GBPJPY — GBPJPY is forming a great setup though we have 90 minutes to bar close. 1) 61.8 Fib level 2) Downward trendline 3) S turned R 4) ES CF formed, but still 90 minutes to confirm. By the way, we can either continue to post and discuss ...

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

Because, FXDD charts are GMT+2 whereas IBFX is GMT.

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

USDJPY 4hr trade. 1) Testing down trendline 2) Previous resistance area 3) 61.8 Fib level 4) ES CF Target 87.25 (support area) SL 89.80 (above the star and resistance)

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

Hi Mighty, Not sure how you have drawn your weekly TL but the only weekly TL on my UJ chart is by connecting July 2007 high to August 2008 high. To draw down trendlines, you need to connect lower highs and to draw uptrendlines, you need to connect ...

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

There are two types of head and shoulders formations: 1- Normal head and shoulders - A chart pattern used in technical analysis to predict the reversal of a current UPTREND 2- Inverse head and shoulders - A chart pattern used in technical analysis ...

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

Thanks Mike — Thanks for thorough analysis and showing us the way you think before taking any trades. We really have an interesting situation here. Because when you look at daily and then H4, we should be ready to take a SHORT position when ...

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

That's where discretion comes into play. Defining trend on daily tf totally depends on the look-back period, IMO. As an example I am attaching current GBPUSD daily chart. Now, B-C period can be defined as uptrend if your look-back period strats from ...

Powerful Fib Based System - by DAZfx

Hi Naija, I have two questions for you re. EURUSD chart. I see the crown formation on daily and 1.31 is an important support area. When we see one of those bullish three CFs, I assume you'll go long based on how you trade Crowns. My questions are: ...

Powerful Fib Based System - by DAZfx

GBPCHF — Market is above down TL and testing back of it. Considering the distance to outer TL (almost 1000 pips) and SL (@ 1.6160), I believe RR is very good. Though we have an hour to go for bar close, it is worth watching, IMO. Any feedback ...

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

When you look at weekly, I agree with you, but then how would you explain Dra's short entry last week? I am just comparing them and if it was a valid one, this would be, too, as it is closer to trendline.

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

You are welcome. I am not a teacher, but I always wanted to be. Will continue to post charts when I see any opportunities.

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

Thanks.

Powerful Fib Based System - by DAZfx

First you need to save your mt4 chart by right clicking on the chart and saving the picture as Active Chart (600 x 600). Then, on "Reply to Thread" window, click on "Manage Attachments" tab, click on Browse and upload your saved chart and submit ...

Powerful Fib Based System - by DAZfx

Thanks for the feedback iffy. This pair has been very volatile recently and considering the amount of stoploss (too close), I didn't take that trade, but I just wanted to make sure, if one of the experienced traders on this strategy confirms, this ...

Powerful Fib Based System - by DAZfx

Considering Dra's short entry on Jan 7th (post #1334) and comparing it with tweezer tops, I believe current short signal (tweezer tops) is well placed as the market is close to blue resistance line and price tests the down TL (Dra's entry setup got ...

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

Hi Tanya, If you enter @8963, the stop can be placed @8815, below both swing low and up TL. So, stop is 148 pips. But please re-read Soya's post #1372. Soya is looking for predefined S/R to enter a trade and as far as I understand, Soya assumes 8662 ...

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

EURGBP — I believe we have a valid setup on EURGBP H1. Any feedback appreciated.

Powerful Fib Based System - by DAZfx

Agree with being patience. For GBPAUD, please have a look for posts #1350 and #1353. If CF comes with the break of that support line, that would be safer, IMO, so I agree with Naija on that one.

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

EURGBP — EURGBP can be a potential long trade on Monday as it is very close to up TL.

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

Do you mean the blue line support, Naija? Thanks for the info, I didn't notice it.

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