Just an update on that graph from yesterday. The stop is placed above line and point of exits (targets) are the next 3 lines drawn near the bottom. What i call Price-walls, where price is rejected from and consolidates as well. One third of the ...

Technical probability

- — Stacking probabilities in our favour. Quick view of entries made by simple trend line.

Technical probability

TrendLine — Line symmetry showing profitable trades for the past few hours. Simple and effective.

EURUSD

- — Close above 1.40 indicates a test at 1.4100 which is 61fib from previous wave on 4H

EURUSD

Price Walls (exit strategy) — In this picture you can see I have marked what I call 'price walls' where price is rejected multiple times. They are marked by the dark blue long rectangles... Price continues to bounce until either wall is ...

Technical probability

Second one looks like Yoshi, very creative I may say.

Crazy charts

1.20 — usd/cad test area should be somewhere near 1.20. It could go anywhere from there.

USD/CAD Trading Room

Humble and certain of uncertainty

Define a successful trader in 1 sentence

Keep an eye out on the 4H H&S pattern in downtrend with potential breakout South.

USD/CAD Trading Room

Watch the 1.4050 area, key decision point for this pair.

EURUSD

1.4050 is key for a potential H&S

EURUSD

I also work with Rob booker's 62EMA strategy, seems to work fine in trending markets but not in choppy ones.

EURUSD

Starting to look more like a H&S at these levels as 1.4350 seems hard to break. Watch those longs as some Bears might start to appear before Europe opens.

EURUSD

Simplicity works for me. First move is to b/e and take partial profit from positions. I proceed by closing 75% of my profit at target level and let the other 25% ride till end of day or week. It all depends on how you trade.

Exit Strategies...

1.41 is very key right now. I see your using MACD with Phillip Nel strategy, his technique is very profitable if you able to spot the patterns whithin it.

EURUSD

cad — That daily candle is looking sharp for the area mentioned yesterday. Have to see where it takes us from here.

Daily candle chart

In regards to my previous post; just a different view on a weekly trend line possible test.

Daily candle chart

Looks like a potential trade, resistance becomes support.

Daily candle chart

Sleep is very important for both decision making and ones health. If you scalp most of the time you will be affected by the "thinking about trading" because you will automatically feel like you are missing out on the potential trade and the need to ...

How long did it take to become consistently profitable?

Sure hope he was just using 2% of his account for his short position!

Cesarnc's market talk, gossips, rumours & fun