GBPUSD 16 Nov.

This was a tough trade decision for me.

Almost all the day price was drifting on H4 chart. After the first DBar price was hesitating around it neither breaking it up or down.

The second one also wasn't credible. I've placed the order (buy stop) after the pull back two sessions later.
This was supported by the Balance line and 3 green AO signals where I've added two more orders.
They all were hit next session (before the last visible on the chart).

I've put 15 pips trailing stops which was hit on the next session beginning assuring 70pips profit.
Nice end of the week

GBPJPY 13-14 Nov.

Yesterday (13th) GBPYPJ started a big green candle up - second DBar.
After this second DBar ended I decided to place a buy stop order above it.
It was supported by the green zone.

Next came 2AO above zero signal and the Zone itself, so I had 3 buy stop orders almost on the same level (#1).

Next signal was 3AO bars (#2) and balance line signals on the same level - both took on the next session.
I neglected Zone signals because of the strong move and the short distance to the gap.

Finally trailing stop was hit after the gap was closed - where it seemed a logical end of the trade.

Orders were active in the range 228.01 to 231.01 where was the exit. Nice move for 4 hours chart.

CADJPY 5-11 Nov 2007

4 hours chart
CADJPY offered excellent entry after consolidation.

Point	Descriptions
1	Consolidation ended. Last up fractal taken. I put order there because price was above alligator.
2	Stop Buy orders on AO & BL signals. Both taken. Ignoring Zone for the steep move.
3	Dbar. Stop loss moved below the load. Stop sell order placed. Both taken.
4	Red Zone
5	Red Zone. Big volatility. Stop loss tighten. Small Loss
6	All sell orders taken.
7	BL sell stop order. Taken during next session. DBar. Stops tighten,
8	Stop loss taken. Ignoring DBar.
9	BL sell stop order. Steep move. Keeping stops tight.
10	End of week. Closing all trades.

This pair offered an excellent profit.

GBPAUD - "on the next day" - part three

We have a nice movie here ;-)

Bearish Divergent Bar starting few days ago (look here part 1 and part 2 ) offered a great opportunity for a profitable trade and no pitfalls at all 8-D

For a trader the only concern was to keep the eyes open and to catch each signal.

After the nice move it seems that it is time for collecting profit. Acceleration is slowing and momentum has turned up.

Looking on the daily chart we see that it is the right forming of a head and shoulder pattern, so there are to choices here:
Either to break down
or turn up

Look patiently.

GBPAUD - "on the next day" - part two

GBPAUD - "on the next day"

The trade entered after second Bearish Divergent Bar (look here ) moved strongly down taking furiously all signals generated on the way. Nevertheless Acceleration is slowing there is a good chance to hit 78% Fibo level (what about 100% level?)

We have to look for new signals soon...

How to benefit without Divergent Bar

Not all moves form Divergent Bars signaling us for change in movement direction.
A sample is USDCAD 4 hours chart here. The lack of Bearish Divergent Bar cannot stop trader to make some profit.

The long down side move has stopped for a while ranging in a narrow path. Yesterday attempt to break down this range was unsuccessful, but formed a Bearish Fractal signal. This and previously two taken fractals have to sharp our attention. This decision was supported by Bullish fractals going in down direction too; last one failed taking 1.0885 level.

Using Balance line signals I've put few sell stop orders - just in case. It doesn't seem to me that the down move could continue. Today we see that trader have to obey signals!

Stop Loss is moved below last order so I'm in a free trade now waiting for more signals.

Why not?!

When Alligator wakes up

On USDCHF 4 hour chart we can see the long sleep of the Alligator (light blue rectangle).

"... the longer it sleeps the hunger it gets..."

Here we can clearly see this in action ;-) More than 20 sessions price has gravitated around 1.2280 level.
We've got two Bearish Divergent Bar signals which seemed (before diving) weak and accidental especially first one.

But the strength pumped during the sleep exploded and if trader has not set its buy stop orders would probably miss at least the first entry.

Last bearish DBar was also signaled by bearish divergent into the Acceleration (up in price while strong down in AC)

"... we take all and each signal after the first fractal break..."

With green are marked all sell order signals on this steep down path.

EURAUD H4 setup

We have a posible setup forming these few hours on EURAUD 4 hours chart.

From May 11 we have small range move while market hesitates where to go. AC rotates around the zero line.

This breath gives us time to analyze situation and to decide what to to next.

There are two bullish divergent bars and two bearish down fractals formed during last few sessions.

AO was red below Dbars and now shows 3 green bars which signals for a moment to add to the trade.


On the other had we must be prepared for a turn down and some continuation of the previous direction (down).

On the daily chart we could see currently forming Double Bottoms backed up by strong acceleration and momentum crossing below the Zero line.


On the weekly chart we could clearly see the debate between Bulls and Bears around 61.8% level.

Bears had four unsuccessful attempt to break the support, but Bulls had pushed them out. As a result both Momentum (AO) and Acceleration (AC) have turned into Green Zone.