Only looked at that cake, amazed.

Counter-trend trading

May you tell what are those blue lines & white line?

Counter-trend trading

So you've closed the trade?

Counter-trend trading

Is white line the target? I'm really amazed at how you guys are so confident about the direction. GU has retraced a bit, I would have thought chances are it may go up, rather than down. Just thinking... until/unless I can see what you guys can see, ...

Counter-trend trading

hmm... thank you for the eye-opener. Last night shorted cadjpy near the low. I wish I did the opposite.

Counter-trend trading

Awesome... gu/eu spiked on news. Was that good opportunity to short, anticipating price would fall?

Counter-trend trading

You meant short @1.2747?

Counter-trend trading

Perhaps EURCAD doesn't want to go up? Anyway, I'm too tired. Closed my USDJPY longs to sign off another bad week. Do hope it will range before plummeting. I trust (& I hope) Ullen is also keeping his shorts to fight the market together next week. ...

Counter-trend trading

Set to BE just in case. If it looks like not piercing 108.27 I may close longs with a small profit, and set SL of all losing shorts just above 108.35, in case price advance towards 110 next week.

Counter-trend trading

EURCAD is another pain. Tossing a coin whether to hedge my shorts.

Counter-trend trading

Thank you. I notice the up move is quite strong at M1 timeframe. This is to hedge some short positions that are in big drawdown.

Counter-trend trading

hmmm... went long instead just below 108.0 to go with trend. Getting an uncomfortable feeling now trend may reverse.

Counter-trend trading

About eurcad... I've impression that oil & gold should influence CAD. Looks like this is not happening as gold & oil are weakening again. When charts suggest EURCAD is on the verge of breakout down, but we wait & wait in vein then I'm worry this is ...

Counter-trend trading

The most precise & detailed explanation on PA I have ever come across in my entire life .....

Counter-trend trading

Hi Eurusdd, Thank you for sharing wonderful knowledge & experience. Would you kindly point to where I can learn to compute probabilities at different price levels? Cheers.

The similarity system

Was 0.7181 (AU) a mis-type? I have seen Eurusdd posting probability values for price levels; probability of current price being 1. Would you be kind enough to point to where I may learn how to compute probability for price levels? Thank you.

The similarity system

Nice one. But sorry I missed that opportunity. Can't help thinking... if good traders keep contributing to making successful trade calls, this forum will beat the market.

Counter-trend trading

That's a lot of wisdom. Thank you!! In previous years, I came across some how-to-trade-forex guides so tedious that I thought forex trading was meant for robots. Having no further luck in sourcing open material, I robot-traded and self-learn inside ...

The similarity system

Awesome... No, I really wouldn't have been able to see that. H1,H4 charts would had suggested bearishness at time of your first entry. Its only with hindsight that D1 chart shows AUDJPY was ranging April to mid-Aug, broke upwards, then ...

The similarity system

Points taken. But I do like to know why someone else sees a picture differently and what I missed.

Counter-trend trading