trade forex for a while just using BB indicator..hv a nice trade all..

Short from 1.1806..but not so sure since daily candle still inside ichimoku cloud..hope can get to 1.1710 tomorrow..

If this week we have Bearish candle then I'll sell it next week ..

If we put fibo (low : 1.016 ,high : 1.062) , 1.035 - 1.04 is at fib. 50 - 61.8%..so there's still about 100 pips opportunity in shorting this pair ..But looking at the long tail from daily yesterday ..might be safe to short with sl just a few pips ...

Hi Ramjet , Looks like USDCAD still have room to go to EMA 20 on Daily ..i'd prefer to wait either price back to down trend or really reverse and the uptrend more clear.

Been trade using daily too..almost the same with your method but i enter market at first candle that goin' back to trend after a pullback ( as long as it still close above EMA 20)..Nice thread

The old pattern here..one start a good thread then soon some follow the strategy & other "attack" him ..salute for fx-pro hope u just continue this thread and other that follow this strategy can get better & better..Strategy just a tools..success or ...

Bear got tired after 1 month kicking all the bulls ? looking for a pull back to 1.03 - 1.045..

Thanks a lot Petras ..got it now..will try to add this to my system and post my trade next..

Those in the pink area ..usually hit my sl when those up & down appear ..that's what make me prefer tf h1 minimal at the moment..Thanks a lot Petras

Nice system Petras ..but like other strategy with low TF such 5m..if you don't mind i'd like to know how you handle the whipsaw like GU yesterday (8/15) at UK & US session ? Thanks a lot..

That's what i thought about using volume in Forex trading..it's different with stock market ..we really never know the exact volume on forex..

Better watch how it react first after the news till it really show direction..other wise it's so easy to lose money from stop hunt or the fact that the news already priced in..

Consolidation zone = No Trend = No trade ?

Couldn't agree more..just sideways maybe till next monday..

Just when the news is bad (GBP mfg prod) and most thinking to go short..market just do the opposite and it start goin' north ?

MA is not repaint but it's a Lagging indicator..mostly just use to identify trend ..

Thanks for the confirmation ..used to call that bar previous IB as the Mother bar..i use only h4/daily for IB & OB breakout..Great thread anyway..

Any reason not having buy stop order as opposite to your sell order ? i thought when thre's IB then price can breakout above or below..Many thanks enoc2g..

Market afraid that Japan might prepare for join intervention at G 7 mtg ? as strong yen really hurt them..