​It's way to soon to call it a day. Only Sunderland is red by now.

Cable Update (GBPUSD)

Low liquidity + fat fingers from the big boys and we get +600 pip spikes, very nice indeed. Market has just realized that it may not be such a smooth ride after all. I think even Deutsche Börse chief won't sleep so easy as he thought tonight. He ...

Cable Update (GBPUSD)

​This is very dangerous positioning. Markets calculated in only 25 % chance of Brexit but polls showing cca. 50 % chance. If Brexit passes there could be very strong move to the downside for EUR and GBP and not so strong move to the upside or even ...

EURUSD

It's not 100 % negative correlation between WTI and USD/CAD, but it's still strong. If you see S&P 500 moving up, USdollar index will probably move don't (lowered FED rate hike expectations by the markets) and WTI will move up and vice versa. Not ...

USD/CAD

​I'd say if WTI brakes above 50 we'll see revisiting 1.2650 and maybe 1.2460. If it stays under 50 and completes H&S on 4h TF we'll see climb to 1.29 and then 1.3 or even 1.318 in a short to medium term. With brexit yes vote USD/CAD will most ...

USD/CAD

Anyone still trading into the Brexit, please watch this dailyfx video, maybe you'll change your mind. If not, good luck trading out there, you may need it

EURUSD

​Anyone still trading into the Brexit, please watch this dailyfx video , maybe you'll change your mind. If not, good luck trading.

Dragon Riders GBP/JPY

Do you have negative protection balance guaranteed by your broker? If we see 10, 20 % cable slump no stops can be guaranteed​. It could be one way market. Any broker who guarantees such stops could go bankrupt by having leveraged retail positions ...

A note for extreme caution in todays BREXIT vote

If BREXIT vote passes this USD/GBP will fall like a rock. Markets are clearly betting on Brexit no vote. No stops would be safe, it could be EUR/CHF scenario for retails all over again. This is very dangerous time to be trading.

Cable Update (GBPUSD)

​You would need Brexit for so steep decline. Given FED and ECB divergence we will hit 1.0500 sooner or later, but who knows when.

EURUSD

What is hitting eur so hard? Global equites and oil slump, Brexit fears? Yellen was a bit dowish, so that should have been good for euro in the short term, right? I know divergence between FED and ECB mon policy is huge, but I have still anticipated ...

EURUSD

At least we see system won't kill our accounts in a long run. I don't believe you can back test every single aspect of a system. There are so many factors to consider, S/R levels, TL, price patterns, daily market sentiment, news events etc. all of ...

Fibonacci Expansion Trading System

This trading system is basically ascending and inverted scallops chart pattern trading according to Thomas Bulkowski. It's overall statistical performance rank in stock markets is one of the best out there (1. is best): 3. out of 23. Granted stock ...

Fibonacci Expansion Trading System

​This is trend trading strategy so I don't believe it can be tested by EA. If for example price trades inside a range or congestion area, you shouldn't apply it until you have confirmed breakout. EA doesn't know that so it will open trades ...

Fibonacci Expansion Trading System

​Great tool, thanks. Would it be possible to add 200 SMA as an option? To say open longs only above 200 and shorts beneath it?

Fibonacci Expansion Trading System

​Your welcome, thanks for the answer. Just one thought about FETS system crossed my mind. When price reaches FE 100, maybe it would be better to move SL a shadow and a spread pips under point B (not to BE). In my observations when price reaches ...

Fibonacci Expansion Trading System

Can you please tell us what kind of trailing stop rules do you use?​

Fibonacci Expansion Trading System

/ Divergence is just one confirmation signal, if it's there I'm a bit more confident that trade might work. I basically use RSI to confirm momentum. When RSI rises above 70 to overbought territory I wait for a pullback. If RSI stays above 40 after ...

Fibonacci Expansion Trading System

If price retraces more than 61,8 % A-B move you would be buying directly under B resistance point - screenshot (not a good idea) - . I would prefer classical entry, open position when price closes above B point. Just my 2 cents.

Fibonacci Expansion Trading System