Is that the high of midnight ET candle with a downward sloping tl connecting the lower highs? If so, price is riding along underside of this tl, right?

A,B,C,D - 1,2,3,4 System

I'm getting it! — Yay! .. when I saw this post, I didn't read the text or look at the chart, just put up a naked chart of te AUD-NZD and started drawing the lines .. I got them all right & also spotted the entry. As to EUR-CAD, juicyt, it ...

A,B,C,D - 1,2,3,4 System

That's what I mean .. no new ones can be drawn yet .. so we just wait until price retraces to the present ones, or until it allows for new ones to be drawn? Wait until the egg hatches?? I really want to use the hammer ...

A,B,C,D - 1,2,3,4 System

Here's an example of what I mean .. in DAZfx's thread he identified the points A, B, C on this chart .. but according to what you're saying, the down arrow above the A would be the actual A (and I would think that too) .. so why did he pick the ...

A,B,C,D - 1,2,3,4 System

Also .. is there a thread that explains just how to identify the A & B points, I am still having a big problem with that when I look at a naked chart.

A,B,C,D - 1,2,3,4 System

All these gaps have me rather confused .. not sure how to draw next tl's. Now we just wait for the retracements?

A,B,C,D - 1,2,3,4 System

Where is this news? I can't find it. EDIT: OK, never mind, you already posted it

Auslanco - GBP/JPY and GBP/USD (newstrade)

Because we are gamblers at heart??

Auslanco - GBP/JPY and GBP/USD (newstrade)

Got it .. bullish star = morning star And if EB is bullish engulfing .. what is bearish engulfing? Also EB? Thanks for having patience, guys, I'm trying to get up to speed here

A,B,C,D - 1,2,3,4 System

OK, Dra. BTW, since TraderStar is a bit long to type, y'all can just call me TS

A,B,C,D - 1,2,3,4 System

Thank you .. they are very helpful! Some questions: What does PO and EB mean? On post #167, chart 2, I don't see the bullish star. On chart 3, same post, I guess you entered long there, but it is not annotated? Likewise on remaining charts, I am not ...

A,B,C,D - 1,2,3,4 System

Re EUR-CAD, Aug 29 0400 ET 4h candle — Aye, Cap'n I think my problem was I jumped the gun .. that 0400 candle had not finished yet, it was a long bear & I got in, but when it finished .. it was a high doji .. not enough patience as usual!

A,B,C,D - 1,2,3,4 System

Good point!

A,B,C,D - 1,2,3,4 System

Got stopped out the EUR-CAD, I guess that news was anticipated. No one here today?

A,B,C,D - 1,2,3,4 System

EUR-CAD — I took that EUR/CAD short that I mentioned earlier and it seems to be working out well .. I think that was an evening star formation on the 4 hour. I'm in love with this method already and I don't fully understand it yet

A,B,C,D - 1,2,3,4 System

I just saw on Drudge that the hurricane is hitting Jamaica today ... hope Dra will be safe, he may not be online today it the electricity goes down...

A,B,C,D - 1,2,3,4 System

Looking at it, I would say it is in a trading range so cannot be played at the moment .. but .. Dra may have some rules to cover this, I guess we will have to wait until he shows up & enlightens us.

A,B,C,D - 1,2,3,4 System

Proce has moved too far?? — I believe he says to only short at point C or 3, which in this case was also the .618 retracement from A to B .. so looks perfect .. except now we are away from that point .. to me the setup looks great, but I do ...

A,B,C,D - 1,2,3,4 System

Thanks naijafx, you are making a lot of sense I see now my inner tl was invalid because there was no lower low ... so this is a potential long setup, but, maybe a few days away... Thanks, TS

A,B,C,D - 1,2,3,4 System

EUR-CAD? — What about this one .. is the EUR/CAD setting up? And could you post at some point, the main pairs traded here. Thanks!

A,B,C,D - 1,2,3,4 System