It amazes me even more that some people think they know more about CAD than the market itself. There is no right or wrong price for USDCAD, the price is what it is and what it prints in the chart. Period. It doesnt matter why it goes down or up, and ...

USDCAD trend reversal?

That's one big assumption. Becareful. The way I personally trade S/R levels is: determine the strongest level where different factors of support or resistance fall in line within a tight area of the chart. Then I wait for price to retrace to that ...

Price bouncing off support or resistance,your thoughts

You MUST understand that success will NOT come from a trading system. I keep repeating this stuff, but it's ultimately true: a system is there to give you the work frame, like a tool-box is there to aid the carpenter. But if you dont learn how to ...

give me a system

I dont analyze fundamentals. I analyze the outcome of one very spike and whether the trend overwhelmed it or not. I dont care if the news are positive or negative, only about where the spike rebounded on the chart.

Cable Update (GBPUSD)

The 4H is my favorite chart, aiming for between 50 to 80 pips per move. However I do take intraday trades off the Hourly chart. Anything lower than that drops my win/loss ratio (I still havent figured out why) and occasionally I trade off the Daily, ...

What kind of player are you?

When news-delivered spikes cannot breach through significant levels of support/resistance and produce a momentum bounce off them in the direction of the main trend, it's a strong indication that the trend has overwhelmed the spike and it's a valid ...

Cable Update (GBPUSD)

What exactly is grid-trading?

Grid Trading EURGBP

First of all, what do you consider support/resistance? I mean, what tools do you use to label one particular level as such?

How recognize false and right breakout of support or resistance level.

There is a way to blend news spikes into your technical analysis tools. I do it all the time and it adds quite a lot of info to the whole picture.

Cable Update (GBPUSD)

Trying to catch a falling knife (meaning picking tops/bottoms), aint we?

USDCAD trend reversal?

By the way, my statistics say that GBPUSD has reduced its average daily range considerably as of lately

Cable Update (GBPUSD)

This trade lost gas halfway through after a rather swift thrust down at London open. The whole second half of London was boring and range bound. I dislike flat-lined markets so I exited at +5 pips. Very quiet and boring day as far as I am concerned.

Cable Update (GBPUSD)

I dont quite get what's the point of those momentum bars?!? I mean, what additional info do you get off them?

MB Trading Futures - Introduction

Nice London Open Breakout setup on cable this morning. Only trade looking good according to my system. Anyone else riding the open breakout?

Cable Update (GBPUSD)

WOW, today's down-move on both USDCAD and EURCAD was too fast and too straight forward for my taste, so I didn't profit from that down thrust in the first couple of hours of London. Anyone caught that up?

USDCAD trend reversal?

Good to see you're helping newcomers by lecturing them how to read price action off S/R levels. It's the way I trade myself and in my opinion is the right way to go. Hats off to you mate for your effort.

anyone need help?

There are a number of strategies to trade the news: straddling, continuation, auto-click softwares, spike-fading, etc. You might want to dive into the News Trading section of this forum and read it through. But be careful when trading the news: it's ...

How to trade the news

For your own sake, dont search for a EA, they dont work in the long run. Do you truly think that if anyone had a consistently money-making EA he would release it for free on the net? Invest your time studying about trends and about price action. ...

Suggest me a good EA please..

It's been ages I havent fooled around with any other system than my own. I find the amount of "systems" floating around here in the factory mind-blowing. And most of them seem so complicated !!! "if the 35 EMA angle is superior than 20 degrees and ...

Poll: system due diligence

Sure, here is indicator. It shows the currents day range (high to low) and the average daily range for the last 100 days. If you want to modify that 100 day figure, you gotta swim into the code and change the number there. It helps me identifying ...

Cable Update (GBPUSD)