Post 1,127,605

EURUSD

Today, the bulls come back. Hope everyone enjoyed that sell that I called from the start of the week. Quite profitable Targetting at least 1.177 Maybe more. I will see what Euro session brings.

EURUSD

You need stops. You can't be right 100% of the time.... but you need to be right at least most of the time. Without stops, the account you took months to build can be blown away in an instant over one bad trade. Trade in a way to trade another day.

EURUSD

Price broken free of ranging market. Now looking for excuses to sell this

EURUSD

The news sometimes forms the pullback before the continuation. Sometimes it is the continuation.

EURUSD

I closed my short trades out in profit already, so I had no stoplosses to hand back

EURUSD

It doesn't matter where it goes long term. What matters is if you can profit from what's offered when you are at the screen. When you are not at the screen, where it goes is not your concern.

EURUSD

Yes. For this session at least. Maybe next session too, unless the market is hungry and is in range of your stops. Having a pip target is a good idea, but sometimes you should just take what the session gives you. It will sometimes give you more ...

EURUSD

Trips to the downside opened. Look for pullback to short

EURUSD

SOMEBODY KNOWS While it's fun to guess direction, it is more fun to make a profit.

EURUSD

EU doesn't give me the buy signal I want when I expect it. Market ranges a bit. Red news awaits......

EURUSD

By my estimation, price shouldn't be down here (yet). I smell a bear trap. Still more red news to come this week for USD. Lots of bull stopouts hit - not mine though . I had no skin in that move. Will attempt going long again should the ...

EURUSD

Euro session is offering sweet nothings. Yellow news in US session. Price should move up. Supply is up above 1.183 somewhere.

EURUSD

We're still going up. Wednesday, Thursday, Friday all have RED news for the USD however. Plan accordingly I get the feeling that the market will eventually let us know that it's a bear market on one of these events.

EURUSD

Expecting more upward movement to last a bit longer this week. Got some this session. More may come in the news, but I'm not nursing trades any longer today as my trade entry was a bit precarious. Taking profit and calling it a day.

EURUSD

Yes, indeed there are issues. As an indicator of FV, however, they are quite useful as training wheels because they do line up often quite reliably with FV. FV is however better articulated by price action, and for doing that - horizontal lines are ...

How reliable are moving averages?

I know the answers, but I'm not giving them out for nothing. I can't make this any easier for the reader to figure out for themselves however.. For example, In your day-to-day shopping, what do we call something that is being offered for sale at ...

How reliable are moving averages?

When a price is below average, what does that mean? When a price is above average, what does that mean? When you see price come up to, go under, and bounce back off a moving average, what does that mean? When you trade forex, you can go both ways. ...

How reliable are moving averages?

It's been wanting to go down a bit. End of the week and month and all that. All those bulls need to be given the matador treatment. Price is going up, yet good sell side opportunities keep showing up.... hmmm

Cable Update (GBPUSD)

Saw this coming yesterday... just not in today's dramatic fashion (which was caused off the back of news)

Cable Update (GBPUSD)