it will take something big to keep this trade under the 4529 zone... it is simply too strong of support ATM.... besides its not uncommon during the hour before london comes on to get some countertrend spikes as asian traders are taking profits and ...

EURUSD

Good day to you too That is more or less exactly how I trade.. the new channel the GU is trying to make thus far is going from 6426 to 6596 area in a perfect world I would be able to watch price action when the 6426 is tested and play the bounce in ...

Cable Update (GBPUSD)

You and I are on the same wavelength...Ive had a pending long sitting at 6430 for about 4 days now...

Cable Update (GBPUSD)

I dont think you will be disappointed that you have chosen to become more of a position trader. If we can be patient enough to wait until the numbers are absolutes then frankly trading becomes somewhat easy and a little boring. But it takes care of ...

Cable Update (GBPUSD)

Since we broke out of the 6044-6426 channel and were rejected off the top of the 6596 channel we can expect now that the 6426 will hold as extremely strong support on the journey to 7048.... that is the last stronghold... If 7048 is taken out expect ...

Cable Update (GBPUSD)

good job all you silver hoarders... lol... I have a few positions from 8$ up but nothing major to write home about, mores the pity... i intend on holding them indefinately though...

EURUSD

my numbers show that we have been oscillating in a channel from 4184 area to 4529 for quite some times. We were rejected from the 4529 area 7 or 8 times recently with the rejections stemming over 100 pips on average.Now that we have broken and ...

EURUSD

the bernanke is on CNBC.... this is a repeat from jan

EURUSD

id love that... the 1.6044 level has made me a rich man

Cable Update (GBPUSD)

Long from 135.20 on the Bull flag breakout from the 1Hr charts took a little off at 135.80.... I am thinking along the same lines as you for a move over the 140.10 I am not really position trading yen pairs currently as the situation in japan ...

Cable Update (GBPUSD)

cause that is 94% of retail accounts.... what we are seeing is a major risk on move by large institutions trying to shore up balance sheets and convert USD to EUR(since its the only currency with comparable depth to the liquidity pool) due to many ...

EURUSD

UCHF is on a relentless move to .7500( long term view)... Myy numbers tell me that .8646 is the next major area of mathematical contention

EURUSD

omg!! LMFAO!!!

Cable Update (GBPUSD)

on the same token if you would just learn proper PA there was an easy entry long back at 1.4500 area on an obvious bull flag and you could of been taking profits out at resistance areas this entire ride up and been up well over 33 pips just sayin ...

EURUSD

[quote=the redlion;4561813] lol thanks man Im def no jesse livermore! My strategy normally includes a position entry with 2 TP targets... I treat the 1st one as adding to my "stop loss account" and the 2nd as a profit builder I then let the last leg ...

EURUSD

Im a long term channel trader and I trade what I see. the market will do what it wants and i am ready either way... if it goes back down then I have levels along that way I look at levels of contention( numbers which repeat mathematically over time ...

EURUSD

My charts are still showing this is headed for 4911 with a few pit stops for gas along the way( 4662, 4756, 4826) and if you want you can take the 50 fib between each of those targets to play with...

EURUSD

I agree... with less liquidity the market will whip around much more... good advice to be careful about profit taking tmmrw and friday Also I really wouldnt be suprised to see the GU fall back into the previous channel betweek 1.6044 and 1.6426 area ...

Cable Update (GBPUSD)

we can typically expect an "about face" the hour before london opens... oftentimes it gives some nice entry opportunities depending on Price action

EURUSD

pure bull markets are tough to trade. they really take no prisoner. Im not sure the TF's you trade on but I am long from a few positions down near the 1.6000 level... Ill hold them as my next target to a new Mid term area is 6596 and ill look at PA ...

Cable Update (GBPUSD)