Thank you, Andy! They did went well, indeed! And now I'm a free man with masters degree, ready to earn some money on forex! Now my goal is to become better, more eficient and smarter in my trading! I wish you nice weekend. see you next week! ...

Effective 5M intraday trading

Your 2B pattern is wrong: 1. The bar didn't close above previous high. 2. We only consider 2B pattern on Right shoulder. Your entry is correct, i guess. We had TLB + retrace and fakeout to the upside. If you saw that then your EP is justified. ...

Effective 5M intraday trading

Plz read how we use and drow TL's I don't see any local divergence first of all. Regards, snu.

Effective 5M intraday trading

Good morning! — Eu pic shows that target is reached. Both ABCD models worked out their lvls. The formation looks like double top. I'll be looking for shorts as soon as I spot a setup to the downside. Regards, snu

Effective 5M intraday trading

Good morning traders! I'm not gonna be trading today, since I have my graduation exams! I wish everybody good luck and a nice trading day! Regards, snu

Effective 5M intraday trading

SL hit -22 pips

Effective 5M intraday trading

I wish I could answer that xD

Effective 5M intraday trading

Thx bbolss. Check out post #292 and #294, it is identical situation. i was looking at the divergence on MACD and missed my entry to the upside. I talked to serguey and he explained that divergence should be looked for only when price reaches one of ...

Effective 5M intraday trading

EU long — EP 1.2322 SL 1.2300 TP 1.2450 Entered on the break of upper TL (I drew it when 15M macd turned to upside) Snu.

Effective 5M intraday trading

EU long — Here's a picture of long setup on EU. Everything according to the rules descrbed in post 1. I didn't enter because of hesitation. Now I would like to see a pullback with stoch going below 50, this will provide me with additional ...

Effective 5M intraday trading

Further possibilities — We reached one of the possible lvls for point C formation according to our current ABCD model (blue labels). I see two scenarios: 1. If price breaks and retests TL shown on the picture, I'll be looking for shorts with ...

Effective 5M intraday trading

Moved SL to BE, SL got hit @ +1 pips

Effective 5M intraday trading

New fractal and IB formed - I moved my EP higher 10 pips and now I'm in position.

Effective 5M intraday trading

Order in place — Red TL is drawn using local fractals. My order is in place - right below the TL and IB @ 1.2285. Target is 1.2220 Regards, snu.

Effective 5M intraday trading

Eu Short — We had double top setup with break of the neckline and pullback to retest it. Right now i'm waiting for a break of TL, fractal, IB and I'll enter short. Initial target is 1.2250, if its broken I'll consider price to reach the ...

Effective 5M intraday trading

EU — Good morning! First pic shows target according to the ABCD model we considered yesterday that was not reached. Second pic showes possible retracement lvls if we consider different swing lows (Points A) from yesterdays up move and the high ...

Effective 5M intraday trading

I' still expecting a deeper pullback since current leg up looks like a 5 wave pattern with divergence forming between wave 3 and 5. Please also note the divergence within wave 3.

Effective 5M intraday trading

Yes, Serguey, thank you for pointing this out! We should start designating models (putting points A and B on graph and calculate possible lvls for point C) only after we spot a local divergence. Only in this case we can assume that price will ...

Effective 5M intraday trading

New lower-order ABCD model and its targets.

Effective 5M intraday trading

I missed early entry opportunity @ 1.2195 Now HH is forming, will wait for a decent pullback and enter from right shoulder and new point C. Regards, snu

Effective 5M intraday trading