Actually entry was around 1.1947. The formation looks like H&S, with A-B-C in right shoulder, according to it target is @ 1.2020 (70% of distance between head and RSH). Unfortunately I missed it. Regards, snu.

Effective 5M intraday trading

EU 1H — EU reached first retracement lvl @ 1.2005 yesterday. 1H looks bearish to me. Any thoughts?

Effective 5M intraday trading

Des, your trades are all according to the system, except for last one. There are several things to note here. 1. 1H TF reached the retracement target of 1.2005 (see my posts) - EU had little space to go further. 2. Semafor showed good local ...

Effective 5M intraday trading

Good! Everything according to the system!

Effective 5M intraday trading

Sunseeker, my scenario still remains from yesterday. On higher TF i consider this movement to be the retracement. First target using fibonacci retracements is 1.2005. If I see setup there on 5M TF I'll be entering it with no doubt! Regards, Snu.

Effective 5M intraday trading

Good morning, traders. bbolss, thx for a usefl tool!

Effective 5M intraday trading

Break and retest of the lower TL - down. Break and retest of higher TL - up. any thoughts?

Effective 5M intraday trading

H&S explained. — In this post I'll try to explain H&S using todays entry example. Plz refer back to post #158: url After you've spotted the divergence its easy to identify Left Shoulder and the Head, the tricky part is identifying the ...

Effective 5M intraday trading

FS1 is fibonacci support, I use fibonacci formula in my Pivots indicator

Effective 5M intraday trading

Upside/downside? Plz explain more

Effective 5M intraday trading

serguey, so according to this RSH should be always higher than LSH, could you plz clarify. The entry to the upside should be considered only now?

Effective 5M intraday trading

Closed @ +30 since 1.1950 is a strong S/R lvl - daily open + FS1 lvl + half number.

Effective 5M intraday trading

Here are possibilities of Price retracements using 1H TF and diferent reference points. I considered only closest ones. Regards, snu

Effective 5M intraday trading

Eu H&S — Good morning all! EU looks like H&S is forming. My order is in place: EP: 1.1919 SL: 1.1899 TP: 1.2000 Pic is attached. Regards, snu

Effective 5M intraday trading

Ok! i'm hoping this goes well and won't distract anyone from the market! See you there on monday then! BTW, why today is a bad day? there were nice, almost textbook, setups to the downside. Regards, snu

Effective 5M intraday trading

bbolss, what about the chat room? I was there today the whole morning but noone showed up.

Effective 5M intraday trading

Well I entered on 1.2200 but closed @ BE manually cos was hesitating, now I'm very very frustrated!

Effective 5M intraday trading

Good morning! — Let's start working! Higher TF looks like we're approaching bottom.

Effective 5M intraday trading

This sounds like a nice idea. I will give it a thought over the weekend to see how to work it out.

Effective 5M intraday trading

Regarding Previous Post — Guys, in my previous post I drew TL incorrectly, this way the entry can not be seen. The correct way to draw TL is use todays first extremum low and first Lower Low the price has formed (according to the pic). ...

Effective 5M intraday trading