Just wanted to say thanks to whoever put together the scalper signals indi. I'm having GREAT success on 5 min gbpusd when I have a signal there I look at 1 min chart and take next retrace and move in direction of 5 min signal. I know the thread ...

MTF Trix system

Malcolm if possible would you perhaps comment on the gj and gu weekly charts? Both broke key levels and closed near weekly highs but on low-ish (fxpro) volume.

Trade Using VSA (Volume Spread Analysis)

Hi Hull attached as well as a MA indi that changes colour up and down. This has linear weighted, smoothed and expo. MA type 3 is linear weighted on close. MA type 2 is smoothed on close. MA type 1 is exponential on close.

Psych Levels, Pivots, and Trendlines - Resurrected

Yes and chuck in pivots also and other supp/res levels like prev days high/low. Again I'm stressing this is a scalping mentality. If you get good entries on gbpusd and in on the first hl/lh in a move you can either scalp 3 or 4 times in the move ...

Psych Levels, Pivots, and Trendlines - Resurrected

Just to clarify a little. By way of example if you had sold around 6361 a rejection of the 75 level. There was a move down to 50 level ie about +10, price came back to BE and then down to 50 level again. Chances are it'll go through or have a decent ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hah great trade, 15 min had 2 hammers with high vol suggesting that the 150 pip move down against the major trend up was done. 6250 was also a 23.6% fib on 4 hr chart and bounce from 50 level. All suggesting up. A resumption of the major trend of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one.

Psych Levels, Pivots, and Trendlines - Resurrected

6125 was a key level going back months. When it hit and only had a 30 pip reaction and followed up with some higher lows that was a hint.

Cable Update (GBPUSD)

Was buying and selling the 25 level/even number and missed one of my fave trades. The daily shows the obvious importance of 6125. The sells at that price were pretty obvious. What was not so obvious are trades we have taken many times: a vital level ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yes lh on 1 hr. 4 hr chart shows nice place to buy, red line supp/50% fib.

Higher low, lower high system

Normally yes but this is such a strong move up that neg close candles have just served as places to look to buy. Apart from the tops of moves going back to Nov/Dec 2007 and Jan 2008 I don't really see a reason for eur to suddenly fall. Of course it ...

Higher low, lower high system

Yellow line is 38% ext of y's range where move up struggled. Had a large shooting star lower high which closed around 5990. Suggesting move up stalled sold the retrace back to even number. At +20 moved stop to BE.

Psych Levels, Pivots, and Trendlines - Resurrected

Its a Hull HMA period 24. As for using it search Islanders numerous posts here. NB best trades reaction to levels, in particular again look at Islanders posts. For those trades yesterday we had a negative close the day before, a lower close on 4 hr ...

Psych Levels, Pivots, and Trendlines - Resurrected

Struggled at 38% ext of y's range (yellow line) lower high shooting star on 5 min), sold the retrace back to even number. 1 min chart attached.

Cable Update (GBPUSD)

Interesting trade selling the fall below the previous high. We tend to use shorter time frames than 4 hr. 5 min shows a very nice lower high reject of 38% ext of Y's high (yellow) and D M4 (green) for a sell below 4850. Having said that armchair ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yesterday GBP had a negative close with a lower wick so we could expect a move up. Asia did set up a lower high and lower low so we thought there was more downside to come. My 4 hr chart was showing a couple of upper wicks and then a lower close. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Asia made a lower high and lower low so was just looking to sell pending the news. Some of the sells, just scalping exiting at the tough spots around W S1 and yesterdays low. 3 of 6 sells.

Cable Update (GBPUSD)

OK we have a thunder storm rumbling around so I'm definitely shutting down, all the best from here, cheers.

Psych Levels, Pivots, and Trendlines - Resurrected

We work on basis that approx 50% of time GBP will follow previous days close (green close or red hammer up or red close, green shooting star down). In itself a good % to trade. If you add onto that on 1hr candles same as above and then look at ...

Psych Levels, Pivots, and Trendlines - Resurrected

The diff between good and great pips, cheers great trade. For what its worth Mrs V and I like bounces/counter trend ONCE GBP has moved 100 pips +.

Psych Levels, Pivots, and Trendlines - Resurrected