Question for everyone here... Was this a valid trade (going long on the 100 break)? Any idea why it went bad? Granted, I suppose it's still in play but I don't feel very good about it at this point... Looking at Daily and Weekly charts I don't see ...

Indicator Free Trading - Skunny

Oh yeah, I know. I don't mind at all as I took the opportunity to add on to my short position.

USD/JPY Discussion

So that bounce off support was a lot bigger than I expected...

USD/JPY Discussion

Yeah, I know. By a big move down I mean towards the 90.000-90.100 area.

USD/JPY Discussion

We are testing our major level of support for the day right now. Get ready for a breakout or a chance to buy off these levels on a bounce. Support seems fairly strong so expect a big move down if we break through the 90.300 level.

USD/JPY Discussion

I don't foresee a break of the 90.30 area today, will likely happen sometime this week though and I think we'll see a breakout further south from there. Today the third pivot support comes in right around 90.30 as well as the 38.2% fib retrace from ...

USD/JPY Discussion

I'm currently bearish on USDJPY, holding a short from 90.936. On the weekly chart we can see two attempted breaks of the 50% fib level on the long move down that both failed and since then we are heading south indicating to me that the bearish trend ...

USD/JPY Discussion

I only measure by pips because everyone uses different lot sizes. As for position size I adjust depending on my SL/risk tolerance for that specific trade.

EURUSD

I went long about an hour ago on EURUSD at .43784, currently +25 pips or so. Just letting it run atm looking for a sign to exit...

EURUSD

Long! — Been long since 9200 earlier today currently at +120-ish pips. TP'd half my lots at +75 or so. I would advise against shorting this pair until the bullish trendline is broken which has not happened for a while yet. Bias is definitely ...

AUD/USD