4 hr now — One extra trend....we are getting into a tight range again. Going to have a good breakout sometime soon. Probably the first of next week. This chart says it all though.

The Zone Break Out

Notice — Notice I have not moved that blue horizontal trend line. It was my intention to go short if we broke that area. It is good to put reminders on your chart of where support and resistance are on the other chart.

The Zone Break Out

Now — Good thing we didn't jump into that thing short, isn't it.

The Zone Break Out

why — When you can't figure out why you are stalled out in an area, it is vital to check the longer time frames. It is my opinion you need to understand fibonacci to be successful in Forex. I know people who trade only ma's and such but I know ...

The Zone Break Out

Watch — 15 minute chart here. The blue line is an area that coincides with the 4hr time frame....if we get past here with some price action I will go short. I am not going to watch this move all day. If it doesn't happen soon, I will be ...

The Zone Break Out

Retrace — We are at a 50 percent retrace of the entire move on the Gbp/Usd from yesterday. This is putting us right back in that range. If we break short past the 50 level, I would expect us to continue on down to the 61.8. Maybe not until ...

The Zone Break Out

Good ? — Bogus, Great question and I will say that sometimes it is the time of day that will cause me to pass on a trade mainly because of lack of Price Action. In this particular case, I always watch the candle that opens outside the box for ...

The Zone Break Out

Look Now — So what did I tell you would happen when the trend lines on the 4hr chart were broken. These are the trades you must be in. Anytime you have a great setup where price is in a tight range for while and then breaks.....you must take ...

The Zone Break Out

Hi Dave — Good to see you too. This is what I have been trading for about 2 years now. It is really just trading fibs and trend lines and I added the zone box to visualize it. Hope to see you.

The Zone Break Out

4hr — Here is the current 4hr. Notice also that my target on 15 minute chart was set with the upper trend line of the 4hr chart. I can not emphasize enough how important it is to consult the longer time frames. You get a much better picture of ...

The Zone Break Out

Current — This is our current 15 minute chart. I took the trade long as we broke out of the zone. I waited till the new candle opened outside the box and took two long positions. A few points. Notice there was a pick up of Price Action before ...

The Zone Break Out

Target Hit — Our first target at the 61.8 was hit and because it bounced a little I took the first position out there for 46 pips. I will let the second run or stop out at 10 pips profit.

The Zone Break Out

Target — Okay the breakout is working now. I have my target set for the first position at the 61.8 retrace. If we do not break through that area quickly I will take out position 1 and let 2 run for a while. We can't lose at this point.

The Zone Break Out

Trade — I took 2 short positions when we opened outside the zone and under the 38.2 fib. I took the trade now and not before because of the Price Action picked up. Both positions are still open but I may close one if we do not make some ...

The Zone Break Out

interesting — I am obviously a great fan of the breakout. Have you tried different time frames. I would find it very difficult to trade from the 5 min except for scalping.

Easy Fractal Breakout Strategy

now — Here is where we are currently. This is where time of day and really price action tell me not to take the trade just because we have moved outside the zone. I will wait for Price Action to pick up, otherwise we just don't have enough ...

The Zone Break Out

Yeah — Yeah, breakouts are the way to go. I do trade some fibonacci bounces off the 61.8 but I am much more consistent using multiple time frames on the break out. I will take a look at your 24 ema filter. thanks

The Zone Break Out

4hr — Here is my 4hr chart and you can see the bounce off the 38.2. Notice we bounced between the 61.8 and the 38.2.

The Zone Break Out

Tonight — Here is the chart for tonight. We have a perfect setup for a breakout for tonight. There is no clear direction for tonight but we have bounced on the 38.2 fib from the last move down on 4hr chart. This chart is the 15 min.

The Zone Break Out

Example — Here is an example of what I mean. You can see we had some false breakouts and only late in the trading day do we see a true breakout. How would you catch this? You would have to ask someone smarter than me because looking at the ...

The Zone Break Out