I don't like the look of it, like you said lot's of volatility. Personally I'd prefer to trade a cleaner chart. I'm just deciding whether to hold my eurnzd short open over the weekend or take profit now. I'm 150 pips up. Even if I move to breakeven ...

Silent Service Method

When things go wrong I sometimes despair completely but then I go and take an entry like this. Whether it will carry on down with the long term trend or this is just a pullback before it breaks through I don't know. I think my problem is ...

Silent Service Method

Hi all, I'm undecided around the 1.24 to 1.26 area which line is the best support/resistance. I know it's a zone so that's the way I'll play it but fibonacci suggests to watch for 1.26.

Silent Service Method

There's a bloke called Hector on youtube who uses a 30, 50 and 100 sma to find nice steady trends and trades into those. I've not bought his course but know someone who did and they say it's really good but you can't beat the old silent service ...

Silent Service Method

Gbpusd 15 min

Trendline breakouts

It's not that long ago we were worrying about inflation being too low! I know what you mean about exporting. It's funny though, eurgbp was setting up for a massive short but who knows what happens next? I am taking a very long term view on this so I ...

Silent Service Method

I suppose it's just a feeling that gbpusd is much lower than fair value at the moment. I know the market can stay irrational longer than I can stay solvent but I'm looking at it like this... I buy at 1.50 and 1.40 and the price goes to it's lowest ...

Silent Service Method

Not much on a micro account. 1000 pips is 68 pounds so I suppose if I went worst way 2000 pips down I'd be 140 quid in the hole and then have to decide to close it. Maybe 1.75 would be a better target but it does seem to be bouncing between the ...

Silent Service Method

I see your point but we just don't know where it's going to bounce. The new government is just getting under way and there's an emergency budget in the pipeline. It could easily retest 1.45 then rocket upwards. It could go all the way to 1.35 or ...

Silent Service Method

Well I'm not going to just keep adding. I'm buying two positions at what I consider value.

Silent Service Method

I've bought a micro lot of gbpusd at 1.50 and I'm buying 1 more at 1.40 if it gets that low. This may not seem very sensible but the way I see it I have enough funds to cover the negatives even if it goes down to 1.35 or lower and we all know sooner ...

Silent Service Method

Chris, I know you don't do fortune telling but how low can you see euraud and eurcad falling? Neither seem to have any support at all now, parity here we come? (and eurnzd)

Silent Service Method

Yes, I just turned the tv on and saw that, waiting for an announcement imminently.

Silent Service Method

Well the week closed just above it but gapped back on Monday. It's interesting that Monday retested the trendline before dropping, the gap didn't close. I think it's still too messy to enter. Eurgbp is grinding it's way down slowly but surely.

Silent Service Method

About 7 pips. Not horrendous. Nzdjpy just dropped like a stone before coming right back up. Strange, I'm out now anyway.

Trendline breakouts

Nzdjpy looks good, only drawback is the spread.

Trendline breakouts

As we know that the big spike up was a freak move does that make this trendline interesting?

Silent Service Method

Think of the price as the actual price that traders are willing to buy or sell at at that particular time. News over the weekend can cause the open price on Sunday to be different from the close price on Friday. Suddenly traders were trading at one ...

Silent Service Method

That's good because I've gone long on NzdUsd again!

Silent Service Method