EUR/USD appears to be in c-leg higher of minor a-b-c up from June 13, thus room to 12670/12690. Expect failure into 12690 and a relapse back to 12575/12530. Below 12480 should threaten 12405 then key 12325 (below confirms renewed bear for return ...

EURUSD

Preferred view on cable is a larger wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. Favor decline to 18260/18175 zone where may see a bounce. Below 18150 however focuses on key 17935 (below here confirms bear market back ...

GBPUSD

EUR/USD's oversold bounce could have topped at 12670, shy of 12690 key resistance. 12530/12500 resilient, but below 12480 should threaten 12405 then key 12325 (below should confirm renewed bear for return to/below 11640). Back above 12650 sees scope ...

EURUSD

EUR/USD is seeing some stabilization initially near 12500 although below 12480 should threaten key 12325 quickly (sell break as should confirm renewed bear for return to/below 11640). On extended bounce, expect failure into 12690 (look to sell). ...

EURUSD

Preferred view is larger wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. We favor decline to 18260/18175 zone where may see a bounce. Below 18150 however (sell break) focuses on key 17935. Above 18495/ 18530 stabilizes, ...

GBPUSD

Given low volume readings, potential for implosion on break of 18530. Preferred view is that a larger [B] wave correction up from Nov 2005 low ended as 78.6% level at 19015 probed. Pressure on for 18530/18495 initially then 18415/18335. Close above ...

GBPUSD

EUR/USD thrust above 12910 should trigger upside, favor 13125 and potentially key 13235 before potential for topping. Immediate reversal back under 12860 is first warning, and only below 12810 implies failure and a return to 12690/12500. ...

EURUSD

chart looks toppy

EURUSD

Our preferred view on cable is that a larger [B] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18495. Below focuses on 18415/18335 followed by 18200. Reclaiming 18745 turns tide again. Close ...

GBPUSD

The spike is on my charts too!

GBP/JPY - 1M Chart of FX DirectDealerToday!!

Preferred view is that a larger [B] wave correction up from Nov 2005 low ending as 78.6% level at 19015 is probed. We favour decline to 18600. Below here should threaten 18495 next and below here 18200. Close above 19015 however negates bear view ...

GBPUSD

Cable forms a (latest) high, but the Rsi doesn't, this is typical divergence in over-bought position and buying runs out of steam ( on 5 minute chart). image

Newbie Guide to understand Divergence.

Well its certainly broke out that channel now, 100 pips down from my call last night, i'm still short on this pair.

GBPUSD

I see Cable is still trending in below channel, i'm calling a short from here for a day trade in next few hours or when London opens.

GBPUSD

I trade the FX for a living, i usually achieve some 200-700 pips a month, so far this month i've done 474 pips since the 4th May. I like to trade 5 minute charts and 4 hour charts, i know there is alot of difference on time scale between the 2 but ...

Is it Possible to Make Money in Forex Market

cool.

GBPUSD

I think cable is looking a very good short medium term, i think it will consolidate to high 1.70's to low 1.80's. I can certainly see it chasing that trend line at just below 1.84 area. I feel the correction will take place around July time, unless ...

GBPUSD

I've done 474 pips in 13 trading days this month, i dont use leverage or stops, unless they are trailing stops to lock in profit. i dont feel the need to state % or how much i've made, but i'm doing nicely.

What is your monthly target?

For quick scalps, i think the answer to your question would be to trade divergence on the 5 minute chart using RSi, i find the Rsi charts work well for scalping ( 5 min ) on cable. I much prefer using divergence on the 4 hr charts, this is where the ...

Trading Divergence