All trading is risk by the way Also, the retrace can be at least 30, 40, 70 even as far as 100 pips depending on who you ask!! Somce traders will not trade the retrace and look for a long entry low and some will short trade the retrace as in the ...

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Confluence of resistance on Daily

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As I can tell, you are strictly a technical trader and I know pure technical traders just analyse the chart and the levels. So its "Allcharts" The problem with traders who get bothered with the news (myself included sometimes) is a mistake in ...

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Good call on the up leg.. But I would have hoped for some Fundamental of technical analysis to support it.. Otherwise, traders get annoyed really.. Hope to see more analysis from you soon

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I would sure like to read your updated count my friend..

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Man.. You are funny.. Thanks for putting a smile on my face..

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Man!! Bloomberg is spot on lately!!

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Bloomberg doesn't think it will be good numbers! But who knows

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Will miss your great trades

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He was talking about a trade on the USDJPY pair by the way!

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Ok sir.. Please post your analysis and let the fine traders judge what they want to do for themselves then.. That is what we all do..

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Yes sir.. That is similar too.. Lets hope it plays out well GL and Green pips..

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I had the same analysis just a while ago

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Also the USD index just hit support and the 61% Fib retrace for its up trend! So We'll see what that takes us..

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I am kind of with the bubble theory!

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I think I heard that Bloomberg is saying that they are likely to keep rates..

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Not taking the trade, but I think this could hit 5470 on the downside.. imo EDIT: just watch for that 5520

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Being the gap closing person on this thread, here is a gap that never been closed.. Kinda big too..!!

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Isn't it about which currency would fall faster? I mean it has to be GBP loosing value faster than JPY (which should be the case) for this pair to fall..

Geppy's Geppy Thread (GBP/JPY)