USD/CAD. The location is good, as was pointed out very recently. image Currently it's showing divergence on the H4 and if it closes as a BEOB (and reaches below 1.2445) on the H4, I'd be very interested in a short. image EDIT: for Kershey image

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I know fundamentals influence the market and news events are to watch out for; let's ditch the neg. GDP forecast, since I wanted to focus on the Tech. here It leaves you with a pin in the very middle of a range, and TL's need three touches for ...

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[/sarc]? Suck when trade go against you from the very first pip. Don't let it get you down though; there's usually a lesson to be learned from them. So you shorted USD/ZAR, which has a great carry. Beware, there's a reason these currencies are so ...

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With that annotated chart it all makes sense. I was stopped just beyond the left eye (erroniously called it 'shoulder' before). I still think the location is great, so I'll be interested in how this trade works out for you. Maybe - provided ...

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Hi, Just wondering, where were you planning to take profit, or go to BE? As I sold into the opening and seek to move to BE before your sell stop (i.e. 2.6350), because the FTA - I think - is 2.6233 (May 12th low).

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I believe so. I've shorted here @ 2.6414 and moved the stop beyond the left shoulder. image Are you in?

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Hi Reza, I think Turnip is correct concerning the range. I think it's best seen on the U/J (Very compressed consolidation). image I'm waiting for a breakout.

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Hi GB, Still waiting for the retrace as I pushed last friday's untouched order for the H4 BEOB down for the daily. SL matches yours for as far as I can tell. TP in proximity of your average-price. image

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Hi Mike, Some bad news... I really hope you, you're father and rest of your family will be well! You have karma on your side!

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Hi, Here's USD/PLN with a huge DBLHC (Weekly). The bar engulfs the BEOB I entered last week, which ended in a painful loss. image My plan for this is to buy on a retrace to 3.7, and TP near 3.8. SL is going under the bar initially (3.5250); once ...

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If I were in the position with you, I suppose 0.71 is where I'd want to bail. The lower bound of the wedge is not much further down, so if I were to attempt that, I'd want my SL at or beyond BE at this point.

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Hey Kershey, Seeing as you are in the trade, do you consider moving the stop? I see this pair as possibly trapped in a wedge, although I think it's imperfect at best. The pin seems to have done a great job breaking lower, but that's about the time ...

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image {Edit: This chart is where the fibs and Pivot-area are taken from.} image Sell on a retrace, then close if it breaks above the magenta area. TP is quite far, but I think this one can make it, considering the overall trend.

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Hey guys, I took a pretty big hit on my last USD/PLN short. I'm looking at the pair still, since there looks to be a DBLHC developing on the weekly. I'll post it's chart and the way I'll consider trading it, over the weekend. For now I'm looking at ...

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Seems like a H&S-pattern on USD/PLN (Zlotty). I'll be shorting on a retrace and move the stop behind the retrace as price breaks the bar lower. image

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Good of you to take this one on a retrace. And the quick moving of the stop. One makes the other possible and in this setup it's really the only feasable option I can see. Way to go!

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Hey GB, Looks good, that AUD/USD Pinbar and it did what it's supposed to do. I'll be catching that knife now though. image

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GBP/USD: image

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Hi Jon, I think you're right. I saw price losing steam and adjusted the TP (96.35); just got hit. image

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As I've moved the Stop, that would get me out .

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