Slow and steady using patience and discipline !

Got a bit spooked by the shorter time frame and closed yesterday for 35 odd pips, but could have held on for the 61% fib on the longer time frame and managed 20 more. Still, happy with my trade. Better not to be greedy and want the whole trip down...

Still following the script...move up...down to confluence and then a bounce up ?

touching pink line for the 4th time now...

Trendlines and fibs. These are 2 of my favourite things (oh my goodness...I think this is from a song from The sound of music !!?)

Anyhow...here is a fib bounce. 61% certainly seems to me to be one of the most robust resistance/fib lines. Always great to have that and something else to create a confluence....

And in case someone isn't convinced....

Chart says it all...

take 2

hitting top of channel again

not the best setup....

short taken

see graph.

Stop is real.
Capital mx is good - sort of inconsequential trade.

so..hopping on for the ride

following the script for now....
I reckon on Monday, if it does what is planned, and bounces off area of confluence, long's the way to go.

stop moved to breakeven...

Great job, John! I like your stuff keep it coming buddy!

Hi soso,

Thanks...didn't work out, but at least moved stop to breakeven...so stopped out for zip....

the GBPJPY trade did the expected (or rather planned) for a change, and I went long on Friday. Took profit at 50 pips. Should probably still be in with stop at b/e, but nice to end the week up.

Bounced off the confluence, but all a bit wild really.

Broken through top of channel.

Not a good setup really...

check the previous 61% fib bounce...

now look at the impending t/l and the 61% fib confluence...hmmmm