Ideally, we would see a retracement to the .38 fib level of friday's candle coinciding with the upper triangle trendline before going long with the target of 1.9740. However, nothing is certain and we can't rule out that A. price will ont retrace ...

Cable Update (GBPUSD)

4 hour chart After the rejection of the 1.9660 level, we can expect a retest of the triangle, or even the long term resistance of 1.9555, before resuming the movement upwards.

Cable Update (GBPUSD)

Here's a daily chart. Red lines- long term support/resistance levels Dotted lines- medium term supp/res levels Following a double bounce off of the rising trendline, friday's candle managed to open and close above an important resistance level ...

Cable Update (GBPUSD)

Youre right, its useless. Otherwise, we'd all be very rich right now. Good luck!

Sidus System confirmation' indicator?

By quickly looking over a chart, the pivot point could be a very simple filter for your system. For example, only go long if the price is above the pivot, and only go short when its below. Seems to filter out some of the bad trades. I also noticed ...

Mechanic Trading (better with EA)

Instead of plotting the lines by hand, you can use this indicator. Hope it helps

Mechanic Trading (better with EA)

Yeah! Complete indecision..

Daily GBP/JPY analysis

It just took off! So how do you feel about a retracement coming? Or is it still too early?

Daily GBP/JPY analysis

Hi, Ive got some materials on pin bars and how to trade them. Let me know if youre interested so I can post it here for you.

Cable Update (GBPUSD)

Anybody got a view on this pair for tonite?? Im still waiting for a break out of the range 236.00-45.

Daily GBP/JPY analysis

River, gotta run now, so just stopped by to say nice call on that long break out!! ill try to post some things later on today.

Aussie Pairs

Good thinking Faure!

Eur/Jpy stop washout play

Short term, Im watching for a break out from the range 236.00-45. Perhaps we'll see some movement in the Asian session.

Daily GBP/JPY analysis

We're at another important resistance of 236.30-50. Look for a retracement if the price fails to break that level, down to support at 235.35. On the upside, immediate resistance at 237.15, and a major one at 238.60-70 level. Good luck!

Daily GBP/JPY analysis

Yeah, I see what you're saying. If it was up to me, I'd probably close all my positions ahead of tonight if I knew I wouldnt be there to see what happens. Well, good thing you had the stop loss!

Daily GBP/JPY analysis

LOL well done!

Daily GBP/JPY analysis

Hey, why would you rely on a lagging indicator on a 4 hour chart when there are such marketing moving events going on ? obviously, no indicator can predict the announcements.

Daily GBP/JPY analysis

LOL

BoJ Rate Decision and Fukui speaks at 1:30 EST

The key resistance (235.35) is still very much in play and needs to be breached first before any further upward movement can be seen.

Daily GBP/JPY analysis

So right now we are back to square one. As if nothing happened

Daily GBP/JPY analysis