High Probabilty Trading

16:00 Interesting situation on USD/CAD.

http://3.bp.blogspot.com/-ZbnVPfgiAv...Q/s400/cad.JPG

1h up trend is 5 waves on 15minutes chart. Its now on 78,6 of last down move and its 78,6 of waves 1 and 3.
If it gives short signal on this level i will short it.

18:15 Long on GBP/USD


All signals are valid. 1.56730 SL 1.56640

i am in gbp at 15669 but my stop is bigger then yours slowly i will try to follow you

I dont see any good setups. Only 1 potential trade is GBP/JPY if it will go down.

Today i see 2 potential setups.


AUD/USD:

http://2.bp.blogspot.com/-jpK7X61cEb...E/s400/aud.JPG

There was a wave down 1. Now we have correction of this wave.


On 15minute chart its ABC correction:

http://2.bp.blogspot.com/-I67ziyUBu4...400/aud+15.JPG

It can go to blue level. Its 78,6 of wave 1 and 100% of wave A projection.

GBP/USD


Similar situation to AUD/USD


ABC correction of last move down.


And there can be really big move down.

http://2.bp.blogspot.com/-S89Zs1gjR5...400/kabel1.JPG

morning,
you are short on this 2 pairs?

No. I can be if price reach blue marked levels and DT will give me sell signals. Now its just analysis of potential reversal point.

ok,
we are waiting today.

Good analysis. I am also watching the GBPUSD. Will sell the breakout of LONdon Open.

good morning all

On GBP/USD there is another level of reverse. Its about 7 - 15 pips higher than last high.

Anyway H1 DT is still far from giving sell signal.

ok no trade this time.

Now it is in this level. But i will wait for signal.

Now im waiting for another move up and on this move i will look for enter.

ok please tell us when you make a trade!

Im still waiting for signal. Another lvl is broken - next lvl is 161,8 of wave A and 78,6 of last move down.

http://2.bp.blogspot.com/-n2kRXuSJ5S...s400/kabel.JPG

2 levels are broken - i will wait for position somewhere last level. H1 DT still didnt give signal.

11:50 There is potential trade on GBP/JPY too. Its now in wave 5. On strong S/R level and 5 = 1 now.

Im still waiting and i will take probably 2 trades - GBP/JPY or GBP/USD or AUD/USD.

AUD/USD didnt breake night high so it looks strongest.