S&R short term bounces

Excellent level coming up on EU

I agree ... but noting

1. its the 3rd back
2. it (might) usually test the high of the last resistance bar (printed before breaking the level)
   1. but not enough data to make this conclusion
   2. and the marked bar really isn't what I consider significant (but noting it for posterity).
   3. and as noted already tested the level - so it maybe less likely to happen.

Edit: Ben also speaks in about 8 hours so.... that could just make this one to avoid.

I'm locked in for this. My limit order will expire before US open. GL!

Now that's just common sense and I won't have to stay up past my bed time

Hit nicely...

Same level as earlier in the week, ripe for another bounce.

Not the cleanest but I'll be longing here.

Also eye balling...

Splat not boom!
Ouch. -0.5R (but quickly).

It does look like a textbook H&S forming though. No PA but I'd (almost) place money on a bounce around that last swing low.

eurusd:


euraud:


audusd:

EURUSD +1.625R (+13 pips)

Nice trade.

Thanks Sam. It was much better than Fridays effort - my stop was way to tight.

I think we can squeeze some higher R out of these trades than Findus has been (but his strike rate even with the 0.5R return was/is amazing - Findus what happened to you?). I'm going to do some more testing - finally found the time to get the dukascopy data into a format I can test from now I just need to write the charting tools - for nothing to fancy that won't take long (I really should just buy FX testers )

Certainly, some of them...when they hit, really go.

EU

Something I've noticed. Have several charts for EURUSD with this over the last couple of months with this observation.
(see the white annotation to the 'Deep Pink' line).

Narrowly avoided a stopout for a winner.

EU level to watch

A bit of drawdown but we got there.

Next one up