There are a couple of intraday trades which we will follow up today. As I have said before, the method of analysis is more important than the result of the trade. Mind you, the result better be good - we are here to make money after all. But if you know which techniques to apply to which situation, you are more than halfway through. Every situation warrants a different tool and a different set of techniques, and traders must be aware of what is going on around them. That is what we practice here in the Live Trading Room - chart time, chart time, chart time! The more you do it, the more familiar you get with it, and results follow. GBP/JPY on 30 minute timeframe gave us a Regular Bullish Divergence, with the price making lower lows, and stochastics (or any other oscillator) giving higher lows. According to our "Rules of Thumb", this is a kind of divergence we label as a "Class A" divergence. This type of divergence warrants an aggressive trade. We use Fibonacci Retracements to get our entries and stop levels, and targets. Price stopped at the 127% retracement level exactly. Fibonacci levels are very, very accurate - if you get yourself familiar with Fibonacci ratios and ways to use them, you are miles ahead of most other traders. I won't go into the methodology for how this trade is done - we'll save that for the Live Trading Room. Needless to say, the techniques we use are very effective. On the GBP/USD we have a very similar situation. A similar Bullish Regular Divergence setup was found, also warranting aggressive trades. Fibonacci Retracements gave a target at 127%, which was reached successfully. We did not take this trade, however - opting for the GBP/JPY trade instead. Another situation where you want to use a specific kind of technique occurred on the USD/CAD, on the 4h charts. The pair has been in a consistent downtrend. When you are in a consistent trend, you want to look for Hidden Divergence to find good entry points into the trend. Rules of Thumb for Hidden Divergences demand that confirm our trade with Fibonacci Fans, and determine our targets with Fibonacci Expansions. The price stopped exactly at the 161% expansion level - do those fibs work, what? If you are aware of what situation warrants which kind of techniques, you are into a stress-free trade. And thats the best sort of trade to be in. Lets end this recap with a follow-up on the USD/JPY. We have been Long on the breakout of a daily Triangle Formation. Our expected target is 120 - still 250 more points to go, but the price is going steadily in our direction. This is what is known as a Swing Trade. We had a lesson on Swing Trades in our Live Trading Room recently, and our members are well aware of the rules for getting into a swing trade, and properly managing it. We are not bothered by intraday movement. We are pateintly waiting for it to hit our target 2, 3, 5 days forward. I would say we closed our week with excellent results. I welcome you to join us - the knowledge and theory you get are very well worth it. Visit http://www.fxinstructor.com to learn more.