were at a convergence of H4 descending trendline now... be careful;

EURUSD only

Moty - can you put your strategy into an EA for me? ill make one little change and it will be perfect, set and forget... simply change buys to sells and visa versa

EURUSD only

All i can say is - wow - what a ride!

EURUSD only

As a fellow Kangaroo - i wish you the best moving forward. With a 500k account you should be able to do very well indeed once you find a good strategy. I can make a modest living off a $50k account - i only dream of what would be possible with ten ...

Yen Flash Crash Costs $14 Million

i cant beleive im reading this... The amount of money lost is irrelevant, to some 14M is a huge amount, to others its pocket change, its all relative and depends on your perspective. But starting a go fund me for this is ridiculous. Imagine if ...

Yen Flash Crash Costs $14 Million

Also DXY broke descending resistance line on 4H chart, now in breakout movement high which we saw the beginning of on friday. Gov shutdown holding back USD - otherwise we would already be be lower than we are now IMHO. Beginning of asia will be ...

EURUSD only

Its a reflection of the risk sentiment. Equities go down when risk off and this usually has the reverse effect on the yen mostly as you pointed out - but also the USD and CHF to a lesser extent. So if we get risk off - adds weight to USD strength ...

EURUSD only

well i know ill be long early asia for a few scalps in the low volatility period By the time Frankfurk session opens ill be out. EU session could go either way but i favour long again unless something odd happens in asia with china data and ...

EURUSD only

Ok i stand corrected - thanks for the link. i understand the problem now and agree with the statistical math behind it. However i think it is still a bad analogy for trading and taking a position long or short and deciding whether to switch ...

EURUSD only

Excuse me??? LMAO... They were all 1/3 in the beginning - then door number 2 became 1/2 after the new information. But door number 1 ALSO became 1/2 once door 3 was excluded! Are you sure you understand it!? lol...

EURUSD only

This is a poor analogy to the situation here - yes the probabilities have changed for door number 2 once the new information is given - but so they have also changed for door no 1 aswell!!! Moty - ill give you (and everyone else) a little ...

EURUSD only

i do exactly the same thing, for exactly the same reasons it works

EURUSD only

note the rising price but falling volume last 5 bars; theres more to come

EURUSD only

Gutsy move man - all i see is a huge ass bear flag on that 5M chart... hope the scalp pays for ya And heads up US PPI in 90mins...

EURUSD only

i agree - no buying here! All news points to a huge defeat on the vote, backed up by tweets from many of the politicians on twitter etc and MS media... The way i see it, is the main risk is a surprise pass, it seems almost impossible tho. Given that ...

EURUSD only

i see 1.13xx post brexit vote... still holding shorts from last week and taken a bunch of short scalps along the way , wishing i held those too but wanted to reduce exposure when it broke above 1.15. Anyone else thinking its going to tank after the ...

EURUSD only

I dont see how margin has anything to do with it? We are simply talking aboiut winning more than we are loosing. If the edge comes from the small SL - then if you place a trade "each way" the winner will supposedly win alot more than the loser and ...

Central Banks & Big Players

i dont get this... if the risk reward is always on your side - then you can simply place a trade each way both buy and sell, both with small SL and big TP - then it doesnt matter which way it goes you win correct? if not - then how does the system ...

Central Banks & Big Players

J pairs seem a bit cheap now eh?

Daily Trading Ideas

The reason i asked is because i can see no reason for favourable probability when your holding positions for "many days to weeks" unless you have fundamental reasons for a pair to go in the direction you intend. I couldnt work out how you could base ...

System of Pending Orders