I don't know what it's like in your jurisdiction, but here in the UK we have a special arrangement called spread betting, uniquely it is exempt from any kind of capital gains tax, and tends to offer a wider range of markets, anything from options to ...

Dow Jones

Decision time for the DOW — I don't think it's a surprise the market is looking to close around here, I think some decision will have to be reached about the debt ceiling over the weekend. The markets have been relatively sanguine about the ...

EUR/USD 5min - Trendlines and Pivots

EV, I made the exact same trade, great minds think alike. "Mysterio's trend lines", I like that. Note how price tests the TL a few times but not once does the body close above it. These are almost cast iron trades! I've already posted commentary ...

Psych Levels, Pivots, and Trendlines - Resurrected

image Nice set up on Cable And in case anyone was wondering about yesterdays Aussie cliffhanger, here's how it panned out. Glad I stayed out, not enough volume for a proper breakout. But look where the top is, a confluence of the all time high, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Here's how the Dow Jones looked for me today, quite enjoying the index trading which is totally new for me. Trade 1 was a false break out : -12 Trade 2 was a real break out up to the pivot : +30 Trade 3 was a break of the H&S then down to the ...

EUR/USD 5min - Trendlines and Pivots

Watching this at the moment but not trading it. TL breaks seem more reliable in the London session, quite often price will move horizontally during slow times then resume the trend during the next session. That said USDX has just broken a bullish ...

Psych Levels, Pivots, and Trendlines - Resurrected

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Psych Levels, Pivots, and Trendlines - Resurrected

Interesting PGD, I didn't see that flag. I draw lines on a 15m chart and trigger on a 5m chart. The flag you drew, if drawn on a 15m chart, looks pretty weak. The one I posted is more distinct and I find this way you get much more reliable signals. ...

Psych Levels, Pivots, and Trendlines - Resurrected

I know it's forex factory but today was a bit of a shocker for me on the Euro, two breakevens and a loss, however a beautiful day on Dow index futures! Last trade still active. Of course, any idiot can short the Dow on a day like today! image

Psych Levels, Pivots, and Trendlines - Resurrected

I took one about 2.15 GMT down to the S1 image

Psych Levels, Pivots, and Trendlines - Resurrected

Today's set up, again i'm trend line crazy image

Psych Levels, Pivots, and Trendlines - Resurrected

I'm going to resurrect this thread on a pretty informal basis. I work full time but I can still do analysis and execute trades at work if need be. I miss the thrill if i'm honest and I did enjoy some success although lost it a bit around the holiday ...

EUR/USD 5min - Trendlines and Pivots

Thanks EV & PGD. Hopefully I can chip in every couple of weeks. I see Euro went up like a rocket after briefly piercing S1. I'm surprised as I thought it would go further, but I realise the EU summit is on and it looks like some good news has come ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi guys, haven't checked in here in a while! I had 6 months off after I graduated but ended up having to get a 'real job'. I get study days off to do the CFA exams so still like to do a bit of trading in the mornings. Here was this beauty for 30 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Kush, thanks for the well wishes. I have decided to put my trading on hiatus. To give a reason for this, I don't see this as a serious long term proposition at my period in life. To give a little background, I finished university in July and ...

EUR/USD 5min - Trendlines and Pivots

Not looking too promising at the moment but we'll see. It's a bearish wedge, pretty much. image

Psych Levels, Pivots, and Trendlines - Resurrected

You're all quiet! Just took this nice one on the Aussie, nice for it to behave for a change image

Psych Levels, Pivots, and Trendlines - Resurrected

Also short on the E/U 1.3384, stop at break even. Stop at break even on the A/U lot. Out B/E on both

EUR/USD 5min - Trendlines and Pivots

Well a fairly lousy week last week. My head wasn't really in it after the holiday. So, first trade of the week is an Aussie short image

EUR/USD 5min - Trendlines and Pivots