EUR USD — If there is correlation between GBP and EUR, then following Mouteki & friends, the GBP requires to drop further to about 1.7870 which is the 38.2 Fib. This may well take the Euro lower before any new attempt to go north.

New Mouteki Method...

Arguments for Long Above Daily Pivot Cable oversold Oil Price rising RSI (14) over 50 (just) Argument for Short Strong downtrend Below 30 SMA Already retraced 50% of last down move

Cable Update (GBPUSD)

When you try to chase the Price, usually the only time you catch it is when it's done a sudden about turn and smacks you right in the goolies. You should have a plan of action (actually 2 plans) ready before price moves. Once it has already moved ...

Cable Update (GBPUSD)

Navin It is quite dangerous to trade the break of support or resistance although sometimes very profitable. It is much safer to wait for a break and then the retracement before placing a trade. This will avoid false breaks. In about 7 out of 10 ...

Cable Update (GBPUSD)

No problem. It's (T_S_R) Daily Range calculator. Indicator attached.

Cable Update (GBPUSD)

Failed breakout to the upside. Will we see a breakout to the downside?

Cable Update (GBPUSD)

Nice triangle on 1 Hr. Price squeezed right at the apex. Waiting for a breakout

Cable Update (GBPUSD)

Just open up any chart 1 Hour is best or 15 mins (both even better) (a good example to show you just now is EUR/Yen though any chart will do. Put only a 30 SMA on close on the chart, no other indicators at all, and just look at the price action. ...

Cable Update (GBPUSD)

This may help for the future. Apart from trading with the trend which is always a good idea, put a 30 Simple moving average (on close) on your chart. Only go long after a candle close above or short on a candle close below. This works for me most of ...

Cable Update (GBPUSD)

Thai (Thailand) Sawatdee Krap

Cable Update (GBPUSD)

I hope this doesn't get me the "Sith-Noobius" Annual Award but my question is this. On the attached chart (GBP/JPY 1 Hour) there are 2 consecutive failed Long entries marked with the red arrows (how do you get those neat little boxes in Metatrader). ...

A Basic Trading System (BTS)

Great system. fantastic explanations. Many thanks for your time and effort., much appreciated. What am I missing here. On your trade #10 (Short) there does not seem to be a penetration of the low of the setup candle yet or have I got this all wrong.

A Basic Trading System (BTS)

First of all thank you for this very interesting trading method and for your general help. I certainly need all the help I can get!!! I have a question re Divergence. Should divergence on any time frame be taken into account or should I only look ...

A Basic Trading System (BTS)

Great call, but what system were you using. Was it Cornflower or something else.

Cornflower Hourly System

My apologies in advance for trying everyone's patience with yet more Newbie questions that may have been answered somewhere in the previous 540 posts but missed by me. On a 60 min chart and presuming an uptrend 1. If a pullback causes the 12 EMA to ...

Cornflower Hourly System

Many thanks. Unfortunately this does not really alter the zoom ratio. It just vertically compresses the entire chart. What I am looking for is some way to alter the zoom ratio so that there is not such a large jump in the magnification steps. Maybe ...

MT4 Zoom Ratio