All the pairs I'm watching have been trading water for the past two days, after the big move on Tuesday. With more time I'd look into non-JPY crosses to find relative strength, but I don't want to trade pairs that I'm not familiar with, especially ...

The WoRmHoLe

The egg came first. It is possible for the embryo in the egg to mutate from a pre-chicken lifeform into a chicken. Once it hatches it's a chicken and won't mutate into anything else during its lifetime. Of course, if that chicken is a hen (and not a ...

SeriousTrading

Thanks for the nice words, and all possible success for your trading! You'll mostly find me on the following two threads (neither my own): Long-term direction: url Short-term hints url

Session Breakouts (3 Trades, 15 minutes a day)

I fully agree. Since I typed my post GBPUSD has been making good headway to the upside, so caution is advised. The pair is up roughly 100 pips on the day, so with the ATR(10) standing at 169 there still is room to go.

The WoRmHoLe

Well, I'll see. Personally I don't believe in session-based trading. I watch them, because different market players make for different flows. I trade price action, which can be continuation or reversal, and look for support and resistance zones. The ...

Session Breakouts (3 Trades, 15 minutes a day)

Correct that: The pair has been going nowhere except against me... Hit R3 Fibo Pivot and last week's low, and USDJPY is starting to turn down as well. I see a good chance that last week's low acts as support turned into resistance. I usually ...

The WoRmHoLe

H4 triple top — GBPUSD is showing a triple top in the 1.6370/80 region on my H4 (GMT 0). I'm waiting to short either on a clear reversal signal on H1 or a break of the H4 trendline/Fibo Pivot R2 level. Definitely want to get on the ride once ...

The WoRmHoLe

Hi, Two things you might find interesting. Corporate traders (hedge funds, financial institutions, etc.) in the NY session often tend to reverse the price action of the Asian and European sessions. Especially for the major pairs, including GBPUSD ...

Session Breakouts (3 Trades, 15 minutes a day)

The pair has been going nowhere for the past 24 hours or so. On the H4, a rise in GBPUSD is neatly offset by a fall in USDJPY. I will be watching any breakout from the NY session (149.45 - 150.50 range) for direction. Good luck with your trades, ...

The WoRmHoLe

Hi, Don't mind at all. My background academically is in economics, mostly the effect of policy measures on real economic activity. Currently I'm doing research for a PhD, so I'm taking time off from my career and support myself by trading. My career ...

The WoRmHoLe

Hmmm... I'm doing pretty good on my demo accounts, but taking it life (I trade for a living) I still consistenly make stupid greed-fear-hope mistakes. Don't laugh, timeframe gets ever shorter if I show a profit, ever longer if I see a loss. I seem ...

The WoRmHoLe

oops. was late. gotta learn blind-touch typing...

The WoRmHoLe

Lemme chip in: google "liteforex" to install SIG Trader MT4. It has the currency indices. Or don't google and just go for it directly: url jesper

The WoRmHoLe

Still, should serve as a good reminder to stick to MM rules with life trading. So there is something to take away from the contest. I was busy doing other stuff today, so no new trades for me. Have a G/J short on that's in the red right now but ...

SeriousTrading

Just picked up an article in the Japanese news wires that individual long positions in USD/JPY are at a historical high. The big players in Japan at least are waiting for a sell-off by individual investors, which could be imminent given how the pair ...

The WoRmHoLe

So far — So far it's going well. Not enough to make the top-10, but a golf tournament is not won in the first round. More important, I had no losing trades, no drawdown, and am up over 16% on the day. With ridiculous position sizing, of ...

SeriousTrading

Quo vadis? — Talk about convergence... G/J down move stalled right at previous weekly low and daily pivot. My gut says it will attempt lower today, but without a prior retracement to the upside maybe G/U finds it easier to run -- if it can get ...

The WoRmHoLe

contest setup — Lion, You shared yours, so yours gets mine. I'm using a very simple setup for the context: In the main window, Black line: line graph Blue line: LWMA (5, weighted close) Red line: LWMA (55, weighted close) All the other ones ...

SeriousTrading

Also, I'm sure you have noticed that the spread on our favorite pair is rather high at 7 pips -- my main broker usually offers 2-3 pips, which is a huge difference when scalping. Maybe, at least during periods of similar volatility, EURJPY with ...

SeriousTrading

Good on 'ya! I was hoping to go to Dubai myself, but if you get to go at least you can share another great indicator!

SeriousTrading