Many thanks for taking the time to reply in between studies and trading. Looks like I am now out until after the US CPI this afternoon. All the best.

Harmonic Wave Journal

Oh yes forgot to mention, for what its worth, the next GBPUSD support level I have is 1.9977.

Harmonic Wave Journal

Hi Traex I missed GBPUSD this morning the consolation being I was selling GBPJPY. Just wondering if you have done any updates to your GBPJPY, whilst it still looks weak and could follow GBPUSD lower it did stall at 232.11 just above the 38% ...

Harmonic Wave Journal

We'll see what US session brings for the moment the run down is out of steam it seems around 1.9950. There is a 62 % fib level at 1.9920 from the move up started on 17 Aug.

Harmonic Wave Journal

Its just broken the 2.0139 support from Sep 6, hit 2.0128, if it doesn't turn up from here next supp I see at 2.0080 area. I think its headed there.

Harmonic Wave Journal

After a stunning week's trades good luck for this one, cheers.

Harmonic Wave Journal

Care to explain why?

:: Cable (GBPUSD) Trend Trading ::

The next obvious support is around 2.0040 from 30 Aug and then 1.9960 from 29 Aug.

Harmonic Wave Journal

Care to share your thoughts on the exit please. On the one hand there is a double top on 4 hr with negative divergence on macd and stochastics, 2.0200 is obvious resistence so we can pull back. But if we do break here then 2.0460 and 2.0660 come ...

Harmonic Wave Journal

Nothing to contribute other that to say I remain stunned as to your trades. The latest GBP sale at 2.0152 another amazing entry. Its 2.0113 as I write so I'm hoping for a small bounce to get a chance to sell, perhaps a bounce from 2.0100, we'll see. ...

Harmonic Wave Journal

Don't know diddley about counts but we are sitting right on the 62% retrace from the move up started on 5 March. We have divergences on daily charts w's % R and rsi for move up. However if we break below current levels and yesterdays low just above ...

Harmonic Wave Journal

Price hit 38% fib from move up starting 13 June almost to the pip for the entry. Another fantastic trade, I'll be watching on triple interest Wed's even closer than usual from now on. Well done once again!!

Harmonic Wave Journal

Can't see how to load this?? Doesn't give an apply to previous indicators data option?

Williams % R system

Thank you very much this is brilliant. I have changed my charts to this as I can add an 8 sma. I love the daily fozzy cross (8 sma 8 rsi). So much so I now have stoch 14 1 1 with an 8 sma, cci 8 with an 8 sma and 8 rsi with 8 sma on my charts. They ...

Williams % R system

I wait for candles to close as a general rule. If I see something on a lower time frame like divergence (which I still think is one of the best ways to profit in trading) I would consider getting in earlier.

Williams % R system

Whilst you are learning you can 'earn' while you learn. Follow Traex's Harmonic Wave Journal thread and you'll do well.

Please suggest a simple & effective Method/System of "Trading System" Forum to...

Entry at 50% fib with stop at 62% fib (re-entry at slightly lower price a bonus) before triple interest Wed (or whatever they call it), another great trade. Very well done.

Harmonic Wave Journal

I still have the 1 and 4 hr charts but on other screens. With the 30 min I use above 50 ema for buy crosses and below 50 for sell crosses. If there are other clear signals such as divergence I would do a buy below the 50 ema. I don't know how you'd ...

Williams % R system

3rd or is it 4th time lucky???

Harmonic Wave Journal

I have set up 1 screen with mt4 on that I execute orders off with 6 currencies charts on, all about 3 cm's wide. Eur, gbp, jpy, chf and eurjpy and gbpjpy. All 30 min charts except for gbpjpy 4 hr. I have loaded the w's % R 14 and the basic daily ...

Williams % R system