Reading back through the archives, I found this great post by Ghous that discusses divergence: url I haven't used divergence much in my trades, but Ghous's post got me thinking on GBPUSD. It looks like the bears could be moving in? This looks like ...

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Thanks, will have a search for that.

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Been watching this pair myself since it broke 1.48, waiting for some price action off this level to give me an entry

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@Long2339, cheers for your thoughts. I put in an sell stop at the bottom of the BEOB last night on AUDJPY. Will look to minimize risk quickly if price pops today. Skipped EURCHF - too much going on there, very tight spot. By the way, what does PBT ...

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Cheers Darek. A lot of traffic to look out for... Still tempts me, but tight and quick stops would be needed. Risky.

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EURCHF - A BEOB of a trend line that's been well respected over the past few months. Not too far to run until it hits a weekly S/R at 1.2139, and there's a good bit of traffic to the left. image

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Thoughts on AUDJPY? Big BEOB of a weekly S/R that's been rejected many times in the past three weeks, and there seems to be a lot of space to the left. Do I also see negative divergence? Thinking of going short if this BEOB holds until close ( in ...

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Hi Dan, Thanks for the encouragement! Great to hear from someone who used to be in my position, and has now got it together. Gives me a real boost Cheers pal. Trade well!

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Hi Mike, Thanks for your response. I was looking at this trade from a totally different perspective from yourself - I had my levels tied up differently and was seeing patterns that weren't there. Applying the box methodology and it suddenly becomes ...

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Have been away from the forum for a month, been struggling a bit. Thought some time alone would help - it didn't! Although March didn't suck too bad, I only took four trades - 2 BE's. one 13pips profit and one 49 loss. Riding low this month, but not ...

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Was just replying to you, talking about how much it had plummeted in last hour, and how I'd be lucky to get home without stop being hit and, boom! BE hit, SL hit. Whallop - that's about 70pips I've left on the table today!

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Just to add to what you said, Patapouer. I think that if I reach 1.68, I would see that as a pretty good target. I would be happy to move my stop pretty tight behind, and let it either take me out for a good ~150pips profit ( and then, as you say, ...

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Thanks, I'll hunt out that post. GBPUSD - Now I'm up 70 pips. What I have done in the past is go to a lower time frame, usually 4H and look at S/R levels there. I can see one now at 1.67. So, do I move in 10/20 pips behind there and lock in some ...

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I've read through most of your links ( thanks again )- I think that the millipede and H4 posts will take a bit longer - one for the weekend In this trade at the moment GBPUSD - image Set my order last night at close of NY and woke up to find ...

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Did you pull the trigger? I'm 50 pips up with this one at the moment. Now contemplating my trade management... see next post!

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Enjoy your break Mike!

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Thank you very much for that! I know you say it's mainly a selfish post as it's helping you get your thoughts in order - but you're definitely giving me something to think about re. exits and managing of trades. Looking forward to following your ...

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Thanks for your reply! You're right in that the most important thing is that I came out on top. This is what I'm getting stuck on at the moment - to try and bag runners, or to set smaller targets. I have been running the former for a few months now ...

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Here's a trade I could maybe have managed better. GBPJPY, my first weekly. I entered on the break of the pinbar marked, 4 weeks ago, and ended up exiting the following week on the retrace of the first doji. I had followed my stop up pretty close as ...

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Thanks I'm happy to pay the price of trading - good to have confirmation from a senior member that this trade wasn't a wild shot in the dark. And in other news - I'm still bullish on cable, but Putin has killed my stop, gah!

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