the huge spike one the left is a warning sign that price might enter a resistance area....buying into resistance is never a good idea even a system gives a signal... for eurusd 1h timeframe a conservative strategy is to move to be after 30 pips but ...

Simple Forex CobraSystem Thoughts Please?

yeah, 133.5 is also suggested by the bearish gartley on the daily/weekly to mention is that the gartely is inside the downtrend channel, so it's high prob

Daily GBP/JPY analysis

end of wave 4 could be finished, let' see if it can reach pivot r3

Daily GBP/JPY analysis

yeah pinbars alone are not profitable...but the pinbars from your ea theme to be pretty good .. you just need some filters to add... 1. pinbars with the trend are more reliable then pinbars against the trend...preferable i like to see that the ...

Really good indi! PAJ (New Price action indicator!)

well apparently it's not going far...lol...false breakout..i guess cause CAD is looking bearish again

EUR/CAD

i tried a wave counting but have to admit my elliot wave knowledge is limited...what do you think?

Daily GBP/JPY analysis

bullish breakout confirmed... let's see how far it goes...

EUR/CAD

actually it's forming a pinbar at MA50..together with rsi divergence that's a strong bullish signal so if it's confirmed i probably reverse my position

Daily GBP/JPY analysis

price reached important decision level, GBPUSD and USDJPY are both testing the MA50 now...i favour more bearishness so i leave my position open but moved stop loss to daily open level

Daily GBP/JPY analysis

161.8% fib & Pivot r3 at 131.7 did hold as resistance...price now trying to retest 23,6% fib & Pivot at 130.845...if it breaks 130.36 is next target...if not i expect more ranging between 130.8 and 131.7

Daily GBP/JPY analysis

61.8% that's impossible the more significant number is 87.0 anyway.. that's the 23.6% fib from monthly chart

USD/JPY Discussion

falling wedge on 4h at support & rsi divergence, potential reversal pattern

EUR/CAD

great indie ..but i found a problem...the indie causes metatrader to delete any fibs or lines when i switch timeframes ...i guess it's a data refreshing issue

Really good indi! PAJ (New Price action indicator!)

sometimes Kiwi leads Aussie and sometimes Aussie leads Kiwi..sooner or later this divergence will resolve i have bullish butterflys on both but they look crappy so i just watch

AUD/USD

well actually it is also a bearish butterfly which is valid already so scaling in short is an option, but i would need to put my SL above 132.5 as the butterfly can extend quite a bit ..that would limit my R/R to 1:1

Daily GBP/JPY analysis

look here url technical TP would be point B at 129.73

Daily GBP/JPY analysis

yeah typo, R3 of course, but why complete?, i think the rule is from 50% to 161.8%

Daily GBP/JPY analysis

ABCD pattern with D at confluence of 161.8% fib & Pivot S3 at 1.31.7

Daily GBP/JPY analysis

jpy hitting weekly down trendline soon..from weekly perspective we are still in downtrend ... time for a correction coming soon..maybe at 84.00

USD/JPY Discussion