USDCAD still consolidating sideways as far as I am concerned. Do you guys believe you can make money off a consolidating market?

USDCAD trend reversal?

What exactly makes a currency (be it the greenback or any other) "strong"? the only one to dictate such statement is the chart and price. Fundamentals are good if you trade very long term, but otherwise you cannot go against price/chart/trends.

EURUSD

We had the Minutes from UK this morning. Very unwise in my opinion to enter GBP trades before the news.

Daily GBP/JPY analysis

I agree that forex is not the best market for such small moves. I find it easier to actually trade off the hourly chart aiming for 30 to 50 pips than trading off the 5 mins chart aiming for 10. Spreads are too costly for such small target price.

Just 10 Pips !!!

Meaning?

What are the best MA's to use?

Becareful when using Multiple Time Frames, you might run into the common error of loosing perspective of what's actually going on in your main time frame (the time frame where the trading setup is actually unfolding) paying attention to what's ...

Question on Time Frames....

What you are describing here is usually called "fading the spike". The way it works is to wait for the spike to boom up and hit a significant level of support/resistance from a technical point of view (a trendline, a previous swing high/low, etc) ...

Counter Spike Trading - Anyone try it like this?

I scan through every single currency pair offered by my broker on a daily basis, before the actual trading session begins, in order to spot trending currency pairs and in which time frame they're trending. The pre-session filtering routine takes ...

Anyone like me trades 15 pairs?

Trends occur in all currency pairs. I think it's pointless to stick to one currency pair searching for trends. Instead, comb many currency pairs (and time frames) searching for trending scenarios.

TREND: Which Pairs to Watch?

I think you have miss-understood what a hedge carry basket is. It's a basket of currencies pairs that seeks to annul each other's volatility, fishing profits exclusively from the interest rates differentials between the different currencies of the ...

6 Basket Hedge: Large Swap

Which is exactly the reason as of why it's so important to search for entries ONLY in clearly trending markets. It's like sailing with the wind on your back, or swimming downstream. By trading in the direction of a clear trend, you're simply ...

how can we guess about pairs???

In my opinion, the 30 SMA, the 50 SMA and the 100 SMA is the combination of MAs that best identify the overall market sentiment (aka trend) as long as they plot in the chart in a particular fashion. They are universal, meaning that they work on all ...

What are the best MA's to use?

MACD Daily has been showing divergence since mid-april yet we keep making new highs. I personally dont trust divergences because by the time they *may* work, you're already hundreds of pips in the red. Just have a look at the Daily chart, the 4H ...

Daily GBP/JPY analysis

I always advice to not enter any trade beyond noon London time. Profit takings by institutional players, you know.

Right Time To Trade Now? E/U?

Alright. A piece of advice here Pipsqueak, take it if you will, discard it otherwise: drop that way of thinking, it will NOT work in the long term. I recommend you to do some serious studying and forget about trying to guess tops and bottoms, the ...

Daily GBP/JPY analysis

/ooc DING! Oh crap, wrong game!

How long you been at this?

I dont mean to be disrespectful but... holy shit mate... what the f... I wish you good luck with your trading.

Daily GBP/JPY analysis

So you're shorting the mother of all uptrends few hours prior the weekend based exclusively on what the Chinese might or might not say the next week? I see...

Daily GBP/JPY analysis

what exactly are you guys basing your shorts on? because I cannot see ANYTHING in my chart showing weakness on GBPJPY...

Daily GBP/JPY analysis

I know I am so gonna get flamed for this but... wave counting is such a load of horse waste - looks fantastic in hindsight, but useless in the right edge of the chart.

A possible wave count