USDCHF — Looks like a nice area to me too. I have had the 1573 level ID'd for a few days and it coincides nicely with the TL too. Right now, looks like it might have turned a little early though. SR

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Closing the Gap — Hi Sam, I think that most of the guys and gals here don't trade breakouts too regularly. Also, it is a real shaky day to trade with the NY banks closed. Could lead to low volume and high volatility (or not) but sometimes in ...

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EURUSD — I'll play along with you on this one, Knightz SR

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The USDCAD Short Trade setups — You might be interested in another approach to this conundrum. Last Friday, price moved up with momentum. If price is moving up with momentum, and there has already been a number of bullish candles behind you, ...

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Trends — I hope I didn't come on too strong with my preior comment. If so, I apologize. My point is this. The trend, on what ever time frame you are trading (position trade, swing, scalp, etc.) is important. It should prompt you to plan your ...

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Trends — You "THINK" the trade was against the trend? Didn't you know before you placed the trade? SR

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Swissy — I might wait just a little longer on the USDCHF for the long; perhaps the 1.1465 level or a bit lower, depending on PA. But, we'll let the market tell us. SR

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Cable — Just closed a short here. Looking to short the Euro if it reaches the levels. Keeping Bumasoft company.

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FOR ALL OF US — Cliff, I certainly second the motion of what you said here. There is absolutely no reason to trade with high leverage. Sure, lots of people trade with 1.5% - 2.0% of their capital. But one has to assume that before they do, ...

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EURGBP Gartley Setup — Here is something to look for next week. A very nice bullish Gartley setup on the Daily Chart of the EURGBP. Lines up well with prior resistance levels. This pair is in a downtrend now so this is counter trend. But, it ...

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Trend Determination — As you note, each timeframe can be different. The way I do it is to use the "Fractal" tool that you can find on most chart packages. What that tool does is identify and mark a "local" swing high or low. The criteria is ...

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Euro — Yes I have. And I dont disagree with you about supply. It may work out just fine. Manage it carefully because it is still counter trend at this point. Good luck. SR btw, I am thinking about taking the bounce from the next little level ...

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Euro Short? — And exactly what was that trigger? A short is counter trend and this is a very strong trend on the 4H chart and below. Still a down trend on the daily, but not sure for how long. Resistance is not too far away here but IMO, you ...

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Cable Trade — I am usually partial to the Gartley pattern. It is easy for me to see so when there are choices, that is what I usually do. In this case, the Gartley was in the right shoulder of a very clear Head and Shoulders on the 4H chart; ...

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Cable — Well, it looked like it was going to get hung up on the support levelat 4345 so I took the profits and closed it. Also getting on to the London close timewise.

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GBPUSD — Shorted the Cable at 4380. Its working its way down through the dealing ranges now. So far got to +40 PIPs. SR

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Some other thoughts...... — [quote=RedCabbage;2511502] Define a consistent strategy at all levels. Log all of your set ups in detail whether actually traded or not. When you are consistently right, the results will speak for themselves and ...

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Cable — Yep. But not until the news at 7:00 comes out and settles a bit.

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Gartley — Seapip, How about this one? Aussie on the daily chart. Go long at D. SR

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EURUSD — Hey Bumasoft, That was a nice little trade. Well done. I was looking at other things and I didn't even spot it. image SR

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