Well, me too. Especially when it is higher or equal H1 time frame.

Could you explain where and why you opened this short on the H4? Did you have a pending order or do you watch the market at a H4 cycle?

It was a good choice to close the EJ but my UJ got stopped out at the pip. I was up 1% on the week and now ending -0,5%: image

I closed my EJ in two steps. First 2/3 and later the rest of the position: image UJ shot up today. I adjusted my first stop to above the daily high of yesterday. Well, it was again my half percent risk rule. Emotions ... :-( Anyway UJ came back ...

Shorted UJ Weekly: Price touched weekly resistance (yesterday) image Daily: image Yesterday's shooting star was confirmed today. I do not know why I missed that shooting star yesterday. Maybe not yet finished when going to bed. Anyway I hope I ...

Well, I bet you all know, USDCAD on the run: image

Well, EU got stopped out at BE: image A disadvantage of this waiting is I did not "see" the turnaround.

I have a demo trade on USDCAD. I was looking at the weekly and saw this BuLBC Weekly. Well, not quite a sell signal. But it reached what I thought to be a resistance level, denoted by the arrows: image So I looked at the daily and saw this ...

Thanks for explaining Winston. Very much appreciated!

EURJPY This was the daily before opening a position: I try to use other 'knowledge' in deciding whether or not to open a trade. Reasoning on this one: Price is in weekly support Price is making a bottom in approximately the same area for the third ...

EURJPY This was the daily before opening a position: image I try to use other 'knowledge' in deciding whether or not to open a trade. Reasoning on this one: Price is in weekly support Price is making a bottom in approximately the same area for the ...

EURAUD This one is not my favorite pair. Again a loser. I was so tempted to short this one. Maybe because of the 'shooting star' daily candle (060516), although it close bullish. Now I think it is too small in regard to the up move which preceded ...

EURUSD: Last Friday my EU position was stopped out (for a profit). I opened a new position later because of nothing basically changed in the direction I'ld want to have a position. I do not have this one on my demo account so I'll post this one from ...

As I sad earlier there was a choice EU or GU. I did GU on demo only: image Stop is at BE. I do not like the wicks below the candles. H4 is 'flat' for about 8 candles now.

image I have lowered my stop on basis of H4 candles. I did this one live also.

Yesterday evening I have chosen to short the EU (other option for me was GU): image During the day several times I was tempted to close the trade because of lacking momentum after such a huge drop. Instead of that I lowered my stop from 1.1626 ...

What is your risk appetite? If you want to risk lets say 1% of your account and if you think all trades will result in a profit / loss you could choose to put all your money on the best set up. Or you could divide the risk of this 1% over the set ...

Analyzing GBPUSD: Weekly, two bars strong move up running into W resistance image Daily: 5 to 6 overlapping candles, losing upwards momentum, no sell signal on the daily image H4: Sell signal at the close of the large bearish engulfing image ...

Hi haikanoz, Do you think we could have done better in our analysis? Or was this just bad luck because of the news? Does news matter at all? Do you agree with my evaluation? Thanks, FP

Well, let me try to evaluate this trade. Emotions are gone. Well are they??? 199 more trades like this and over and out. Last week was a huge weekly bar. Who is in control FP? The bulls aren't they? EurAud is moving north like a freight train. Don't ...