We seem very close to the Entrex today on the H1 and two overheated RSI candles as well. I never guess tops and bottoms any more. But I wonder if we'll see a nice retrace today or not.

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Thanks for your recent tutorial posts ValeoFX...they've helped me a lot.

suk1000k those pdf's are so nice!

Most welcome, Poocher. I have not loaded today's picture yet, but will do so shortly.

Best wishes.

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"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"LET GO!! - Every adventure starts with a step into the unknown."

I hope you all spotted the 100-EMA holding back the short this morning??

Entry @ 7h35, but it bounced off the 100-EMA. My entry was at 07h50 opening when it closed below the 100-EMA.

The rest was pretty standard.

Exit? Did you notice how the H1 was behaving? What about the H4? The clues were there for you to close out with ±40 pips. Also, had you followed the 8-EMA, the slight delay @ 08h15 should not have worried you in spite of overheating RSis. Right?

Since then it was pretty much sideways.

PS............See the little Yellow Arrow where it signalled the entry this morning? It is nearly ready for you guys. I had to ask Mladen to get it sorted out and he has done so with his usual prowess and I like to thank him for that. The man who designed this Alert for me though, is my friend Gerhard (DayTrader) without whose help I cannot do. He is so selfless as what you wish people to be. Thank you my friend.

Attached Images

this morning's entry.gif (29.4 KB, 176 views)

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"LET GO!! - Every adventure starts with a step into the unknown."

That would be a nice little yellow arrow.

Just when I thought we had it "licked" the "problem child" proved me wrong. Sorry guys. We still have to wait for it to be sorted, but it is undoubtedly what we need.

Best wishes.

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"LET GO!! - Every adventure starts with a step into the unknown."

Here is this morning's entries.

You could have opted NOT to trade the first Long, but seeing that the bias was Long, it was legitimate. Reason being that the 08h10-candle overheated on the 180-EMA (equivalent of 15-EMA on H1) and the08h20 candle broke the EMAs.

Normally one would be cautious to trade here when the next Pivot level is only 3 pips away and we see that on the next candle where the price hits the Pivot level bounces back and tries again @ 08h35, to finally break through on the 08h45 candle for at least +20 pips. Watch the 15-EMA here!!

The short was predictable as the longer charts were overheated and entry came @ 09h50 when the price falls through the 15-EMA and the RSi-2 through the RSi-4; also the CCi-setup where the CCi-15 falls through the zero-line.

I was up +43 before the announcement and moved my stop to 9709 that is the Gann 225 Degree level and got stopped out for +23.

Please comment.

Best wishes for today and always.

Attached Images

this morning's entry.gif (33.3 KB, 123 views)

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"LET GO!! - Every adventure starts with a step into the unknown."

Hi Valeo

I tried this method a long time ago, but it was to complex to me, I did not have enough experience to follow all the rules. Than I stoped and waited, now I am back, I have been reading it all for a while and I will start following your posts in real time ( that is very important to me to see how it works).
Thank you a lot for posting it.

How about GBP/USD approaching ENTREX today?

__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.

"LET GO!! - Every adventure starts with a step into the unknown."