UJ daily chart, just went short here looking for it to fill the lower gab and bounce off of the upper triangle trend line, The yellow trend lines are Andrews Pitchfork. If the upper gap fills first then will add to fill the bottom gap. Anyway I'm betting Andrews Pitchfork will contain the price for now.

sure taking a long time for spreads to chill out.

Decided to take both orders at 30 pips. I think it may just be taking out stop losses for all the longs, could edge back up a bit before really tanking. May get back in before bed in a few hrs if it looks good. That was your set up pennies Thanks.

I'm still holding for awhile, up 25 pips with two orders. May take one and put break even stop on other. Will decides soon.

Looks like an Adam and Eve top forming on the 4HR. Taking a small position here and see how it acts. Thanks for the heads up.

Thanks stk, going to give it some room to breathe and see what comes.
left plenty of room to add if necessary.

I've been looking at it all day but haven't been able to pull the trigger. My chart is giving me mixed signals. Will wait for another candle or two. But may short before bed.

CAD/CHF 4HR chart
went short at .8992 Looking for retrace back to 61.8 fib level.
Have negative divergence on last 3 bars on retouch of trend line.

pennies take a look at EJ daily and the upper trend line, see what you think. Price is bumping that trend line again. looks promising for a trade soon.

OK, I see wave 2 & 4 are very similar at the moment, Going to keep an eye on this one. Thanks

UJ daily chart and last weeks Gap up.
Just thinking a retrace to 98.14 would fill the gap at the 50 fibo and hit the upper trend line again for a possible bounce, maybe a big one, Just thinking, any thoughts on this one??

Pennies I had a thought and a question for you regarding Gaps and 88.6 retrace. If you look at the chart I just posted in the previous post, If one were to move the fibo up and place the 88.6 right at a gap closure that would place AJ at .95 before a retrace to 88.6. Question could this be a way to determine top if AJ heads North again?? That is to place 88.6 at gap and look for top at "0" Hopefully I'm making sense. Also on that 4hr AJ chart it looks like it may be setting up wave 4 now after a strong wave three that began with the gap. Does that look possible.

Look at AJ gap from last week. A 78.6 retrace missis filling gap by 10 pips, an 88.6 retrace would fill it nicely. Also I thought it was interesting how price respects the even numbers on this cross (the dotted yellow lines) you can see many touches and closes going months back. considering going short this evening here, see how it acts at the open.

I'd like to see that series pennies. Your past videos were well done. I've really cleaned and simplified my charts. Its like the less distractions on the chart the more you can see, my results have improved. I like the naked trading approach. I can at least wear my underwear though... right??

It seems to be on their end, I'll quit trying to make it work for now.

Yes me too. Can not connect with Mobil or computer, computer gets timed out.

Hey pennies, took a small position in GJ leaving room to add. How can you go wrong with a double zig-zag correction, right?

I took that UCAD trade before I went to bed SG just closed it for 54 pips.

Hey guys, Stop Hunting article and interesting set up to take advantage of it. In the example they are using round number zones on the chart, but seems this could work even better with key FIB zones. One could also very the two pip zones, in the example they use 15pip. But depending on the pair could also go to 10 or 20 pip zones. I'm going to look for a place to try this.

http://www.investopedia.com/articles/forex/06/stophunting.asp

Hey SG I've been watching the daily on this one. It's coming off of that 88.6 pennies likes so much and walking down the upper trendline. Looks like it could come down to the lower trend line around the 50% fibo. It sure is a slow mover though, could take it days to get there. I'm thinking I'm going to take this one. Following is Daily chart of U/CAD

EU 4HR snapshot. EU has been in a 220 pip horizontal channel since the 22nd of July. I'm watching for this one to fall below but my indie suggests it will go back up. This looks like a good place for a classic head fake, got to be a lot of eyes on this one. I'm thinking a fall below and a retest of the horizontal support line to be safe.

Nice, nothing like being on the right side of a Gap

Lol. I thought you were going to tell which way it was going.

pennies I need your help with this one, hope your having a nice Labor day week end. This is daily of UJ. This is some kind of an EW triangle?? or bullish pennant?? Whichever way this goes it looks like a thousand pip move. The mouth of this is over 900 pips.

Beast 4HR Gap up 75 pips

Looks like Yen crosses gaped as well. Showing on my MT4 but not on OandaFX.

AU opened with Gap up about 45pips

OK just took 42 pips. Nice set up thanks, Going to spend some time on the patternsite this weekend, I'm thinking trading patterns that few traders are looking for might be an advantage. I see as well as Adam and eve, there are Eve and Adam pattern.

pennies, you didn't want to hold GU over the week-end? I'm up 40+ pips Hmmmm Maybe I'll take it and find a good price to reload on Sunday

Which sucker, there are a lot of them lol. EU??

Pennies I found a link you sent me along time ago on the adam and eve set up. This is great site, had forgotten about it. Here is a link with the Adam and eve double bottom.

http://thepatternsite.com/aedb.html

Nice bet on NU pennies, you seem pretty confident, I'm in a little bit, Looking for that bottom trend line to hold on the 4hr

pennies do you expect AU to retest the 88.6 at .8890 ? You gave targets of .9285 and 9525. Do you think we have lift off, or one more test of the bottom? Thanks, been watching the public account, You have totally ROCKED August. Nice trading, I'm impressed.

nice work, going to hold for a while, have my eye on the 23.6 retrace at .7842

Glad you think so pennies. I was just looking at NU thinking about going long. I'm long NU as long as the trend line holds up.

that crazy thing has a 7pip spread, NU has an inverse correlation, though only -54 Hmmmm...What are you thinking for a TP. buy the way I added to my EJ position last night and closed it this morning for nice profit. Thanks for that setup, Just had to be patient. Do you see EJ setting up for further decline.

EJ looks like its weakening some this afternoon, I'm ready for it to tank.

Looks good pennies I'm in. I see you closed your NU. I'm still holding NU for now with TP set at 7910 just below the 38.2 retrace, although I may regret it, I'm letting pips get away from me on this morning pullback.

OK, will make a note of that, thanks

pennies had a question about the dollar index. Can one get an idea here about strength of dollar. Or is it too general because its based against a basket of other currencies, or is that a good thing FX street has a pretty good chart here. http://www.fxstreet.com/rates-charts/usdollar-index/