Trade what you see and follow the market!

Hi Folks.

Everytime I find a good setup I will post it here and we will discuss the trade setup.

I have been trading forex since 2009, so I know how the market works.

I have been one of the FF trolls looking for the Holy grail indicator etc. trust me, the indicators don't work.

I have blown over 20 account because of the indicators...

Remember to trade clever and trade only the best setups. Overtrading will eat your profit!

Trade what you see and follow the market!

First of all lets look at some charts.

AUDUSD short setup. There are a good chance that this trade will be triggered on Monday. If it breaks to the downside. Follow the marked and enter a short.


Next will be EURUSD short setup. A break to the downside of the trendline will trigger a short entry and the target will be around 1.1090 on the next trendline.

Trade taken AUDCAD long. Looking for 3:1 RR.

EURUSD short entered. Looking for 3R.

AUDCAD closed -8 pips. Entered a short entry on AUDUSD.

USDJPY have a valid short entry now.

GBPUSD short opportunity after the candle close. I will not take this trade because i'm in USDJPY (+3pips) , EURUSD (+5.4) and AUDUSD (+1pip) short. I have total of 1% risk atm. As soon as I set SL BE I will look for more trades.

I am with you on USD/JPY Short call, but not so sure about AUD/USD or EUR/USD short

New valid short entry. AUDJPY. As always looking for 3R.

Remember to keep it simple. Risk only 1% maximum with a small account.

Follow the market.

Cut losses early and let the winners run.. Don't try to force the market in your favor, you will lose.

CADJPY: This pair will most likely be a good trade if it breaks. I have seen many "touches" on the trendline. The main trend is downtrend. CAD have had a correction. Need to keep an eye on the Oil-price also. If the price breaks to the downside go short. If the price break to the upside go long.

Daily The picture is on daily timeframe to the a bigger picture.



4 hour

Update on the USDJPY trade: The price have stalled at the next trendline. Keep in mind that the price can correct all the way up to the bearish trendline at 110.00.

A break of the below trendline will trigger a new valid short entry. Also keep in mind that the USD have been strong lately, so follow the market. A break to the upside will trigger a long entry.

You can see the earlier breakouts. The rally to the downside have been crazy. If the price break the TL I think we will see the same move.

Hi Mr.E

I am longing CADJPY. Following the short term trendline. This is a shorter term trade. Paying attention to the longer term trendline you marked on your chart.

E-man, are you following the ball ;-)



Interesting market ahead. I am biasing towards a bearish GBP sentiment. Your thoughts?

Not taking any actions in this directions yet, still divergences are popping up on the charts. Below is GBPAUD:



The same is occuring with EURGBP, GBPAUD, GBPCAD, GBPCHF and GBPNZD.

The GBP will most likely get a bearish correction after the Brexit poll. So will keep an eye at GBP close to the vote 23. june.

AUD have been weak over a long time periode now, and I think we will see a bullish correction. GBP will most likely be the best alternativ to trade against.

As the charts are showing divergence on the GBPAUD, I still need the confimation on a breakout to the downside.

Yup, stick to the rules. They are your road map to follow. No need to rush any decision. Enough time and pips out there.

Currently, the three commodity currencies that I follow (CAD, NZD, AUD) are looking promising. My bet is buying these, EUR looks weak in my books.

Best of luck

A good chance for a correction on the AUD and the EUR looks very weak!

EURAUD short

What will happend with the dollar now? Take a look at the dollar index. It's on the top of the channel. Break on the upside = more strength, retrace will weaken the dollar.

Good morning

Shorting GBPAUD, EURAUD is also decent choice.

The GBPAUD trade, I will close half the position at the trendline. If break of it confirmed, will add to the trade.

Follow you on this. Important levels ahead.

Below are the AUDUSD chart, still open signals though. Gut feeling based on charts are that the USD will suffer a bearish correction. Still too early to make a move though.

Yes, as you can see the price have moved up, but I have drawn a different trendline. I need my confirmation when it crosses that line. Until it does, its only downtrend.



I draw from top pin to top pin, so I don't get those false breakouts.

GBPUSD trading idea

A breakout to the upside will trigger a long signal. The trend have been bullish for couple months, so its natural to go long on this one. The best setup would be if we get the price to move inside the right corner before it breaks. But keep in mind that GBP have rallied very strong then the price have broken the trendlines.