The pair finally hit the bottom of the monthly cloud. The recent swing low at .8077 needs to hold, or it is on to .7949. A longer term UP is around the corner. During the interim, there is enough room for a correction to .8277, maybe a little lower. ...

EUR/GBP - What a great pair to trade!

It's not like someone is going to say, "I'm a loser and here is a losing trade I am in, so pleeeease go the opposite way."

EURUSD

Face, I'll track your progress. I hope you do well. BTW, how did you start your thread? I wanted to start my own, but don't have the hang of initiating the process.

Simple Trading - The Journal

Mysticgenie, maybe this is none of my business, because this is my first post in your thread, and I do not post a lot in this entire forum, but I think what would add validity to your posts and claims, is to post your trades live as soon as you make ...

How I Turned 1k To 100k In A Wk!!!

Nicotina. I've seen many trading systems (As I'm sure most of us have.), and yours is dynamite. I don't know if you noticed, but about 75% of the time, whichever extremity within the box is hit first, price will go the opposite way for the day. ...

High & Low 8 Hours (GBP/JPY)

Just a plug for the indiactor that Auslanco has featured. It really works. We have been discussing it in our caht room on Skype. My challenge to everyone in our room has been to prove to me it does not work, adn no one has done it yet. I have it ...

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

Another downfall is overconfidence. A beginning trader will string together a few winning trades, then, mentally, it just seems you are indistructable. Then, they enter positions that before that would not enter. They overmargin, as to think, "I am ...

Now I know why 95% of traders are on losing side

I have this Complex Commons indicator which shows OB/OS conditions of the individual indicators. Right now, on the 4H chart, the USD is the most OS and cable is the most OB. All rallies need corrections, and this one is no exception. Circa 2.0365 ...

Cable Update (GBPUSD)

Rozkan, I have a TP at 119.64. That is the kijun sen on the weekly. I use the ichimoku cloud, and it has proven quite relaible. The daily 200EMA is 119.72, so there seems to be pretty solid support in that area.

USD/JPY Discussion

I think the resistance will hold. I'm in short at 122.54. I'm not sure yet, but 119.58 look like a viable target. I'll be ready to bail before then. There is also resistance at 122.61 and 122.72. The wave pattern also looks ripe for another drop.

USD/JPY Discussion

"Might be going down for a bit..I see extreme overbought levels on the RSI." Syerram, I agree. I had a cluster resistance at 2.0189. If that was hit, I was going short. I missed out on the short, so I'll wait for the long opportunity. I'm waiting to ...

Cable Update (GBPUSD)

USD/JPY — BTW, traditionally August has always been a big month for the yen. I've got a strong resistance at 125.53. If that is broken, it could be on to the 127's, then the fun begins on the DOWN. Wow! And to think, August is just around the ...

USD/JPY Discussion

USD/JPY — It's not hard to see why he just closed +1,000 pips. A look at the prices entered show they had to have been entered last week. Also, he had multiple entries on only 2 pairs. Bravo Bravado! Keep up the good work.

USD/JPY Discussion

USD/CAD trend reversal? — "that's a stay flat opportunity. i don't understand what's going on with u-cad so i'm just a watcher for now." Personally, I think resistance for the loonie will be found at 1.0502 or lower, then see a move towards ...

USDCAD trend reversal?

As of late, gold has dropped versus all the majors of late. I think this was very predictable because of gold being so OB aganist the majors. An imminent reversal for gold is due, even though it may continue to drop a little more. When gold turns ...

Gold Discussion