Personally, i wait for them to break below support solidly...then take short at retracement test of support now turn resistance.

Trend Trading All Pairs

i see your fundamental reasoning...however, i dont feel comfortable initiating a shot until break of those lines (chart below). Besides, the weekly chart of GBP/CAD showed a massive consolidation.

Price Action and Trading Discussion

FX4NEWBIES, thanks for all your kind words. and the vouch. i have vouch for you too. excellent work. i look forward to learning a lot from you.

Are you a consistently profitable trader?

i am of the opposite position: that confluence area is good for a short bounce...gbp/cad buy. i know that the fundamental of cad beats that of gbp...gbp/cad has been consolidating for ever... reasons stated on chart.

Price Action and Trading Discussion

Here is site that may even be better..it was provided by quezoy. it contains the same information with more flexibility of manipulation. A good example is my long GBP/AUD trade(now closed). I know it is counter trend(fundamental and technical). that ...

Trend Trading All Pairs

You put it perfectly. It is completely pointless. the main thing is knowing where to trade them(at confluence)....and in what direction(in the direction of the technical and fundamental trend). A little note: there is this book called "encyclopedia ...

Trend Trading All Pairs

I got used to it. How are we able to drive given all the information we have to process: the road rules of driving, pedestrians, balloons flying, stupid drivers doing stupid driving, listening to the radio at the same time, wet, slippery road, how ...

Trend Trading All Pairs

trade update. GBP/AUD is now up by +50pips from entry...with an initial risk of -21pips...that makes roughly 2.5 times risk. chart attached.

Nearly Naked (Simple Trades)

Nicely done. It is currently at 99.99 right now. smooth.

Price Action and Trading Discussion

thank you, sir. --SKYNET p.s. good news: gbp/aud up by +50pips....roughly 2.5 times the -21pips risk.

Are you a consistently profitable trader?

trade update: GBP/AUD is up by +50 pips from entry point...effectively 2.5times the risk of -21pips. chart update attached:

Are you a consistently profitable trader?

If i may say this: whatever you want to do, bro. Good for you. Of course, if people starts bothering you about your system....one can always move to another thread. Case in point...i was having drama on euranalysis...i stop going there. problem ...

Price Action and Trading Discussion

GBP/AUD long. The trade is already at BE for technical reasons and because of the news GBP coming in 2hrs. AUD fundamentals clearly kick GBP fundamentals. THE trend on GBP/AUD is clearly down...this means this is less than optimal trade, so why did ...

Nearly Naked (Simple Trades)

i cant believe that i missed this one. short EUR/JPY...solid fundamental direction too.

Price Action and Trading Discussion

i am currently scanning H4 again...just in case i missed something.....

Trend Trading All Pairs

AS A PART TECHNICIAN, i concurr with the dark wolf, nothing much else to add.

Price Action and Trading Discussion

Thanks. I like your advice. I would like to think i follow it too...i just spent some time really trying to understand why S/R levels sometimes work and sometimes doesnt. a depth undestanding, if you will. Both from a fundamental point of view and ...

Price Action and Trading Discussion

ANYBODY SEEING ANY HECTOR SETUPS? i am still scanning back and forth..... I use this for my CDS info. url do you have something better, shomari?. feel free to share.

Trend Trading All Pairs

Below are the charts for a countertrend trade that i am in right now. long GBP/AUD. Since you are a hard core chartist, ha-pattern...i will keep my explanations strictly to charts. I will ignore fundamentals and sentiment analysis of any kind. below ...

Are you a consistently profitable trader?

There is information cascade from fundamental players(generally higher HTF) to lower time frames(generally technical traders). Contrary to popular beliefs HTF fundamental trader with horizon stretching beyonds months and years react faster than ...

Are you a consistently profitable trader?