Monday, January 30, 2017

GBPUSD GBPJPY 30 Jan 2017

GBPJPY moving up was not agreeing with GBPUSD at London open (green line). GBPJPY flipped over and gave a lower high on the 5 min chart 10.35 candle close, 3 bar reversal alerted. The 1 min GBPJPY shows where the 5 min chart closed with the 10.39 candle highlighted.

Everything we look for in a trade. GJ and GU agreeing on 5 min with several GU lower highs signalling. GJ 1 min shows the test of 144.05 area and the small retrace up and lower high signals at 10.39 candle close. Entry candle has little/no lower wick.









Wednesday, January 25, 2017

DAX 25 Jan 2017

One of those instances where the 5 min 3 bar reversal did not alert and I wasn't watching and missed this move after London open.



GBPUSD GBPJPY 25 Jan 2017

GBPJPY gets a 3 bar reversal higher low buy signal at the close of the 10.25 candle. GBPUSD agreeing with move up after the double bottom at the London open.

The GBPJPY 1 minute chart highlights the close of the 5 min charts 10.25 candle at 10.29. Picture perfect entry. Clean initial A-B move up small retrace lower with a clean higher low, little/no upper wick candle.