In our private posting, we posted out that GBPUSD is at turning point based on Tflow® analysis.

Indeed, that’s the point that cable turned up, of course with a Tflow® trigger.

Posted on 1 July 2010

GBPUSD we told you about the turning point with ED channel

See the move of 300 pips!

See question, how do I get in earlier?

That’s call finetuning and we can do it in lower timeframe such as M15, so to minimise risk and maximise reward.

To find out more, you can join our free forex seminar where we are going to showcase Tflow®

Only registerd users (ie TerraSeeds Tflow® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com

On 25 June, we had an exploding number for forex live hands on class. Overwhelming responses that we had to change our forex live trading to Singapore Management University.

Here, I taught students to do scalping, finetune all the way to 1 minute and 15 minute.

But most important, how to use scalping mentality to turn a scalping trade into a swing trade.

Indeed, price burst after our entry on EURUSD. We had a 100 pips profit in 2.5 hours.

Most important, we do not go against the dominating trend presented in D1.
With Tflow trigger presented guided with river, we are able to enter to our trade with a peace of mind.

We also religiously took our profit at each predicted target level.
Best of all, this was a low risk and a high reward trade. A 10 pips risk and 100 pips reward.

Only registerd users (ie TerraSeeds Tflow® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com

Only registerd users (ie TerraSeeds Tflow® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com

Only registerd users (ie TerraSeeds Tflow® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com

On my previous post on GBPUSD 6^th June 2010, I mention that we are looking for more downside in GBPUSD only if it breaks the Trend line (in red). However, it gets supported and forms a higher low instead.

On the daily chart of GBPUSD, we can see two channels being established. The bigger picture trend is down (in black); however there is also an up trending channel (in red).

There is also seemingly a double bottom formation; currently price is being resisted at the Resistance Zone (highlighted in red) where we can see how price interchange support and resistance.  This seemingly double bottom will only be true if the neckline (in blue) is broken and the bar has to close above it.

On the four hourly chart of GBPUSD, price hit the 76.4% Fibo level, also there’s a channel (in red), which could suggest a strong support and thus, price goes up.

There is a possible throw back zone at around 1.4550, which is the green horizontal line where there is an interchange of support and resistance level.

However, given above is just a possible throw back level, Tflow® trigger still have to apply for the move to come.

The long term view of EURUSD is still bearish and the current bullishness could be a good opportunity for a short entry!

The breakout from the daily down trendline shows some bullishness for EURUSD. While some bulls could be on a good entry, it is noted that yesterday’s high near 1.2150 happened near a level that is a classic “Support Turns Resistance”. This might hamper the bullish sentiments for the time being.

EURUSD Daily Chart

In the shorter term, there seem to be a resistance near 1.2150 level, as the 4 hourly chart reveals weakness and confusion via candles pattern

For any trade, we need to have triggers (most important in Tflow®!) Therefore, even though we see Dojis, this doesn’t mean we are shorting. We need to go to lower timeframe to wait for signal for an entry.

Note also that Price has broken up from the equi-distant channel (purple), thus, a near term support could be on the top of the channel) too.

Therefore, the short trade might not be easy – as price is trapped in a resistance and support zone.  The way to manage it is to fine tune in lower timeframe to minimise stops. That’s how we did it in Tflow®

New Zealand is going to announce cash rate  on Thursday morning, 5 am Singapore time.

Base on Tflow®, you could almost preduct the direction. This is because Tflow® is predictive.  Yes, we simplified Elliott Wave and combine with Advance Fibonacci where we can at the point that we open a trade, know our profit and stop loss.

I like to share with students my experience trading. I call it ‘IMPART’.

Success in trading encompasses many components – techniques, discipline, psychology, money management, risk management and very important, EXPERIENCES.  With enough experiences, one can learn to decipher if this is a feasible trade.

Experience unfortunately has to be acquired. Yes, acquired. Either let the market train you (thus acquire from market) or acquire from those with experiences.

Here’s an experience on $AUDUSD that I’ve shared in Forex Google Support Group.

Before:

After:

Let me share my experience with you on our Free Forex Educational Seminar. Write us an email to know more: forex@terraseeds.com

EURJPY has touched resistance of 125.26.

Resistance of EURJPY at 125.26

This level was made up of:

1. Prior price level

2. Advance Fibonacci Confluence of 38.2% and 76.4%

Based on Tflow®, there will be 2 paths as shown in chart. We like to assume the path of least resistance – that is EURJPY will be resisted unless broken.

So, we can finetune in lower timeframe for trigger.

Again, wait for flow to establish and the trigger to be presented.

No trigger no action!

In Tflow System, we are able to trade with precision and one of the most amazing techniques taught is advanced Fibonacci prediction. This means that even before we enter a trade, we know in advance the actual price of our risk and multiple targets.

This is unlikely a fixed profit target whereby one might be taking 10, 40 or even 80 pips per trade and missed out the possible 100 or even 1000 pips which the trade can give. Remember “cut your losses short, let your profits run“.

The chart below shows you how it can be done.

With advanced Fibonacci prediction by Tflow, we can find an entry shown by the red arrow and projected 5 possible target levels as shown.

So after 8hrs…

Surprised?! The market is so kind that Target 1 and 2 (210 pips and 255 pips) were all hit in 8 hrs, which is 2 bars after the entry, and the profit taking was near to the low of the bar before a pullback. So the prediction turns into reality for the 2 targets.

If suppose you went to sleep and work for the remaining days, without checking back on your trades for the next few days…

320 pips pocketed and near the lows after 16 hours or about 2 full working days. And you don’t have to glue to your screen and constant monitoring of the trade. It is as simple as “Set and Forget” or in auto-flight mode. Isn’t that gives you more time for yourself and perhaps a less stress trading strategy?

So let’s see if the next target is coming.

445 pips in 3 days! Yet, if you noticed, the price is very near target 4 then a pull back before dropping below target 4.

In  Tflow system, there is a way to identify the pullback and allow a re-entry to continue shorting GBPJPY.

After 3 days, GBPJPY has moved almost 480 pips, will it reach our projected target of 510 pips?

Whoala! 510 pips in 4 days!

Apart from having a good strategy,  patience and discipline are also important for a good trade to last for a long time.

Noticed again how Price had hit on the Target level and made a pullback.

As you had seen, this is a swing trade which one can made within a week and have the peace of mind to let it run for a long time – 4 days!

A 510 pips might mean USD 510 for a mini lot or USD 5100 for a standard lot.

So the risk / reward ratio will be USD 600 / USD 5100, which is 1 to 8.5.

Have you know of such strategy that you can trade with confidence and yet allowing it to run, without affecting your lifestyle?

If you are in search of one, then make time to hear what Terraseeds can offer you! Come for the coming course preview on the Forex Tflow Course.