What a beauty...Pin pointed that reversal to a tee.

Will take that 100pips and protect. Code cracked!

Tomorrow is Camelot Friday, I'll spend the day with the team as we finish off for the week. It's also NFP tomorrow...Please try to hit the boost button on our ideas and leave a comment, it really does motivate me to help you all, for free might I add. Obviously, I can't share everything in here as most of it is copied and then used on other groups. Will try my best to post a NFP Report tomorrow.

God bless. KOG

Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?

NFP today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. Best practice is to wait until next week.

The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!

EURUSD

DOW is worth watching at NYSE open.

Simple trading journal template. Copy it if you like, you should all be using one.