DislikedEvaluator,
I would like to know if you thought that this was a good entry on the GBPJPY. I ask because when it entered the trade it seemed to be loosing steam but at the same token I wanted to leave what I have learned so far from you on the system to work for itself. So, would you enter this trade...why or why not?
See attachment.
Thanks.Ignored
jtzieg,
Great try jtzieg! You are very close but need just to fine tune your trendlines that should help you. I would use the first pull back in the rally as the second point to draw my price action trendline. I would also tighten up my OBV trendline as well that would have made you enter the price action a few bars early putting one in profit at this point. (see my edit of your screenshot)
If that is still causing you problems then download the http://www.forexfactory.com/images/attach/tpl.gif strengthanalysisforextrading template.tpl (1.5 KB, 236 views) from post#1 and look for crosses to assist you.
Evaluator.:nerd: