Long NZD/USD 0.7725 area This is going to be a countertrend trade, much like the AUD trade above, so as usual expectations are a little lower in terms of continuation/trend reversal. This level has held up over a long period of time, and its also a ...

No Brainer Trades

Long AUD/USD 0.9478 - 0.9472 Other support levels have been breached so far, so this is going to be the next one lower to look at. Depending on how ferocious the market is at the time of the trade is going to determine its stamina fading against ...

No Brainer Trades

Yeah thats important. Correlation works but to a certain extent when it comes to specific topics. What shook the $ today was very specific to the dollar and the dollar alone. Interest rates and inflation make very different cases in the currency ...

No Brainer Trades

I agree. Prior to any news levels should hold. The previous post has a couple of them just in case of any blow outs. EUR has been at the bottom of today's spike unlike other pairs, not to say it wont bust out anytime soon, which it probably will. 1 ...

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Theres another trade posted to go short. url Putting on ambiguous trades like that will destroy / wreck / bleed / bankrupt / shatter / kill / sink / pulverize / demolish / annihilate / decimate / eradicate / vaporize or obliterate your account ...

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Long EUR/USD 1.5290 - 1.5285 I know I know, maybe a bit premature, but when it does hit it'll be a good one.

No Brainer Trades

Making Money and the Most Basic of Basic Strategies — Hi guys, I need to close the other thread...ideally I wanted one thread dedicated to trading and the other more educationally oriented. I barely have the time to update this one, and there ...

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It is confusing if you dont understand it. I'm convinced after everything I've seen that for this particular market, this is the best way to trade in general. Its just the most reliable, day in and day out. If you (not you particularly but in ...

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Sure it looks good and I've been watching it but price keeps using that level as a magnet. If JPY gets the push I believe it will you should be fine. Ideally, the first or second hit on that level would have been the one to get a hold of. The more ...

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Long USD/JPY 104.71 - 104.66 I'm not sure if I'm wasting my breath on this one, but this is the no brainer setup for this pair. When I say wasting my breath because I'm uncertain to price getting back down there. It has to basically take out todays ...

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Short EUR/USD 1.5484 If EUR has the ability to get back up here at some point, I'm looking for continuation of the downtrend. This level has been by far the strongest hold as of recent, but price needs to get above 1.5461. As I write its hovering ...

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Niiiiiiiiice......hope you held onto that one you'de be rolling in over +160 pips on the pair for the day!

No Brainer Trades

Sometimes yes but rarely. Head and shoulders, etc, could prove short term busts. I would encourage anyone to learn basic chart patterns, though I dont typically use them as confirmation to enter trades, but more to stay out of trades.

No Brainer Trades

Hi Bigplans, yeah I do, but usually only in fast moving markets. Many times there will be false breakouts, especially on the cross ccy pairs. Safest thing to do is wait for the hourly close above or below the level and trade it till the next level ...

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This trade seems to be working out, but not according to original plan. With a super tight SL you might have been tapped out. I closed a portion of this and holding onto the rest until that target gets hit, which hopefully wont take too much time. ...

No Brainer Trades

And in an effort to keep educating... — Another trade I'm currently in is USDCAD short at 1.0024. Take a look at its historical significance on a chart and you'll see why. Its also a minor retracement. These lower retracements I am not so much ...

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Hi everyone; hope you had a good weekend. For anyone following this, news came out in the US equity markets that had a minor negative affect on the dollar. The most this gave out so far was +14 from the upper level, +19 from the bottom of the range. ...

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You betcha, just hit the handle and so much for a trade I'm getting some sleep. Be back in a few. And to my German friends, Wenn Sie möchten besser Einzelhandel Nummern, die Sie brauchen, um mehr Stoff kaufen. I dont speak German I just used Google ...

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Its going to hit 1.5545/8 support turned resistance and drop about 15-20 or more pips, but could also continue the downtrend. Now that's a freebie . Scyang it just dropped a little bit but be patient and wait until it hits the above.

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Hi BigPlans, welcome welcome. Glad to have you here. I was able to download your attachment and your lines look really good. Glad you chose to come here and not somewhere else . I was actually in the middle of putting something together in regards ...

No Brainer Trades