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smikester replied Dec 22, 2009Jebatfx — Thank you for your valuable and consistent analysis. Have a good break.
Daily GBP/JPY analysis
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smikester replied Dec 22, 2009I agree. Have a look at the historical charts and make your own decision. January is usually pretty dynamic because of the break.
holiday slumps?
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smikester replied Dec 22, 2009I mark NFP week in my diary and I won't bother trading too much. I leave my longer term trades on. The markets are usually flat leading up to it, anyway.
Why market overreacts?
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smikester replied Dec 22, 2009Smikester! — Thank you very much ahhhh... I think this is could be the beginning of resumption of long downwards trend (I'm seeing hidden bearish divergence on monthly chart)
Daily GBP/JPY analysis
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smikester replied Dec 22, 2009Analysis — Contrary to popular opinion, this pair usually respects support and resistance levels. We are in a downtrend and we might be wondering, when we draw our levels, why 147 was not respected recently. My theory is the NFP figures were ...
Daily GBP/JPY analysis
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smikester replied Dec 21, 2009Simply that it's 6 hours into the trading day for UK. If it's an up day by 6am then it's likely to be an up day and vice versa -that simple. Also trading out of the Japan/Sydney range, is a well tried and tested strategy. To by pass the recent ...
The DIBS Method... No Free Lunch continues
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smikester replied Dec 20, 2009Taotrader — I agree with your analysis but it would appear you have posted the wrong charts.
Daily GBP/JPY analysis
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smikester replied Dec 20, 2009It is a great pair to trade — I would like to post a link to a post by a trader for whom I have lots of respect: url
EUR/GBP - What a great pair to trade!
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smikester replied Dec 20, 2009Yes it can. Thanks for the heads up. I'm not too up on candle formation but this pair has hit a support level. 8850 became an important level 15 years ago where it was resistance. It now looks like becoming support. I think the time of year may be a ...
EUR/GBP - What a great pair to trade!
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smikester replied Dec 19, 2009My Grandma always said don't trust people who don't drink or eat sheep's head broth. You will be pleased to know I think you are OK. I may regret this wine induced post. Have a good Christmas.
Strat's Long Term Stress Free Trading
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smikester replied Dec 19, 2009It is grinding on, but — I know I should read the whole thread to see if someone has already said this but here you are anyway: If you take a trade on a particular time frame and have a profit target in mind then that's the trade. If, from ...
The Reason why 95% Traders fail
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smikester replied Dec 19, 2009I know I should know but who is the person in your avatar and why?
The Reason why 95% Traders fail
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smikester replied Dec 19, 2009Chonchy - re criticism — Well you'll always get criticism on these kind of boards. When it happens to me I just shut up and go away. There's no point in getting worked up on the internet - it's like throwing sticks at rabbits. Anyway we all ...
Cesarnc's market talk, gossips, rumours & fun
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smikester replied Dec 17, 2009Closed — I closed the above trade at 8909 for anybody who's interested. Waiting now...
EUR/GBP - What a great pair to trade!
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smikester replied Dec 17, 2009Yes, it is. Obviously, inside bars are a form of price compression. DIBS trading (see thread All the coffee you can drin...) is a form of this and the principle there being you can get into a major trend with a very small stop loss if you choose the ...
Breakout problems
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smikester replied Dec 16, 2009Reviews: — — NEW JERSEY STAR LEDGER “Cinnamon, clove. Rustic. It has some aggressive flavors…very nice…” I like that review. "Very nice" I think New Jersey sounds like Manchester where I come from. We like very nice wine there, too.
Cesarnc's market talk, gossips, rumours & fun
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smikester replied Dec 16, 2009For BRW — Cheap red wine: Malbec / Bonarda One of our top sellers. The Malbec grapes came from France and the Bonarda grapes came from Italy...put them together in Argentina and you have a delightful, easy to drink blend. The Malbec variety is ...
Cesarnc's market talk, gossips, rumours & fun
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smikester replied Dec 16, 2009It looks like hitting support sometime soon - possibly 8840 and it may reverse. As you rightly say, this is the second stab at this level recently. It only needs a push to go right through. If we are looking at rsi we need to look at the weekly and ...
EUR/GBP - What a great pair to trade!