I have a limit TTO (thresh-hold trigger order) in place, with high leverage: Short at 1.5032 Take Profit: 1.5020 Stop loss: 1.5040 I'm not sure whether it will reach back up to 1.5032, or whether it will just continue to go down, to test 1.50. Time ...

Galations - EUR/CHF

What's the point in watching it at this point at night anyway? This is the dead time, when you should be resting or having fun! Set your limit order, your TTO's, your stops and take profit levels and go relax: simple as.

Cable Update (GBPUSD)

A lot of people are speculating whether price will go up or down, but maybe haven't considered a prolonged time of ranging. It's not uncommon for currency pairs to range for 6 months or more in a relatively tight trading range. It's also interesting ...

Cable Update (GBPUSD)

Did you make those little diagrams yourself?

Galations - EUR/CHF

Yeah, volume of this pair is very low at the moment. I've never tried using the ichimoku cloud on a pair that didn't have the JPY, as I believe that a part of an indicators success is the amount of volume being traded through the use of the ...

Galations - EUR/CHF

Yeah, there has been some very strong support at 1.50. If price does test this area again, it will be interesting to keep a close eye on how it reacts to it, as that will be a telling sign of what it may do.

Galations - EUR/CHF

You're bang on the money, 100% right. The longer it ranges, the more positions will be added below and above the range. After that absolutely mammoth bullish breakout, price action has been ranging as you have said, in an almost bullish flag ...

Galations - EUR/CHF

From my experience of this pair, price tends to respect support and resistance levels many times before breaking through, making trades based on support and resistance levels & whole number a fruitful affair.

Galations - EUR/CHF

Something you will notice when you trade this pair is that price quite often gets sucked back to the daily start, at least one point during the trading day. As they are bother ever so similar, the volatility is often rather low, and is a nice pair ...

Galations - EUR/CHF

Cable still in ascending triangle, as per the graph.

Cable Update (GBPUSD)

She could also go up witha bang.

Cable Update (GBPUSD)

Lovely Jubly !

Cable Update (GBPUSD)

At this time on Friday, I am definitely not opening a new position. However, next week, I am Bullish, depending on the fundermental news data and developements of course. Me = Bullish

Cable Update (GBPUSD)

I can see that play working out to behonest.

Cable Update (GBPUSD)

My Chart.

Cable Update (GBPUSD)

I believe we are talking in principle, that if we took a short, and price started going north, then we wouldn't be confident in holding our short. It's an issue of confidence in the direction of the price movement, not an issue of trying to prove ...

Cable Update (GBPUSD)

To show you what I'm looking at. Fairly straight forward and self explanatory. Horizontal lines - Lines added by myself where I have seen price change and stall at in the past. Blue ascending triangle Trend lines, two slightly different ones, but ...

Cable Update (GBPUSD)

I am bullish as well really. I look at the daily candles, and price action is still clearly above the trend line. I wouldn't feel comfortable or confident holding a losing short, and for that reason, I'm not shorting. I only buy in the direction of ...

Cable Update (GBPUSD)

I am looking at the underlying trend line of the Cable, combined with the strong resistance, gives the potential of an ascending triangle play. Just keep an eye on the trend lines.

Cable Update (GBPUSD)

No, why would he like losing? He has good money management: which helpt to negate and supress fear and emotion before opening a trade and whilst in a trade.

Cable Update (GBPUSD)