If it goes straight to the next level (1.0920) we may have a short play to 0840

I'll wait for intraday close above 1.0840 to consider longs.

The market stalled aand I killed the trade for a 10 pips profit. Looks like the market is gonna stay in this 60-70 pips range til London open tomorrow. If you are trading the Asian sesssion, I think you have a good opportunity to squeeze some pips ...

By the slope of the last retrace(or the absence of any) this may go in waterfall mode to 1.07 if we break the current lows. I am tempted to hold this trade.

Just took a long . Target 1.0980

Lately I've been trying to spot such less random areas or sweet spots, or loopholes whatever you wanna call it. No indicators, just observing the price and how a certain level has reacted to it before and decide if it is weak and trade between such ...

Excellent thread, keep it up! I also think we'll see swings either direction, we are in the midst of a liquidity crisis and volatility is high. The Fed has been interveening in the Repo market as lender of last resort since last October(which is ...

Thank you for the detailed explanation! Could you say how you manage the risk. I mean, do you risk certain amount of money per trade or just keep the same lot size? Obviously you take into account the possibility for X number of losses before the ...

Thank you 60 for the wonderful video! Here's an example from a few weeks ago and I would like to know if the trades are shown right according to this method. I've picked a week with a very choppy PA to show that even in such adverse conditions this ...

I am still in the trade from last night, I hope this sucker finally makes me some pips

Just look at the chart 60 has posted. You get a bullish bar in a downmove so you assume this is the bottom and you place a pending long above that bar (at least 5 pips otherwise in cases like this you get whipped). The next bar is bearish, price is ...

Thanks for the quick reply! I will consider it. Not the best day for GBPUSD, the LO bar whipped up and down making simultaneously new H&L and stopped me out just to set up another long trade. Pending order above the bullish bar, SL is a little ...

Hello 60, I've been reading through your threads lately. Very good work! Simple, concise and logical approach, the way it should be. I am tempted to join your group, however I'm afraid I won't have that much free time to follow the market all day. I ...

I think we should take a seat and watch the Greek drama unfold this weekend. If they don't get a deal or some sort of agreement market could easily gap down 100 pips on Monday and put the beginning of the next major leg south. If they do get a deal ...

Thank you for your reply! Yes, I'm trying to stay away from microtrading and smaller TF. I see what you mean. Basically, you mark your levels on the chart and watch the PA when P gets there Here is another chart I wanna see if I got it right. ...

This is a bit off topic. Could anyone tell me how to draw objects and insert text on Oanda chart? There were posted Oanda charts wit boxes, arrows and other stuff drawn on them. Thanks in advance! ponchofx

Hi Simoneg, I like your methodfor its simplicity.I have a few questions if you don't mind. Do you take set ups during slow hours or only when the market is active? You seem to prefer JPY pairs for this method but I guess anypair with enough ...

Thanks for your reply! By no means I suggest touch trading these levels. I would rather watch PA on smaller TF and then initiate a trade. I've noticed though that sometimes price reacts to the pip at those levels and then reverses for a few hundred ...

SP, I meant to ask you, Do you trade the M and the Yearly open price?

OK, thanks for the prompt reply! This is a proof that your method is solid. You've been trading it for extended period of time with changing market dynamics and it has stood the test of time.