Who's that? Answer that on IM to save clogging up your journal.

steelhead trade journal

Does this remind you of any thread in particular?

steelhead trade journal

Truth bombs special forces style - it's the only way.

steelhead trade journal

Time to give up your elliot waves.

No Brainer Trades

Just tell me to stop cocking around and get on with it will you? Indecision is my middle name today.

No Brainer Trades

That's probably the cause of the uptick. However you could easily end up with 3 fib retracements on your charts which one do you believe? The lower down the timeframes you go the less relevant the info becomes.

No Brainer Trades

USDCHF — Don't fancy it anymore It's just going to get stuck in traffic

No Brainer Trades

Yep few buyers around midday. Let's see what happens at my levels later. Which wick on which 50%Fib? I don't like to go mad with fibs just a retracement of the last big 4h move is usually enough for me. It's real easy to have too much conflicting ...

No Brainer Trades

I nearly said earlier that your gbpjpy target was 100 short this time but I thought better of it!

No Brainer Trades

I use s/r from weekly (brown) daily(green) 4h(black) 1h(blue) I then weight the lines according to their significance. My Fib lines are also colour coded for visual ease. 23.6 (light blue dotted) is at a significant round number 11400. 11435 is the ...

No Brainer Trades

Are you quoting the actual s/r levels or the price you will enter at given spreads and shortfall? Because I might enter USDCHF long at 11445 to account for spread/shortfall with a stop behind 11400. My S/R levels are 11435-11400

No Brainer Trades

Nice I had 11567 marked up - didn't take it.

No Brainer Trades

I don't recommend trading the news. I know all those pips look tempting but don't do it, you'll most likely lose much more than your stop. There's too much market manipulation. It is possible to trade the news anticipation then get out before the ...

No Brainer Trades

That's the best way to use TLs IMO. I like your thinking.

No Brainer Trades

I hope everyone had a good day yesterday. Although I wouldn't recommend trading the news, the Fed IR decision meant many of my s/r levels were hit and some good pips were to be had. By my calculations there were around 1000 pips on the table, I hope ...

No Brainer Trades

Timezones — I still haven't established which is the best timeframe to use to be honest. I've heard some use London/Europe as it is the central session for the day and others using the TZ of the current market i.e. asia, europe, us. My simple ...

No Brainer Trades

My charts are set to GMT, you may want to check yours.

No Brainer Trades

Thanks for a perfect NBT post c-note.

No Brainer Trades

The s/r zone is 12885-13050 165 pips - not easily covered by a sl. My ideal trade has a s/r range of <40 which means I can enter at the beginning of the range and put my sl behind the next level.

No Brainer Trades

S/r zone starts at 12885. I don't think this is the actual reversal though.

No Brainer Trades