Here's a couple of charts that might help:

Silent Service Method

The quickest answer is this: IF it's a counter-trend trade, I aim for that hurdle. I take full profit there, and don't worry about it. Do I miss some big moves that way? Sure, but who cares? IF it's with the trend, I wait and see if it breaks ...

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Without looking at the charts, (I don't even have them open at the moment...) I would be a little cautious about going long this pair. From memory, I think that there is a S/R "zone" from about 1.30 to 1.32 or even 1.33? None the less, yes.....an ...

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Uh, yeah...kinda. But don't drag this out too far. It has more to do with relationships in pairs. To be honest, EUR/JPY follows world stock markets more than anything. It has to do with the flow of money around the world. (In and of itself could be ...

Silent Service Method

The other common one is the relationship between these three: EUR/USD GBP/USD EUR/GBP What you are doing is Algebra. You are taking the "USD" out of the equation, once you determine USD overall weakness. Essentially you want to match highly ...

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Actually, I DO take counter-trend pins.....I tend to aim for the next "hurdle" is the main difference. (I don't trust them to run and run like I do a trend trade.) And it's in an uptrend still.......if you look at the big picture. CW

Silent Service Method

Yes, that is pretty much the idea. We like to see it break through, and pull back to support and hold. Perhaps a 4 hour pinbar or something. (On your daily example.) As a side note, that trade formed a 1 hour pinbar on support. (from memory.) CW

Silent Service Method

In my example, I was saying buy the stronger of the two in the cross-pair..... So if AUD was stronger than NZD, you want to buy AUD/USD. This only counts if they are both stronger than the USD. So you would have in order of strength: AUD NZD USD You ...

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That's pretty much what I do as well. Clockwork

Silent Service Method

These minor areas I tend to use more for hiding stops behind. In a manner of speaking, it's where I put stops to let a trade run.....somewhere on here I have an exit example chart, this is a perfect example of what I look for.

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I tend to look for some type of candle formation at areas such as this. To be honest, I am interested in shorting this pair, but maybe not here.....maybe a little higher up. In fact, I am waiting...... By the way, thanks for the personal note on ...

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huh?

Silent Service Method

All pair have a use. — One thing that looks obvious to me now, but not when I started was this: All pairs have a function. Not all are trader-friendly, but they all mean something. Some pairs like EUR/USD are very, very liquid and are great ...

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Recent ouside bar. — This is a recent outside bar that was printed on the USD/JPY chart. It broke and went to the first "hurdle".....

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That isn't a trade to be involved in. Smart traders don't get involved with Central Bank interventions. SNB (Swiss National Bank) was involved in a currency devaluation last night. It is NOT something you can prepare for, or anticipate. Although, ...

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Why this stuff matters.....now. — Last night in my webinar, I had a lot of complaining about "The lack of trades out there." To be honest, I had not thought about it too much recently. I always wait for price to come to where I want it to ...

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You obviously have a stronger stomach for risk than I do if you have made 10 percent a week.....but if you are comfortable with it.....I have no issue. Congrats.

Silent Service Method

If it's not clear.....a lot of the time it's more of a "range". Sometimes you will see a 50-100 pip "zone", which I treat as a thick line. However.......I am glad you brough this up. Most of the CHF pairs tend to have these. (For some reason, 80 and ...

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No Price Action....I typically will ignore it. Unless of course it's with a major trend......then I might give it a little "wiggle room"

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Thanks..... I woudn't expect much tonight. Wednesday is the night I give webinars, so time is a bit tight. I should have some more stuff up tomorrow.

Silent Service Method