so far 0 pips drawdown and 5 pips sl. i am gambling on teal wave count. of course with a new high it was wrong. image

Longshot_nl's confluence system

this bear wave is poo. need an even crappier bull wave to short it.. image

Longshot_nl's confluence system

updated situation. i put a checklist in the chart and the level i would like to enter.. using all tools at my disposal.. if this happens i can enter with a 8 pip sl or so. image

Longshot_nl's confluence system

1 minute chart.. i want to see a strong bear of at least 15 pips followed by a weak bull. that is where i try to enter with a tight sl. image

Longshot_nl's confluence system

my eurusd 4h chart setup has some drawdown but could still work... i am looking at lower tf for a setup. image

Longshot_nl's confluence system

also 23 fib on weekly may act as magnet. image

Two trendlines, ultimate reward

possible gartley.... 30m chart image

Two trendlines, ultimate reward

i am sure if i would have a sl of 100 pips i could short it now. Its at todays r1 but no spike. I like a top to be a spike. but i hate these draw-downs so i just wait and don't lose money.

Two trendlines, ultimate reward

shorting upward channel utl not a really good idea. i wait for confirmation on lower tf.

Two trendlines, ultimate reward

closed both. bad rejection.

Longshot_nl's confluence system

my entry seems to be the top of this 4h channel. image

Two trendlines, ultimate reward

expanding wedge broken... still waiting on a descent retrace to join the party. image

EUR/GBP - What a great pair to trade!

I am short eur yen and chf yen. both 23 fib + congestion.

Longshot_nl's confluence system

chfjpy perhaps first. image

Longshot_nl's confluence system

i look at the 23.6 fib for many jpy pairs. image

Longshot_nl's confluence system

a pennant should have a steep pole. yours does not have one. i would not call it a wedge yet either since price can keep going up. sorry

Longshot_nl's confluence system

entry got triggered.. my target is the yellow line on the weekly chart which is 450 pips or so.. others may fight about if it is a H&S or a wedge. image

Two trendlines, ultimate reward

i closed my long on friday for 0 pips because i am afraid for gaps against me on Monday so would give me crappy weekend. Would have had pips now though.. now i am waiting for a new opportunity.

EUR/GBP - What a great pair to trade!

i go try a short here if there is confluence. otherwise i move my short up. image

EUR/GBP - What a great pair to trade!

yes but your lines get broken a lot. it is good for a bump though which already happened.

Two trendlines, ultimate reward