Thanks for the post. I don't really understand how the shapes are used though.

Price Action System 1min charts

Taken to the cleaners . . . . GBP/USD This was a trade yesterday that was going really well and then. . . . This was premarket New York close to the open. My 1st entry was long and quickly stopped out. I put a short stop on that one. I thought it ...

Price Action System 1min charts

Last week was really good. Friday was a good day for the GBP/USD. I was up nearly 50 pips. On Thursday, near the end of the New York session, resistance formed after the GBP/USD had formed a high. My entry wasn't the best. Instead of waiting for the ...

Price Action System 1min charts

Here is an example of support off of a low in the USD/JPY. The low was 90.812. About an hour and half later it makes a new day high at 91.029. Oddly enough there are three peaks near this high, 91.0279, 91.029, and 91.027. I have noticed this in the ...

Price Action System 1min charts

The previous posts were about identifying resistance after a new high is formed. I gave, tried to give, an example of the GBP/USD. The EUR/USD, USD/CHF and some times the USD/JPY have similar patterns. I will discuss them next. The other discussion ...

Price Action System 1min charts

Thanks and I apologize to those who have been trying, but unable, to read the charts. I yet to master the art of posting charts. I am reattaching the first chart as a jpeg and a pdf. I tried to keep the resolution around 100 instead of taking it ...

Price Action System 1min charts

This chart, I hope you can read it, is an example of how the above move can fail. This is the GBP/USD on Thursday Jan 14th. This would be just a little before the New York market open. A, was the high at 1.6320. B, 1.63104. C, 1.63215. D, 1.62844. ...

Price Action System 1min charts

Thanks for the responses. I attached as a JPEG. I hope that help. I trade IM charts. I am only looking for 5-10 trades a day. Each trade making 20, 30 or in some cases 100 pips. My stops are tight usually 10 or less pips. 1m charts work for me. If ...

Price Action System 1min charts

Massive Move on Sept 24th — I'm a little new and trying to improve . . . Did anyone catch this move today, Sept 24th? I've been watching and trading the cable for 6 months and haven't seen too many moves like today. It was almost 1,000 pips. ...

Cable Update (GBPUSD)