EURGBP — I like the look of 9281-9300 for a quick retrace. Beware the 9-30 news though! GBP CPI.

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Hi Siam I took a break yesterday too. You just never know how these Bank Holidays will play out.

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It's been a great day today, thanks everyone. I'll be back on Tuesday as it is MLK day in the US on Monday, so I'll be doing something else instead like my tax return. Have a good weekend.

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I try and stick to 4H Fib retracements which makes it 38.2% of the run down from 05 Dec and 23.6% of the rally up from 29 Dec.

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USDCHF — What will USDCHF do with 11085 I wonder...

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Don't get me wrong. The pullback of the break out on EURJPY could be an opportunity to some, but I'm just doing what I am happiest with. I think your admission about lack of consistency is the thing to sort out first or you will never know how well ...

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Hi Banda Yes I'm up today thanks. Support and resistance trading has made 100's of pips in the last few days, I only wish I had been in all of the positions! Have you read through the posts and attachments at the start of this thread? It's the only ...

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Pips are pips. Are you in the UK or Europe kojak? Your profile doesn't say much, don't be shy!

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Keeping an eye on it. It's been there a couple of times already, see if it finds resistance at 13337 or makes a new high.

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That's 38.3 fib as well. Similar story on EURJPY at 12094.

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True, it broke the recent high and a long term weekly support at 11991. Good observation.

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Small double top there... I was thinking about looking for this opportunity on EurJpy too.

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S/R in longer timeframes is more significant. Look at your daily chat to see how strong this level is. And yes 38.2 fib plus it was 50% fib on the last run too. Careful it doesn't wear out!

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It's fantastic isn't it? Nice strong delivery to support around 14475 then off for 400+.

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Moved TP to 11667. Trailed my sl +20 and got stopped out at 11931, no problem a good opportunity with a small profit instead of a loss. On to the next...

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I add on my brokers spread and the amount I don't want to miss the position by e.g. +/_5. Otherwise you could miss out if it turns a little early. This of course means your stop is also more at risk as you should move it in line with your entry.

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I have that support line but I didn't think it was so strong, I suppose it is a round number as well. ETA: - Duh, and close to Fib 50%. Too many pairs to watch.

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Short EURJPY 11951 at 4H close. TP 11840.

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We're both wrong it's 33.33%. 9 trades x 33.33% = 3 trade wins x 80 = 240 9 trades x 66.66% = 6 trade losses x 40 = 240.

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On a serious note - For those that don't know, that's why money managment works 2:1 on your risk reward means you only have to be right 50% of the time to break even, over 50% accuracy and higher RR is profit. N.B. We're still not advocating coin ...

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