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- ForexMGames replied Sep 25, 2014
Hi, 40% is the highest rebate available. You can try forexpositive.com PM me for details.
- ForexMGames replied Jun 29, 2014
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400 image
- ForexMGames replied Apr 8, 2014
Learn support & resistance, combine it with fibonacci retracement. And you got a powerful trading system.
- ForexMGames replied Apr 7, 2014
XAUUSD gold is consolidating within a wide $260 range. With gold this week at $1300, its currently in the middle of the range from $1180 to $1440. Price action suggests a possible double or triple bottom. No strong directional opinion as gold is ...
- ForexMGames replied Mar 16, 2014
On the very large time frame, we see a very nice rising channel in GBPJPY. image I would like to enter long in anticipation of price touching point 3. Where would be a good place to enter long? Harmonics might hold the key. image LONG GBPJPY ...
- ForexMGames replied Mar 2, 2014
On the weekly chart, I see 2 conflicting views. There is the down trendline in red, and also the up trendline in green. Which trendline shall prevail? My inclination is for the down trendline to hold EURUSD. image There is a bearish bat harmonic ...
- ForexMGames replied Feb 23, 2014
On the larger 4hr timeframe chart, I see two things happening. First, there is a potential head & shoulders pattern forming. Second, the neckline of the H&S pattern is exactly at a major pivotal support/resistance zone of 1.5000. Based on this ...
- ForexMGames replied Feb 11, 2014
On the bigger timeframe, a potential head and shoulders bearish pattern is forming. In the present moment, GBPUSD is forming the right shoulder. The price action in week 07 and week 08 should determine the validity of the right shoulder. image If ...
- ForexMGames replied Jan 29, 2014
Trading RBNZ rate statement 140129 WED 2000GMT 1 hour after the FOMC statement, RBNZ is announcing their official cash rate and rate statement. RBNZ is widely expected to raise interest rates sometime in March/April. However, there is a small 20-30% ...
- ForexMGames replied Jan 29, 2014
Trading FOMC statement 140129 WED 1900GMT The FED should be announcing another round of $10B taper of QE. This is a bullish USD move. Large volatility is expected. Remember to manage your position size accordingly. 2 ways to play this move. A) Short ...
- ForexMGames replied Jan 22, 2014
For the time being, USDJPY is temporary stalling at the 61.8% FIB retracement. image Strategy is to buy on breakout above 105.50. image
- ForexMGames commented Jan 15, 2014
These are the algos (computer traders). Computer programs buying and selling in less than an eye blink.
- ForexMGames replied Jan 15, 2014
This is a promising trade. Multiple technical indicators are lining up nicely. Although there are no 100% certainties in trading, it is good to see all the ducks in the same row. On the harmonic front, there is a bullish cypher pattern developing. ...
- ForexMGames replied Jan 14, 2014
On the other hand, if you remain bullish on USDJPY. Look to enter long positions at completion of bullish bat harmonic pattern. LONG USDJPY 102.00 SL 40-50pips TP 104.00 image
- ForexMGames replied Jan 14, 2014
On the other hand, if you remain bullish on USDJPY. Look to enter long positions at completion of bullish bat harmonic pattern. LONG USDJPY 102.00 SL 40-50pips TP 104.00 image
- ForexMGames replied Jan 13, 2014
If you are bearish USDJPY, then this is a good location to go short Short USDJPY 103.80-104.00 SL 40-50pips TP 102.00 image
- ForexMGames replied Jan 5, 2014
2013 is a good year for GBPUSD. A new BOE governor, Mark Carney, help to steer the ship in the right direction. The economy turn from doldrums to recovery mode. Most major UK economic indicators, including the PMIs, are on the way up. The growing UK ...
- ForexMGames replied Dec 17, 2013
From the first post, i spoke about the length of time taken by each wave. The table is re-shown here. image We notice something familiar going on. Both the corrective waves 2 and 4, they have taken about the same number of weeks to form. Wave 2 ...
- ForexMGames replied Dec 16, 2013
Wave 3 must not be the shortest wave. This USDJPY wave 3 is really very long. My thinking is wave 5 should be between wave 3 and 1. USDJPY around 108 is one of my target projections for wave 5. See part 2 of my post coming soon.
- ForexMGames replied Dec 16, 2013
Elliott Wave analysis works in all timeframes. From my personal experience, it becomes easier to spot the waves when using larger time frames. For today's school of trading, my focus shall be on the weekly chart. In the USDJPY weekly chart here, we ...