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Attachments: The Fibonacci channel projections (FCP)
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The Fibonacci channel projections (FCP)

EUR/AUD M5
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GBP/JPY M5
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EUR/USD M5 - Loss
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Quoting JiveTrader
EUR/USD M5 - Loss {image}
I drew the channel incorrectly. I should have hit TP1 and moved rest to BE.
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GBP/NZD - TP1 then SL-BE
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EUR/AUD M5 - TP1 then SL-BE
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Quoting JiveTrader
EUR/AUD M5 - TP1 then SL-BE {image}
Of course it goes on to hit TP2 after I am stopped at BE.
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NZD/JPY M15
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EUR/JPY M5 - Loss

Seysin - what are your thoughts on this one?

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Hi brother. Sorry for late answer. It was a matter of the magnitude of the downtrend correction, as you can see, this level limited this correction. For short term scalps, always consider these areas, they can act as S/R. My chart looks a little different, but it doesn't change the essence, I think you will understand.
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Quoting Seysin32
Hi brother. Sorry for late answer. It was a matter of the magnitude of the downtrend correction, as you can see, this level limited this correction. For short term scalps, always consider these areas, they can act as S/R. My chart looks a little different, but it doesn't change the essence, I think you will understand. {image}
Awesome. Thanks!
Quoting JiveTrader
{quote}...
You will understand what I mean
Today:
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Quoting JiveTrader
{quote}...
Another living example today. I think this will be enough to answer your question.
EUR/USD scalp:
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Hey Seysin,

Please let me know your thoughts on this one. I got in too early apparently.

Got in here.
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Should have waited for here:
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Quoting JiveTrader
Hey Seysin, Please let me know your thoughts on this one. I got in too early apparently. Got in here. {image} Should have waited for here: {image}
You answered your own question...
pay attention to the small chart m15 (inside bar and followed by bearish engulfing):
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Not bad for the scalp.
Looking at this setup, I see that the reaction to the news was known in advance.
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EUR/USD
simple scalp
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