Hi Petar, I'm trying to understand your logic on this EURUSD trade. You are saying that because price already break above the trend line with little volume therefore you expect little resistance for price to go up even higher? Thanks!

Hi Petar, I'm with you on EUR/USD let's see how it goes! Cheers

Very good advise Petar. Thanks! Have a good weekend everybody!

@Dedas: it was a nice trade. I banked in 170 pips on short eur/usd. I moved my TP as I found out that was the target using fib expansion 1.3540. As it turned out bugger keep going down to my original TP lol @Petar: what do you think about AUD/USD 4h ...

Currently I'm learning to trade using similar technique with Petar. The difference is the he uses volume and I don't, because my trading platform doesn't have it. I too using channel to trade but combine it with stochastic. I was a bit lucky to ...

Hi Petar, Thank you for reminding us all that we dont need many complicated indicators to be successful in trading. I have read from the first post and could not find any explanation on how you set SL and TP. Somebody mentioned you use previous ...

Hi Watson, Hope u took that trade for a quick profit on shorter TF. As of now there is a potential 3 taps setup forming on AUD/USD 4h but need to wait for RSI to change direction to the upside. Another thing to watch out is AUD/USD is also forming a ...

No apologize needed LG, I was in the trade before your post I post similar chart as yours at post #1763 Keep on posting possible trade setup!

I was liberal with my stop ... lost 81 pips on this trade but the lot size is smaller than usual

Possible short (second chance) entry point on EUR/USD, 4h at 7:30 EDT

How to trade BO ? — Guys please share your way of trading BO strategy. Do you set limit order say x pips above resistance line (for break out upward)? What is the acceptable x pips amount to get good % confirmation on BO? I had tried 5 and 10 ...

LG, thanks for your kind words. To be honest 3taps was not the only reason why I entered the trade. There were three reasons: 1. Trend line (medium TF from days before) 2. Price bounced off fibo 50% (I entered near fibo 61% and put SL just below ...

Yes, I managed to profit 76 pips out of this trade.

I was in the trade for 6 or so hours. EUR/USD spiked up just before US economic data. I was concerned about the news and decided to move my SL to BE+ and fortunately it spiked up and took out my TP instead of my SL Luck? maybe ... It was either tiny ...

EUR/USD 4h setup hit my TP, 76pips profit Thanks LG for sharing this system!

EUR/USD 4h — EUR/USD 4h around 3:15 EDT looks good for long position. Entered on 1.4043 hope I got this right.

Xaron, Thank you for your reply. I notice that you closed your AUD/USD position. Technically speaking it is already break .9200 and now on the way to break .9300. Shouldn't you move the grid up instead? Is it because your view of AUD/USD direction ...

Hi Xaron, I have following your thread since november and I simply amazed by your result. One thing that puzzle me about your long position on USD/JPY. The pair is on a downtrend right now and only the last 2 days that it shows sign of reversal. ...