Yes, I know what you mean too. i actually keep things very simple, just use more price action than before and try to trade only momentum/ trend. Generally it is working nice. Much less losses. Probability is actually in our favor but I am trying to ...

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Here are the levels I am watching. I do not set limit orders before the price hit them, I need to see price action before I set it. image image

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Yes, this also bothers me. I used to enter all the time just s/r line without any confirmation. What I noticed is that sometimes market just break through it kills my stop, then comes back. I mean it is nice to do this kind of trades when there is ...

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This looks like an excellent set up, kind of no brainer. I do not trade this pair but this looks promising. I have just checked what happened after price touched 1.0470. It looks like it violated resistance by 37 pips on my MT4 broker. Spread is 3 ...

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I think what you actually mean is to trade with current momentum. I , for example, completely stopped taking trades which goes against current momentum. Trend Lines here are helpful to see where the price is moving. I also like to trade when some ...

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I can do both. But with MT4 it is not easy as slippage is practically guaranteed and usually not in our favor. I am trying to enter with limit orders most of the time depending on price action.

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Yes, I know it can, but diagonal trend lines are not as clear cut as horizontal s/r lines. I am following trend lines as well, but usually do not use them for entries. Just watch when momentum starts changing. I have never seen anyone using so many ...

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now it will be interesting if 109.54 will hold if there is another attempt.

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I think you use too much trend lines instead of S/R lines. I went long at 108.29. +40 pips. it retraced after breaking the level.

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Yes, these 2 threads are the best. I would really love to spend more time on James16 thread but got caught in No Brainer Trades and I am with it permanently. The thread has been quite but it is not dead at all. I read it regularly especially first ...

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What pairs? Shorted Eur/ Jpy from 109.24. nice pip count. The price did violate the area. I had order at 109.07, but after some thinking move it up.

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Good point. will keep it in mind.

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I think that most high probability set up is on Aud/ USd chart. Eur/ Jpy, I have some more ideas. Generally the pair is in down trend even on daily. So, I always try to enter with a trend. On the other hand this consolidation just below previous ...

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Your approach looks very interesting. You use a lot of trend lines for these small price trends and their intersections to determine your entries.

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regarding shorting this set up. I do not like this consolidation just below. I think it will not be a mere touch. If it holds, I still think there will be some violation. Anyway, I like to go short from this level as it was a very strong support.

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I like this long set up as well for going long if it retraces there. image

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image Down trend line is broken. I want to see price action before setting orders. long or short on those levels.

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There is a possibility that it might break but still, i expect some reaction.

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No Brainer Trades