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- mclosson replied Mar 22, 2015
Update I've now placed new trades (as identified above). My current positions are: EUR/GBP - short GBP/USD - short AUD/USD - short EUR/JPY - short USD/JPY - long
- mclosson replied Mar 22, 2015
EUR/GBP Outlook Long Term Bearish Short Term Currently in a short trade on this pair (from last week) Trading off previous resistance/range (0.7230 - 0.7300) image
- mclosson replied Mar 22, 2015
EUR/JPY Outlook Long Term Bearish Short Term Near previous horizontal support at 130.00 (nice round number!) Pushing up against bearish daily trendline Looking to go short image
- mclosson replied Mar 22, 2015
AUD/USD Outlook Long Term Bearish Short Term Currently within a previous resistance zone (ranging between Feb 13 - Mar 5) Bearish trendline was tested and rejected on Mar 18 and Mar 20 I'm looking to potentially go short with a stop up somewhere ...
- mclosson replied Mar 22, 2015
USD/JPY Outlook Long Term Bullish Short Term (daily) Currently near support on a Daily bullish trendline About 50 pips above recent support (horizontal trendline) I will potentially go long on this pair later today image
- mclosson replied Mar 22, 2015
GBP/USD Outlook Long Term Bearish Short Term (daily) Currently in a zone of previous resistance (between 1.4950 - 1.5030) If this pair is still in the above range later today, I'll likely put in a sell order image
- mclosson replied Mar 22, 2015
EUR/USD Outlook Long Term (weekly) Bearish Short Term (daily) Pushing up against previous resistance (between 1.1000 - 1.1100) I'm looking to potentially sell this pair, but want it to come up a bit closer to previous resistance before pulling the ...
- mclosson replied Sep 25, 2013
I'm now looking at USD/JPY on the hourly chart. There's some potential resistance around 99.13 that could stop a recent bullish move. At this point, I'm waiting to see if bearish price action occurs in the coming hours. USD/JPY currently looks to be ...
- mclosson replied Sep 25, 2013
The AUD/USD trade didn't work out - was stopped out. Unfortunately, support wasn't able to hold. It will be interesting to see if the previous support becomes resistance. At this point, though, I'll stay away from AUD/USD until it shows it's hand a ...
- mclosson replied Sep 24, 2013
The potential trade I was looking for with USD/CAD didn't materialize; price didn't retrace like I thought it might. I spent a bit of time this afternoon looking for other trades and found something with AUD/USD. AUD/USD I've placed a trade (long) ...
- mclosson replied Sep 23, 2013
Thanks pbylina!
- mclosson replied Sep 23, 2013
Thanks Muhammad. Yes, price action patterns/bars can be quite useful, especially when combined with horizontal support/resistance levels and trend lines. That said, I personally tend to keep it fairly simple in that I mainly look for bars with long ...
- mclosson replied Sep 22, 2013
Nothing much to update on at the moment. I don't have anything traded yet so my trade tracker isn't showing any stats. The main pair I'm watching for now is USD/CAD for a potential long trade. I still need to wait though until price comes down a bit ...
- mclosson replied May 16, 2012
Thanks Tyoon, I've still been trading with this method successfully over the past few weeks but had not had time to add new videos to this thread. I still plan to get back to doing it as a way to keep myself on track. Hopefully I'll have a new trade ...
- mclosson replied Apr 15, 2012
Recap of the last few days - missed a trade: Unfortunately I missed a good short on EURUSD (even though I was waiting for it in my last post). I was waiting for price to make its way up a bit further when it bit short early on my. Oh well... can't ...
- mclosson replied Apr 12, 2012
Well... looks like the Aussie didn't react like I thought it would; my trade was stopped out. I'll take another look tonight - EURUSD might be setting up for a short trade soon (maybe today, maybe tomorrow). image
- mclosson replied Apr 11, 2012
I closed out my long trade on the AUDCAD earlier this evening and have now gone short on AUDUSD. On the AUDUSD daily chart, price has pushed up into a resistance zone and is also approaching a longer term (weekly) bearish trendline. More details are ...
- mclosson replied Apr 11, 2012
I don't personally use a set number of pips profit as my deciding factor when moving a stop to break even or close to break even. If the trade moves in my direction I look for new minor areas or support or resistance made by retracements in my ...
- mclosson replied Apr 10, 2012
GBPUSD UPDATE Weekly: image This chart has me looking long in the higher timeframes. However, we're currently still in a bit of a messy ranging area between two major support/resistance zones. Looking at the short term is definitely necessary. ...
- mclosson replied Apr 10, 2012
AUDCAD UPDATE Weekly: image The monthly chart shows a long term bullish trend. I have two major bullish trendlines on this chart - one of which was originally drawn on the monthly chart. I've identified 4 major horizontal support/resistance zones ...