Ichimoku Cloud.

Cable Update (GBPUSD)

I don't think it's going to 1.41. Look at the support in this area.

Cable Update (GBPUSD)

So I'll generally risk 3-5% a trade. So lets say I buy 50,000 units and 3% is $300. That gives me 60 pips to hit my sl initially. Now if price moves my way 120 pips and I can add another 50,000 units on a pullback knowing that I can move my sl 60 ...

Cable Update (GBPUSD)

I don't scalp. Between April and May I'm up 263 pips atm... 7/7 trade wise. I'm not trying to forecast 50 pips here or there. If the fundamentals support my trade long or short I look for the best possible entry based on price action on the daily, ...

Cable Update (GBPUSD)

Seems like a lot of people here over complicate things looking at the charts in this thread. It's pretty simple imho. What are the previous highs and lows on the daily chart from the previous year? Are we breaking those points of resistance and ...

Cable Update (GBPUSD)

I'd be long gbp/usd, eur/usd, short usd/jpy. Eur/usd, and gbp/usd look like they're both gonna breakout above resistance while uj has been breaking down. This all makes sense with the recent breakdown in dollar futures and low usd rates. Just my 2 ...

Cable Update (GBPUSD)

What you typically see in bullish markets is rsi bouncing around 50 capping downside momentum. Its vice versa for bearish markets. It's very useful for trending markets. Rsi isn't just used as an overbought or oversold indicator. Indicators and ...

Cable Update (GBPUSD)

Get a bounce off support around 1.4149. Rsi is super bullish and holding 50ish.

Cable Update (GBPUSD)

Looks bullish on all tf's to me.

Cable Update (GBPUSD)

I'm not big on capping profits. I usually build a position over time risking a little bit of profit and add to the position only when price moves my way. I never ever leverage a losing trade. Might use s/r combined with rsi and price action to make ...

USD/JPY Discussion

Upside momentum capped around 50 on rsi is no bueno for bulls. Good short opportunities.

USD/JPY Discussion

@Obsaymkmoney Aren't you into harmonics? Look at that bat forming on the daily chart.

USD/JPY Discussion

Yen futures have almost been moving in tandem usd/jpy which has been tied to rates. Dollar futures tanked below 89 and had very little effect on usd/jpy.

USD/JPY Discussion

In about 30 minutes feds gonna say the same thing they've been saying. "No taper in the foreseeable future." Bid it up and dump it. Probably be the nail in the coffin for the bull case until Jackson Hole comes around.

USD/JPY Discussion

Look at how closely price follows s/r of the cloud and bb on the daily chart. Breaks 109.14 and it'll retest 108.40, 107.75, 106.22. Nothings changed for me. Only taking short positions. P.s. I said weeks ago this pair is hostage to rates and guess ...

USD/JPY Discussion

Fundamentals don't back this retesting 111. At 107.47 we were oversold and ready for a bounce to 109.35 ish which is where we hit resistance back in March before consolidating and making a final push to 111. UJ has done nothing but respected 109.35 ...

USD/JPY Discussion

I like the saying a broken clocks right twice a day. Futures didn't reflect the move in uj yesterday. Rates were way up. Rates pushed uj up Today all 3 are moving lower. I do agree that the currency pairs are manipulated. You can almost sense/tell ...

USD/JPY Discussion

Time to go get a martini and watch futures tank to 90, rates on 10 year go to 1.5, and usd/jpy tank. Btw catching a falling knife and yelling BTC, UJ, or whatever it is' "TO THE MOON!!!". Is not!!!! Is not!! A responsible, or reliable trading ...

USD/JPY Discussion