Im hoping

USDCAD trend reversal?

We will have to agree to disagree, I am a firm believer fibos are random self fulfilling phrophecies, everyone uses them on major trend lines so therefore they become support/resist levels. Thats my view on them personally

Cable Update (GBPUSD)

fibos only work well in daily charts to guage big trends, anything smaller it just gets too random because its not the fib lines themselves that make them support or resistance, its the traders who put emphasis on them that make them real, so the ...

Cable Update (GBPUSD)

Im short at 680 with my target at 610

USDCAD trend reversal?

lol!

Auslanco - GBP/JPY and GBP/USD (newstrade)

lol

Auslanco - GBP/JPY and GBP/USD (newstrade)

He is wearing some really short tight shorts and well by filling them he mea... er wait.. nvm, I think hes talking about something else lol He means targets are being hit on short positions heh

Auslanco - GBP/JPY and GBP/USD (newstrade)

Price action is key for me. Everything else is just to confirm price action for me

AUD/USD

not true, your fib is not out dated, that is the overall fib retracement and the strongest point is the 61% and that line is stronger than any other of the more current fib levels. that 61% level might not come into play for a long time but overall ...

USD/JPY Discussion

honestly I think it will blow through it. BUT keep in mind the JPY Bank of Japan Monthly Report is up in 30 mins, so we will see some volatility soon I think, which way... dont know yet

USD/JPY Discussion

JPY Bank of Japan Monthly Report up in 30 mins, expect some movement

Auslanco - GBP/JPY and GBP/USD (newstrade)

23% is too low of a fib level for me to bank on

USD/JPY Discussion

GBP/JPY broke 144.00 level just now, looking nice for the bears atm

Auslanco - GBP/JPY and GBP/USD (newstrade)

I personally dont believe it will, I believe it will range between 610 and 620 until it breaks sharply down for a bearsish delight!

Cable Update (GBPUSD)

I think he means a reversal to the upswing so therefore go short, hes looking at it the exact same way I am I think

Auslanco - GBP/JPY and GBP/USD (newstrade)

actually 147 is first resist

Auslanco - GBP/JPY and GBP/USD (newstrade)

Id watch that long position.... The cable will most likely go down here in the asian session...

Cable Update (GBPUSD)

well since only 5% of traders suceed at trading and only 1% of those sucessful traders are scalpers that would go to show that 99.80ish % of scalpers fail so I wouldnt base any info on wether its pertinent to scapers or not heh

Auslanco - GBP/JPY and GBP/USD (newstrade)

95% actually But its always good to know what the herd is doing.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Most traders at fxcm are short the gbp/usd and the gbp/jpy as you can see from the SSI

Auslanco - GBP/JPY and GBP/USD (newstrade)