And finally an outlook on EURUSD. We are currently in a narrow corrective range in this upward sloping aqua fork. The strip between the magenta bearish fork and its SH has provided tough resistance in the past but was violated yesterday. Plenty of ...

forkies

I see Cable had temporarily dropped below the last intraday swing low but hasn't fallen dramatically so far so I still feel a correction on GJ is likely, but EJ shows a greater likelihood of making it to the relevant lines and energy points, but ...

forkies

Outlook on GJ for the next day or so, just looking for price action from these lines and circled areas.

forkies

Wow, I had not expected EURUSD to break upwards through that resistance. It was a typical zoom break, and one that is frequently followed by a retest, and the continuation. The circled areas are the potential entry levels. The first is just a 'best ...

forkies

Full of shit eh? Thanks a lot pal. I'd take 16% a month but it isn't as simple as that, and that was my point - factor in spreads, commissions, human error, slippage, extended strings of losses you'd do well to achieve much better than break-even. ...

Too good to be true?

No. It sounds like a crap system and I doubt anyone would be interested. I could list a dozen strategies that produce better results if they are followed correctly. They're all out there available for free for those who can be arsed to find them. ...

Too good to be true?

It's not really a set-up that I would necessarily take to be honest, because the stop would have to be above the most recent swing high, which would make the stop at least 80 pips away and the R:R using the next support level below as a TP would be ...

No Brainer Trades

Head and shoulders patterns are possibly the most reliable and most recognizable (perhaps these are correlated) conventional technical formation going IMO. I don't really see this one as being a great pattern itself though - the left shoulder and ...

No Brainer Trades

Nice work there Boxingislife. Crap start to the day today but it all worked out in the end, pretty much the story of the last two days - persistence pays. Here's my outlook on GBPUSD - two forks; one standard (aqua, bearish) and one Schiff (orange ...

forkies

Hanging onto half a position on EURUSD, EURJPY got stopped out at +5 on the remaining half. Entered a position on AUDUSD from this downward sloping UMLH. Today promised much but hasn't really delivered a great deal. Perhaps the US session will yield ...

forkies

People have been talking about BoJ intervention in the currency markets for the last year, but the carry trades keep sinking so just how credible it is remains to be seen. More imminently, there has been talk of a Chinese style stimulus package to ...

forkies

Yep those zero interest rates have done a wonderful job in Japan, can't wait till we get them over here. I also have got shorts running on EURUSD and EURJPY based on price action from resistance offered by these structures.

forkies

Thanks for uploading this KC, could be useful if adopting a stop loss placement strategy based on volatility. However, I generally would advocate first identifying where I would put my stop, how much I am willing to risk and then that would give me ...

No Brainer Trades

If the lower time frames are indistinguishable from the higher time frames, which is not necessarily true, there are three factors to consider: 1. Spread as a proportion of the trade. The spread on a higher time frame trade where the potential ...

It's All Noise - Right?

I still think regular vanilla forks are more powerful than Schiff forks personally. It depends on the time frame though, as the lower time frames appear to be more erratic and visibly contain a higher frequency of steep, violent moves (perhaps ...

forkies

EURUSD had made a bullish 1-2-3 during the first half hour of the European session, surpassing the last swing high. GBPUSD had been in a down-trend and had slumped down to the bottom of the Asian range. Also, if you take a look on EURGBP, and pretty ...

No Brainer Trades

Couple of potential set-ups based on horizontal support and resistance that I'm looking at. USDCAD has been consolidating in a tight energy coil and has been since the end of the US session. I will not trade the breakout but wait for the pullback ...

No Brainer Trades

[quote=cliffedwards;2338484] I have found USDCAD to be fairly easy to trade myself too. When it breaks support and resistance it frequently retests it in my experience. So for the near term support/resistance strategy, I would say there is no better ...

No Brainer Trades

I probably shouldn't post a link here, but just do a google search on Joe Ross, you can find everything you need on the trading-naked website (third link down). There is also a fairly large amount of literature available if you know where to look ...

No Brainer Trades

I do not think BRV uses any Joe Ross stuff, or if he does he has not mentioned it. I personally use it on lower time frames (1m/5m) for entry signals from support and resistance and have an idea of where we are on higher time frames as it is a good ...

No Brainer Trades