Fxnoob - could you give me a some screen shots to explain exactly what you mean? I'm guessing you are talking about the EUR/USD & the GBP/USD?? If you are then these markets are current in a box range / a rest state / consolidation period. When ...

4 Hour Strategy (MACD)

My feeling on the EUR at the moment is that there is no clear direction - We've been hanging around in the 150 pip range for a while. Where do you people see the upside target to be?

EURUSD

To answer your original question, about this being a valid trend line or not, I personally wouldn't. I like the line to touch at least 3 points, all be it wicks or candle bodies. Hope that helps.

Valid Trend Line?

What are you talking about?? There are many different uses of trendlines: potential price pull backs, target profit areas, support / resistance. Often alot of traders place stops / limit orders outside these lines which is why the market always ...

Valid Trend Line?

OH MY GOD!! that chart has just scared the living daylight out of me! I'm going for a walk!!! How do you ever figure out what is going on??

Cable Update (GBPUSD)

Mate, dont sell into support & around such an important whole number 1.50!!

Cable Update (GBPUSD)

There is a huge amount of resistance around 1.5050 / 1.5100 - however we've seen some strong upward momentum in the past few days, I'm waiting for a 4H candle close above 1.5100 area or below 1.4988 before she gets my attention. current price action ...

Cable Update (GBPUSD)

My chart looks slightly different to yours - the signal candle failed to close above the 2 long term trend lines which are around 1.5050 / 1.5100 there is a huge amount of resistance there so I did not take this signal. I'm waiting to see what ...

4 Hour Strategy (MACD)

Thanks for the comments. All the indicators are the original's which can be found here: url download them from there and follow the instructions. TRADING UPDATE: Both EUR/USD & GBP/USD are in a consolidation period, so its back to the waiting ...

4 Hour Strategy (MACD)

Guys q quick word of warning! any system which uses a crossing of MACD / EMA's or anything along those lines happens after the event - i.e. all these indicators lag behind what is actually going on in the marks currently (however small the time ...

2min scalping system

I would recommend looking at MIG investments. I've been with them for about 3 years and not once had a problem. I've never had any form of slippage and margins are competitive. http://www.migfx.com

Other MT4 borkers with high leverage

The master candle is basically a break out of what the Japanese call a box range, this can also be applied to Elliot wave as the period of consolidation with either be a 2nd or 4th wave. A lot of the trades which I take on are based on this theory, ...

Master candle

a re-test of the 1.3090 / 1.3070 region is the next target for me. Cheers

EURUSD

Together with the rest of you I cant really see the GBP going much high on this move - its placed a higher high on the daily charts, i would now bet on a period of consolidation / slight retracement back to around 1.4850

Cable Update (GBPUSD)

I have now loaded the video review of this trade: video As normal - Any questions please ask. Cheers WG

4 Hour Strategy (MACD)

Update - I have no decided to keep this upto date via video. All trades can be found on my channel. video Cheers WG

:: Smithy's Live Trades :: (EMA's / Pivots / News Traps)

Long of the EUR : Entry: 1.3370 TP : 1.3453 SL 1.3190 I will be posting a review of this trade after the exit. check video for more information. Cheers WG

EURUSD

Sorry you are correct - my entry was 4851, not 4751. I will be posting the video review tonight. Cheers WG

4 Hour Strategy (MACD)

You are correct - 2 of the traders are not covered here as of yet - I will try and upload these later tonight or tomorrow, together with my latest trade on the 1st of May Cheers WG

4 Hour Strategy (MACD)

I would be so sure about that! There is alot of resistance around the 5050 / 5100 area. Its worth standing on the side lines to get an indication about where the price action is lightly to go! Cheers WG

Cable Update (GBPUSD)