Maybe an area to watch next week.

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Maybe one last trade at the end of the day short JPY at 95.52, tight stop and small target being a fri night.

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Long EURUSD at these levels? I have taken a position but am always a bit wary when its outside the london session at times like this.

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what defines it as being there? It looks like its the 3rd bar after the low but its not the reaction high, which is a bit higher? I am confused

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Fair point, I was asking though because I have never really worked out at precisely which bit of the bucket the line should be place. Its probably worth watching but maybe not leaving order in for.

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Can someone advise if this is a valid cup / bucket level? also Smittens, what settings do you have stochs on?

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Agreed Robgsxr, sit on your hands as someone used to say

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Well during these tight range bound days I think we all need to learn patience. I took a couple of low probability trades yesterday which didn't work out and when I look back I kick myself. I think the key is to just wait for the market to come to ...

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GW, good luck with the job. I traded for a small prop firm, it sounds v much like the one Moxy works for (and that firm had a guy who traded from Brighton). I left them to take a trading job with a big bank but sadly that didn't work out. I just ...

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BRV, I was interested as I shorted it myself based on prior S/R and an indicator that I am starting to watch. I was more interested that you seem to put more emphasis on the recent highs / lows in the opposite trend. I guess if you do this across ...

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One thing I always discuss is that the levels created on the last move counter to the one you are trading hold up the best. By practicing your search this way you can easily wean out a lot of less significant price areas. Good reminder 007.[/quote] ...

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GW I noticed that trade but didn't take it, even if I had it would have only been for a few pips. My reasoning being it is against the bigger trend which I see as down and it is roughly in the middle of its recent range. Is there something (maybe ...

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Banda, the only additional advice I can give is to trade as small as possible for your last 10%. It might also be worth trading a dummy account for a while to ensure you get consistent successful trades. That way when you come back to 'live' trading ...

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Banda, I personally would never take a trade on a fib line alone. There would have to be some other support or resistance or maybe another fib line to give me enough conviction to take the trade. That said I would say I am not a very good trader and ...

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Thanks for the welcome and thanks for the insight.

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BRV, given its NFP, will you look for the market to find resistance at that level before entering? The market is very close to the level and often on NFP is moves significantly therefore I wouldn't want to leave an order in without seeing the data. ...

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4x4ever, thanks for the feedback thats really useful. so can I confirm that you also look at the "body" of the candle for the support / resistance rather than just the low or high? I always thought that this was frowned upon? Not that that bothers ...

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Guerilla, I agree, they are suggesting strength. Paj, thanks thats useful to bear in mind in terms of prior violation of the level. Thanks for the feedback, back to the charts for me.

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I am new to this thread and reading it with interest. I was wondering what people thought of a small short around 1.2820 per the attached chart? Thoughts appreciated. Verno

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My filters are based on trying to identify a trend and then taking DIBS inline with trends. The 10 million dollar question is how you identify the trend. I don't have that answer

The DIBS Method... No Free Lunch continues