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- pharley replied May 24, 2018
A couple of simple flip trades on daily and 4hr charts recently taken - Spot these levels and trade them. See how price returns to the level. That's why SR levels/areas are so important. Look for these on your charts. Never forget flip trades!
- pharley replied Dec 18, 2016
Hi all, Someone has asked me about 50% entries. Below I post a pic which shows both a couple of 50% entries and ordinary break and retrace trades. For the 50% entries I'm looking for price to retrace to that point, i.e. 50% and place a pending order ...
- pharley replied Dec 14, 2016
Hi all - a nice little trade overnight on the GJ. News helps sometimes! This one I took off a 4 hr pin bar at channel support. Looks like it will go higher but I'm out of it as I have something else to do today and I don't want to mess around with ...
- pharley replied Dec 1, 2016
Happy chappy today - got my levels in on GJ yesterday and took this trade. Not a perfect entry but I wasn't in front of screen when price came back to retest. Still, it worked out very well. Had a TP set before a major resistance level - check the ...
- pharley replied Nov 29, 2016
Hi Kevin, Thanks for your question. Do I stay in or take profit and get out? It depends on a couple of things. First I look at the weekly and daily charts to see where the next level of support or resistance is. If there is potential to for a move ...
- pharley replied Nov 29, 2016
HI there, Looks like you got a good trade in. I would have taken profit before the top of the previous swing high - see pic below. The pic shows the daily chart and where price has moved up to a previous swing high back in July. That's where I would ...
- pharley replied Nov 28, 2016
I thought I'd post something that I look for when price is trending, but then retraces for a while. If you look at the pic below, you can see quite a few 1hr flip trades. But the bit I'm interested is the yellow trend line. When price retraces for a ...
- pharley replied Nov 28, 2016
Some nice flip trade areas on GBPAUD yesterday - lots of these over the last few weeks.
- pharley replied Nov 26, 2016
One going up and one going down - spot the entries. Keep it simple.
- pharley replied Nov 24, 2016
OK, the UJ trade triggered at the right level and is currently in profit. Just have to wait to see how it goes.
- pharley replied Nov 24, 2016
There were many trades to be had yesterday, especially on JPY pairs. Here's one I missed on GBPNZD which would have worked out well. Oh, also is a 4hr chart view below
- pharley replied Nov 24, 2016
Hi - here's a couple of recent trades I took on UJ showing entry and exit points. I'm waiting for a retrace for the third trade now - already got the pending order in. Whether it comes back to that point is another thing, but at least I'm ready. ...
- pharley replied Nov 22, 2016
Ok, also look for ranging markets. These are very tradeable - lot's of opporunities, not so much for flip trades, but off the support and resistance area. See attached and look at the pips available. Obviously good on GBPJPY, EURNZD, GBPNZD and ...
- pharley replied Nov 22, 2016
Here's 3 on a 15min GBPNZD chart, then the same pair showing one on the 1hr chart (I've left the writing in from the 15 min chart) There are tons of these everywhere and every timeframe.
- pharley replied Nov 22, 2016
Hi Earlroy - flip trades are where (for example) a support has been established. Price moves back to this support area and moves through it. As we know, once support is broken it becomes resistance. Price will MANY times move back to this point of ...
- pharley replied Nov 18, 2016
And just for fun a few on the 15min UJ chart
- pharley replied Nov 18, 2016
Here's a daily chart of USDJPY and the same time on the 1 hr chart.
- pharley replied Nov 18, 2016
A few on USDJPY 4 hr. Once you start spotting these, you'll see 1) how well they work, 2) how often they happen
- pharley replied Nov 18, 2016
Here's a few on GBPAUD 1hr
- pharley replied Nov 18, 2016
Here is one of the days with target shown