Hi Scarecru, I stayed away from USDCAD on Friday, but went on UJ long after NFP. CLosed half at +40, second half is now at BE For USDCAD this my current trading plan, based on M, W, and D analysis : "Ranging. Possible bearish trend in formation, but ...

USDCAD trend reversal?

This monthly chart explains why I keep a bullish bias in my mind about GJ. It looks like it is rejecting a retest of broken SMA200 resistance. I would say we are going to make another try at that 50 fib line around 185. Remember it is a monthly ...

Geppy's Geppy Thread (GBP/JPY)

What do you think guys? Is USDCAD finally going down or just retesting two broken resistances (monthly chart) ? Honestly I wonder, so today I will take it both sides should I get a good signal.

USDCAD trend reversal?

Hi Mothiram, I think you are asking the wrong way. Ask yourselves two questions : How much do you want to risk on a single trade (as a percentage of your capital), and how much on a total day (as a percentage of your capital). For the sake of it, ...

Need help about how to manage money, account, in Forex

I am on demo with Tickmill. Their spreads are really correct IMO.

Looking for broker with lowest spreads and no commissions

Hi DnBPriceact, I am glad to see others share my love for price action. I totally agree with your analysis, with one precision. Watch out last daily low at 91,7 that was broken back by that powerful daily dragonfly candle. A retest would be the ...

Simple, Powerful and Effective Price Action Trading Strategies

There is no "better system". Take 10 great traders they will trade 10 different systems. The true is that you must find the system that suits you the best, a little bit as two different good painters may have different styles of painting.

Successful Forex Factory Systems

On H4 GJ looks like it is trying to break the low around 176. It is standing on supports on every higher time frames (SMA200 on Monthly Tf, SMA20 on Dailt Tf, a support horizontal line on H4, and it is trying to break down SMA40 on the weekly Tf. ...

Dragon Riders GBP/JPY

You cannot do that with certainty. But you do not need to know that to be profitable in forex, for it is all a matter of probability. If you manage to follow a system that shifts the odds in your favor, on the long term you will win. But you ll ...

How to predict the next candle?

AU is very tempting today with the daily timeframe giving a bullish harami signal, with also a small stochastic bullish divergence. The trend is bearish, but on the monthly the price just reached the SMA200 support, and that may give cause to a ...

AUD/USD

At this very moment it is retesting quite a lot of broken resistances on the daily time frame, so I would say it is rather a buy. But the weekly timeframe is a total mess, with a no signal price action tangled in the middle of several SMAs, so I ...

EUR/AUD

I expect UJ to consolidate mildly to 115,5, but just in case I will also keep an eye on that pennant.

USD/JPY Discussion