Thanks for visiting. The mechanics of how I trade is under “The Nitty Gritty”. A link for my MetaTrader 4 DBRS template is in “Goodies”. Comments and Questions are welcome because this is how we learn!  (If the comment area is not visible please click on “Continue Reading” ) God Bless.

This was a EUR 4 hr DBRS of the MS type. Entry was @ 3358. Note the Stoc divergence and the FxTrifecta cross! It has gone 136 pips @ the close on Friday 4/9/10 but I think it has more in it. The next resistance area is 3536 then 3573. We’ll see.

It had more just as that ol’ DBRS thought. lol It If were in it long I would be out here though. Gaps like to be filled!!!

Here is the 4 Hr EUR setting up for a FxTrifects cross and a potential short DBRS. But we HAVE to wait for the candle to close … 2hr and 15 min to go

The EUR presented this Short DBRS on 4/12/10 at 6:00 GMT while waiting for the 4 hr candle to close for a possible FxTrifecta cross short. Unfortunately i do not watch the 1 hr much prefering instead the 30 min. But I was expecting a DBRS to present so I looked around but saw this way too late.

We waited and here it is. Entered short at the open of the next candle. So now we wait and let the FxTrifecta and the DBRS do its thing. The .50 Fib retracement is at 3486 but the Big Number 3500 is just above… so my TP is set to the 3510 area .  My initial Stop is 10 pips above the high at 3704. I will adjust the SL lower as the trade progresses, thereby reducing my risk. Praise God.

Well here it is. A Wild ride. Exited the trade early at the Big Number 3520 today. I had enough. I still think that the Gap will close though. We will see. This was not your normal FxTrifecta Cross. The MACD never fell due to the massive consolidation. (BTW that CF at the bottom is not a DBRS of the ES type. It looks like one but the candle before the CF is too big.)

God Bless.