Same thing as above but on a USDJPY 15 min chart. Neckline is a little sloppy but still a nice setup to harvest some pips. Watch as this unfolds over the coming hours to see how it plays out! image

Hunting Elephants with a Microscope

Take a look at this weekly chart of Paychex Inc on the Nasdaq. You always read about these patterns in books and on websites....It is very cool to see them unfold in real time! We want to drill into this stock and see if we can find a good LOW RISK ...

Hunting Elephants with a Microscope

No trade trigger and it headed lower. Will continue to watch

Hunting Elephants with a Microscope

Munchie...I use Tradingview as my charting and trading platform. There is an indicator called "Pivots" that you can set to whatever length....I use 5/5

Hunting Elephants with a Microscope

Crude Oil This market is correcting what was a breakout that ran all the way to 130. Currently in the sweet spot for low risk entries as long as there is a proper trigger with great R:R image Lets get out the microscope and dig in a little ...

Hunting Elephants with a Microscope

Sunday night and lets look at a few charts so that we can establish some CONTEXT for next week. We have to know where we in order to know where we are going. If we don't understand context, that fantastic buy signal on the 15 min or 1 hr chart will ...

Hunting Elephants with a Microscope

To continue from the last post, we now know from the daily that we are " in the area" to be looking for a good short. The 15 min chart had a big bar up to touch the .618 retracement. This alone is NOT a reason for an entry. We MUST see Price Action ...

Hunting Elephants with a Microscope

So lets go through how my charts are setup. I have exactly 2 indicators on my charts and I use 1 measuring tool. 1) I have a pivots indicator that is set to 5 before / 5 after: A) Pivot Highs, which is those with 5 lower Highs on either side are ...

Hunting Elephants with a Microscope

Just the title of the pdf you uploaded will make you a better trader as long as you heed the advice...Cheers

Hunting Elephants with a Microscope

Thanks mate...I figured i needed to get all of this stuff down in print somewhere. Hopefully someone will get from benefit from it.

Hunting Elephants with a Microscope

You are exactly right. Context is key. The chart was a simple reminder of what is going on here in the big picture.

Cable Update (GBPUSD)

Simple...$ is in a massive bull and trying to keep shorting it is not a very wise strategy.

Cable Update (GBPUSD)

Good move....only brings negativity.

Billytt Die happy trading e/j daily breakout

Here is an idea. How about YOU tell everyone YOUR system. You are extremely good at pointing out why everyone's method doesn't work but yet you never offer up any alternatives. Why is that? How about if todays close is > the high of yesterday, I ...

Billytt Die happy trading e/j daily breakout

Why are you buying?

Cable Update (GBPUSD)

No problem. Here is a 4Hr EURUSD image

(binned per thread starter’s request) 29yrs Trading & Still Here

Apple Daily with some marked up areas as more of a question than fact. Interesting thread so far! image

(binned per thread starter’s request) 29yrs Trading & Still Here