With a trade like this - it only takes one or two of them to clean up........not a bad one to consider truth be known.

Silent Service Method

It's amazing that it really is that simple.

Silent Service Method

I don't know Shahab8b's stuff, but I can tell you personally that MyPipBull is the man, and a good trader......I would listen to him. However, if Jay says the other guy is good - then hes good.

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Longer-term yes......but it can be applied towards whatever suits your needs. For example, I tend to have trades on average that last about 5 days or so. However, I also have shorter ones and ones that run months. (rare though.) I am sure that made ...

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I was out and about during the day, didn't even bother looking at the charts until I got home about 3 pm EST........I've all but given up on NFP Fridays.

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Yes - 1.05 is an obvious spot for me simply because it is a "500 pip" line......there is almost always a reaction on these in major pairs.

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USD/JPY has had a nice run up to the NFP announcement......I moved stops way up in order to protect profits. I think the AUD/USD pair sitting on the 1.04 support level could be the play for the short-term players.

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I bet that running back feels like he ran off of it. Ouch.

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Being an Ohio State fan, I could watch this video forever. Also, gotta love the name Jadeveon Clowney. video

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It is because there isn't concern of a recession in the USA now with the "fiscal cliff" deal struck. However, as you said - trading the charts is the best way to tackle the issue. After all - it doesn't matter why a pair is moving, only that it is.

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Deal is reached int he Senate. Now we have to see if the House can sign it into law. Let's assume that they do - expect a "risk on" rally for a short time. However, there are other issues out there now...... Debt ceiling talks anyone? Ugh.

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One of the few "safer" currencies is the Yen. So in this case, the USD/JPY falls. Look at the financial meltdown a couple of years ago, and you will see what I mean.

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It is because it shows follow through. In other words, if there is a reversal of the price action, the fact that we continue means that we are starting to pick up momentum in that direction.

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Its very possible that a failure to see the fiscal cliff talks work out over the weekend could be the catalyst for that pullback you are looking for. I know that the USD/JPY pair didn't close well today.......however, I still think people will be ...

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I think the Yen is going to continue to weaken. It isn't often that a central bank is told to print "unlimited" amounts of currency. In fact - I don't know that it has ever happened. Given enough time, I think USD/JPY will hit 90 as it is the target ...

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Merry Christmas to everyone! If you aren't Christian or in a Christian country, just make sure to buy your kids a ton of toys, and to argue with your family members later - its essentially the same idea....

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