I got out on that trade. My initial entry was stopped out at break even and I took a loss on the add. Technically was a good trade but I should have closed it earlier before the news while I had a nice profit. Lesson learned on to the next trade.

USD/CAD

After this trade. I'm have to admit I'm turned off from CAD pairs. At least until they settle down.

USD/CAD

I've been a CAD bear from about 95.420 and added more @ 94.758 [CADJPY] I'll admit that its been a bit of a nervous trade. Very volatile and waiting through that range recently was like pulling teeth.

USD/CAD

One way to avoid that is to wait for the pullback after a break. Downside is sometimes you miss the breakout if it doesn't pull back.

USD/JPY Discussion

OK have fun

USD/JPY Discussion

Don't know anything about the fundamentals. All I know is I seen a major supply area @ 121.852 which can easily be observed on the daily chart. I've had a sell order sitting there for days waiting to get hit. It offered a nice tight stop of about 45 ...

USD/JPY Discussion

USDJPY is heading up to a supply area between 121.53 and 121.823. This area offers a tight stop and a good R:R ratio for sellers. If this area does not hold the next major supply area is between 123 and 124 which represents the highest high on the ...

USD/JPY Discussion

Sounds reasonable.

CADJPY - Trade Idea

That's really only relevant if I was reacting to all those meaningless wicks. My trade idea is based on established levels. But to each his own.

CADJPY - Trade Idea

Indeed

CADJPY - Trade Idea

Trade idea.

Cable Update (GBPUSD)

Current trade idea on UCAD. If it retests the bottom of the range I'm going to go long. If it breaks the range I'll wait for a pull back and go short.

USD/CAD

Looking for a retrace and bounce @ 119.78. Target @ 120.458.

USD/JPY Discussion

I also like to day trade the 5M charts. Here is a setup I am eyeballing for later tonight.

5min trading

I'm not what you would call consistently profitable. I can however share a few things that got me going in the right direction. I removed all the indicators from my chart and learned to trade price structure. The chart reveals the intention of the ...

Best forex market strategy or theory I should use?

Testing out an intraday trade on UJ.

USD/JPY Discussion

My view of USDCAD ------------------------ Long term trend clearly bull. Consolidation pattern has formed. I am bullish on UCAD. And am waiting for a break in either direction to enter. The only price resistance I see is at 1.3100 back in 2009

USD/CAD

My view of GU ------------------- Main trend clearly bear. Previous area of support now acting as resistance. Price has been hovering at the resistance area for about a week and failed to break through. When it becomes more clear that price is going ...

Cable Update (GBPUSD)

My view of UJ ------------------- The overall trend is clearly bull. Price retraced back and found support at the red lines creating a double bottom type pattern. Price broke above the short term descending trend line. I am moderatly bullish on UJ ...

USD/JPY Discussion