A few guys here seem to be underwater on the UJ. If so, this chart should give you cause for optimism. If the SP500 can hold the S100 level and slice through the other support levels to the weekly pivot, then UJ longs are back in business. If the ...

  Regrets I've had a few...lol   I can see the reluctance as it was a strong down day but it seemed like a bit of a textbook set-up with great risk/reward so I'm surprised you didn't take it.  

Seemed like a textbook short for NZDUSD on H1 but the only thing holding me back was the time. European traders had all gone home and New Zealand traders hadn't even woken up yet so I skipped. It turned into a nice move though. Anyone ever take ...

GBPCAD - let's see if we can get to yesterday's high.

How about this for a cheeky scalp on GBPUSD? Seemed high probability and reasonably good r:r ratio. Just closed at the DP.

USDCAD looking a strong sell now on the hourly chart, but too close to support and too late in the day perhaps.  

GBPCAD seems ready to go up, and also USDCAD:    

Textbook EURGBP trade. Rejection off the DP, DO, MA800, and weekly S1.

The daily charts over at fxstreet are more reliable than most MT4 charts and show the EMA200 at 1.2867. Still a way to go. I read a news report that the 200 DMA was at 1.2835 and this would provide resistance.

Here we take profit and think about a possible move up?

This is a definite sell? 8 pip stop?

Please comment on this set up. It would have resulted in a 6 pip stop out if you'd placed the stop just above the candle high but the price would have then gone in the direction of the trade.

But does anyone have that much patience?

Days like today are difficult. Every time you think it's breaking down, price bounces off the next fib level.

You often get this kind of a set-up the day after a trending day.

Price was just sitting in the middle of the pre-London range. Take a look what would have happened if you'd traded the same candle on EURAUD instead, which had broken out of the pre-London range and was trending up.

Do you trade a break above the 10ema or do you leave a limit order and wait for a pullback to the 10ema? Also do you wait for price to close above/below the 10ema? Looking at live price action, do you have a limit order sitting above the 10ema like ...

Textbook short on E/U. Needs to clear a bit more support before confirmation. Also late Friday is not the best time to trade.

Here's an example of the significance of the daily pivot in the past two trading sessions.

Anyone brave enough to take this CT? I'm not going to myself but I'm trying to get into CT trading. What do you think of my analysis?