Thanks, but there have been lots of people trading the 62 for years. I think just combining the basics to it is what make it a great method. PT

PowerTrading/The River

Great job!

PowerTrading/The River

Current — As you can see there is a sell position in place and we are currently up over 100 pips. Already closed one position for 37 pips earlier. Support was broken and it was off to the races.

PowerTrading/The River

Not Lower — Well we didn't go lower, so I closed out my position for a small gain. I have been a bit surprised at the levels price is trading. I have expected some heavy duty down moves and I still do. I am currently short from the top with ...

PowerTrading/The River

Currently — In this current short position we are starting to consolidate around the 50% retracement level. I think it is very likely that if we don't bounce back up from here we will move down a bit more and have consolidation around 61.9 to ...

PowerTrading/The River

Another Sell — I am finding it much easier to take a sell position on the cable because we are at a very high price for this pair. I took a short at 2.0380 based on the spike to that point yesterday and my fib levels at the time of the order. ...

PowerTrading/The River

Closed — Closed out final position for the day at 11 pips. That brings us to a total of 51 pips for the day. Not a bad day but could have taken a few more. My next move will be to look for a break under the 2.0300 area for a sell. If we move ...

PowerTrading/The River

Trades Continue — After banking my original pips I allowed for a bounce and then took another sell position once strong support was broken again. You can see new sell order in place now.

PowerTrading/The River

Is this what you mean — Dave, I had taken the bounce as you suggested. Wish I had caught it earlier but I was waiting for it to break strong support area I have marked. Notice I took that sell right as we got at 50% Fib. This is a great thread ...

Fibonacci Trading with Bobokus

Trade In Progress — This will explain our entry and exit strategy on this trade. We enter on a River move but we needed to wait until support was broken. As you can see from our target entry we missed by a few pips because we had a falling ...

PowerTrading/The River

Hey Skunny — All is well Skunny and I hope the same for you. I had just stopped in to say hello to Bo and support his new thread which I am reading daily. Hope you and all the guys are doing great! Your friend, PT/TB

Fibonacci Trading with Bobokus

River Today — Here we are in another sell position and as you can see on the chart we are up 60 pips at this time. We entered based on Fibonacci and breaking of support. Now where to exit?

PowerTrading/The River

The week — Notice this chart from Friday. No more orders in place. All closed for profit and then look at what happened with the news. This is how your trading week should go. It should have these types of results. Now what to do on Sunday? Do ...

PowerTrading/The River

PowerTrading — Here are the charts from 10/11. We still had two sell positions in play early. We took one position out at 70 pips and let the other ride. When price backed up on us, no panic just sell another position at a much better place ...

PowerTrading/The River

Same — Here is the same trade from the next day. Having the knowledge to stay in a trade is not the same as having the nerve. It should always be based on knowledge, nerve will lose your account. The two sell positions from the previous day ...

PowerTrading/The River

Examples — Here are a few examples of trades from last week. Notice the two sell tickets from 10/8. This is a typical River trade but the trick is where to enter. You can not base this on a cross alone. You can't base it on any one basic. You ...

PowerTrading/The River

September Results — When you learn a new method/system you should first decide if it works and if it is worth your time to learn. Here are some facts you may want to consider before spending any of your time learning the River and my Power ...

PowerTrading/The River

News — All trades can be trumped by news. In the case of my last open position we were following a good downward trend and were not threatening the upper trendline until just prior to this mornings news. At that point, not knowing which way ...

PowerTrading/The River

Still in Position — I am still in final position from earlier today. I am up 62 pips at this point but I am not convinced to close it yet because we keep making lower highs and I am looking for a break of the 2.0300 to see if it wants to run a ...

PowerTrading/The River

Thanks — Thanks and there will be much more to come. PT

PowerTrading/The River