[quote=BabeFX;2408294] Not exactly sure what you mean BabeFX. But this is not something I just backtested, this is something I have been observing and trading live since I discovered it in September this year. Take a look at EURUSD right now. EURUSD ...

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waiting for my entry. Looking like the 1.3010

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nice . quite a large stop. I am watching it and enter when I feel it best. But that level is the one

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I follow market time triphop, which is GMT.

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I took a 20 pip profit and locked my other entry stop in at +1 pip. I am hoping for the market to probably make a better run up creating a nice divergence. It might be late to jump on now, but watch it. An entry might just make itself available soon ...

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libb.. I was indeed looking for a bounce after the wave. That was what I was saying to watch for. A short on Euro at 1.2913. Just happened that I was in a long on Euro and my chart had that Take Profit note for myself. But I also took a short at the ...

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Hey libb.. the take profit is for me as I was long at point 5.. but the short is at the level noted 1.2913 at the TL looking for the market to hit the daily close and S&R

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GW, the reason it is often used as S&R is because it IS S&R. I was attempting to build a trading system off that very fact of the daily open. The market tends to pick a direction for the day after the open of the daily. Truth is that each candle ...

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Hey triphop If you take our previous daily candle and place the Open High Low and Close on yor chart you will see that the next day uses each and every one of those levels. That is actually how I trade daily. I take the Daily levels of the previous ...

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Potential Short — Hi guys, a potential Wolfe Wave which if plays out will likely provide a short on the Euro at the Daily Close level at the trendline bounce at the daily 23.6 fib level and S&R (acted as both resistance and support yesterday, ...

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Hey Willowgal, On your GBPJPY chart your fib swing is a bit odd. It is placed suitably to match the level at the 76.4. The swing low is lower than where you have it. Also... if you make a full swing from the lowest point up to the highest point you ...

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Wow.. sorry about that my friend. Looking at my JPY chart there is a nice long ahead. A long now is very likely, but given the nature of the market currently, I would not hold my breath. I do hope you can shave some of that loss off. Just a question ...

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So you do not typically enter on limit orders? Yes I do enter on limit order sometimes.. has to be a very clear and high probabilty trade where there is a good bit of convergences happening. By stabby candles, do you mean the ones which separate ...

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Sure no Problem... As I just mentioned in response to BRV's post. I use a method I studied by watching the market for a while. I will take the OHLC of large TF candles and trade them on smaller frames (15minute favored). The low that you see there ...

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Awesome BRV. Definately looking forward to it! Almost sounds similar to my method of trading using Daily candle OHLC to trade short term for fast profit and quick break in of stops to lock in profit. This method you are researching might have ...

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Good enough for me

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That's what I was saying GW.. thanks

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I think you misunderstood what I was saying and asking Tori. Reminds me of a point BRV made on trendlines and how it should be clear to others. I am quite sure there is a reason for drawing the trendline the way you did based on your methods or ...

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I can see where it does it on YOUR chart, but what I am saying is... how many people draw trendlines like that?

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I took the trade based on the S&R level and price action

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