Smart man.

I was thinking that might be good buy, but level didn't hold, may be good to buy around 50% fib, 00 area of 1.6500 - reconnect tl over there perhaps?

L shape around 11:20pm, about 8pip candle burst. 5-7 pips available on this one. Not very perfect conditions as things got slightly volatile few minutes before and candle wasn't 10pips but 1:1 rrr was there.

Yeah, i saw it turn around at that level

Nice price action tonight as EU made good breakout of channel right at around 11:05pm PST right prior to london open and GU was dropping too. Scalped 20pips using L technique with 5pip stop. I've noticed very many times at around 11pm there is ...

no, i am using ninjatrader with them

I've been with them for a week and they are terrible. Their system slippage is terrible. Prices reaches my limit orders and goes above it, limit does not get triggered, i've been with worst bucket shops that have faster execution than this. I'm ...

GBPCHF Short — GBPCHF broke out of support and cluster area. According to the chart attached, I'm thinking since 1.66828 was immediately tested for resistance, then a safer trade would be to short 1.6740 level which it hasn't tested yet?

yeah, the 88.20 level held yesterday for few hours, about 20 pips available but then got shattered easily. yen is too strong right now. thought there would be bigger bounce of either 87.00 area or 88.00 but no. looks like 30 or so pips were ...

Was away from charts for an hour and came back to see that!! Yesterday it crashed 88.00 level, now it shattered 87. wow

88.13- I see what you mean,very strong untested level. I overlooked it entirely.

The price is right at this level currently, in fact it seems that it retraced for 20pips or so from .9322 and no additional selling pressure I can observe at the moment. I don't think its much of a resistance anymore at least it seems to me.There is ...

Great thread, wmd!! Many thanks. Thinking of this some more, 1.5000 is the right level to buy off. Keep an eye out for short on EU 1.5275 area. Will see what market does when it gets there. Possible short of untested resistance on UJ at 88.18 level. ...

That was nice, I happened to catch that. I Need to go get a life and trade mainly london instead of staring at screen 24/7 but chart time is valuable.

I am setting up NinjaTrader this week to trade with ecn PFGBest broker. Low spreads but $10commission per 1 standard lot on ninja trader. Ninja trader is the only other option i know of to trade 5 sec charts besides Oanda. I'll keep posted on my ...

hey , 5pip risk for 20pip profit is not bad, once you get it dialed in, you can go with quite few lots,,5pip risk is tiny...makes it worth it to wait in middle of night

Not possible with Oanda but with NinjaTrader yes.

Definitely not an easy task, i finally got my hours figured out for next couple weeks so I can stay up at night and watch the action on 5sec to trade this method.

Great work,Tony!!!

Waiting AY — Waiting on AUDJPY short 88.00 level.hasn't been there in a year. 00 61.8fib