Always the way mate I closed my GBPUSD longs from 1.5985 last week in the low 1.61s but ran up almost to 1.62. Closed my EURUSD longs from 1.3780 area last week @ 1.3880 only to see it put on another 100. My USDCAD long resting orders from ...

Ichimoku forever

yes, nice trade in the AUDUSD. EURUSD I think has corrective properties down to the 1.3770-1.3820 area before moving to retest new highs above 1.425 however a daily open and close below 1.36 will leave me on the sidelines in that case. Cheers.

Ichimoku forever

USDZAR — Hey Chris, Do you mind taking a look at the USDZAR for me and letting me know your thoughts. This isn't a regular I trade in any respects however a horizontal line at 6.85 looks compelling to me as a buy. Both on Monthly and Weekly, ...

Silent Service Method

Took profits on GBPUSD on pull back to 1.6140 in the end banking 100 pips on second position. Those who took my advice to close at the monthly pivot yesterday afternoon did a little better. Apologies about the USDCAD trade, seems I was just a little ...

Ichimoku forever

Moved stops 1.6125 now +85 on second half of position and tempted to take profits here at monthly pivot level around 1.6188 but will ride it out for a little bit. Any of you in this trade can probably take profits @1.6188 +148 pips on second half ...

Ichimoku forever

Agreed DD, there is a lot of good material around but you do have to hunt for it outside of the mainstream media channels. My only reservation about looking back so far in history for direction is that the state of the world has changed materially ...

Silent Service Method

I am just letting you guys know where my head is at for this week. Ichimoku does not assist with key reversals at tops and bottoms being a trend indicator like other methods do. Some guys here like to know what my current positions are if I am ...

Ichimoku forever

Vic is on a forum break at the moment, given what has been going on in Egypt I am sure he's got more important things going on. His methods haven't changed though

Ichimoku forever

USDCAD - also watching this pair for a long position. Looking for a 30% of position entry @ 0.9710, 30% @ 0.9660 and 0.4% @ 0.9605. Stops below 0.9550. Targeting 0.9890 and 1.02 area in the weeks ahead if this one works out. Total risk exposure is ...

Ichimoku forever

Added to the GBPUSD long position @ 1.6040 earlier today on the test of the daily pivot. Took profit on half @ 1.6110 for +60 pips with stops now to break even +10 @ 1.6050. 4hr close above 1.61326 weekly pivot and stops should be moved to 1.6085. ...

Ichimoku forever

[quote=SanMiguel;4467494] Hi All, Was just about to say that the long term EURGBP chart is driving my near term outlook. Seems to me that the 0.8750 area is going to be the battle ground between the bears and the bulls in this pair. Regarding the ...

Ichimoku forever

I like this trade too Chris. Took a long on the GBPUSD last Friday and closed half +80 pips off the 1.5986 level and left the other half open only by mistake as the market closed while I was shutting my orders. Poor risk management over the weekend ...

Silent Service Method

You are not alone wanting to abolish the Fed, however it would in my opinion be better for the government to amend the Fed's mandate and define the core measures that it uses so as to more accurately reflect the underlying state of the economy. The ...

Silent Service Method

Essentially the US gov is borrowing amounts denominated in USD however this may be from China converting some of their gold to USD to lend to the US gov or Canadian Teachers Pension Fund pulling money out of the UK stock market and converting their ...

Silent Service Method

Could not agree more and Friday's price action looks to me like the makings of a final shake out of the weak shorts in the market - perhaps to coincide with these such articles being published Took the GBPUSD off of 1.5986 yesterday using your ...

raczekfx chart thread

Hi Stew, This is the most basic way that I can explain this issue. Sure I am leaving out many layers of complexity however for the purposes of understanding in the simplest terms this is the best I can do The reason that paper money works is that ...

Silent Service Method

Racs, Supports your idea that we are headed broadly lower in the near term. url Cheers. 4x.

raczekfx chart thread

Hi Satchfan, My mistake I must have had a brain freeze. Yes url us the URL now that I googled it again. It's in my recent sites in Chrome so I never type in the URL anymore Cheers.

Dukascopy

[QUOTE=triger88990;4440623]I'm a Dow theory practician. [QUOTE] Thanks for your thoughts! I too believe NFP may get ugly. Cheers.

raczekfx chart thread

Thanks for the feedback Trigger. Regarding trading with the trend I agree with you however I am of the belief that we need to see a material blow off in the markets to allow for the US gov to continue with QE3 and more in the future. In order to do ...

raczekfx chart thread