PA did come down and tap bottom line for 110 pips. Now back up again.

Trendline Scalping 4hr timeframe

I am in it. Try it on demo first and move to live if there is movement. It has been slow in moving down.

Trendline Scalping 4hr timeframe

I cut my losses.

Simple H1 GBPUSD EA

No I didn't. Went to dinner with my family and missed it. What are you looking at now?

Trendline Scalping 4hr timeframe

Long FXDD camv4

Simple H1 GBPUSD EA

GU — Lovely channel. I'm looking to go short if PA continues down. This would be a counter trend trade and more risky, but if it continues down and taps the bottom line, it will be a 3rd tap for a move up again.

Trendline Scalping 4hr timeframe

10, 2 and 6:00 am/pm is my local time on my particular platform at which the H4 candles are formed i.e. a new candle starts at 10:00, a new candle starts at 2:00, a new candle starts at 6:00...ad nauseam. Everyone should know the times of formation ...

Trendline Scalping 4hr timeframe

If you would mark.. — your period separators, your chart would be easier to analyze. The separators also help to keep focus. This was a winning trend, but, IMHO is now too late to enter. I have been watching it too, but missed it. I personally ...

Trendline Scalping 4hr timeframe

Pairs — EU, GU, EJ, UCHF, GJ and NZDUSD..but I really don't think it matters which pairs you pick. I will look at other pairs if someone points out that something is happening on them. My limit to 6 pairs is completely arbitrary..becuase I ...

Trendline Scalping 4hr timeframe

EJ — Look at this chart now...up over 400 pips!

Trendline Scalping 4hr timeframe

Exactly, if I can..meaning if I can get to the computer. I have a full time job, but am self employed so that helps. I have 6 regular pairs that I watch. I try to scan them at 10, 2, and 6 a.m. and/or p.m. Obviously I miss the 2:00 a.m. scanning ...

Trendline Scalping 4hr timeframe

Out with +45 pips. Could have stayed in longer for over 100 pips, but got tired of watching.

Trendline Scalping 4hr timeframe

EJ — My last trade of the night. Weekly, daily, H4...even H1 all long. This was a scary day...

Trendline Scalping 4hr timeframe

GJ — Another setup?

Trendline Scalping 4hr timeframe

I won't tell you to enter a trade, or not. Countertrend trades are riskier than trend trades, and trend trades are risky in and of themselves. So depends on your comfort level and tolerance for risk. I enter countertrend trades all the time in what ...

Trendline Scalping 4hr timeframe

Weekly, daily..even monthly bias for GJ is short...any other direction, IMHO, would be a countertrade.

Trendline Scalping 4hr timeframe

Look for your bias on larger time frames. I have found that by mid-week, generally, the directional bias has been set by the weekly timeframe...so that is my measuring stick in most cases. Of course, if PA is showing something else..go with PA.

Trendline Scalping 4hr timeframe

USDJPY — At historic lows...

Trendline Scalping 4hr timeframe

Fundamentally, yes. Although there are nuances. Dave uses 50 for SL and TP. I use support/resistence levels.

Trendline Scalping 4hr timeframe

Out with +48 pips.

Trendline Scalping 4hr timeframe