sounds like forex is very respectfull to S&R levels... cheers Walter.

[Don4 10]

Thanks Walter, Ill definitely check it out!!

[walterw 10]

I atach your chart with a "flip" optic... cheers Walter.

[Don4 10]

I atach your chart with a "flip" optic... cheers Walter.

 

 

Nice!!! Thanks Walter.