Depending upon this bar closure, there might be a short trade setup.

I couldn't agree more with you. A nice polite but to the point post.

Maybe another sell signal coming up at A.

Taking advantage of being in the Asian time zone. i have gone long at 1.5788. SL 1.5774

The market is in a tightish range. No real direction, lots of sharp sudden moves. I will call it a day now. Its been a good week for me. My patience for a good setup is increasing by the day. Although overall my account is still in negative ...

Hi Catalin, I bet you never thought your version of Schiff would arouse such debate.

I think old age is catching up on me. I keep on either posting the wrong chart or hitting the submit key without uploading the chart.

The UPL of the red fork has contained price quite nicely. It has been tested twice and if it holds another test during the Asian session then we might see a nice sell tomorrow. Ofcourse price failed to reach the blue the medianline also. Lets wait ...

This article is by Tim Morge.It might shed some light on the origins of Fib numbers. They are one of the most popular tools in all of trading. Do the numbers 38.2, 61.8, 1.272 and 1.618 ring a bell? The trading community refers to these numbers as ...

Entry invalidated by the bar closing above the UML of the red fork. That closure does not suggest weakness. So no trade.

Ahhhh...Eres un caballero verdadero....one could quite easily deduce about your proper upbringing by your gentlemanly conduct and polite nature. It will be my pleasure to explain what little i know and to learn from you also. Pero esta fin de semana ...

Very sound advice emda. Most inexperienced traders see huge leverage as a blessing, but we know from bitter experience that it is anything but a blessing. btw. you are now a forker. Welcome to a leading tool.

I think price is storing energy after few days of strong up moves. I might be interested in shorting it gain ig it meets my criteria.

I was hoping for the LML of the blue fork but price has stalled so i took 21 pips and i think i will call it a day. Lets see.

So much for buying....sold 1.5811 stop at 25 and hoping for the LML of the blue fork. Edit: With news release in just over 30 minutes, i am now working a stoploss at +3 at 08 if not stopped out i will close it 15 mins before the news release. Sl ...

Sorry, wrong chart above.

Today i was determined to work on my short bias. At every move i drew and redrew an upsloping fork. I got a reasonably nice trade this morning for 30 pips. It might not be much but it was obtained with a risk of only 10 pips.Ofcourse i did miss an ...

I closed the above trade because we might test the highs before we go down...if we go down at all.

Sold for a quick scalp at 1.5812. SL was only 10 pips. I am hoping to ride it to 38% retracement of yesterdays high/low at around 1.5756. Sl now breakeven. Edit: Profit taken at 82.. +30

Price has failed to reach the median line. Lets see if we get a valid sell signal. Alternatively it might pause here a bit and then go higher.