Solid trade; +162 pips potential on this one. Now onto the next......

No Brainer Trades

I look for a range of strong support and resistance. Typically, if the level gets broken, its not coming back, especially if there is an hourly close beyond it. There's a reason pice is moving so strongly against it. For instance, on the AUD trade ...

Making Money and the Most Basic of All Basic Strategies

Hi there, in regards to your support and resistance levels breaking, I rarely have any that break when I'm looking at high probablility setups.....I think you might be looking at them in a different way, or using them at the incorrect times. Here ...

Making Money and the Most Basic of All Basic Strategies

I do, yes. I was looking to buy it there. Thats a pretty high probability trade. Thank you for pointing it out.

No Brainer Trades

+87 pips so far, but fighting heavy resistance right now. I just want to say holy crap this thread has cranked out a lot of pips in past week. Keep 'em coming everybody!

No Brainer Trades

Something else important — Hourly closes hold the most significance. I stated in an earlier post about AUD that I was looking for a close below this resistance turned support to prove continuation. This is another one you'll see happen over ...

No Brainer Trades

GBP just hit resistance at 1.9780. Looking at the charts again I think I stated it about 6 pips too high in the reply to Ironman. It just spiked on news though so I'm not a big fan of diving in around these times, though a minor selloff is about 60% ...

No Brainer Trades

This is important — This is how I scalp intraday. These little "stabby" bars that poke out from a downtrend are good reactionary levels in an uptrend, and are good for anywhere from usually +15 to + hundreds if they mean the continuation of a ...

No Brainer Trades

Short EUR/USD 1.5840 - 1.5852 I know what you're thinking. "Why short EUR right now?" Well, I agree, but if anything I'm expecting some type of reaction from this for a number of different reasons.

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Good trade so far about +60 pips. Targeting 103.50 if it can clear this diagonal trendline.

No Brainer Trades

Long USD/CHF 1.0175 - 1.0166 Good reactionary level for this pair. Price had a hard time deciding on this last downfall where it wanted to start to retrace (the current pullback on the chart below); those 3 peaks in the middle of the charts have a ...

No Brainer Trades

Looks like that 0.9648 level actually held! Atleast for now. Price just broke through the top of the last resistance turned support. Might get a selloff if the hour bar closes below it. Anyway, I didnt take the short but next level I'm looking at ...

No Brainer Trades

Hey there! I was just looking at this. Citi's analysis paid off again at 1.9730 it looks like. I was thinking a couple things: If there is a sell off today of GBP I want to put on more of my long position at around 1.9653, all the way down to ...

No Brainer Trades

Ok I did it — Here's a new thread with a little deeper explaination of this technique: url

No Brainer Trades

Analyzing charts for more setups now. Sorry I've slowed down a bit posting here. Working on a little science project. JPY trade is underway.

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+42 pips so far. Nailed 102.73 (only 1 pip dd, again) Do you guys believe me yet?!

No Brainer Trades

Look for no bs execution and tight spreads. I've used a few but I keep on going back to Oanda - they're hooked up through an ECN and I never have any issues. 0.9 for EUR, 2.5 GBP, etc. They don't have good charting features, so you can just open a ...

No Brainer Trades

Price is still gunning its way north, and I'm curious to see what's going to happen at these levels. Bank data tends to favor the .9670 level, I'm not largely eager to jump on any trade any lower, the way things are unfolding today. BTW, had you ...

No Brainer Trades

Not a shabby trade MP! oh well, what's a hundred pips . Hence the experience!

No Brainer Trades