Breakout London Timeframe

What's your thought on UsdJpy?

Will it continue with Super big candle on down?

UsdCad

Will it make another lower?
I believer it will.
MA already show the point

Now we come to most traded pair in Fx: EURUSD.
From picture, it is clearly make way to up after hitting the week low.
So do you want to short it next week???

nice thread keep up Monokl

hi Saranga,

Thank you for your advice.
Green pips to you next week

thank u mate

Hi Monokl, I've actually been a member for many many years, but for some reason, my info wasn't showing up so I've just had to rejoin. However, it was worth the hassle, to compliment you on your thread. It's the first time I've seen a trader offering such open, and honest work; posting not just winning trades, but all the frustrating losses that are a part of the job. Many traders are lured by the "dream" but have no idea that the greatest part of becoming a trader, is learning HOW to lose with humility; and to study those charts above all else to determine where you made the mistake. There are times, that Mr Market simply throws an "ugly" and you can't find your fault, but they are few and far between. I think your thread is simple, to the point, and very very good for new traders. I wish you well and will follow your success with interest. Many green pips for your pocket, and a few red ones to keep you sharp.

is it similar to EurUsd?

how about your thought?

Waiting for break support

GU now has Daily support trendline from Oct 7th to Jan 11th with small H&S on Hr/15m. There is also a rather "wobbly" looking attempt at a H&S on the 4hr as well. With the US big event coming; perhaps brokers will "factor in" price according to their insights as to where the market will go when it settles...ie if they think it will drop, they'll push it up and other way around. Be careful around these big events.

Hi dragonexpert,

Thank you for your sharing!

one of my secret is:

LOVE TO LOSE MONEY

WHAT ARE YOU SAYING?

You have to accept the fact that you will SURELY lose money in trading Forex.

No argue!

Importantly is YOU need to get out of your losers quickly.

it is ok to lose small amount rather than hit your SL.

hi trublue,

so fantastic analysis.
i always want to integrated the fundamentals analysis.
Hope to hear from you.

as now, price clearly gap down for Asian sessions.
i have to wait confirmation direction on London sessions. If continue, then my short bias will automatically trigger

GU is my long entry just now around 1.2017
it is so wonderful to see so many rejection at that area.

do you trade inside bar method?
this method has been at forex factory for quite some time.
it is very useful method where sometimes use it.
i am not sure who found it and handsomely teach us in forexfactory.
but I really thank you to him/her very much for effortless contribution.

how about your thought?

Hi Monokl, I wish you well in this trade, however keep an eye out for the daily upward trendline that the Asian session gap has now dropped this pair below, creating a rather solid resistance area above it. Market seems quite extended the the moment, and I've "shorted" the AU for the second time today but it's struggling to get down further...we'll see.

London open.
what is the direction now?

looks like bear want to push price more.
Closely monitor.
remeber: LOVE TO LOSE MONEY

Hoping it will close the gap for today before US session, continue to the trend back.
yet, anything can happen in this 2 hours.

LET THE MARKET TELL YOU

Waiting patiently !!!

(quite boring)

Patience is the best virtue