Right enough, everything is aligning at this spot on my charts too, clustering between 1.3820 to 1.3852. My feeling is that EURUSD has moved way too far in too short a time, there must be a reaction - which is a dangerous thought because it leads me ...

No Brainer Trades

Time for a bounce on EURUSD? This massive APF median line is in the vicinity and the fork has been respected a couple of times already.

Andrews Pitchfork (Median Line)

Next level on EU I'm looking at to see some support is 1.3925-35. It also seems to correlate with some of the levels on other pairs too, but this looks to be the most clear cut example, although EUR is getting it's hind kicked more than other pairs.

No Brainer Trades

See the 0 level on the right of your indicator window (the 0 corresponds to the MACD value)? It is not equidistant from the 150 and -150 values above and below it (which correspond to the CCI values). I would have thought that for the system to be ...

A nice Leading Indicator

Difficult to say what you should do as what I find works for me may not work for you. There are many ways to skin this cat, despite what some say there is no 'only' way. You just have to figure out what resonates on your level and stick with it. If ...

how to lose money spreadbetting

Mate, you are woefully under-capitalized to be using those money management rules with only a few hundred quid in your account. Your main objective is to lose as little money as possible in the next year or two so you actually gain some experience ...

how to lose money spreadbetting

Sounds like you have a great system, all you need to do is exactly the opposite of what you are doing now. Think about it - the reward to risk ratio is excellent and by the sounds of it the success rate is very high. Trading requires a paradigm ...

how to lose money spreadbetting

I disagree, the pro's make the trend, they are selling their positions to the newbies who get in at the end of the trend. That is why the newbies lose and think that the market is doing exactly the opposite of what they are doing - it is no ...

I thought that...

Cheers bro, I wish some more people would post a few charts too. I watch a number of pairs and refine the levels often but a fresh perspective and some new ideas are always good. BRV has said enough that we can run with it, and if he returns to ...

No Brainer Trades

I think there certainly has been an increase in the number of jobs in the 'risk management' industry recently. Exactly what these people do is beyond me (despite one of them attempting to explain it to me), but somehow they statistically quantify ...

Who Manages Risk Anymore?

Can you post a chart mate, I can't really see a significant level there. A very minor intermediate low at 107.45 but the confirmed support level appears to be around 20 pips below. Perhaps this might be an area where you might think about phasing in ...

No Brainer Trades

Check out GBPCHF 1.9580 - 1.9600 for some potential support, can't post a chart right now but look to March and April for historic price action in this region.

No Brainer Trades

Looks like a solid area of support could be found based upon this price action going back to 2006. Bear in mind that GBP is getting a hiding on the higher time frames so take it easy. How price reacts to this level should reveal some information ...

No Brainer Trades

It is true that a high incidence of gaps are filled and I believe they do present tradable opportunities. However, not all gaps have been filled, for example I think there was one on GBPUSD that never got filled last year. It may be the case that it ...

No Brainer Trades

It reacted precisely to that price, but the reaction has not been particularly large (approx 50 pips) so people bought at that level but others were unwilling to join in. Since then it came back to test the level once again. My opinion is now that ...

No Brainer Trades

Looks like it has already reacted to that zone, take a look at the last low that was made when we were last in the area.

No Brainer Trades

GBPCHF energy point in the next few hours, plus some tough support below at 1.9916 from April.

Andrews Pitchfork (Median Line)

Just a minor dispute here, the Fibonacci retracement ratio that is mentioned in the pdf and BRV's first postings is listed as 76.4%. However, although this is 100 - 23.6% (the ratio of dividing a number in the fibo series by the number three placesd ...

No Brainer Trades

It was an intermediate swing low and made a double bottom there (198.07) in April, but I'm not seeing this level being particularly respected before then. I like the level, but I don't love it.

No Brainer Trades

Is this the bottom for GU? This chart says it could be.

Andrews Pitchfork (Median Line)