GU approaching the 2019 high at 1.3514 which also coincides with this pivot cluster. Gonna look for signs of reversal around here.

Thanks, that's good stuff. I have also been trading based on price action, mostly fx and on M5 and M1. Now I am focusing more on Dax and I must say I like the price action it gives. Long and steady swings and it is very forgiving for late ...

Impressive that you're able to keep your stops smaller than 8 pips on such a wild beast as the Dax. How do you manage such entries? Do you enter on a push or do you enter on a pullback?

Nice thread. This kind of shorter time frame trading is my style as well. GU gave several good entries from breakout failures and continuations today.

It's only 22 pips, but with some lots it was a decent trade. Yeah, I mostly scalp. I do in a way swing trade also, but I prefer to enter several times during a swing scalping-style. Holding positions for longer can pay off for sure. But most people ...

I did take this Akim-style entry off the PP, lower-BB and LWMA low, but I closed it at the 50 EMA.

Finally a H4 close below 6583. I was suspecting that it might go up to the resistance area at 6605-6615 to test the H4 mid-bb and 50EMA, but it is behaving better now

I am waiting for the H4 to close on GU. Expecting a decent retrace on the next H4 candle

Still struggling with 6583. But looks good still

Yeah, I also like NZDUSD short. As long as it clears the DPP at 6583 it looks good to 6550 and below.

That's a good RRE entry from H4, H1 and m15. It is good that it reached the H4 50EMA, H1 50EMA and the D1 mid-LWMA at the same time. But remember the mandatory TP for these extreme entries

The H4 highs and lows are horizontal line representations of the LWMA high and low from the H4 time frame.

Open, high, low, close.

Congrats with you 2000th post mate

Well, when you say trend you must realize that that is relative right? You cannot make a blanket statement that the trend is bearish. Sure the market is trending down on the H4 chart. But how about the weekly chart? You should check out Akim's ...

Yeah, I agree. If somebody does not use a SL, but has the disipline to exit the trade when proven wrong, and enters in the new direction, I think they would have few issues with teading without a SL. However, most people who don't use a SL will add ...

Brexit news is interfering again. The negotiations between the UK and EU have gone sour and the British negotiators are preparing the public on a no-deal.

Wow, 200-pip golden whip. That's gonna hurt Was hoping for price to dip deeper for a long trade, but I guess not.

hehe yap it's the night train

Yeah, the numbers do not matter much now, other fundamentals are more important. Having said that, these numbers are insane actually compared to normal times. The actual employment change is 1.8 million (!) better than expected, and the rate is 1.3% ...