Thanks for the reply BWilliam, Honestly I checked GBP/YEN and have no idea whether it will be below or above day open. If i was to take a guess would say it would mostly stay below daily open. The trend on higher time frame suggests that. BUT its a ...

Flying Dutchman

Hi All, Firstly thanks to Bluesteele, Moodybot, Timetells, BWilliam, Ihlas and all other traders for their input. I have been part of different threads but this one has helped me quite a bit. Not that i am trading fulltime or always live trading. ...

Flying Dutchman

Thanks Bluesteele, Very well explained. There was 20 odd pips during the London session and as u said we can't win em all. Your US session trade was spot on. Test book as they say, RN, PFH, Pin Bar, Engulfer. Timing is the key as well. Regards

Flying Dutchman

Hi GEfx, Thanks for the reply. Yes would be great if you shared your chart with notes on them. Also the Targets you are referring to: are they previous LHs, HLs?? And why just those specific targets you mentioned. Regards

Flying Dutchman

Hi Bluesteele, Hope you r doing fine. Firstly thanks for ur charts and tips on the thread. Would like you to take a look at the chart i am posting to see why this one may not have worked. It had some confluence and looked good for a sell trade. I ...

Flying Dutchman

Another trade similar to yesterdays. PFH, RN nearby, Weekly and monthly opens rejected. Just some confirmations. A little late entry cos i was waiting to see how price would react to the RN (162). It was smashed with momentum. Again profit could ...

Flying Dutchman

Hi Jaddy, DT means "Double Top". As explained by Bluesteele that its not always good to take trades off a wick, i was just looking for further confirmation to open a trade. Mostly at session open, price "MAY" come back either up or down to take the ...

Flying Dutchman

A small trade as shown by Bluesteele's examples. Not exactly at London open though. Profit was taken at the first target. Trade well all.

Flying Dutchman

Thanks BWilliam..Yes most of us are looking for that edge on the chart.

Flying Dutchman

Hi HTG, Just to clarify. Its not an excuse that so many fail, just a fact. Any broker you join will give this info. I also mentioned that quite a few have succeeded and are doing quite well. Again its a fact. I never said that its not possible just ...

Flying Dutchman

Hi HTG, I don't think anyone can predict the future with 100% guarantee. Its all about probabilities. George at times used to say that price will go in a certain direction with 99% probability. Its all about the time and effort some of the traders ...

Flying Dutchman

Hi Ilhas, Any particular reason you placed those buy orders there and not at other swing lows above or below?

Flying Dutchman

Hi All, Couple of trades taken early London Session. Both GBP/JPY and GBP/USD looked to be at the extremes for a hook back or to reset for another run. Notes on the Chart, Not sure if the setup was perfect but it worked out. Profit taken just near ...

Flying Dutchman

Hi Timetells, Beautiful trade with extra entries. I also got a trade but in totally different direction. It did work out though. Price now has just broken the Fridays high. On the button and reversing slowly. All well structured. Not random at all. ...

Flying Dutchman

Hi All, A couple of trades taken on GBP/JPY during London Session. First trade had RN, PFH and ADH. The second trade was at LH and downward momentum. Both hit the marked targets. Not sure if they were the best setup but it worked out. Regards Dennis

Flying Dutchman

Hi BWilliam, Thanks for the reply. GBP/JPY closed below Previous weekly open and today price is trading well below Daily open. I placed a sell trade just after London Open for around 30 pips profit though the price is still going lower. I had a ...

Flying Dutchman

Hi BWilliam, I have learnt on this thread that open and close lines (Daily, Weekly, Monthly) are very important to set up trades. Also RNs, High and Lows (Daily, Weekly, Monthly) and the other targets which we mark ourselves like HLs, LHs. At times ...

Flying Dutchman

Hi BWilliam, Could you please elaborate on why GBP/USD trade that Mixedbag was a good one. I mean GBY/JPY had broken Fridays high and then there was rejection before the price fell. As for GBPUSD just had the RN rejection. Was it the clue that price ...

Flying Dutchman

Hi BWilliam, Thanks for the information. I won't say that i have fully understood or know at the moment the market mechanism. In hindsight now GBP/USD was a good sell for around 60 or 70 pips if taken after price went below the DOL during Tokyo ...

Flying Dutchman

Hi All, PFH maybe forming on USD/JPY and GBP/JPY. Lets see what London session tells us.

Flying Dutchman