Hey, We'd still need the 4hr to play ball in order for our system to fully back a sell trade. You know what, you probably could sell now however with decent support around 151.50 it's a 40pip max safe bet at the moment however the kumo on the 5min ...

Ichimoku forever

G/Y Daily Report — Hi All, Daily G/Y report attached. It is Friday which means all good little traders are on the side lines watching the end of weekers cross swords and behave erratically. It's been a really excellent week for trading with ...

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USD/JPY Traders — Hi Guys, To all those who hung in there on the USD/JPY trade - FXriddle - a number of us told you that was a great setup you entered and by my count you're up 80-90 on last check of the 5min charts! Keep ...

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Hey mate, The path to major wins is certainly in the forecasting and you can only do that with the longer TF's. Please keep coming back and certainly post anything you feel is valuable, it's much appreciated. Good luck with it and let me know how it ...

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hi mate, Just checked out your blog, looks like we share similar views on housing!! Chngster points out a few valid reasons that any decline should be cushioned slightly however a great study is to get on the likes of realestate.com.au and search ...

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Hi fxriddle, You had me there for a minute until I realised you use blue for the TS and red for the KS - mine are the opposite Looks to me like the down trend is still well and truly underway as you suggest. After checking W,D and 4hr we ...

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GBP Reaction to Rate Decision — Hi everyone, Just a note confirming that the expected post news pattern for the GBP occurred again today after the GBP interest rate decision. The pair (G/U) jumped 70 pips in the first 5 mins only to retrace ...

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Hi Peter, Not a problem, glad you have joined us. Regarding fundamentals, you're certainly not the only one who takes a purely technical point of view and in fact I am a strong believer in the possibility to suffer analysis paralysis from trying to ...

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USD/CHF Feedback — Thought this off my news reel subscription might have assisted with the strange moves in the pair today. NEWSOFTHEDAY - 9.32am GMT US Dollar vs Swiss Franc: Vague chatter of SNB rumors aiding USD against Euro and Swiss pairs ...

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USD/CHF Review — Hi Peter, There are a couple of things that I see that contributed to this trade failing however your have also been a bit unlucky on this one given how clearly and reliably a number of other pairs have been performing ...

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Decided against golf today to monitor the short from last night into the US session. Just closed out 51.4 pips (92.07 down to whatever that less 51.4pips is ) Great call yesterday mate. I didn't get in high enough to make this a long term trade ...

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Hitman, Looks like someone has some stops around 86.00. The length of the tail on this latest 5min candle though implies that someone is buying into the downward movement. We may see the NY's test the mettle of the stops in the next hour or so. NOTE ...

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Hi Peter, 6am GMT. What was your entry price and SL value and will review it now if you like! Cheers.

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Mate, I am from Melbourne myself and I hear you on that one!! My friends have been asking me why I haven't bought a place and I keep telling them that they are buying hot air. It's OK if you bought in 2000-2003, not now. When all the people starting ...

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Hitman, Check the 1hr chart on the A/U and the most recent candle has had a real crack at busting the kumo and been denied quite strongly. I would be waiting until 1hr TS/KS has crossed upwards TS closes above kumo along with the most recent ...

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Hitman, the A/U is definitely in a strong upward trend - there is no doubt. I will check the charts and get back to you shortly - don't want to make a call on something that I haven't looked at . Cheers.

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Market over run — Hey Doc, What are you thoughts about the present currency movements? We're seeing decent weakness again from the USD vs the JPY however the other USD pairs are not running up as steeply with the exception of the G/U which has ...

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Nearest resistance is 91.61, if you can get in on a decent retrace everyone you should consider this trade. Look for it to hit maybe 91.90 or so to give at least a 20pip target. 92.10 will be hard to break as resistance now as SL and will provide ...

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Vic's U/J Trade (Additional Charts) — Hi Everyone, Following up on Vic's U/J trade from yesterday, I have attached a few charts with trend support and resistance lines on them which are quite interesting. All charts show a narrowing wedge ...

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G/Y News Neutral — Hi Everyone, The UK interest rate decision and policy minutes have provided a neutral take on future direction for the UK Gov monetary asset purchase program. Note the initial 5min bar almost halving from the total distance ...

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