To answer your question — This is BRV's explanation: url

No Brainer Trades

To answer your question — The best is Trade the News. Up to the second. The only downside being there might be a little too much detail (if that's possible). They will give you a free trial. Here is an example with the time set at GMT+1: All ...

Best News Information

My TP area — Short GBP USD 1.9650

No Brainer Trades

It's just my opinion. — FOMC - rates on hold... But I see dollar weakness for the next few hours/days. Oil has hit support and is consolidating at the moment. Cable has produced 2 bullish H4 pin bars which look like it's hit the brakes hard. ...

No Brainer Trades

Question — Billy Ray Valentine, in a previous thread you outlined a news trading method which boxed out the previous 2 - 3 hours and used trailing stop. Do you still use this? Thank you very much for this thread which I read assiduously. I'm ...

No Brainer Trades

Waiting... — image This daily chart shows GBP/JPY at a crossroads. Both 216 and 208 have historical significance going back years. 214 does not seem to be acting as support Are we looking at a rising wedge/pennant that will soon break? I ...

Daily GBP/JPY analysis

Is it this? — I'm hoping it's not something more obvious than lower lows, followed by lower highs, then higher lows followed by higher highs, and so on. Please Mr Ironman, put me out of my misery.

No Brainer Trades

Waiting... — Thanks for the input Primate. Let's wait and see and maybe not get our fingers burned? Jebatfx: Keep 'em coming. Those charts really brighten up my mornings.

Daily GBP/JPY analysis

That was really interesting, smikester — But if you want to see something, the funniest thing that's been on FF for a while, go to The Moe: "I am dying" thread and look at this: url

Daily GBP/JPY analysis

H4 chart - IMHO — In the chart below we see the GBP/JPY in the confines of the H4/daily channel started around 17th March - nearly 4 months ago. Long would seem the way to go but at the top of the chart we see strong resistance in the form of ...

Daily GBP/JPY analysis

That hit the nail on the head — A pencil and an eraser. I use squared paper. The F12 key (Metatrader strategy tester). And lots of hours. It's fun at first when you find how much money you could have made/lost. Look at indicators when you take ...

Any pin will do?

Here are some I prepared earlier... — You could look here url and here url You will see that people have different opinions and levels of sophistication. I was surprised to find so many differing points of view in experienced traders. Some ...

need help with setting stops

Bearish — As cable is now trading above the bearish daily channel it created, you might consider moving your stop loss to just below this? I certainly wouldn't want to lose those gains. Look at the pattern cable has been making in context of ...

is this a correct double bottom entry?

Risk reward ratios. — Consider splitting your trade into two and letting half run until a reversal signal occurs. This might get you into some longer trends and trades. As for posting charts, you can practise here: url where literally ...

Any pin will do?

Spreads — You buy at the ask price and sell at the bid price. When you close, or take profit, you have to take the close at the other side of the spread. On shorter time frames this becomes a problem because the spread can, as you rightly ...

Charts based off of the bid price?

Agreed — Looking back over the charts this method will give lots of losses. It doesn't suit everyone's book. Cable is at the top of a daily downtrend. It is likely to bounce off the upper trend line and continue down. However, there is a ...

The DIBS Method... No Free Lunch continues

Conflicting candles — Good morning. I am studying price action and I am just a beginner. I would like to start by thanking you all for the excellent posts and analyses I have read. pipsja's and giraia's posts have raised a question. Could ...

james16 Chart Thread

Be careful! — The fact is that gaps usually, but not always, fill in currency trading. It is dangerous to trade the gap alone because sometimes it will take days, weeks or even months to fill. If you do your analysis properly, and it looks ...

Mind the Gap!

Have a play here — You can make a mess here: url Have fun

james16 Chart Thread

USD CAD — What a shame the nailed pip on the daily didn't play out according to the tight stop loss rules. Looks like it might now, though, with price action on H4 candles on my chart and also a nailed pip on the H1 (so far). Worth keeping an ...

"The Pip Nailer". Any time frame, any pair