GBPJPY 22 Feb '17

Just after London open (green line) GJ 5 min 3 bar reversal signaled buy (GU agreed chart not shown). So on the 5 min charts there was a valid buy set up.

I have often talked about moving average angle and separation. Here the 1 min chart red arrow up shows the next higher low/double bottom after the 5 min signal. The moving averages are not stacked correctly for a buy (10 below 100) and the 100 is still angled down.

When the 5 min 3 bar reversal signals sell (again 5 min GU agreed) the 1 min chart has a more typical look to it, see the red arrows down. Moving averages stacked correctly and nice angle/separation.

GBPUSD GBPJPY 10 Feb '17

I was not in front of the computer this morning.

GBPJPY late Asian session lows around 142.10 were tested just before London open and the 5 min chart has several hammers, then showing the break of this range down to 142.00 was rejected. London open (green line) gave a 5 min close on 142.00. This is reflected on the 1 min with a lower high swing with a top around 142.10. The break below 142.00 gave a small retrace higher and another lower high. See the 1 min chart 2 red arrows down after London open.

GU, GJ 5 min agreeing, lower highs, price below moving averages and last 3 bar reversal signals were down. 1 min lower highs, small retraces, entry candles are the negative closes with little/no lower wicks and price going 1 pip lower on next open candle. See 1 min red arrows down.

GBPUSD GBPJPY 6 Feb '17

I have a friend sitting with me most mornings and I am trying to get him to trust the higher low/lower highs after the London open green line. Most are signaled by the white arrow 3 bar reversal indicator.

This morning both GU and GJ signaled down just after LO and then 11.15 chart time signaled up.

GBPUSD GBPJPY 03 Feb '17

GBPUSD and GBPJPY both signaled buys (white arrows = 3 bar reversals) just after London open (green line). GBPUSD signaled a buy again at 11.05 chart time but GJ did not confirm so no trade.

GU and GJ then signaled 11.10 and 11.15 chart time before moving lower.

As usual I am looking to trade in direction of the 5 min 3 bar reversal buy above/sell below moving averages, timing entry from 1 min.

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.

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.