Lets have a look at your EU setup as it is one of the pairs I trade. We have a good example here of what to look for, you can see that on the 30m we have a clear trend showing HH's and LH's. So we are looking for the start of a Simple Retracement, ...

Easy to spot Simple Retrace on GBP/US on 5m And chart below ,same retrace on 1m showing entry,s/l and t/p Anyone found or traded other examples?

Great example here on EJ 15m chart , with some nice entries on 1m giving superb RR 15m\ !m

Good Simple Retracements can be found on any Time Frame, but are not always obvious, if you don't find one on a smaller T/F start stepping up in T/F and you might be surprised what will emerge. For example below, if you happen to come across this ...

Some more examples of different entries

Here is a more conservative entry, you will notice that the entry line is placed where the Compound Retracement has confirmed its change of direction, notice that the S/L distance is greater and the T/P is closer, hence you will receive a lower R/R ...

Here is an expanded view of the 1m chart. We now can start to look for entries. This is the only place we can use the break of the Simple Retrace, as well we can look for RnR's and also and old proven favourite, the Point to Point [PnP} entry which ...

IN A RETRACEMENT, PRICE WILL NEARLY ALWAYS RETURN TO ITS PREVIOUS HIGH OR LOW, EXCEPT WHEN CHANGING DIRECTION. INSIDE EVERY SIMPLE RETRACE ON A LARGER TIME FRAME IS A COMPOUND RETRACE ON A SMALLER TIME FRAME So lets put this altogether and come up ...

Now have a closer look on the well formed compound retracements you have found and you will see that they are actually formed by its own mini trends with its own waves down and then up again, the same as a normal size trend. At the bottom of the ...

COMPOUND RETRACEMENT Probably the least known but most important for this thread You will find a compound retracement in an established trend when price has been going in one direction for a while and reaches a point where it needs to take a bit of ...

Ok Lets talk about retracements for a while, as this forms a very important part of where this thread is leading. There are 3 types of retracements that you need to learn to recognize and look for. They are: Simple retracements Retracement with-in ...

The first hint that a change in sentiment maybe happening is when price fails to form a HH and follows with a LL breaking the the point of the previous LH as shown by the red line. Now just because you see this ,it is no guarantee that the direction ...

OK lets get started. Until we can start any trading, we need to know what direction the market is going in , in other words its trend, we need to know if its up or down, sounds simple but its confusing to a lot of people and is up to a lot of ...

Unfortunately this trade ended in break even,not really a good time of the day to be trading this pair. Wait till start of Euro session. Perhaps some exciting times await today with the scottish voting.

eu/us trade currently in progress and now at B/E

Here's one just completed, , on cad/jpy ,if you go to the 5m chart you will see it is trending nicely.

Every successful trade to T/P is worth 8% to your balance so choose wisely.

Another example.

This is a typical clean setup that you should be looking for.

For anyone who is finding good 5m setups a bit thin on the ground lately because of low ADR and volitility might find looking for 1m setups an interesting pastime, but be warned if you get into these it might be hard to go back to more profitable 5m ...