Had to move to the 1hr to show the extension targets. I'm looking for a 150% extension of 7797. Notice that the 50% level and the previous resistance line match up almost perfectly. This will give me a low risk stop, and an R/R of about 14:1. image

One does not simply buy low and sell high

Missed this a/u trade but maybe I can catch the next swing. image

One does not simply buy low and sell high

shorting on the downward sloping median line. Stop at swing highs. image

EURUSD

I got stopped out, it wasn't a target. I move my stops down as price makes new swings. Not protecting profits when you have them is foolish. I would aim for a T1 of the 100% retracement level.

One does not simply buy low and sell high

From the pullback.

One does not simply buy low and sell high

Stopped out with +21 pips. Apparently thinkorswim doesn't know how to execute a stop order in a timely manner. Thank god I was watching the market at the time, so I could cancel my stop order and cover at market FFS!. Anyway, here it is.. ...

One does not simply buy low and sell high

Adjusted stop to 7598. +25 pips in profit.

One does not simply buy low and sell high

profit stop at 7611. +12 pips in the money no matter what.

One does not simply buy low and sell high

e/u 1hr image

Andrews Pitchfork (Median Line)

Nice vibrations on this median line for e/u 1hr. image

EURUSD

a/u 50 range bars and 15 min.

One does not simply buy low and sell high

The 50% level and the resistance zone are matched. The 50% level is hidden in the highlighted zone but it is there. Normally I don't draw such big swings, but I'm going to give it a shot. image Here is the same chart on a 15min. image

One does not simply buy low and sell high

Interesting read.

A question to all you indicator traders

Same thing happened to the median line thread here. The ones that are still around just don't post nearly as much as they used to. Sometimes I wonder if they blew their accounts. Annoying members can be blocked, so for someone to just stop posting ...

Price is everything

bones, if you went long here at the trend line, where would your target be?

EURUSD

lol

AUD/USD

Trade PnL Summary for April 6th - 10th 2015 Trades: 4 Losers: 1 Largest gain: $108 Largest loss: -$38 --------------------------------- Net gain for the week $130 Net pips: 123

One does not simply buy low and sell high

Will the TL hold? I might take a shot at it. image

AUD/USD

Dkam, you're probably right, however trading simple price action is easier than some complex system in my opinion.

A question to all you indicator traders

What are those lines on your charts? Are those fibs or what?

Cable Update (GBPUSD)