Charts — I really must get back into putting these things up beforehand but anyway this is a classic set up. A nice buy from 11250 over 100pips to a predictable resistance line at 11398 and a with trend sell.

No Brainer Trades

ProRealTime. I use GMT on my charts so US 4hr won't match up. I tend to stick to 1h charts then I know all buyers and sellers can see what I can see. EDITED TO ADD CHART.

james16 Chart Thread

4hr PB on USDJPY

james16 Chart Thread

S/R Zones — Have a look at what happened when price revisited the levels I circled back in December. The small range 11084-11138 gave a healthy 100+ countertrend short when it next visited and price reversed from this range before continuing ...

No Brainer Trades

A line at each can give you a nice s/r zone to play with. Look back and see how price behaves at 2nd and 3rd visits.

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Money management is critical for staying in this game long term. Read about this and risk/reward ratios it will save you from a blown account when you have a bad run. By the time your broker has had their spread even a stoploss like I typically use ...

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How tight was your stop loss and TP?

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EURUSD — Keep an eye on 12700 for EURUSD if it gets down there it won't stay for long.

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All good levels to me.

No Brainer Trades

The markets love to sucker you in to false break outs then quickly eat up your stop. Just look at Cable yesterday (and the Cable Update thread) most people thought it would tank if 13682 was broken, the rest put longs on at this support level. Price ...

No Brainer Trades

Opinion seems divided. Fibs are only assistance to s/r so it doesn't matter too much whether you use 78.6 or 76.4. 38.2 50.0 and 61.8 are the most important levels anyway.

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Good. It could find suuport 12890-12880, there's a weekly support line and a fib 78.6 there.

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Well done for jumping in. The best position was kojak's earlier at 13081, but you are using the same principle which is great. What is your target and R/R?

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3 days? Don't rush it, observe the reaction to the levels you pick. I use weekly, daily, 4H, 1H for S/R and Fib test. 30m 15m and 5m to zoom in.

No Brainer Trades

I hope this was kind to you, my +/-20 trailing stop meant I was stopped out with just 40 pips out of 100+ as it was so choppy yesterday. At least the rally took off again right on cue where support met the 4h TL. And as I type it breaks through 9437. ...

No Brainer Trades

There is a lot of common ground between the best threads on FF. Have a look at No Brainer Trades, the basic principles are the same and time frames is the individuals choice. I'll add what I can here.

Do you want to make some money??

Without even looking I guessed you've been in Cable Update again! I won't even look in there anymore unless I want a good laugh. There's little chance of changing their attitude. Perhaps someone of your experience and skill level would be better off ...

steelhead trade journal

Good morning! Yesterday was fun, let's see what today gives us.

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It's all on page 496.

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Brilliant to have that set up even without the news, well done smittens. I also had a TP in at 8916, still gotta be happy with that under the circumstances.

No Brainer Trades