Hello SP, First post here, just stumbled upon this thread yesterday and I'm through the first 20 pages. Very good read, A lot of market wisdom, thank you! Just curious, do you still trade those original price levels of yours( W&D highs/lows, W&D ...

Ramblings of a Forex Junkie

I'm sorry, I didn't post entries because I wanted to illustrate the hook. The best trade is when the P returns to the hook for the first time(second also works but remember the more times P returns, the weaker that S gets until it eventually ...

my system of 20 pips

The hook is a very powerful price structure. I'll try to explain briefly. It happens after a strong momentum move which shows that there is imbalance between buyers and sellers. I've shown example with a bullish hook. After a pole/vertical movement ...

my system of 20 pips

AUDUSD P is entering an area where we might expect reaction. Look at the confluence And if it closes below further downside action is expected towards old RM limits at around 0.71 image

Beyond the Candles

Have you guys noticed how P reacts when it reaches the yearly open price. Now look at the EURCAD- reaction of 100pips. Now waiting to see if it will test S image

Beyond the Candles

EURNZD I see a potential for about 1000 pips to the upside if the right conditions are met P is supported by both static and dynamic S. Bulls have shown strenght as they managed to engulf previous swing high and close above M RM. P has been since ...

Beyond the Candles

NZDJPY I would be cautious with longs at these levels. I am actually looking to short this pair. 1. From technical perspective - Look left on the M chart, we are near major MR. image W chart shows dynamic S broken in the past and is tested at the ...

Beyond the Candles

FXAction, Forgive me for asking but how do you spot divergence without using indicators? Divergence implies comparing 2 values where at some point one diverges from the other. The only thing that comes to mind now is observing how the new extreme in ...

my system of 20 pips

FXAction, Do you enter your trades on H1 TF or you go to lower TF for precise entry?

my system of 20 pips

Thanks

my system of 20 pips

FXAction, could you tell me what time zone you trade! You posted a picture of your trades on OCT29th and I want to go over your entries and study them

my system of 20 pips

FXAction, I took a similar trade. Price broke local support and retraced a little so I got in. I have to watch it though cause I expect some reaction at the TL. Anyway, I'll be looking for the P to fill at least the pin bar's wick or just grab 20 ...

my system of 20 pips

FXAction, do you think EURUSD will have the drive to fill the liquidity gap between 1.3 and 1.31 in the next couple of weeks or so? There are untested R at 1.3 and 1.31. It would be nice to get to the base of that spike so that we can short it.

my system of 20 pips

Here is EURUSD image

my system of 20 pips

My 20 pips for today. Normally I wouldn't take it yet at that level but My decision was supported by the fact that P turned at the M opening P(the purple liine). If bullish momentum persist a good trade should be 1.2680 - 1.27 level image

my system of 20 pips

Did anyone figure out how to always end in profit when SL is hit? I'vetook the time to reconstruct the chart from post 27 the way I see it cause it's very unclear at some spots. This is what I got and I would ask CAT to verify if I got everything ...

my system of 20 pips

Hi FXyao, CAT did take trades similar to yours although this one is a little risky because right above you have bigger S broken at 1.2740. Price recovers the last broken S on increasing V so if you bought at 1.2720 you should have been OK to 1.2740. ...

my system of 20 pips

Dear Cat, Thank you for the explanation! However I am not so sure that this was a safe trade. Yes, after the first pin bar you could anticipate change of direction but you don't know yet. The higher volume and no progress of the price indicates ...

my system of 20 pips

My 2 cents on GBPCAD Indeed, this pair has some bullish implications but it's far away from any clear direction. Even if it closes back inside the RM bearish TL leaves little room to trade. The overall long term trend to me is still bearish. What ...

Beyond the Candles

FXAction, Look at the V-shaped bottom of EURGBP and classic hook. Have I marked the demand zone correctly(although it may go down a little more to the D tl) image

my system of 20 pips