Took 1/2 off here at 39 (+16) and set S/L on remainder to B/E. Gonna let it ride and see where we're at before bedtime. image

Trade what you see NOT what you expect

Took an EU short here at 2655 based on the constrainment at the 35SMA and 10EMA. S/L just above these MAs, 1st target at the 50EMA. image

Trade what you see NOT what you expect

Thanks bro, makes sense to me. Nicely executed BTW.

Trade what you see NOT what you expect

Bstay2, I'll defer to Turtle for the answer to my previous question, but here is what I was saying. I've included Turtle's EU chart for reference. #1 is the candle that represents the "big surge" I was referring to. #2 is the followup 4H candle ...

Trade what you see NOT what you expect

Turtle, Question about your EU/AU trades and stop levels, if I may. It looks like you entered straight away on the close of the 4H candle following the big surge with stops just below the low of the last 4H candle. Is your reasoning that after such ...

Trade what you see NOT what you expect

Nice job this month! Enjoy the weekend.

Trade what you see NOT what you expect

Ended up closing the rest after the 15M hammer/doji. I was eyeing the 10ema but it didn't quite get there... image

Trade what you see NOT what you expect

Nice trades today guys. I was short the EU when that move hit but had a good stop in place so no worries. Took this EU short a few min ago at 80 after the 5M doji/hangman and with the 15M showing many wicks near resistance and the 1.27 figure. Took ...

Trade what you see NOT what you expect

131, It's truly a pleasure to come out here every day and see you trading like a pro. You are really a testament to the validity of this method and the possibilities that one can achieve with hard work, patience and discipline. Seeing ...

Trade what you see NOT what you expect

Welcome James, good to have you here. I highly recommend reading the PDF and then going back to the beginning of the thread and following along as EO and others posted their trades and outlined their reasoning. As 131 said, luck plays a small part ...

Trade what you see NOT what you expect

I'm sure that this candle pattern series has always been there but I have been noticing it more and more and thought that I would point it out... Reverse hangman Hammer Decent counter trend movement Retracement of 3rd candle but usually doesn't go ...

Trade what you see NOT what you expect

I definitely don't take them without confirmation on any TF. But, these type of candles, especially when they form at PPA areas, indicate that a change may be in the cards. So, in this case, a hammer on the 4H and then some nice PA on the 15M could ...

Trade what you see NOT what you expect

Yeah, I pretty much always trade the weekly open, or at least take a look and see if there's movement. Depending on what's happened over the weekend, the weekly trend is sometimes set right away and you can get a nice entry.

Trade what you see NOT what you expect

EU looking to close the 4H in 5 min (on my feed) as a hammerish candle. The 4H support looks strong at 1.2450 so another push down is certainly a possibility. There may be an opportunity to buy the wick. image

Trade what you see NOT what you expect

I'll take a stab at this although please bear in mind that I'm a fairly new trader and have only been trading this method for a couple months... First, it is a cross through the 35 SMA and 50 EMA which are 2 of the MAs listed as being on the 15M ...

Trade what you see NOT what you expect

AU Reverse Shampoo — Potential reverse shampoo shaping up on the AU 1H... I'll have to wait until morning to see whether it forms or if we break through. If we get the shampoo, the 1.0060 level will be key, as it was on Friday. image

Trade what you see NOT what you expect

This market is dead post London close. Have a great weekend everyone.

Trade what you see NOT what you expect

US500 and AU going up/holding. EU and GU going down. Who's right?

Trade what you see NOT what you expect

AU just closed outside the 15M channel for today and back below S/R at 1.0040. image

Trade what you see NOT what you expect

That's what I was seeing as well, just didn't execute. This is why I have the small 5M window. See how the 5M was showing that the 50 level was holding. Could have entered when the next 5M bar failed to go lower... image

Trade what you see NOT what you expect