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    • Feo replied Jun 10, 2016

      Every persons's definition of "the herd" in forex might be different. My definition of "the herd" is the trend. And I use macd to gauze the trend,aka what "the herd" is up t. So taking the 2hr, 3hr and 4hr chart, I see that the momentum is rising, ...

      Dragon Riders GBP/JPY
    • Feo replied Jun 10, 2016

      Every persons's definintion of "the herd" in forex might be different. My definition of "the herd" is the trend. And I use macd to gauze the trend,aka what "the herd" is up t. So taking the 2hr, 3hr and 4hr chart, I see that the momentum is rising, ...

      Cable Update (GBPUSD)
    • Feo replied Jun 10, 2016

      Mornign all Ok, so we rejected Sundays' Support 1 pivot at 153.67 strongly, and the daily closed below the Monthly Support 1 Pivot at 154.78 I'm expecting London to take us upwards towards Sundays' Resistance 1 Pivot at 156.39. I don't have an entry ...

      Cable Update (GBPUSD)
    • Feo replied Jun 9, 2016

      Cable 12hr candle looks o close below the 60, and now GJ seems to look to close below the 96. I would not enter long yet. I will sit aside till tomorrow. This weekly candle is in an area of confusion. We've had 36hrs of downwards momentum. I think ...

      Dragon Riders GBP/JPY
    • Feo replied Jun 9, 2016

      I mentioned in an earlier post, how the Resistance 1 pivot in a sell order, and the Support 1 pivot is a buy order. Yes the market can go on average 20 pips max to either side of it, before consolidating at that pivot right. Ok, well Sunday's ...

      Dragon Riders GBP/JPY
    • Feo replied Jun 9, 2016

      This is how I view the market Yesterdays' short entry was at 155.47, and again short entry today was at 154.47. The top chart is daily and the bottom is 4hr. I use last weeks' and this weeks' pivots. So Tuesday rejected this weeks' pivot strongly, ...

      Dragon Riders GBP/JPY
    • Feo replied Jun 8, 2016

      Morning. I believe pivots are the only supp/res to use. For one reason and one reason only. It is the only fixed constant. You and I might both draw trend lines, but your broker and mine might have the low or high differ buy 2 points, so therefore ...

      Dragon Riders GBP/JPY