UPDATE on yesterday's trade: after some small stopouts still held long and now waiting for more up on Monday. Interestengly, there was a selloff precisely off the Daily entry bar trigger point (Low of Yesterday) as a second entry, which failed, so I ...

EURUSD MultiTimeFrame

Agree, anything can happen, especially going countertrend on M5, but a microchannel is a good sign, it means persistent buying which attracts more buying from those willing to get in, and then those fading the microchannel get all trapped, chasers ...

EURUSD

Seeing a higher time frame trend resumption trade on EURUSD. D1 shows a rather strong entry on a very weak bear signal bar, may be just a bear trap. On M5 we saw some buying pressure in the last sideways range and a failed breakout below the range, ...

EURUSD

UPDATE on today's idea: a couple of small stopouts, but still long. In the meantime, possible Failed Low 1 entry on a weak H1 Low 1 Signal Bar also in progress, may still reverse upwards. On H1, it is a trend resumption trade. On M4 it is no longer ...

EURUSD MultiTimeFrame

Entered LONG, on a Final Flag failed double bottom breakout + Micro Double Bottom. Remains to be seen, it's a countertrend trade on M5, low probability, high reward.

EURUSD MultiTimeFrame

On Daily, we can see that the Trendline of the bearish correction has been broken, we had a spike to above EM20 and now an entry on a very weak Low 1 for bears. This could be a trap leading to a Failed Low 1, so looking to BUY on a M5 setup.

EURUSD MultiTimeFrame

Strong Low 4 setup off EMA on H1 on the hour, Wedge Breakout Failure on M5 and M15, short for a test of the LOD. UPDATE: tightened stop as stalled below EMA and will likely be stopped out. Will wait for the next short setup.

EURUSD MultiTimeFrame

M5 Low 2 combined with Low 1 Lower High on M15, chasing the trend for a test of LOD.

EURUSD MultiTimeFrame

Low 3 on M5, in conjunction with failed Inside Bar entry trigger on M15 and Spike in progress on H1, chasing the trend further. UPDATE: Stopped out BE.

EURUSD MultiTimeFrame

Failed Wedge Breakout setup plus Low 2 on M5, going for Low 1 Second Entry on H1. Inside Bar Breakout Mode on M15, the odds are probably to the downside, to try for a new low of the day. UPDATE: Came back to find my 20-pip take profit hit. Good ...

EURUSD MultiTimeFrame

Today was just another proof of the uselessness of fundamentals in trading. Great NFP figures came out, but they did not lead to a massive selloff in EURUSD, the euro even went up a little instead... And it's not the first time, there was a similar ...

EURUSD MultiTimeFrame

Hi stophunt78, I haven't studied John Grady's method and do not use DOM, only charts. I did use it for a short while, but it didn't work for me on its own and I went back to the price action method on the chart. I think PA helps see market structure ...

EURUSD MultiTimeFrame

Today's perfect multi-timeframe setup, where things aligned nicely on three charts: M5: Failed High 3 Second Entry, ending up right under EMA M15: Weak Double Bottom signal countertrend right under EMA, trapping many bulls H1: Strong Low 2 signal ...

EURUSD MultiTimeFrame

Back to trading and journaling after a while. Today was a break-even day, lots of signals (at least three on multiple timeframes), but none produced more than just three or four pips in reality. Went long on the last push up in hopes of a reversal ...

EURUSD MultiTimeFrame

#4 means trading from breakeven up, i.e. setting BE stops as soon as possible. Other points about taking losses while they’re small mean trading with tight stops. This is contrary to many widely taught systems and trade calls with wide swing stops. ...

1% to 3% Per Day? All things are Possible

Bar 29: Big Up Big Down equals range. There was a test of the bull Breakout Point, and in the absence of support, a vacuum spike to the fresh bull Trend Line. The Breakout point now serves as support turned resistance, but is likely to be tested, so ...

EURUSD MultiTimeFrame

Bar 7: Tight Trading Range, signals look perfect but don't lead to spikes... Holding the short from BE.

EURUSD MultiTimeFrame

Bar 5: A High One for a third push up, but a doji and back into the range, likely a bull trap, reversed to Short.

EURUSD MultiTimeFrame

Bar 1: Low 2 Failure at the MA for bears, strong bull Inside-Outside-Inside signal, added to the long, BE in. A Failed Low 2 setup Bar 3: Low 2 Second Entry, bulls trapped, but this is small bear doji, looking to stop out with small loss or a bull ...

EURUSD MultiTimeFrame

TODAY's OUTLOOK Seeing the H1 range at the 20 EMA is the main magnet today. On D1 we see a contracting range above EMA 20, still Always-In Long, but bears are clearly positioning, so big moves and range fakeouts are likely. Looking to fade those ...

EURUSD MultiTimeFrame