Laura, On Friday there was a sell signal on the 1hr timeframe for GU - Today it appears we have a sell signal using the 4hr timeframe. GU has been rangebound since the middle of May - I was thinking we might break to the downside but the 15 minute ...

Daylight Trading Strategy

The chart is from the close on Friday- Laura, I am curious to know how many different instruments you follow when using this system - do you follow just a few forex pairs or are you constantly switching between all the different time frames & pairs ...

Daylight Trading Strategy

Still lots of time until the NY close! I notice the Bollinger bands have narrowed down to almost nothing - always sign that a larger move is in the works soon. Maybe its coming next week?

Cable Update (GBPUSD)

Laura, how about on the 1 hour for that trade?

Daylight Trading Strategy

might be just an opportunity to add to your short!

Cable Update (GBPUSD)

I love that drawing you do of the hammer Moty! I don't know what the excuse was for that selloff, but it was quick & dirty for sure.

Cable Update (GBPUSD)

The weekly chart for G/U , if it were to close here or lower is looking rather ominous;

Cable Update (GBPUSD)

Moty, what's your guess as to where this selloff goes to? 1.3781 is the weekly pivot & if it goes lower than 1.3848 I'm thinking it heads there.

Cable Update (GBPUSD)

I keep thinking that this rally we have seen up to 1.40 is just a bounce & recovery from the low we saw at 1.3650s and that longer term, we should be selling the cable at these levels. I think the high in late Feb 1.42 was a major turning point & ...

Cable Update (GBPUSD)

Moty, what program are you running to get your buy & sell signals?

Cable Update (GBPUSD)

Source Tradingview, FOREX.com As the BOE was ”as expected” and the FOMC was not, the direction of GBP/USD will most likely depend on the direction of the US Dollar. If traders believe the Fed, the USD dollar will move lower. However, overnight the ...

Cable Update (GBPUSD)

Nice trade Davit! reminds me of the old saying "falling like a turd from a tall cow!" way to go!

Cable Update (GBPUSD)

Gbp/Cad looks interesting to me - I noticed R61 posted on the other pivot thread that N/C was worth taking a look at too.

Pivot Scalping with DrForexMD

Thanks!!

Pivot Trading

Davit, all you need to know is if the annual report says profit or loss & how much. Then file that as Misc. Income - it's taxed as ordinary income unfortunately, not cap gains. B y default, retail FOREX traders fall under Section 988, which covers ...

Pivot Trading

"Buy the rumor, sell the news"

Pivot Trading

Dear Davit, I am mostly a lurker here, as I am still getting to know the regular participants & their personalities in this thread - I hope to participate more fully in the future. I would like to add a few thoughts regarding the quote of you above. ...

Pivot Trading