Welcome, gentlemen, to the thread. Yeah, eliteincome, I've had just about every pair out there teach me a lesson at one time or another. I'm just focused on this pair right now, because it seems to have great potential. Its not like I always trade ...

GBPNZD trading calls

Did not say it had nothing to do with fundamentals. Market wouldn't move without news. What I said was to IGNORE the fundamentals (news). It's like a lot of the shitty tools that everybody uses, there's always 50 different ways of interpreting it. ...

USD/JPY Discussion

Wish I actually took this trade. And this is why we ignore fundamentals. What does the actual market say?

USD/JPY Discussion

Now comes the big fall, I reckon.

EUR/GBP - What a great pair to trade!

130 pips for this pair is too small for a stop or a target, imo. I see this pair going up from here. It won't go to 2.1000 in a week, but I don't see it going any lower than where it made its low today. That doesn't mean I have a stop anywhere close ...

GBPNZD trading calls

NZDUSD went a little further than I thought it would, but nothing I didn't rule out. It should be heading down very, very soon if it hasn't already topped. GBPUSD still looks the same to me. Need that fake break lower. This brings us to GBPNZD. It ...

GBPNZD trading calls

Adjusting buy limit back to original order at 1.9800. I am more concerned with missing an entry at/below 1.9800, than I am of getting in 20-30 pips lower. I am going for 1200 pips here, and my stop is over 330 pips, so % wise its not a big deal. ...

GBPNZD trading calls

Was hoping we'd get the fake break today, but apparently market wants to clear the bush. That's basically what is happening here. The market is getting all untested spots out of the way so that nothing will stop it when it returns. That's my ...

GBPNZD trading calls

It should, though I'm giving it even more room. I've learned to give myself a little room for error. Now, if 1.9440 goes, then.......

GBPNZD trading calls

You'll be fine, I believe. Just give this a little room, and for God's sake, let the winner run!!

GBPNZD trading calls

I'm thinking we're about to see a strong sell-off in both GBPUSD and NZDUSD, with GBPUSD being slightly stronger.

GBPNZD trading calls

I'm thinking GBPNZD might go to 1.9750 area, given that GBPUSD still has another 100 pips to fall from here. This is tricky right now, but so far GBPUSD still looks like we'll see another drop before a major bull run. It is possible GBPUSD has ...

GBPNZD trading calls

You're not going to want to hear this, probably think I'm an asshole, but be VERY careful in putting any importance into fibs. Yet another popular "tool" that's worth what you paid for it, which I'm hoping was nothing, hehe. Planetary phases, ...

Cable Update (GBPUSD)

I hear ya, and you are right that most of the time the violent outbursts get tested. In this instance, however, I think it was tested "enough", and when you see a move like this that is THIS strong, many times it does not come back to the outburst.

Cable Update (GBPUSD)

It is not the strongest spot I've ever seen, that's for sure. The clues for me are that: 1) It is an untested spot where a small, but powerful break occurred. 2) Below this spot are a couple other spots where it could also turn, but those look ...

Cable Update (GBPUSD)

It's definitely possible, but I don't think it will go that far. Will be a lot easier to tell when it gets down past 1.6580, but 1.6500 looks unlikely to me.

Cable Update (GBPUSD)

I know you'll have to learn this on your own, but EW is another "tool" that can tossed into the garbage. Good luck, though, man. I don't wish you any bad trades. Just giving my opinion on this as I spent A LOT of time trying to get EW and a variety ...

Cable Update (GBPUSD)

Then you will get faked out, I reckon. Unless you are very quick to take profit... I have a lot of experience drawing lines. Here's a tip, don't draw them.

Cable Update (GBPUSD)

Price just tiptoeing on downstairs. Gonna go flying back upstairs before we get to the bottom (as soon as a stair makes a loud pop).

GBPNZD trading calls

Second warning here, guys. Possible I'm wrong? Of course. This looks very clear to me, though.

Cable Update (GBPUSD)