Yes, something may happen before getting to parity. (EU monthly chart). image

EURUSD

We are now entering a zone highly resistive, but we are bouncing from 1,022 monthly low. I would say we go up, but should I get a strong bearish signal between 1,05 and 1,06,I will protect or close my long. Who knows, I may even open a short, but ...

AUDNZD

I am long too. this is H4, we broke back up 1,4, the SMA100 and a ressitance line at 1,0338 image

AUDNZD

I am not going lonf because I trade h4 and today is NFP, but I see your point (here a weekly chart) image

Cable Update (GBPUSD)

Yes and the fact it did break down H4 SMA200 on its second attempt while still in the comsolidation figure just add to the confusion. image

USD/CAD

Yes, I definitely got some support around 1,52 .Let us see if it holds (GU weekly TF inluded) image

Cable Update (GBPUSD)

Well I do not know about legends, but on my chart the USD Index is out of its mind and pointing to the sky. It is clearly driven by fundamentals, but as I have never seen yet a currency reaching the stars, it will have to go down at some point. As a ...

Imminent collapse of the US dollar?

What I like in forex. For me weekly is ranging but the SMAs show possibility of a trend continuation. They all point up. Of course there is also that double top around 120,7. and the fact we went back under 120. image Now on H4 you see the 50 fib ...

USD/JPY Discussion

It surely is confusing. The cable starts to make lower lows and lower highs on H4 . The daily is a doji and we stay at a strong weekly fib level (1,5325). What s next ? I do not know. image

Cable Update (GBPUSD)

Jumping into the long wagon (that blue support line is a weekly fib.) image

Cable Update (GBPUSD)

Buytosell, what you wrote just means technical analysis is worth nothing. A technical analyst cannot move the price, so his interpretation does not matter.

AUD/USD

On the monthly it looks quite possible as it is a level that we broke anD still did not retest . And we are at a monthyl fib level that was not that east to break in the past . image Now, on smaller time frame you have to be bearish as long as we ...

EURUSD

I'll be back, I share your view. ,765 is ,77 is where the resistance begins, amd it ends around ,79. Another point : some croses EURNZD and AUDNZD are near historical lows, time for a pull back. image

NZD/USD

I use fib a lot . the critical point is to find which retracement affects the current move, and you may find it by trying different possibilities. Sometimes it will even be on a different timeframes. A good example is the current GU weekly chart. if ...

Fibo levels

There is no such a system, cause there is not a one profitable syste that will work for everybody. Take 10 good traders and they will use 10 different systems. The thing they will usually have in common is discipline. Please take also note that it ...

Is There Any Thread Summarizing How To Trade Forex?

Can't spend my whole day looking for news. I just take note of red tag news in the morning, write them down on my trading plan, to remember not to enter a trade with less than 1 hr to go. And that's it.

Do you check news all day?

As much as your money management plan allows you to do. For me it is 2 % of account.

biggest position size you can trade at one time

You can still find things to do on the forex, but it is true that eur is ranging, jpy has stopped growing, and usdcad is consolidating. Yes, it looks like a rest before the storm. Lots of setus on GBP and the AUD or NZD image

Who is shutting down the markets?

Well there was some following to that candle, but again not that much. we BROKE DOWN THE DAILY SMA20 (in black), but the Daily SMA40 i now coming near the support. I think we are going to test that support line, but I am not sure we are going to ...

USDCAD trend reversal?

MMMM.. strong daily bearish engulfing rejecting a fib resistance with a double top and rejecting a triangle resistance : time to think short ! image

USDCAD trend reversal?