Hi guys,
I left because no one was ever here and I got bored typing with myself…lolol
I am long from 204.08 and shooting for 205.40 or so with a stop at 203.40.
If I get positive by 30 pips I will probably take 1/2 off and move stop to Break Even.
Interesting place to go long. I am not convinced that this support level has proven itself on the retest. Also why take off half at 30. You have to pay attention to relevant SR levels and maintain an adequate risk reward ratio. I may be teaching granny to suck eggs here and if I am just ignore my comments. Hope your trade works out OK
My view is short also because price is still stuck on the 200 ema(15m:D ) and looking to go down. So a nice straddle buy stop for a surprise bounce and sell stop for if speculation(my speculation:D ) is correct would be my opinion.
We can’t all agree and that is one thing that makes this market so fun.
And your view was correct! That was a nice little stop out.
Glad you’re back 
My bias is also still to the short side but for me, atm, this is still in no man’s land so I see nothing with high enough probability. She keeps bouncing between 203 and 204+ and I prefer it when she drops (or rises) 500 pips :D:D
If anyone sees THAT setting up, let me know!
Well, be clear about your timeframe and where your low risk entries occur. For a long off the lower trendline and for a short off the upper if you want to play within this channel. If looking to play the trend (also my preference) then wait for a clear break then pullback and test
I prefer the trend myself!
Here are a few charts with comments attached. Just some ideas for the coming week. Any input would be great!
GBPJPY hit dynamic resistance twice on the H1 chart.
Hello Rumpled,
Could you tell me what the dots on your charts are? They look very interresting. TY!
Pipchick
DOTS:
Blue - dynamic support
Red - dynamic resistance
Salmon - Fib projections 38.2 % and 61.8 % levels based on support/resistance range.
If price breaks out of the support/resistance level, then it usually seeks those Salmon colored dots… If you look back on the chart, you’ll see how though levels “predict” where price will go eventually.
The projections are based on the Barry support and resistance indicator. He uses fractals.
The last candle has a red dot at the high. That’s my dynamic support/resistance indicator that is based on highs/lows.
I turned on the dynamic fib retrace dots.
As you can see, price put in horizontal resistance, retraced 23%, bounced and then retraced 38% before the close.
Thanks Rumpled. Interresting indicator.
I did a search on your indicators. You seem to be a very good programmer. I downloaded the multi heat.zip along with the heatmap for mt4 and they froze my pc. Am I doing something wrong and would you mind posting them here along with yur dynamic fibs?
Here is a screen shot of the indicators I would love to have if you dont mind sharing…
You can go to kreslik dot com/forums to find the ones that are available for free. I downloaded the TRO Heat Map, MultiMeterHeat and MultiMeterTrand, also anchorfx-trendmaster and the currency heat map. Those are all the free ones. I had no problem installing them … did you extract them to your experts>>indicators folder?
Maybe if you got them from another site, not kreslik, try deleting them and re-downloading from the kreslik site.
As mentioned before, I only like to post in one place.
That way when I make a change, I only have to update them in one place.
As far as your computer FREEZING, you have to give it time to load. Each arrow or block has to process and that takes time.
Each one of those is like having a chart with an indicator on it.
Test post, BP kicking back my latest post.
He also has another indicator he posted elsewhere, I can re-attach it here. It’s called the sweetspot and I don’t know if it is specifc to the G-Y, but sure looks like it works well on the G-Y chart.
For example, in one of your attached charts, PipChick, you had drawn a trendline & said if price goes below that, could be short signal … well that tl intersects with a sweetspot line, giving an “x marks the spot” for price (which looks like it is 203.50)
Check it out… I’ve got these sweetspot lines on the hourly & daily. I am also using maurizio77’s 1 x 5 ema cross on the daily bars as that appears to be very predictive as well. The downside cross just occurred on Friday which further suggests a down move for the g-y. Time will tell 
BP seems to be rejecting my attachment … maybe too large as I added the other multiheat files that I got from the Kreslik site … will try with just the sweetspot files.
Sweetspot.zip (3.74 KB)
You have a PM.
Thanks for all the info Rumpled and 4xstar!