Thats what you get for living in Europe..8650 got its balls tickled and I was in bed.Boo! Anyway just look at H4 pa..Dont get any juicer than that.

AUD/USD

I agree to an extent.I used to think the brokers hunted stops but think not now.The market hunts stops.Thats what fuels it.Customise your MT4 fib tool to include .705 level and you'll be surprised.

AUD/USD

Know what you mean. I took a long on cable from1.58 to 1.71, closed and shorted at 1.70. Took profit at 1.67! Hmpffff!

AUD/USD

I agree.I also agree with your bias on the other pairs.Took profit on GBP/AUD and AUD/CHF too soon and plumped for AUD/USD and NZD/USD mainly because of the cracking swap and the less volatile movements( I tend to keep trades weeks/months).

AUD/USD

Do we really listen to news anymore? It either kicks you on or gets you in.Unless you day trade that is.Too long in the tooth for that bullshit

AUD/USD

Just think of the fundamentals here also.Fed will be itching to weaken USD. JPY & china running out of steam fast, AUD/NZD completely exhausted for commodity currencies , grain comms on their arse.Don't really know how much ammo you need

AUD/USD

Absolutely.NZD/USD same score obviously

AUD/USD

I'm seeing good old fashioned accumulation.High volume stopping the drop 0.8675/55, tight range forming( been over a month now and statistically the longer a daily range lasts more than 2 weeks the more likely a trend reversal) and add to that a ...

AUD/USD

Absolutely. Fundamentally I also feel that the AUD is unreasonably weak and we have now also started to see Dollar "buying" on red news.Always a dead giveaway. Just waiting for this to kick on to the upside and I'll be on it like a tramp on a ...

Simple Uncomplicated (obvious) trading

Very true

Counter-trend trading

I am seeing good old-fashioned accumulation on the AUD/USD. Prolonged bullish rejection of the crucial(historic) 0.8755 level and an extremely attractive swap rate to the long side (well over $5 with most brokers). Anyone else see the same?

Simple Uncomplicated (obvious) trading

Hello gspajon Excellent thread and exactly what trading is all about.I too spent about 6yrs trying out all sorts of bells and whistles and in the end have come back to PA. I use Ichimoku to give me trend and dynamic s&r but apart from that its pure ...

Simple Uncomplicated (obvious) trading

Very True.Also "Where price is now it WILL be again" You only lose money WHEN you give it!

Counter-trend trading

165 is looking very strong.

Cable Update (GBPUSD)

Cheeky fuckers. Gonna stare em out on this one !

Cable Update (GBPUSD)

hello E. Hope you're having a good day. I have an inherent problem with MA'S. When someone says "Wow, look how it bounced of that MA, I think "Well of course it did, it's the MA !"

Cable Update (GBPUSD)

Daily looking nice for the drop. There again , who knows with this monkey. image

Cable Update (GBPUSD)

We're still below daily open so as far as I'm concerned, today, we're still in a down trend.

Cable Update (GBPUSD)

If we can break and hold below 7110 ,monthly open that might just be the tail on top of a monthly bear candle

Cable Update (GBPUSD)

I wouldn't be surprised if we end up sub 1.7040 today for a bit of consolidation leaving the last week looking like a huge Bull trap.

Cable Update (GBPUSD)