This could be a good place to short upon failure to the upside. What are your thoughts?

Aussie Pairs

Thanks for posting this method.. looks good so far. Let me get familiar with it and I'll get back to you.

Fxt777 EMA Distance System

Thanks for the file Habeeb!

Need a little advice please

Hi, here's a link to a video tutorial on forks. Hope it helps. url

Technical Analysis and a few charts to ponder

Right now the pair is trading in a sideways channel (235.36-238.79) and it just bounced off of the bottom. If it overcomes the resistance at 236.29, it could go up first to the downward trendline, and if that doesn't hold, to the upper channel line ...

Daily GBP/JPY analysis

The long term correlation between these two pairs is around -90 which means they do the exactly opposite of one another. So if you trade both pairs in opposite directions, you are basically making one trade, just double the risk. Its exactly the ...

Eur/usd Usd/chf

Thanks!

Gold Discussion

Thanks for posting this, its a good read.

Low Risk, High Reward Trading Experiment

Alright man, have a good weekend

Gold Discussion

nice job this week man!!

Turbo's Journal

You've summed it up perfectly. Unless it happens to catch a strong trend, it is too lagging and the move will be over by the time of entry. Nice post

The Pouria Method

Hey, how do you mean? As far as I know I haven't drawn any retracement lines on these charts.. there are support/resistance areas and trendlines.. but let me know what you are referring to. Thanks

Gold Discussion

1H Chart — The short term trend is clearly up, however the price is approaching the upper major trendline so we could see a retracement from that level. Overall, I find Gold to be an excellent vehicle for various breakout strategies.. most of ...

Gold Discussion

Daily Chart — Here's a daily chart of gold. The dark green lines are major support/resistance areas. Looks like a triangle is forming overall, and there is a bearish divergence so if it fails to break the upper trendline, it could fall back to ...

Gold Discussion

A bigger picture showing the upper trendline resistance and two lines of support..

Daily GBP/JPY analysis

You're right. The price is pushing upwards, although it hasnt broken the trendline yet, so it might retrace first. Just have to wait and see I guess

Daily GBP/JPY analysis

In every book I've read so far (including Trading In The Zone, Come Into My Trading Room), it says that it's impossible to predict anything in the market. Not even the pros do it. You just have to analyse all the possible scenarios and wait for one ...

Cable Update (GBPUSD)

A good place to go long would be off of the blue support after it retraces back from the red trendline. Unless it breaks through the trendline without retracing first.

Daily GBP/JPY analysis

Looks like we are getting ready for a breakout either above the resistance to the upside or down through the trendline. Just have to wait and see which side to take.

Cable Update (GBPUSD)

Here's a chart of eur/jpy. You can notice how the price reacts to the upper trendline resistance and that it is likely to retrace down. It looks like a downward wedge. For the upward trend to resume, the resistance needs to be broken first.

Technical Analysis and a few charts to ponder