Aye US market is closed, it's in slow crawl mode now. It should see a little more action with the Aud and jpy opens but normally not a whole lot. It's generally when I focus on those pairs then. Probably the easier markets to play, a bit more layed ...

Cable Update (GBPUSD)

Aye it is in part mouteki or at least the basic trend following principle. Over all my method is a bastard of quite a few systems. Using one another to confirm the the other, the more confirmations I have the more confidant I am of the trade. And ...

Cable Update (GBPUSD)

It's always risky calling reversals, which is why I try to limit my exposer. If I lose 10 pips it's normally not a big deal. It's only 10 pips. generally what I'll do with this next dip if it doesn't breach 790 is draw a trend line. From 790 to ...

Cable Update (GBPUSD)

I would say if comes down to 785 it's likely to continue on with a down trend. I prefer very tight stops, you could add a few pips to that. With tight stops like that it can often hit it then come right back, but if it reaches that point it can just ...

Cable Update (GBPUSD)

Aye would echo the above don't try it on a live account. Best to watch and learn the fundamentals, patterns and price action involved. On a demo or paper trading. Generally don't trade the first movement on high impact news, it can be a false move, ...

Beginners In Trading News

the jpy statement still has me on my toes, but starting to see some action of it coming up. It still has a bit of a downward momentum. Waiting for a clearer signal before I go for a small long. Likely a decent breach past 800 again. Swing batter ...

Cable Update (GBPUSD)

I concur market seems all weird now, but I kind of like it.

Cable Update (GBPUSD)

I learned my lesson with that.

USDCAD trend reversal?

It could still reverse

USDCAD trend reversal?

I would consider this one a high risk retracement, decent PA but it's lunch time for the US markets. And the 5 min chart has mostly run it's course (with 15 minute support) and very little movement, dictating there's still strength for the trend ...

USD/CAD - 1.0821 - shorting risks?

Couldn't say for sure, I know there's quite a few with very good accuracy, but no ones right all the time. Best bet is to do what Camisa stated and react to price action for the highest probability of success.

Cable Update (GBPUSD)

looks about done to me, 809 (today) 811 (yesterdays) daily pivot, weekly 801. PA on the 30min and 1h (30 min stoch is pegged in oversold) and US market lunch time (rarely picks up after that). Dang stock traders alway taking 1/2 days.

Cable Update (GBPUSD)

nice inverted hammer on the 1h off the 500 and possibly forming on the 4h, just waiting for conformation.

EURUSD

lol I was getting ready to get into a short for e/j, wasn't paying attention to the time. There was nice price action until the US market opened. Just gotta wait for for it to form again on the 30 min chart. : Not looking for a crash and burn ...

Daily GBP/JPY analysis

good thing I was waiting on that short, didn't quite realize is was NY market open time, thought it was earlier. Not looking so good now for a short with it being over 500, unless it forms a nice pin off it.

EURUSD

dang thing won't come down, good PA and it's just stalled there, same with the jpy's.

EURUSD

crazy price action going on looking for my short again (edit oops that's meant for e/u)

Cable Update (GBPUSD)

Waiting for it to come back up before I go short, to make sure it doesn't want to keep going.

Cable Update (GBPUSD)

ya I wasn't expecting that :surprised from a low impact statement, that changed the outlook of both pairs pretty quickly.

Cable Update (GBPUSD)

looks pretty sound to me at least for the short term (next few hours). Long term anything can happen, but the trend is down.

USD/CAD - 1.0821 - shorting risks?