similar setup and trigger in GBPUSD, pullback on lower volume = bullish volume hammer on higher volume = trigger set stop 1 pip below low = 7 pip risk move to b/e after 5th bar

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

Malcolm, thanks for this post, absolutely GOLD!! Was watching the down bar form on high volume at point 4 and small up bar at point 5 and concluded that it was buyers and a good entry point, however didn't take the trade and watched price ...

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

thanks mate

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

malc, what timeframe confirmed the low volume test? ....can you post chart if possible

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

Much appreciated

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

Malcolm, can you explain the above on the chart and show the test. And what timeframe confirmed the test? Thanks

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

covered half at 1.6445...trailing remainder

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

short GU at 1.6485 stop at 1.6502

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

thanks malc

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

malc, can i ask what was your reasoning behind your entry at 150.80? was it based on purely testing the gap and therefore you had placed a limit order at that level? i get a sell trigger on the 15min, inverted hammer as per chart

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

Hi Malcolmb14 I've traded stocks for about 7 years using mainly volume and price successfully. I recently started to trade FX using NinjaTrader and Inetractive Brokers however the issue I'm having is 2 fold. IB don't give historical volume and only ...

Cable Update (GBPUSD)

Thanks Atlast. Learning a lot from your posts.....I like your trading style.

EURUSD

Atlast, with all those anouncements in a row, do you still trade the same way, or do you lower your position size?

EURUSD

zero activity at the moment......is there pending news? nothing on FF Calendar

EURUSD

nope, it's trending up

EURUSD

ahh....my time setting is different. Thanks

EURUSD

Atlast, with ninjatrader, when using ATM strategies, in the case of setting it up for 2 profit targets you have to also set it up so the initial stop loss is 50% of position size for both targets. If no targets are reached and your initial stop is ...

EURUSD

how do you come up with a daily pivot of 1.4078? Cheers

EURUSD

that's interesting, i have a 3 bar rule, so on a 3min i look to move to b/e or exit if the trade isn't in profit. also move to b/e as soon trade is 1 to 1.5 atr from entry, which related closely to about 10 pips.....

EURUSD

3min chart formed top reversal pattern allowing an entry at 1.4039 or with sell limit at 1.4041 and stop at 1.4051 reversal pattern highlighted in blue good trade Atlast

EURUSD