Absolutely, which is why getting stops to BE as quickly as possible is the key!

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Caught that move... hopefully a bull retrace. Long at 28, stop -15, TP1 48. EDIT: Stops now to BE, all free now. 5M and 15M showing a bounce. Targets for 50 shown. Valid/Strong Tops and Bottoms showing white space to the left.

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I like this chart, based on the rule that of 62Fib is broken then price will return to 100Fib. The origin of the move was from the HI (100FIB), price snapped to 0FIB but was rejected, and the last bounce of 23FIB resulted in the breach of the 62FIB, ...

EURUSD

Hi Alex You're spot on... and I guess this is what I was trying to get at: when the market ebs and flows, I change my style to suit. Trending Markets = any system that takes advantage of positions (S/R) and makes use of breakouts. Ranging Markets = ...

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You're exactly right.

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I should add that this kind of commentary usually happens in ranging markets of which this cripple has done lately... if you remove the 2 Draghi days 2 weeks ago.

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Probably best to remove the LT bias mate. Personally I'm bull to 407 to 490. But I wouldn't hesitate to short this mofo if Price Action told me to.... now having said that timeless cliche, I qualify my statement to say that I am bias long from a ...

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Another Dustbin. Out +12

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Risking the 26 for a long at 37, TP open

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Whatcha aiming for? 390ish or break of 400s?

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I had 40 but I didn't set it as a limit... using my eyes... too slow on the hand though.

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Whoop. Out. Long @ 18, Exit @ 36 for +18 : dustbin strategy working well today. Thank you London open. Will buy a further dip depending on formation. Have no idea what's driving this but I speculate that it's the YEN pairs which I've not even had ...

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And a break of 3326 would see 3360ish

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Resistence at 26. Well done to the patient ones!

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Out +12 for a Dustbin. Just missed out on the spike.

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Got stopped out on the first one, but BE. Re-entered now at 96. Flitty.

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Morning All, Wishing everyone green pips today. Max I'm with you on this one. SL to BE now.

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Just thinking about this some more, I've only got one position long for the stradle. I've not got a short in place and I'm finding it harder to pick a price. They are all support thus far. 3300 - even though it's been pierced, the 1H shows price ...

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It's early days yet. It's all discretionary still, so I'm still sticking to 2:1 ratio of reward to risk... at 20 pip max, if the calculated stop is above a support line I wouldn't take it. etc. etc. Just need a way to filter out or avoid the ...

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You could well be right. My entry is based on a system I'm devising using Parabolic SAR. It's so I can smooth out the smaller time frame entries and not be "scalping" all the time. So the entry for 23 is based on a down movement and if price crosses ...

EURUSD