observation on Tokyo market opening — After confirming RT on EUR/USD, AUD/USD, I was ready to go short at 0 GMT today. Immediately after 0 GMT, when the Tokyo market opened, both pairs moved down straight to 8 ema in less than 2 hours. I was ...

4 Hour Strategy (MACD)

NFP on holiday — We will have a big news event, NFP, in 4 hours time, while most markets are closed on holidays. The biggest FX market, London, is closed too. In this thin market, with less participants, I expect unusual choppy price movement ...

4 Hour Strategy (MACD)

RT aud/usd — Confirmed RT on audusd. Market looks extremely bullish on this pair. Short : 0.8181 So my tp is to 8 ema 0.8168 for mere 13pips profit. S/l is above spike high today, 0.8215. Considering R/R, you might say this trade should not ...

4 Hour Strategy (MACD)

to Pips — hi, pips I was quite lucky with this trade. USD/JPY came down to hit my target exactly to go up again. Last Friday, on the other hand, I was unlucky to see usdjpy spiked down to hit my s/l exactly and went up again to reach my ...

4 Hour Strategy (MACD)

Thanks O'zeeke — Hi, O'zeeke I understand your points. This is rather a matter of feeling when trading cable. When cable approches my s/l like tidal waves, I almost lose the balance of mind. Eyes are glued to chart screen even knowing I can do ...

4 Hour Strategy (MACD)

aud/usd — confirmed R/B formation on aud/usd at 8GMT. went long : 0.8129 s/l : 0.8092 target : 0.8149 (trendline) R/R is not so good. TP is conservative. As the price already went above 61.8 fibo, there is no other reliable resistance. 20pips ...

4 Hour Strategy (MACD)

usd/jpy — Confirmed R/T formation on usd/jpy at 0GMT. After some hesitation (usd/jpy used to show strong upward move when Tokyo market opens at 0GMT), went short. Short 118.85 s/l 119.15 (5pips above the trendline) target 118.63 (8EMA) Target ...

4 Hour Strategy (MACD)

to Ozeeke — I lost my gbp/usd trade on that malicious retracement spike high too. After the spike, it went down to meet my original target exactly. I am trading forex with my wife, discussing our plan for the trade. Both of us decided not to ...

4 Hour Strategy (MACD)

GBP/JPY is still pushing up while holding GBP/USD at current level. As there is no major data release today, GBP/JPY feels safe to go up.

Daily Cable Analysis

EURUSD 1.3170 fib .382 was held. Cable will go upside too, so I belive. I hope this uptrend to continue.

Cable Update (GBPUSD)

Went long @1.9661.

Cable Update (GBPUSD)

Falling Yen crosses are pushing down other currencies. In this thin market, Yen crosses has staged the same scence as of last December. Cable's fate is upto the hands of carry traders.

Cable Update (GBPUSD)

I will wait for tomorrow's BOJ Tankan. Last December, its strong number made institutional traders to close the carry trade, while pulling down GBP, EUR, NZD, AUD for days. It seems that big players are ready to buy the dip of Yen crosses this ...

Cable Update (GBPUSD)

It looks that Yen crosses are dominating today's market. Expecting Tankan's good number, still Yen crosses are pushing up !

Cable Update (GBPUSD)

See the sudden rise of USD/JPY, EUR/JPY. GBP/JPY. AUD/JPY. Someboy started carry trade even before NFP. This somebody must be sure there is no suprise USD sell-off.

Cable Update (GBPUSD)