Yes, looks like valid H&S. There was an entry using hidden div on 5M around the 1.2285 area, unfortunately I was not near the PC. However, the major TL is broken only now, we will see if we have a retracement to it and a pullback entry. Here's the ...

Effective 5M intraday trading

SL hit

Effective 5M intraday trading

Andy, I'm glad you find this system useful! I'll be glad if you join in and start participating. I know that 9 EMA is widely used both on Stock markets and Forex. As the matter of fact here's another picture showing the application of so-called ...

Effective 5M intraday trading

Correct! I went in a little early according to 2B pattern Ep 1.2300 (got filled 1.2297) SL 1.2310 TP 1.2270 Regards, snu.

Effective 5M intraday trading

Good morning! Here's Higher TF charts: Both 30M and 1H look quite bullish, but price has been consolidating for past few hours, it looks like there is retracement under way. Regards, snu

Effective 5M intraday trading

GJ, had exact same trade and now I'm out with +30!

Effective 5M intraday trading

Market phases (educational) — Here's the pic I made myself with market phases as described on marketgauge. Plz study this, i hope you will find this useful. These are widely used on stock markets to define market sentiment, however i find them ...

Effective 5M intraday trading

Let, I find fib extensions to work well. But, overall, exit strategy is somewhat subjective. Once you're determined with your direction, use last retracement move as reference points for fib drawing. The least price does most of the time is 138.2% ...

Effective 5M intraday trading

EU trade and my thoughts — Here's what I saw regarding current EU situation. 1. There was a double-bottom setup and first entry possibility (early entry) was at the neckline break around 1.2212. I entered and got stopped out at BE. 2. After ...

Effective 5M intraday trading

Well, according to your picture the upper TL was not broken so far - I dont see any bars which closed above it. Technically, everything else seemed ok to me.

Effective 5M intraday trading

Good Morning! Nice trade pivotman. Both M30 and H1 look bearish to me. Regards, snu.

Effective 5M intraday trading

Ok, guys as you probably noticed my big problems is that I cut my winners short. This problem needs to be solved. Any suggestions how to avoid exiting early, maybe someone can share a good indicator-based exit strategy or give an advice on how to ...

Effective 5M intraday trading

Oops, sorry, didn't notice you wanted to know how to post pics via UR, my bad )). I don't know it myself

Effective 5M intraday trading

Destarder, your entry @ 1.2269 is absolutely correct, the entry I made was an early one and was made because I saw H&S model there and entered on the neckline break. The pic according to your entry is is attached. When you post pictures, you can ...

Effective 5M intraday trading

Closed half @ +25. Now free trade Edit: closed second half @ +30, decided not to wait for the target since overall trend is to the downside and this was a retracement move

Effective 5M intraday trading

EU long: H&S on 5M with confirm divergence on 30M EP 1.2136 SL 1.2115 TP 1.2180 snu.

Effective 5M intraday trading

My mistake: — I noticed good setup to the upside, but overall market direction is downwards (according to the higher TF). I didn't analize higher TF first thing in the morning to get the idea of an overall bias. If I did that, I would not have ...

Effective 5M intraday trading

Good morning all! Lets start working! EU looks like there was double bottom. Missed it cos just came up to the computer. Here's the pic.

Effective 5M intraday trading

Nice to hear that you're learning something here! Join in and start posting! Regards, snu

Effective 5M intraday trading

Hi. bbolss! Nice trade! I wanna grow my acc a bit, so I can use 2 lots, then I'll do exactly what you're talking about. Thx!

Effective 5M intraday trading