GBP/USD or EUR/JPY or.... Whatever's moving!!

This thing will wave as it makes its way down, so keep your stops away from the action. Below is an example of what it could actually do.

how far do u think it will go down?

If the engulfing formation completes this would be part of a lower high and we would be looking at the green 4 Hr UTL as a target, However, if that green line is broken and tested, that would make the Daily UTL possible and put us in high cotton. This could be one of those long trending runs that we know this pair is capable of

I dont know, nobody knows, you just have to watch and learn.

159.72 medium term

If that come true Possible for new short entry after pullback. testing 5M 21sme and evening star.

runway trade,,,, is jy afr ? hoe lank is jy mee besig met die forex ? sien jys van SA

it is going back up again... hmmm

R-E-T-R-A-C-M-E-N-T

Nice ride so far. Ride her for all she's worth. I got a feeling there are a lot of pips here. Sell at bottoms and buy at tops. Pull your fibs, that was a 61.8 % retracement on the 5 min time frame. Now all we need to see is a break of 162.60 for a lower low.

If this trade keeps on being as smooth as it is now, I will not hesitate to leave my position on over the weekend. Be careful though, people will be closing up their positions for the holidays and we may see a selloff sometime around 11-12 EST

Shame its Friday morning. Here is another one. All we need is a break of the green line and the stop is at the red dotted line.

Hi, ja ek's Afrikaans. Laas jaar Mei begin so 1 jaar die maand. Groete

Heres another, E/U just broke long.

Thanks to all three of you for help with the pivots. I am all squared away now...was missing Tmac's indicators. (see post #281)

H1H1,

I'm surprised by the amount of trades that your system produces. With patience, one could really pick the best set-ups, and still have some leftovers! Thanks.

Thats the idea, we got to work together, that trade on GBP/CHF that KAKA08 called out netted 260 pips, but it has a 10 pip spread and I draw the line at 5. But you can trade what you want, nobody is twisting your arm to trade it. We can have so many choices, just choose which ones you like.

Jim

hard1head1

Could you please run over the entry requirements for your system, I have downloaded the template & the alert. I have various Pivots but nowhere do I see a full description of entry requirement.

Am I missing smething ?

Regards,

BabeFX

Absolutely. The best thing about a good system is having the ability to cherry pick the ideal setups and ignore the ones that just don't quite fit. No need to force it.

It's funny how you can pick up little things from many ideas on FF. I trade a different system than yours (Long timeframe like yours just different entry). But I have added the 89 smoothed lines that you use. They make a great rolling support and resistance indication. I set an alert when I am in a trade to notify me when the price gets close. This lets me watch how it reacts to the 89 smoothed lines. If it moves through, let it run. If it bounces off or stalls I will usually just move the stop closer to protect profits.

With all that said, just wanted to thank you for sharing your information. There will be many others who will benefit from you efforts.

hi guys ..