I think it will bounce back down after hitting the upper trend line of the channel. The overall channel is pointing down on the 3hr TF. So it will probably approach the upper TL and then bounce back down IMO.

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I'm short at the moment. I could get pwnd during this

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That's really interesting. Thanks man, I want to think about this.

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I've attached another pic on why I think it will test the 4700 level. edit: something weird happened to that pic and the numbers are not visible But I think you guys can see on the chart where this is and know what I'm trying to say. edit 2: i ...

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Yeah true. I mean no one knows exactly what is going to happen but yeah just got to trade what we see on the chart.

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It may fall first but there is no doubt in my mind that it will test the 47 level again as well--particularly given the uncertainty on the bail out.

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where did you see that? What did Bernanke say exactly?

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That doesn't sound good

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Yeah that is possible as well. Having said that I have live account set up but I just need to wire some money across into it and then I can trade. You guys could have a point though. I have to be honest. I've been away from the charts for about a ...

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I'm not sure. I feel confident. The risk to reward ratio I post is deceiving because I usually close my trade if I see a large shift in momentum against me. For example if I see it pulsate against me at a certain speed I would then terminate the ...

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I am currently long. entered at 46575 with a t/p at 4680. With a very very wide stop loss. My analysis is based on a few things. Clearly we see a flight to quality towards the japanese yen for all majors. I then look at the relative cross strengh ...

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I'm just looking at the charts. Yeah we are range bound obviously. Still, I'm not liking the PA. There isn't that much movement. I was watching CNBC and the currency strategist said that there was a lot less volume in currency at the moment. Much ...

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Roger that

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I'm listening to this live sentate speech thing. They are all opposed it seems or at least opposed to giving a blank cheque. In a nut shell it is going to take a LONG time before these people are able to agree to Paulsons plan. None of this fills me ...

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ahh thanks dude and I found it in fxpro mt4 as well. So it is the #CLX8 code name now Thanks for your help dude

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Hi guys, is there another code for oil? I'm using fxpro MT4 #CLV8 was the Oil Futures contract. I'm wondering of #CLV8 is still the correct code to look at now currently or if it has changed to something else? My chart is currently stuck at $118.53 ...

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wheels are in motion — Hey guys, hope you're all doing well I just set up a new bank account and I'm hoping to finally get myself a 'Live' trading account set up. I'm pretty excited to start trading with a Live account. heh..I won't be ...

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Thanks dude, I've printed your post out and placed a copy on my wall as another trading strategy that I can add to my trading tool box kit

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Reduce the number of units you buy/sell per trade to a VERY small number like 1000 units = 10cents per pip and practice. Also this week has been an exception obviously. The US financials is basically collapsing. BIG crises. There is an increase in ...

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I like this triangle type of analysis that you do with your charts. I'm still trying to figure out how I can' integrate your triange strategy with my strategies.

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