NZD/USD - Short Orders Short reversal bar today at a nice weekly resistance/supply area. Good extension past previous highs and then strong rejection and close near the low. Risk halved due to being counter trend.

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Yikes!! Short orders cancelled......

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AUD/USD - Short Got a nice short signal today reasons to trade below: 1) With current strong mature trend 2) Good value (not chasing the market) 3) Potential LH confirmed with this bar as well as LL with the recent downswing. 4) No significant ...

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I did take some profit and moved stop to BE a week or so ago. Today I got stopped out on the remaining position for BE. Today also formed a short reversal bar. A good looking signal as it's with the current trend, rejected a trend line and is also ...

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Nice post Jay. Everyone has their own demons in trading and when you break down the cause it usually leads you back to the one issue most people do not want to face (because its hard to manage) PSYCHOLOGY. I remember reading this when I began ...

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Well done O. Consistency and continuous improvement are the keys to success. Clearly you possess both. Keep it up.

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Fair enough. I shorted USD/JPY primarily as more of a technical sell for the following reasons: 1) Short term trend is down 2) Looked like good value (around the band) 3) Downtrend line respected (4th or 5th touch depending how you read it) 4) ...

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CHF/JPY Pretty self-explanatory really.....

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Soybeans Despite a COT Bull warning (which at the moment only confirms price is very weak) I like the Beans to the downside.....still. We can see what appears to be a failed pullback at previous support across a number of contracts. The bearish ...

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Not sure to of the stats to be honest. I do not track them, I have mentioned before that I find these numbers a distraction. But if I had to guess I would say 50% correct (could be less)....but have I made money this year......yes is the answer but ...

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To be fair its easy for me to say all this....I am not trading it. Looks like two bullish trend lines in play, one is showing support and one has broken down. From a COT perspective there is no extreme position held by the Comms or Funds. Good luck ...

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False Break or Breakout Pullback. That is the question. Are you long yet? For what its worth IMO this chart looks bearish. A doji at the top of a range and at resistance. A Daily close above the Doji high would make me bullish though. Interesting ...

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The one that got away........

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Metals Maybe I'm too optimistic??....

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Griz, I agree it is a stubborn trend at the moment. Rule #1 applies in this (and every) situation, "Follow the trend" no matter how overdone it looks. When I take trades this late in a mature trend I usually risk half as much as usual since the odds ...

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AUD/USD - Short Orders Might be rolling back over? Support becomes Resistance?

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Silver May have found support? Something is brewing here in both Au and Ag. There is going to be a substantial move at some stage up or down. I recall a similar pattern occurring last year at the same time. We saw a nice move up. There is a seasonal ...

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Update T-Bonds A slow grind down, I am hoping that the July 24th Low is not a significant HL now. Anyway Stop lowered by one day in the meantime. If we break below the above mentioned bar I will move my stop to breakeven most likely. USD/CAD This is ...

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A few interesting charts that I am resisting trading.

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Silver - Long orders Similar price structure to Gold. Similar reasons for getting long. Am playing this daily hammer a bit more conservatively so buying a break of the most recent swing high.

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