1. 1st trade of the day, a little riskier than usual for me, only a 2 bar pullback and didn’t quite touch the 8SMA. However it did look like a bounce off of L3 so I jumped in. Not many pips here, I moved my SL down when I saw that IB (Inside Bar)

1b. SL was moved down at this IB and price then turned so out for just a handful of pips here.

2. Missed out on the big drop for some reason but I let it go and decided to be patient and wait for the pullback. There was obvious power for the down so I knew a pullback would go somewhere. A nice M2 PB (Pin Bar) CeC (Candle eats Candle) combo off the 200SMA was exactly what I needed to see, also a CeC on the M3.

2b. My SL just survived the earlier IB but then this CeC against me was a sure time to take profit

3. We had already had 3 waves of movement down on this move so I needed more than just a CeC at the 21SMA to convince me. We had some sideways movement and MC’s (Master Candles) formed on the M2 and M3. I was not looking for any longs yet so I ignored the nudge to the upside and waited to break the MC to enter, it went more than 10 pips in my favor so SL went to +1 and that is all that I ended up with

4. Now we had Divergence and the next MC after the previous trade did not interest me, however, the next MC had price down exactly to where it had recently been and set us up for a double bottom. Divergence was definately confirmed now and a break of this MC to the upside followed a CeC.

4b. Usual style exit here, CeC the other way and at a Pivot Line

Not many pips this morning and not the easiest time of it but with a calm head and patience the market can nealry always be navigated.

1. Obvious downtrend on the M5 and M8 bouncing off their 21SMA’s the whole way. This is a very clear cut trade so I won’t say much but once the triple stoch was back in its gray area and price was at a reasonable place to turn (based on the M8 trendline) I waited for some price action signals. We had a nice CeC (Candle eats Candle) on all 4 timeframes for this one

1b. Usual exit upon reverse CeC

2. Triple Stoch was back in the gray but this was still a counter trend trade and I played this one with caution. 3 timeframes gave us a CeC so I gave it a shot

2b. Y’s low was good enough for me at this point based on what I was seeing

OK, so I did not post any trades yesterday because I started the day with a loss and it was not even a real loss. It was a bonehead move on my part and it really got to me. I was however able to see myself being taken over by anger so I stepped away and did not trade again. I did check in during the second session but it was looking messy and I decided to not bother. I should have taken a screenshot of my loosing trade and posted it, I know, but I was all bent out of shape and wasn’t thinking straight.

Today was nice though and I have been enjoying 7GMT alot lately so here is a nice trade right on cue.

1. Price slowly moved down after breaking the MC (Master Candle) right before the gray zone started. The triple stoch was in its gray area and we had an army of red arrows from multiple CeC’s (Candle eats Candle) on the M5 aswell as a few on the M8. After the CeC on the M2 and M3 I was not convinced but then it started moving in chunks so I knew bigger players were joining in to this move. After a big jolt I was re-quoted and I accpted, to my dissapointment I found myself in near the pivot but I held on and that IB sealed my confidence in the trade

1b. Usual style of take profit for me here as the most recent red candles high was passed by 3 pips

2. Once again the triple stoch was in its gray area, we had a 2 bar pullback which is not my favorite but price did go just passed the 8SMA so I entered on the M2 M3 CeC combo

 2b. Same old exit for me here as we had a doji and shooting star combo which made me doubt any continuation

1. Not the easiest read here but you clearly see lower highs on all timeframes and the T’s open line being the line to break. We had recently had IB’s (Inside Bar) broken to the downside on M5 and M8, this was followed by a double IB break to the downside on the M2, then we had a CEC (candle eats candle) IB combo on the M3. I waited until we passed T’s open by 3 pips and then I entered

1b. I was exited from this trade with 50 pips because I was too fast to put my SL to +50 and I got clipped. However, price made it though the 3 pivots here but then suddenly got rejected and ate the big long red candle by more than 55% which would have been my usuall signal to exit

2. Nice clean 4 bar pullback followed by a CEC

2b. SL was to break even fast on this one since the triple stoch was already oversold and we were far away from the 21SMA on both the M5 and M8, then CEC the other way exited me with just a small profit

3. After divergence to the down move the triple stoch returned to the gray area and we had a small pullback to the 8SMA which was worth a shot, entry was the M3 CEC

3b. CEC the other way was once again the exit for just a small profit

Well, interesting story here. Woke up early since I am very much enjoying 07GMT lately. I had a power outage and my monster desktop can only run on the UPS I have for about 10 minutes. So, I shut down the desktop and plug in my router to the UPS so I at leats have internet, then I boot up the laptop, and due to the smaller screen size, have to trade with just M2 and M3. I remembered how much simpler it seems like this and advise newcomers to master those 2 timeframes first.

1.  Here we had slight divergence on the end of that down move, the triple stoch then passes through they gray zone and we have a 3-bar pullback on the M2 followed by a CEC (candle eats candle). It was right off my favorite view of the 3 SMA’s as they all split open like fingers. Very simple entry and exit here,I did not get the whole move because of my personal SL rule where I exit when we get a CEC the wrong way

2. I think I already summed this exit up above

Firstly I did not take this trade due to my focus being on the EJ. I did not even have my second MT4 open at that point due to the EJ moving the way I like and I always give preference to the EJ. This is a trade I would have taken though had the EJ not been moving properly and so it is worth posting and commenting on.

1. This would be my entry point, M3 had already given you an entry point (you could have taken that) and the triple stoch was crossing through its gray zone. We had broken the M5 and M8 trendlines and the breakout was seting up perfectly exactly as the London session and higher volumes had begun. Higher lows on all timeframes can be seen but I would have been watching very closely how it reacted at the breakout line. We has already had 3 hits on this line so if the reaction was bad there I would definately abandon ship.

2. The reaction at this set of 2 pivot lines would have been my exit signal. This trade did go a little further but I would not have waited to see.

 *All of my trade posts will be using the ED3 setup only from now on

1. My entry point was this cec, the triple stoch had passed through its gray zone without any signals for me. I waited for the pullback, once near the 21SMA I pulled the trigger as soon as the cec was confirmed on M2, There were 8 mins of sideways movement and I held the trade with my SL at the fib 38.2 pivot. M5 and M8 had pinbars and had made it back to their 8SMA. The earlier M3 cec was not valid as it had not made it back to the M3 8SMA as per the minimum requirements. Higher low is clear on the M8 and we were making M2 higher highs and lows also. The 200SMA on the M2 was a concern but there was too much going for this trade and as we see it also setup the breakout perfectly.

2. At this point right after that IB I moved my SL to +50 and let it go with a trailing 20. It turned and knocked me out with the +50.

*All of my trade posts will be using the ED3 setup only from now on

This is a somewhat experimental combination of the ED1 and ED2 templates along with the 13 period RSI from an old M1 strategy of mine. I decided after some live chat this week that I wanted to bring divergence back into my trading for those times where waiting for lower or higher lows and highs will make you miss the trade. Today happens to have provided me with a trade to help explain it visually for you.

1. Obvious RSI divergence shows the dying of momentum to this upward movement which was also just a news reaction anyway. It had gone far enough from the 200SMA to back up a need for it to return and then we have a candle eats candle setup occur. You can see that I did not take the first candle eats candle setup because I wanted to see how it acted at the pivot line. After a weak bounce off the line the second candle eats candle was good enough for me. Note that the Triple Stoch from ED1 was also crossing 60.

1b. A more powerful bounce off of this pivot created a long spike hammer style candle and so I exited and took my profit.

2.  This second trade for me was a wave 5 style trade and was a nice candle eats candle at the 21sma.

2b. I exited at the line for no real reason to be honest, I just wanted profit and felt like it. I called this trade and its exit in real time in todays chat.

This mornings London session trade for me was on the GBP/USD M3 chart. The M2 did not signal an entry here but the M3 did, this is a nice example of why it is worth learning what has to be said in the 2nd more advanced e-book.

We had a very slightly higher low and very slightly higher high, as soon as the bulls over powered the bears at the 21SMA I jumped in. The 200SMA was in the way and we were below it so my SL went to +1 as soon as the trade was +20, I then moved it to +10 when price bounced off the 200SMA. After that doji formed at the 200SMA my SL went just below it. The breakout then triggerd which is always nice.

I have had to close this trade at +50 to secure my session target due to personal matters I must go and attend.

Self explanatory this image, I was not happy with the volumes dropping though so I put my SL to+1 quite quickly and then to +10 pretty soon after that. I then applied a 25pip Trailing and let it run its course. It came back down and I only banked 10pips