Totally agree that technicals were in the driving seat, the Eur hit my support at 12548 to the pip. But I think the UK news gave it a smack on the ass!

No Brainer Trades

UK House Price Index was -2% vs. expected -1% and as Cable took a dive the EUR came down in sympathy.

No Brainer Trades

Bounce from 12190 currently fo 30 pips.

No Brainer Trades

I'm glad I am making sense to someone, your points are very relevant too. I think this thread can get quiet because people are frightened of making a fool of themselves and/or stating the obvious. The obvious is what this strategy is all about and ...

No Brainer Trades

That was my first thought but many of the recent breakouts have been more difficult to enter than retracements. A high SL and low target reduces the risk/reward. Maximum pips here are 80 so a sensible SL would be 40, but I see it has just broken ...

No Brainer Trades

One to think about — If AUDJPY breaks through 6065 we could see a retracement from 6149 which is both a 4h s/r 61.8 Fib and intersection of a 4h TL.

No Brainer Trades

Cable — Cable could have buy orders building up the other side of 14783 for a push north later but maybe only as far as 14857

No Brainer Trades

Got a taste for the Looney since last week cliff?

No Brainer Trades

Yes, superb call at 12562 smittens. I only use calls like this to back up my own analysis - trade what you see not what you hear. This thread would be much more useful if everyone returned to BRV's idea of posting significant levels before they were ...

No Brainer Trades

Are you refering to this. If so then yes I would call that a possible bucket as it has had 12 hours to build up orders. However those 12 hours have been in the asian session and the DX lacked the strength yesterday to make any significant gains on ...

No Brainer Trades

Most timeframes show the usdjpy a little oversold so there could be a small correction if and when it does go further south. 9307 has held twice on the 1h chart so far, the recent fall could have been in respponse to Bernanke confirming more IR cuts. ...

No Brainer Trades

Hard to say as there isn't much recent price action in this area to guide us. I only have 2 s/r lines 9263 and 9090 obviously the latter being the most significant. BRV also noted today that if this pair broke through 9355 concerted selling could ...

No Brainer Trades

Totally agree on it's failure to get a run on EUR AUS CHF. How does the DX look?

No Brainer Trades

USDCHF — Possible retrace from 12044 intersection with 4h TL? Or breakout south?

No Brainer Trades

Gold — Classic build up of sell orders on Gold over the last few days. Just proves the s/r principles yet again.

No Brainer Trades

USDCAD — A profitable pair last week this set up could be interesting as the recent highs have broken the s/r at 12466 but not bettered the high of 12482. There is a reasonable gap to the next major 4h s/r at 12661 which is backed up by a 61.8 ...

No Brainer Trades

I think you have your itunes visualiser open by mistake.

No Brainer Trades

Generally the week before Christmas and the first week of new year is quieter. However last year IIRC there were some big moves late Dec and early Jan. There are bound to be readjustments made in Dec it's just a question of when they occur realtive ...

No Brainer Trades

Hi Tori I've got pretty much the same s/r except 1.3157, what timeframe is that in? The attached chart also shows a potential pennant (wedge) and the fact that the Eur is oversold on the RSI. Coupled with the shortlived strength in USD 30 mins ago ...

No Brainer Trades

The charts people are posting up here are very useful as they are confirming a lot of the s/r work I have already done, which can only add confidence to my trades. Thanks again TS.

No Brainer Trades