High Probabilty Trading

18:07 USD/CAD opened on 0.99672 SL 0.99720 SL 11 pips.

Edit 18:34 sorry SL is on 0.99572 of course...

I owe You USD/CAD chart

http://1.bp.blogspot.com/-gO7Fn6I-eV...w/s400/cad.JPG

SL -11 pips

Opened EUR/JPY

http://3.bp.blogspot.com/-zQ7zZ0xAD3.../s400/ejek.JPG

Open 103.452 SL 103.554 SL 10pips


Double top. 2 wave absolut max correction.

Nice setup, I am with you !

Ps. Pozdrawiam kolege po fachu z Polski

Thnx tbh the more i see ppl say its good the more doubts i have

P.S: Pozdrawiam również

on your first entrys, what is your tp?the second entrys are long thernm trades.

I have no TP. I defend positions - depends on how fast market moves.

To make it simple - when it moves slow i just defend closer - because highs and lowas, and sell/buy signals on DT are more often.

But i have some rules what You can see on my Targets setups (again best on blog because there u have just 2-3posts per day and just edits - clear)

Analysis of EUR/JPY short transaction targets for You:

http://s1.pokazywarka.pl/i/916564/558071/ejek.jpg


First is minimum - 38,2 (but i can def it faster if 5min DT will give buy and again sell signal)

Second large blue level is level where i will def position if trend wont be fast (not fast trend - DT on 5min giving many signals)

Generaly short term positions should be closed fast to give profit and let long term one profit much, much more.
Its not working well in my situation - im letting short term work longer and long term shorter

thx,

look at gbd-usd. h 1.

SL 10pips. Seems trend was too rapid.

Probably i wll look for somthing 1 last time

Sell Stop on EUR/USD below 5min minimum.

Its open now.

Last position today.

I think anyway to end my day faster - on end of London.

Hmm sorry for my English

Another SL - 7,5pips.

Anyway today -27pips in 3 positions and +54in 1.

Tommorow i end day at 17:00 GMT..(because its Friday of course)

After yesterday end of US session and 3 lose transactions (and giving back half of GBP/JPY gain) i need fresh look on market.
Im after analysis and i see few things different.

EUR/USD


07:30 Situation:

http://2.bp.blogspot.com/-18Id4CMFwn.../s400/EDEK.JPG

We are after big down trend. What i see now is probably end of correction wave A, so now should be B wave down - and on that wave i will try to open position on bottom of this B wave.

http://3.bp.blogspot.com/-3oOMyY4LVs...0/edek+ana.JPG

It should be somewhere in blue level. This is Fibo retracement of wave A, and length of 2 and 4 correction waves of down trend (im looking for some analogy)

I'm still w8ing for some deeper corrections.

Only GBP/USD can begin new down trend - in rest pairs (AUD/USD, EUR/USD. GBP/JPY) i see only corrections now.

10:15 Possible GBP/USD short:

http://3.bp.blogspot.com/-Ftznb_anSN...s400/kabel.JPG

Double top (top of wave 4) and 61,8 of last down trend.

Im still waiting for some setups. If H1 DT will give sell signal on GBP/USD. EUR/USD or GBP/JPY for correction i will think about transaction.

But AUD/USD looks strongest. Others broke highs it didnt.

ok, we are waiting of a good entry!

14:50 EUR/USD Potential signal:

http://2.bp.blogspot.com/-Ecx4tnH7O3.../s400/EDEK.JPG

DT in sell zone - can give signal. Price is on double top (top of ceorrection wave 4) and on 61,8 of 1-5down trend.