Lotta false crossovers with Ichimoku...especially with Forex. I wouldn't say it's worthless, but I wouldn't use it. But consider this is coming from a person who loathes all indicators in general, except for the ATR, which actually is quite useful ...

Ichimoku for long term trading

So what exactly does this indicator do? Just highlight any IB's?

The DIBS Method... No Free Lunch continues

Well, we broke the long term trendline, BUT if you noticed these candlesticks highlighted in your picture are pin bars. These usually occur at a bottom. So if I had to choose between the two (I already did choose, I went long) I'd say we rally from ...

USD/JPY Discussion

Just bought in at 101.40. Looking for quick bounce up, about 30 pips, to the prior daily uptrend line which we broker earlier today.

USD/JPY Discussion

Took long at 1.6825. Tight stop at 1.6815.

Cable Update (GBPUSD)

Here is chart of Gold with red sliding parallel lines: image

Andrews Pitchfork (Median Line)

Some of the forks drawn here don't have sliding parallel lines representing support and resistance. Also, some are missing quartile lines. You need both of these to have a complete fork.

Andrews Pitchfork (Median Line)

Going short here is not a good idea, usd/jpy has made a little w bottom. image

USD/JPY Discussion

Just put in a limit order to buy at 171.40; this is right about where the uptrend line is on the daily chart. Stop is 171.15.

Geppy's Geppy Thread (GBP/JPY)

Finished the week with +70 pips. Now, looking forward, it appears a breakout is setting up, but which way? Probably up since we've got great support at 101.50, but I'll be ready in the event it goes south. image And as an aside, I think I will ...

USD/JPY Discussion

Just bought back in at 101.50 off a bounce off the trendline. image

USD/JPY Discussion

And the results from today: image

USD/CHF

A simple strategy is best. For me, I look for buys and sells at support and resistance; and I use Andrew's Pitchfork with sliding parallel lines in addition to traditional support and resistance. I also have an indicator which highlights inside ...

Only Gold!

Yeah, forgot to mention expiry. VERY important. Bullion banks love to push ITM calls OTM. As far as the COT, only casually paid attention to it. Never to a degree that it actually influenced a trading decision though.

Only Gold!

Gold always gets pounded like clockwork anytime Yellen is testifying in front of Congress, or whenever the FOMC makes a statement regarding monetary policy and the overall health of the economy; gold also gets beaten down right after the release of ...

Only Gold!

What type of moving avgs are those?

Geppy's Geppy Thread (GBP/JPY)