EUR/JPY: finito la musica, passato la fiesta! — To continue my analysis on the direction of medium-term reversal, I have chosen this chart which displays some clear patterns. First of all, let's define the elements: 1 represents the main ...

EUR/JPY

EUR/JPY: finito la musica, passato la fiesta! — To continue my analysis on the direction of medium-term reversal, I have chosen this chart which displays some clear patterns. First of all, let's define the elements: 1 represents the main ...

Yen Crosses & Elliot Wave Charts 15m and Up

Of course — It's not like in maths to apply a formula and solve the problem. I always told my students not to look for maths in the markets. And I always advised them to change their stance and adjust their technical studies and positions ...

The trend is your friend Myth?

Some money management — yes if you have decent account then like $5000 using $2000 to do trade for 10 pip that is $200 for easy money[/quote] If you want to trade 2000$ you'd better have 200.000$ in your account, 200.000$ in your pocket and ...

The trend is your friend Myth?

Technical indicators — [quote=mtuppers;2298740]I think Parmalat mean either candle stick are trading with in a range, when the trend break out means it borken that range. or if you look at then trading range indicators, then it break out the ...

The trend is your friend Myth?

Breakouts — Sure, check my profile page and I think there's an address there of my former blog (which I used a few months ago to train students untill I realized that I'm losing too much time for too little money) and you'll see some breakout ...

The trend is your friend Myth?

Spotting trends and their lenght — If you want to know how long will a trend stay in time, learn to use Fibonacci time zones because they can be of help. However, if it's pips you're talking about then I think there are three rules: 1. Trends ...

The trend is your friend Myth?

Correlation between trends and fundamentals — A trader will trade the weekly and monthly because 1) he can afford to and 2) because the bigger the timeframe - the better the moves are supported by fundamentals. So if you want the truth in ...

The trend is your friend Myth?

We are trading whatever we can afford — There is no real trend in the forex market, no major currency will be valued "0.0000" against other currency so the market is rangebound (at least in this lifetime of ours). If you can afford to trade ...

The trend is your friend Myth?

Monthly chart — And they know damn well why they're trading the monthly. The greater the timeframe, the stronger the trend (better supported by fundamentals) so less risk for them. But I think it depends on what currency pair you're trading ...

USD Strengthening coming to an end???

EUR/USD longs — The only two sure things when you're trading are: 1) the money in your account and 2) the fact that every trend will have a retracement. With these two in mind, absolutely every position can be "correct", that is depending on ...

USD Strengthening coming to an end???

US equities — Actually, I also trade stocks (CFD's on stocks) and I believe they're gonna be a lot cheaper than they are now. If my analysis for USD/CHF is correct, we also note an inverted H&S on the monthly EUR/USD which can't even re-test ...

USD Strengthening coming to an end???

USD/CHF against major resistance, USD correction may be over — Displayed in the first chart is a weekly USD/CHF. What we see is a down-trend originating from November 13th 2005. Fib retracement shows USD/CHF testing 38.2% . We know from the ...

USD Strengthening coming to an end???

GBP/CHF long position taken — GBP/CHF displays a huge inverted head-and-shoulders pattern on the hourly that had just broken neckline. We decided to take the long with 50% of our normal volume at 2.0443 (because we couldn't catch the best ...

GBP/CHF and USD/CHF

— The only real $ strenght I would attribute only on chatter that the war in Irak is over and U.S. troops are coming home and all that money will enter the damn economy. Untill then it's other currencies' weakness.

Cable Update (GBPUSD)

GBP/USD at decision point: more downside to come? — Daily GBP/USD chart displays a clear head-and-shoulders continuation pattern. Unlike the typical head-and-shoulders reversal, this rare pattern - if completed by a breakout - signals ...

Cable Update (GBPUSD)

USD/JPY possible reversal ahead — USD/JPY displays an interesting pattern on the 4 hour chart, looking poised to develop a Head-and-shoulders. From a technical perspective, the recent up-moves are not sustained by similar moves of RSI, feature ...

USD/JPY Discussion

Will I still be a pig after the NFP report? :-s — 1.07 is a very long shot considering that the recent up-move has had no retracement. We are just starting to feel major resistance here, between 1.05 and 1.0550 there's enough to turn this pair ...

USD/CHF

Mental stops — Actually I place stops on rare occasions, mostly when price action heads in my direction and I want to go to a pizza... Never used trailing stops and I prefer to feel the market before triggering any order; my trading style ...

Who is best ? stop loss or trailing stop

And reason... — I think that some brokers have the bad habit to hedge their clients' positions. They know damn well that 95% of the trades placed are losers and if someone buys 100k of eur/usd target 100 pips/sl 50 pips, those brokers sell ...

Interbank FX. The most reliable MT4 broker around?