Pending Short @ 11058 Edit: Moved to 11064. I will keep shifting this up as I get closer to the kiss of death. DAX has moved 141 pips UP... that is a barometer here for the EUR. If both do end going UP... that has to be Dollar driven on the EURUSD ...

Discovering An Edge

Bugger. Stopped out +15

Discovering An Edge

Here we go with the EURUSD. Impulse wave on the 5M. I want "one last kiss". Any line will do: 11100, 11109

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Missed the impulse, but it blew past last COBB swing high so she's going north. Long @ 20910 Edit: Another Long @ 20916

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Asia has brought this lower, which is good. 15M and 1H tf approaching 50Ema and 100 Ema where I would observe bounce characteristics for potential entry or not.

Discovering An Edge

The histogram here shows and re-confirms, errrr again, that divergence is a VERY strong basis for developing an edge. Divergence is the stretch of an elastic band from its normal or "average" behaviour. It's measurement can therefore provide a means ...

Discovering An Edge

Very good. I'd agree with that. Either TZ are likely. Approach it with the view of no expectation. That way you could put in straddle orders now or wait for a reaction. Either way you have a trade plan.

Transient Zones - Basics

FX Boards are showing BUY signals for GBPAUD which is a positive signal. Here's my projection from the 1H trendline break. However, the white horizontal line is a projection from an old Weekly TL which has been reached. When these projections are ...

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I think there's more opportunity with GBPAUD but I will probably wait until London open. The 15M after open tonight looks quite promising on a short time scale if one wanted a punt. I'll skip. image image image GBPJPY Hourly also gapped lower ...

Discovering An Edge

GBPUSD: I would remain cautious here until ANY move is confirmed. Any close below 1.5432 and 1.5333 invalidates the Long Bias. The risk is that the market may range, which will sucker both Longs and Shorts. image

Discovering An Edge

MADASH USERS url Just a general FYI to all users of HonestKnave's excellent indicator that a major update has been posted. Visit the above link to download and also review the new features which are excellent!

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Congratulations mate! It's really awesome seeing your development. It's amazing to see peers evolve and grow - all traders go through it and we're constantly learning to keep our edge! Looking forward to seeing more! We learn from each other!

The Sacred Edge

I will get some takeaway tonight and cider on the weekend! LOL Have a great one K!

Discovering An Edge

That's what I'm talking about! SNAP! And don't forget - this is just Trade Setup/Management! Also consider the efficiency gains for the process of "Hunting" and "Filtering"..... which is where topics like Currency Strength, Cross Pairs and ...

The Sacred Edge

This is very useful to know. I'm a big fan of similarity. I only discovered this "similarity" the other day whilst trading EURCAD - although that's not exactly the same thing. Anyway, that's an excellent heads up. I will look into this! Thanks ...

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GBPUSD Daily Possible start of Wave 3?

Discovering An Edge

I believe the entry and exit are so intrinsically linked, from a personal psychology point of view that I believe it contributes towards trade expectation. There is one thing defining Risk/Reward, but there is another thing discovering an edge that ...

The Sacred Edge

That looks soooo exotic! Sadly, IGIndex don't have EURHKD which surprises me. They do have EURSGD though. May have to check another broker out... ETX Capital perhaps.

Discovering An Edge

Thanks for all your kind words! Much appreciated! It's weird... I liken it to learning to ride a bike. The day I learned it, the initial moments didn't feel like anything... I was just doing it. It wasn't until days later when I was going down the ...

Discovering An Edge

Am now flat. Exited out of all currently open positions for net +96 GBPUSD -9.4 GBPJPY +37.8 USDJPY +68 A good friday: +394.5 pips I have to write this down in my journal cos I have to savour it. I've not achieved this before. I've doubled my ...

Discovering An Edge