On 3 August, you check USDCAD chart 1htf, and you saw prices in the bottom area , CCI and supertrend were pointing down. What should you do next?
In 30mtf you can see that supertrend is flat during asia session, and after the European session open, you see the opportunity to sell from 1.0767 (valid signal) and SL 27 pips (1.0794). Target is 100 pips and amount is $ 370.
You closed the transaction at 1.0671 which produced a net profit of 92 pips.
$370 x 92 % = $340
Total deposit = $5.340
After successfully raise your capital, what should you do next?
You must mark the bottom area with a red ellipse because this is a new lower low.
Please note that we are not going to learn about the reversal to supertrend, so that you keep focus on basic entry and exit.
Let’s back to 1h. Prices have fallen 300 pips from the last double top.
There is no valid signal for you.
Great charts Joe…like ThePheonix says…becoming clearer 
How about analyzing the recent charts for the coming week…starting with EURUSD. Do you use Trendlines at all? There really isn’t any double tops on the H1 chart, but there is a descending trendline as I marked up. Then I marked a couple of double bottoms (or closest thereto).
So then it can either
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continue down after hitting that upper trendline and we watch for a short signal (stochs are overbought)?, or
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wait to see if it goes back down to the double bottom first …(since range is only 130ish from trendline to double bottom, by the time a short signal comes it could be much less than that)… and then wait for a bounce (long) or break (short)?, or
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I suppose it could still break the upper trendline and we watch for a long signal?..
So many possibilities!..lol…What you think?
For the GBPUSD H1 chart. Seems we are at a double top…or at lease a resistance level that has been hit twice. The CCI is still green, and price is about 2/3rd up between a previous highest high (not shown further to left) and the lowest low which previously formed triple bottoms.
So I suppose if price breaks the resistance which is at Fridays R1, then we’d want to go long…200 pip range to the high?..however stochs show overbought, so it may instead go back down. The pip range back to the bottom is about 300, so getting a hundred out of that is not unreasonable?
Finally the USDJPY. It’s been in quite a down trend for the past week for a 300 pip range. However it looks like the trendline has been broken and price may start an uptrend.
Wondering too if an inverted head & shoulders may be in progress and just looking for a right shoulder to complete it.
CCI is yellow so waiting.
What a great analysis SweetPip, eurusd is keep trying to break the 1h trendline and if successful the price will continue to 1.4450 to match the top in 4htf. We will wait for correction and go long .
If this trendline is too strong, EURUSD will target the bottom area of 4h (1.4040) that were located quite interesting, which is 280 pips. If this is the scenario, then the price will be down through supertrend (change superternd colorto red), and then back again to the trendline and will be down during the European session.
I am very careful to buy in the top, unless there is a strong break out and I will buy after correction.
Wait and see
[QUOTE=Sweet Pip;132527]Finally the USDJPY. It’s been in quite a down trend for the past week for a 300 pip range. However it looks like the trendline has been broken and price may start an uptrend.
I agree, we are going north.
Wondering too if an inverted head & shoulders may be in progress and just looking for a right shoulder to complete it.
I am seeing that too, price will be back to try to break 93.19
CCI is yellow so waiting.
CCI is green
I have a problem to log in 
I’ve been having some problems lately too…keep getting a “server was reset message”, or something like that, and asks if I want to try again…and it hangs when trying to navigate from thread to thread or just refreshing the new posts list…
All prices are still moving flat and only suitable for scalping.
I’m thinking this might last for awhile since there’s not much in the way of new releases coming up…just german factory orders for EUR in 4 1/2 hrs, more EUR news in 28 hrs, then a day and 1/2 for USD…so what’s going to move prices in the meantime…lol…?
So what’s your scalping strategy?
Yes I agree, at least we still have to wait for U.S. markets open.
If you want to scalp, please use faster CCI (12.30) in 5mtf. Maximum target is between 10-20 pips.
Thank ya Sir 
I just did a 5 pip scalp on EU M30 before your post just using the emacrossover and stochs…lol…however, it looks I would have gotten a few more from the M5.
My pleasure. I think you are not interested in scalping, so I did not tell you before. This is how I scalp, although the results a little but often.
Please learn this chart if you like scalping.
