Todays returns

Today 1 trade, 1 winner.

Month to date 2 winners 0 losers ROI 2.2%.


See my trades at forexfactory under useful links where trades and charts are posted.


We missed the 2b sell below 5425 level on the 7RB chart. The multi bottom earlier 5355 with CII divergence buy was a little early for us. Nice set up though.

We took this lh and just waited for DO 5392 to clear.

Exit +24 when 5360 held a few times.

Todays returns

Today 1 trade, 1 winner.

Month to date 1 winner 0 losers ROI 1%.


See my trades at forexfactory under useful links where trades and charts are posted.


CII divergence on 1hr, 30 min, 15 min and 5 min. Dble top, 15 min doji. Entry taken when 7RB showed div and neg close.

Target run down to 50 level. I had to pop out and missed the perfect system lh trades that followed.

Todays returns

Today 3 trades, 1 winner 1 loser.

Month to date 24 winners 10 losers ROI 28.6%.


See my trades at forexfactory under useful links where trades and charts are posted.


We sold the 2b set up right at the top but as is usually the case got out at BE when we hit +8/9 a couple of times and it seemed like it just didn't want to go.

Entered a little later again. This was against pos close 15 min candles but 15 min had upper wick and the vol in move up on 5 min clearly falling away. The res area is clearly shown on 5 min at the 5565 W pivot. The 7RB entry was there but showing the 5 min as for us it just seemed to show the res area clearer. Exit at psych level +23.

We then had a later re-entry 7RB lh below psych level exited for small loss when it never followed through.

Todays returns

Today 2 trades, 1 winner 1 loser.

Month to date 23 winners 9 losers ROI 27.8%.


See my trades at forexfactory under useful links where trades and charts are posted.

More on Last post - Bounces from key levels

See 31 May blog post Key levels will they hold or fail.

There are numerous key levels on any chart. For example previous support and resistance levels, pivots, round numbers, fib's. The more important the level the bigger the reaction should be. There are some very good traders out there that can identify and trade these key levels.

I look to exit trades at key levels and then look for a reaction. As an example if a certain price caused a 200 pip move previously and comes back hits and moves 40, hits again and moves 20 (hopefully you've been in all the trades in direction of trend). Those smaller bounces away from the key level are usually pretty good indications that the key level will fail.

Nothing works 100% (as previously mentioned and price will do what it wants) but apart from the hope that we will have been in the moves (trading higher lows and lower highs) to the key levels, we look at the size of bounces. If the bounces are getting smaller we'll look for the right candles to see if that key level will fail.

Bounces from key levels

Regulars at my forexfactory thread have seen me talk of these set ups many, many times.

I wasn't in front of computer for this one.

EJ almost gets to 106, and bounces some 70 pips. Then it falls to 25 level and the bounces get smaller and smaller. Smaller bounces from a level is a high prob signal that the level will fail.

When the right set up occurs, 1hr down, 15 min down, 5 min lh with little/low lower wick on set up candle there's a good chance its going to break through.

If you got in earlier bounces and got out keep going if bounces are smaller.

Fxpro Info

GBP/USD
Another bear signal emerged Tuesday following the break into fresh one-month lows below 1.5465, extending the short-term downtrend towards 1.5415 and congested daily moving average support at 1.5350. However, there is scope for a deeper setback towards 1.5320, and the more significant pivotal support level at 1.5230. Only a break above 1.5503 would provide temporary respite, but corrective strength should be limited to resistance at 1.5540.