kul sana wa inta tayyeb ya akhee..

Cable Update (GBPUSD)

Another good opportunity missed by my long averse eyes. On a more positive note i have learnt something new today. I was also disiplined enough not to take a trade for the sake of trading. No money lost so all in all a good day.

Trading with the Edge.

No sign of weakness in this pair. Nice clean move all the way to the reaction line.

Trading with the Edge.

Hey tentaro, Since i wrote that its bullishit this forex thing. Few kind people have wrote to me urging me not to give up hope and for a small fee i truly can have my very own cash cow. I must say i was not convinced but i didn't want to miss out so ...

Sorry, No Time to Read or Study. Need a System Now!

Was this some kind of a joke i was serious...i thought finally i might make it big in forex by buying some ready made system. How very foolish of me to believe the hype.

Sorry, No Time to Read or Study. Need a System Now!

Gosh i believed everything until i read the above. I mean which dumb ass is going to be fooled into believing that one could get rich by 8000 pips. Forget about the slippage of losing trades. Sorry i suspect its all bullshit this forex thing.

Sorry, No Time to Read or Study. Need a System Now!

Hey David, I also think 1.5810ish is a possible reversal area. I am waiting for the market to confirm it and hopefully i can get a nice sell signal.

EURUSD

I have been on the sidelines so far today. Although, we have had an incredible bullish move over the past few days. There might be a sell signal coming either later today or tomorrow. Ofcourse i shall wait for confirmation of it. In the ...

Trading with the Edge.

Well done. The coffee will be on you then when i visit KL.

Malaysia

Hi Littlejohn, You are right in terms of how one draws modified Schiff. However, justcatalin has modified this modification into something totally different and has backtested it and feels happy with the results. I discussed this with him last week ...

Andrews Pitchfork (Median Line)

Gosh, what a move! As it was a move generated by news release i did not trade it.

Trading with the Edge.

Thanks Dopey, I was aware of the fib retracement to 38% and the fact that it bounced off that level quite cleanly was a good indication of the likely bullish move ahead. Still i managed to focus on the short trade. This short bias is quite bizarre. ...

Trading with the Edge.

My friend if you think you are wrong then get out of the trade and wait for another opportunity. If you stay in a trade where you know you are wrong but are hoping for the market to turn then you will possibly make a small loss into a big one. Also ...

Cable Update (GBPUSD)

The above trade on a 4 hr chart.

Trading with the Edge.

Sorry I forgot to attach the chart. I had drawn these lines over the weekend. I am still amazed at their accuracy.

Trading with the Edge.

Hi Dopey, This weekend i was backtesting action reaction lines. In the chart below I drew a centre line and an action line. To my my amazement the price almost touched the reaction line and i am short of 1.5597. SL was only 10 pips above and now it ...

Trading with the Edge.

Thats an excellent post. Thank you.

EURUSD

Excellent. I am glad you are back as this thread went soooo.

Malaysia

Cable, what a ghastly sight.

Trading with the Edge.