BRV, I think remember you saying that when EU moves 200 in one day it will almost always reverse. Todays high is around 1.5500, and 200 pips away is 1.5300. Besides this is a round number and the low of 13/June. The next low is around 1.5282. So ...

No Brainer Trades

I think it's well summarized in the first post of this thread. There are a lot of excellent posts in the thread as well, so it's worth reading all of it, but the first post is where you should start.

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Great points here Dale.

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I have this book on pdf, if anyone is interested PM with your email and I'll send it.

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Good morning! Not playing any IB's due to the upcoming interest rate news.

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If you got your BE just let some of your postion ride, you never know if it brakes the resistance...

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[quote=manto;2150111] Actually I took the same trade (it's posted in this thread) and I didn't hold on to it either... But I can say that I have imrpoved a lot since then and it was after that trade that I started to challenge myself and let any ...

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Every broker ads spread when you are buying, it's not just your broker... Remember that you are buying when you are setting a sl to a sell, and a tp to a sell, and when entering a trade with a buystop

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I have Alpari and the last bar was an IB, where the high was a matching high with the previous bar

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Very nice to see you were watching the market and based your decisions upon that... Lets see what happens on GU as it's in a tight range, might be so until tomorrows interest rate statement (although I think that is too far away still)

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Thought you only meant the IB range. The entry for me would have been 1.0506 with the stop at 1.0526 (4 pip spread).

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Lol mine was 1.0521 - 1.0507... gotta love these different feeds...

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Yes that's what you should do...

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Just one thing to have in mind: EURUSD and USDCHF are inversly correlated with a high precision, if EU moves down UC moves up and vice versa. There are a number of reasons to why I wouldn't enter that UC, but I'm very conservative as well. If I was ...

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There was a resistance at around 1.5515. And as you can see price came up to that level and shot away 25 pips on the first test. So taking that IB, considering it was a countertrend move as well, I would have made sure to get a BE before that ...

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Cheers mate. I'm out for most of the day now, see yall tomorrow!

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Trendlines of course are great as well.

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Just wanted to show quick how I use s/r, look at the s/r level of 167.94: At point 1 price got to this level and shot back up a long way. This tells me that this level is going to act as s/r area. Looking back historically I can see that this level ...

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Good holding on there, people learn from this one!

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Thanks for the info mate!

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