Quarter flipping has a 50% chance of success - that's quite good!

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Yes sorry I should have stressed I use it as a way of knowing what is driving some of the bigger moves and a reminder for what's coming up in the news calendar (so I Know when to avoid). Not as a trade tool.

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Just log into bloomberg in the morning and have www.ransquawk.com on all day it's free and will teach you a lot about fundies and sentiment while you are watching the reactions in the market. There are a lot of people on here who just trade s/r and ...

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My confidence is much improved thanks to results like this. In case you are wondering why they are all 80+ some of these trades were worth a bit more but , a simple 2:1 RR 80 pip auto limit on a 40 pip s/l takes care of money management for me while ...

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Google is your friend.

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There have been some excellent contributions to this thread even without BRV.

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Are you suggesting longs if the daily closes above 50% fib and the support? Or just closing above yesterdays low?

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A safe 80 matey. I was looking for it to go as far as 6847 resistance but the close below 38.2 fib was enough confirmation for me.

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Thanks seattle. That's useful info.

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Feel free to criticise.

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Levels — It's been a few days since I added anything useful so here's some levels I am keeping an eye on: - AUDJPY S +6149 L -5838 AUSUSD S +6851 L -6560 EURGBP S +9251-9300 L -8900+8850 EURJPY S +12170-12262 L -11700+11645 EURUSD S ...

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It's next on my list.

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Not sure about MT4 but on PRT you can do this by drawing a horizontal TL.

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EurCad — Not seen a 1h centipede pattern before is that a likely break out?

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Timezones — As I'm in the UK I naturally use GMT for my charts and tend to bias my analysis to 1H charts as that way I know everyone can see what I can. Occassionally I will look at the close one hour after GMT 4H as this would reflect EST 4H. ...

james16 Chart Thread

Yes that's good money management but I am restricted by minimum lot size. So there are certain pairs I cannot trade until my account grows.

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It's an 8 pip spread for me.

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If we get 5cm here no one gets home - pathetic!

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A bit cold in Toronto today?

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Yes I have an alert at that level. However it looks like it has already made 30 pips from the 38.2 fib level at 6812 Edited to add: Your questions aren't retarded. They are perfectly normal.

No Brainer Trades