Update on Gold trade Stop moved to b/e

Slow and steady

A question ... would you use whatever tech indicators on the same time frame, or look for MACD/MA crosses etc on shorter time frames ? Thanks

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Thanks JH. Wise words indeed. It seems the gbp/jpy has broken down...so now to wait for a bounce down off the green line, or until it gets to the blue line and turns around... Again, to take the advice above. One needs to see the turnaround first, ...

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Hi WTB, Hmmm, one of my big weaknesses. I have it in my plan to wait for confirmation of the movement rather than only anticipating it, and entering based on that. I agree with you...should probably have waited for more of a downturn. I prefer ...

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eur aud... seems to have thoroughly broken through the resistance line which has held for a while now. I would wait for a rebound down to, and move up off the line and then go long...

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Gold — Ok...I feel gold is behaving...am shorting as per the 1 hour chart. blue = open, red= stop, green = target

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Update on Friday's closed trade. One thing that galls me about 'predictions' or trade decisions taken, is that when they are right, all focus is placed on them, but all the many that are wrong are siphoned away to neverland, as though they were ...

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Gold... Trendline bounce and 50 or 61% fib bounce coming up...maybe. If it bounces. I'll be shorting the metal.

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New week. Hi there... Having a look at gbp/jpy... price getting squashed between 211 resistance and rising green trendline. Something's bound to happen. Also have a look at the nice bounce off the 61% fib and green trendline. Keep watching this ...

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End of chfjpy — Hi there...stopped out for 10 pips profit...very much sideways movement up to now...so don't feel to bad about raising the stop and the trade being closed. Next week will have more opportunities. Have a great weekend everyone.

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Hi HTP, Thanks...at least someone's reading this !! Not sure I'm qualified to be giving advice...but I'll give my 2cents worth nonetheless. If I understand you correctly, you want to go short gbpaud once market calms down after NFP. So maybe at ...

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what about putting a stop in for a way winning trade...or do you worry about the supposed guaranteed stops? I should write a program that locks my accounts for 30 min before till 30min after big news !!

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chfjpy update. Move stop to 10 above open. Blue line = open, Orange = stop, Green = Limit. Enough breathing room, but at least locks in some profit if the market tanks.

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Big news... — Very exciting this NFP thing, but it seriously increases risk (as it does reward I suppose). But again, for me to be sustainable in the long run, I prefer to stay out when very big moves (due to very big forex news) are expected ...

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Dieting and Trading — Dieting and trading have huge similarities. Only real rule for losing weight....eat less (and exercise more). BUT how many billions are spend every year by folks to find some magic silver bullet to lose weight. Milkshakes ...

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chfjpy - with the NFP coming out later, I've moved stop to breakeven. Its become a zero risk trade now...

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Another great chart showing the price miraculously bouncing off a resistance level...

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chfjpy update...

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One to maybe watch. Daily of audusd...

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Won't be trading this... Longer term 4hour trendline (thin blue line) broken. Coming back to potentially bounce off the above, and again on the upgoing 4 hour countertrend line (thick blue line). But thick red line is strong daily trend (down), and ...

Slow and steady