Thanks for the chart. I would not normally trade off M15. I sometimes use it to get in on a retracement. If we look at the weekly chart we can see we are at support of a range that has been there since March 2009 If this support breaks then we can ...

EUR/JPY Anytime!

My H4 bar closes in an hour. If it closes fairly solid I'll be taking a shot off the top, long with an initial TP the length of the bar. This is because it will be a bullish, engulfing bar. It may take a while to reach, I'm not sure. I also see ...

EUR/GBP - What a great pair to trade!

Let price action determine our next move. I mean, if 127 holds then I will not take a position. I may leave my shorts, though as I am yen bullish

EUR/JPY Anytime!

Better than we could have hoped for!

EUR/GBP - What a great pair to trade!

News — Quite a strong news morning. We have had good news for the Euro and waiting for major (GDP) news for Sterling in 10 minutes. This could set the direction for the next few days. If I see significant direction above or below the lower ...

EUR/GBP - What a great pair to trade!

Another angle — Here's another angle on the intervention question. The last few times the SNB has intervened it has been in the face of a falling Dollar so that the Swiss Franc has had strength against a rising Euro and a falling Dollar. Now ...

EUR/CHF

For the longer term traders the head and shoulders played out better than we could have hoped and we are now sitting on 127. A solid daily close below 127 and we are on our way to 11x fast and by fast I mean sell the house, the wife the kids. Take ...

EUR/JPY Anytime!

I'm OK BWR. You were missed. BTW Don't look at any of the pictures Chonchy has been posting of bikini girls. It'll give your computer a virus.

Cesarnc's market talk, gossips, rumours & fun

Here you are: — The dollar fell leading up to the news but even though the results were poor - three main factors: 1. Home sales value affect stock values, (See Dow performance 10 am), resulting in a shift into cash or bonds or other ...

EUR/USD News at impact 10 ET 25-Jan 2010

I know the feeling. Get used to it. I use S/R and trend lines and price action and sometimes fibs. So we have to wait to see if we get price action off the 38.2 before we can comment? Correct me if I'm wrong. I'm not a Fibonnacci expert. I even ...

EUR/GBP - What a great pair to trade!

It might be a bit hasty, but I am talking about the ones who managed the financial rout. I don't have an ounce of envy for anyone who bankrupts a bank. If I invested in a hedge fund and lost money I wouldn't use them again. You surely don't agree ...

No proprietary trading for banks

I'm looking forward to GBP/USD to break out of its weekly range/Donchian squeeze. Then we'll see some sparks fly. When?

EUR/GBP - What a great pair to trade!

It's not a great pin bar and the close is outside the previous bar, plus I'm seeing lots of resistance at .8950 and .9000 image Great charts for H4, H1 and lower time frames, though! I like the triangle on the daily: image

EUR/GBP - What a great pair to trade!

Hanover (who gives so much on this forum) quoted some very well respected traders who are basically issuing words of warning to the uninitiated. Hard work in this game pays off. The danger can lie in being over-confident and the best traders in the ...

Realistic Account Growth?

I usually split my trade into 2 parts. TP1 will normally be 1:1 plus spread and TP2 will be closed when I see a potential reversal. I would normally only risk about 1% of my account on a single trade so that I have margin for entering other trades.

How much Risk to Reward Ratio Should be used?

Popular — I don't think porridge is very popular in Florida, Yuppie. Here in Scotland it's essential. Even in the so called summer...

Cesarnc's market talk, gossips, rumours & fun

Dunno about intervention but I'm liking this chart: image

EUR/CHF

As usual I agree with a lot of what you say but not all but thank you for bringing in the British Government. We don't deserve that load of self regarding nitwits.

No proprietary trading for banks

And fat cats that can't reach them. Obama said never again would tax payers have to bail out banks who are too big to fail. I don't see this as heavy handed. These banks almost caused (and the jury is still out) the whole financial system to ...

No proprietary trading for banks

The only stupid question is when it doesn't get asked, or something like that. I seem to remember PC liking small ranges - i.e. a small inside bar - and small spreads. I'll leave the rest to work out for yourself.

The DIBS Method... No Free Lunch continues