Agreed. Sometimes I think the MM create tasty looking setups to blind people like me to their real intentions. In fact I'm sure of it. That's why I always try for precice entries with tight stops.

M&W-Trading

Agreed, I was blinkered by my long entry - a common problem with me.

M&W-Trading

Thanks bstay. Yes EU H4 looked quite weak didn't it...must pay more attention.

M&W-Trading

UCAD has a good reason to fall now thanks to that CAD + USD trade balance news. Looks like it was positioned deliberately for a good fall. Not in time to save my EU long though.

M&W-Trading

If you feel that's a bad thing bstay then I'll quieten up. I think a bit of interaction is a good thing. You don't see much real-time thinking posted on these forums - mainly after the fact stuff. It can really help to develop an awareness of action ...

M&W-Trading

Daily range projection down at 1.3154. Will look for W there. I'm a bit disappointed with myself today - was so focussed on the W that I ignored the signs of weakness that should have got me into a nice short. Oh well.

M&W-Trading

OK, another chance for a perfect harmonic if we get a bounce at 1.32374. Will be watching carefully. This time UCAD might be on my side. No, the current W has had it as far as I'm concerned. UCAD breakout has been the problem. Will wait for another ...

M&W-Trading

Right, that's more like it. Lets have a nice M form here on USD/CAD. Nice H1/M15 stoch divergence too.

M&W-Trading

The bogeyman is coming to get me! Nope, it just wasn't to be this time. On to the next one....... I might still get in again if UCAD reacts nicely and the W is intact.

M&W-Trading

Thanks bstay, I'll keep an eye on them. USD/CAD looks a bit strong for my liking at the moment. It is testing the H1 range high though. In fact 3 days worth of highs. I'd feel much happier shorting from 1.0005 since this is the daily projection and ...

M&W-Trading

OK, targetting 1.3311 but will probably take it off at 1.33 or thereabouts.

M&W-Trading

Nice one bstay, keep it up.

M&W-Trading

OK, risking 12 on a long here 1.3252. EDIT: Survived so far by 0.2 pips! Don't look good though. EDIT: Had me worried there. I still don't like the fact that we managed to close below the 76.4% fib of the first leg.

M&W-Trading

Well you could and I might well do that in time but...... I'm referring to the formation of the current W. I'm just saying if it turns up at the 1.3254 area (lots of confluence there too) it will create an accurate bearish BAT formation in the ...

M&W-Trading

A turn up around 1.3254 would be setting up for a nice M15 bearish BAT formation with a completion around 1.3312 - setting up for a fall from the current highs. This would also coincide with YOpen, the 61.8% retrace of yesterday's bar, a market ...

M&W-Trading

Morning all. This is one I'm watching. The 1.618 extension of this long pullback is enough to get us to the daily range high at 1.3369.

M&W-Trading

Thanks FX-Trader.

M&W-Trading

Great stuff bstay, thanks for sharing.

M&W-Trading

Thanks for getting back to me hart. Glad we're thinking along the same lines. I'm afraid I completely missed the big move up - the reason I exited where I did. Just all happened too soon. These market makers really make it hard sometimes. I wish I ...

M&W-Trading

Ahhh, good stuff bstay, thanks.

M&W-Trading