It's a fairly news free day so we'll see some genuine clear direction so long as the volumes hold up.

No Brainer Trades

Could have been a short after all. Hourly ranges on USDCAD are wide which is not good for your stops. AUDUSD has weekly s/r, fib 38.2 and a psychological barrier at around 6800. Nice to have you aboard the NBT thread (again?) Sherm

No Brainer Trades

Absolutely. There's pairs I trade, those I just monitor day to day but might trade and a few other potentials I need to get to know the characteristics of a pair before I trade.

No Brainer Trades

It's not a pair I monitor.

No Brainer Trades

A good save. Can I share your coffee?

No Brainer Trades

I would expect a breach of this level with a bounce from 5767 which coincides with a Fib 38.2.

No Brainer Trades

It's NFP day, throw away your rule book!

No Brainer Trades

I would like it to go down to 9020-9000 before looking for longs as there is a convergence of 4hr support, 61.8 Fib and daily TL. We'll have to look at PA there.

No Brainer Trades

I have been keeping an eye on that one but the ranges and my brokers spreads mean I haven't enough capital to trade this one. At least I'm strict with MM!

No Brainer Trades

Hi Siam My charts agree with all those. Thanks for sharing these and your previous charts, you've got a lonely timezone there in terms of the NBT thread. Keep it up!

No Brainer Trades

Hi steelhead I don't see any solid closes 4hr or 1hr. Are these long wicks indicative for you instead?

steelhead trade journal

Good job smittens. Work will be much more enjoyable for you today with that in the bag.

No Brainer Trades

I'm not considering anything until 6272.

No Brainer Trades

EurGbp — Not a pair I usually trade but this looked interesting. Long from 8997 following a solid 4hr candle close and a nice little reversal clue. Target is a restrained 9075 jus under support. GBP has been overbought the last couple of days ...

No Brainer Trades

Thanks for the confirmation, knowing I'm on the right track is a confidence boost.

steelhead trade journal

I agree with the bounce off my 9244 support but I cannot see any of your trademark solid candles on my chart. Is this purely a s/r move hence the small buy? (Bear in mind my UK timezone and broker.)

steelhead trade journal

USDCHF — Seems it was a classic reversal running to around 300 pips so far, shame I was stopped out. It's all about the entry. Someone tell me they got in this one. I will be looking for a long 10810-10706. Comments welcome.

No Brainer Trades

If the current 4hr candle closes near the lows of the others quite solidly it could mean a move up. It is difficult to predict where the expected interest rate cut will start being priced in.

No Brainer Trades

I am hoping most of the regulars in this thread are still off on a break hence the tumbleweed. When you do get active again and read this, please make a quick post here just to restore this threads momentum.

No Brainer Trades

According to my monthly average, (21sma on the daily) no. It closed well above that yesterday.

Cable Update (GBPUSD)