Thanks snarly I totally agree with your approach, thanks for your input

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Thanks I think your right, totally agree and the whole point of trading the higher timeframes is to avoid the stress of constantly monitoring the charts

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What's your opinion on an SL for the 4 hr?

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Yes that's what I do, I use logmein during work and check every 4 hrs, maybe the answer for me is to forget checking mid trade altogether and only check on the formation of the new 4hr candle.

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I think for me now the only missing piece of the 5 method I need to sharpen up on is knowing when to exit if the trade starts to pull back on me. I know BigE uses quite an early exit strategy if it pulls back more than 15 pips he gets out. I however ...

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isn't that the same video as I just posted?

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Numb3rs posted the APB video on the old thread... url Hi everyone! I wanted to show this video of Dean's about the average price bars. Look for set up bars that fit in the category of Normal or Strong APB. This should help to increase success on ...

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Wicked post your charts Mark your entry, good trading

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The main problem with this trade for me is those weak candles, long upper and lower wicks and small real bodies, Market doesn't know what to do - pass on the trade and look for an easier setup. There's a good video somewhere on the compassfx website ...

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Great chart look at that last long trade on the chart perfect setup, strong candle, tdi perfect

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Wow - good work. I should be doing more trading - less chatting on here :-) what timeframe were you using?

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The market just seems pretty slow/flat at the moment (as expected)

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Yes I know, enjoying my day off (i'm from the UK) it just confused me when Snarly said London was closed tomorrow. Time differences probably.

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I must admit I didn't take the trade, against the trend on the larger time frames and the lower time frames it looked like it stalled slightly. But I'd say stick with it, like the others have said.

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I think he's happy to trade against the trend, (as long as all the 5 method and basic forex stuff is correct). I think he's said before he uses the last reversal as a guide, if the last reversal was weak and short lived then he passes on the trade. ...

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Thats the problem with news, you could view the Bin Laden story as positive for the dollar (major threat taken out) or negative (possible reprisal attacks from extremists against US). You've really just got to listen to the charts I think. BigE said ...

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the royal wedding was last Friday, why would London be closed tomorrow? Or do you mean the bank holiday today? good point about the news though, there may be fears of reprisals.

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I agree, well said

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Wickedwin I've marked up two examples on your chart, the first one (the circles) is a trade on a TDI cross and the second (the rectangles) is a bounce trade. You would enter on the blue circled candle (the first one) it looks to me on your picture ...

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Bank holiday today in the UK, be cautious folks

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