That's the point, there is no support, then if you look at the 5m chart, you'll see a head and shoulders, it shows support that will break, nearly 9/10 times. Could retrace before further down, but its FX, could always do something different

EURUSD only

This is the chart that tells the story today. image

EURUSD only

No, that's shorter than a very short thing is shorting more than shorts.

EURUSD only

Ity shows how to set it up so you can run the strategy tester and actually do trading on historical charts, it's like trading forex for real but at 10 times the speed, it's really good experience for trading, you can simulate about 2 months in day.

Forex intraday using the 5min chart: EURUSD

It doesn't take trades, but you can use it to p[lace trades using the blue and magenta lines, there's a video on one of my previous post to show how it all works. You can't really use it to trade the Asian session since that is what the levels are ...

Forex intraday using the 5min chart: EURUSD

ABSOLUTELY FASCINATING.... I don't know about you guys but I find this absolutely fascinating to the point of freay even, kind of looking at yourself in a mirror in an odd way. This is a graph of my running total on my account, I thought it would be ...

Forex intraday using the 5min chart: EURUSD

And my current settings in Files folder Stconfig.txt BOF Asian_Historical_Days=5 Asian_Start_Hour=1 Asian_End_Hour=10 No_Of_Asian_Extensions=12 No_Of_Days_To_Extend_Levels=3 Show_4_Hour_Previous_High_and_Low=1 Show_1_Hour_Previous_High_and_Low=1 ...

Forex intraday using the 5min chart: EURUSD

And down then up to the top zone again where there is high likelihood it will break up further. image @pgidia no problem, I'll load the lot up to make sure they are the latest versions file

Forex intraday using the 5min chart: EURUSD

Zone to zone, done for the week, about 8% on the week, quit while ahead, happy days. image

Forex intraday using the 5min chart: EURUSD

Nothing doing today really, tried a couple of shorts, edged a tiny profit. Indicator showing it's worth though, from under the top zone to under the bottom thin zone. I have a tiny account, but in percentage terms I'm up 25% in 3 weeks, so pretty ...

Forex intraday using the 5min chart: EURUSD

Triangle, break of zone, short, don't look a gift horse in the mouth, See the triangle on the 15m, then breaks that zone and goes way past down the next zone, I just knew it would spring back up, you gotta think 'Composite Man', but that's by the ...

Forex intraday using the 5min chart: EURUSD

My focus was on the hourly chart, the consistent lower highs in a nice curve = price action indicating short, then the indicator shows where with the levels. image

Forex intraday using the 5min chart: EURUSD

But if it was totally random, the EURUSD might be worth 1.14 today, then 6.21 tomorrow, then 0.1 then 50.2, then 23.44,......

Does anyone still believe that Forex is a zero sum game?

Short image

Forex intraday using the 5min chart: EURUSD

I took this trade this morning. Lower Highs on 1hr, expect next candle to do the same. 4 Hr Low as resistance The red line I've put in but that is a short sign, look at it as a triangle.. Took profit at top of grey bar, could have had a bit more if ...

Forex intraday using the 5min chart: EURUSD

Why ?

Forex intraday using the 5min chart: EURUSD

Yes, then a configuration file will appear in your files folder after you run them, then you can change the default settings.

Forex intraday using the 5min chart: EURUSD

I'd say it does a decent job of highlighting levels, difficult market today though, and tomorrow and Friday, so stay out is probably best bet for the rest of the week..... but we'll see.... image

Forex intraday using the 5min chart: EURUSD

Trading Zones & Gaps. image How to eat Elephants? For those of you not familiar with the saying, the answer is to break it up into little bits, So spending endless hours running the strategy going through months of charts at a time, first I ...

Forex intraday using the 5min chart: EURUSD

Tested my strategy through the tester, and getting some pleasing results, managed to run through 2 weeks trading or so in a couple of hours, all running smoothly, will post updates of the indicators next couple of days. I attach the chart I used, ...

Forex intraday using the 5min chart: EURUSD