Wish you luck with your very clear and defined trade rules in a market which is not that clear and defined. It must be your years....

Cable Update (GBPUSD)

Dear Magix, If the chart I presented did not gave enough information why 1.555 could be an interesting level to go long for me, it could be fruitful to ask me where this level is based on instead of telling me it has no sense and telling me I'm ...

Cable Update (GBPUSD)

For me it's just finding optimal r/r I'm not selling in a clear uptrend. 1.555 is not an entry level, it's a level where I would be interested if it gives support. If PA develops unexpected I'll reconsider my chances look for other pairs and other ...

Cable Update (GBPUSD)

Yes, I will it's a free wait, no probs with that at all.....

Cable Update (GBPUSD)

imo — Uptrend still intact. No positions atm, targeting levels around 1.555 for re-entering longs D1: image

Cable Update (GBPUSD)

Kind of reasoning is following: Strength/weakness of USD and Yen defines UJ level. USD is strengthening. Other factors remaining the same this should lead to a rise of UJ. Recently UJ remains stable so YEN is strengthening too which is not very ...

USD/JPY Discussion

Current strength of USD (USD-Index, GU, EU) is not projected into UJ. So J is getting stronger. Implication: as soon as USD-Index tops we could see a drop in UJ Any sense in this argument?

USD/JPY Discussion

Thanks Petar, not sure I'm happy about it but yes accustomed to always tell the whole story, good or bad.....

USD/JPY Discussion

Stopped @ 85.80

USD/JPY Discussion

Interesting, data is from fxcm

USD/JPY Discussion

Yes I see that too, although long term I think trend will change, it's just a little too obvious for me this will happen around previous low at 84.80

USD/JPY Discussion

That's because we have a major descending UTL currently at 85.70 limiting the retracement. As far as I know the start of the pole of a flag has no meaning in the expectation where the flag will break. BTW there were more important reasons for the ...

USD/JPY Discussion

Well move from 86.08 towards 85 (the pole) is the start of a possible bear flag. If we see an ascending trend channel after the pole, the flag is being formed. It's validity grows when symmetry is more perfect. As far as I know there is no ...

USD/JPY Discussion

on your chart, draw a parallel UTL based on your LTL running from 85.0 to 85.7

USD/JPY Discussion

and bear flag

USD/JPY Discussion

With 86% of traders long I expect some stop hunting. Short @ 85.60 SL @ 85.80 Target open H1: image

USD/JPY Discussion

I'm not a pro but I wonder.... I see pro's in FX markets and particularly politicians as great manipulators. I think Bernanke & Co. will do all they can to talk down the USD trying to inflate their enormous debts and stimulate their economy. Some ...

Cable Update (GBPUSD)

On what are all these certainties based on?

Cable Update (GBPUSD)

Hi boys and girls.... Back from holiday, all longs closed.... Looks like I have a lot of reading to do

Cable Update (GBPUSD)