BE stops — Since I am long, this can only be considered a counter trend trade. At this stage I do not know if the potential double bottom will turn into a full blown reversal. For that reason I will move to BE at the earliest possible stage ...

Daily Chart Trading Discussion

Thanks Highlander. Such a low risk trade with a pullback entry. No guarantee it would get filled though. Now that it has, and the fact I can not lose, its a watch and wait. 1st problem area above is double day lows at 88.00.

Daily Chart Trading Discussion

USD/JPY — Buy entry filled overnight Thursday. Stop now at break even. +55 so far. Open target.

Daily Chart Trading Discussion

HI Tradpat, U still holding Euro/USD long? Eyeing USD/JPY. Possible higher swing low. Would have liked to see a positive close PB. May get a retrace on the pin if a base is in place. Time will tell.

Daily Chart Trading Discussion

AUD/USD — My current trade. Long @ 0.8850. Stop @ 0.8775. Target 0.9100 Any retest of the breakout level that fails I will consider an add on opportunity.

Daily Chart Trading Discussion

gbp/jpy — Play the range or leave it alone til it breaks out.

Daily Chart Trading Discussion

Aud/USD — Just my opinion.

AUD/USD

Euro/USD — Fibonacci combined with price symmetry. In this case 3 equal wave lengths into a retracement level. Obvious place to get out. A key point of interest. Will it get there? I have no idea. Like all technical analysis, success is not ...

Daily Chart Trading Discussion

Euro/USD — Long same as you. Some profit secured. At B/E on the 2nd half. Looking for 1.31 as a target on rest. Completion of 3 drives pattern into a 38.2 retrace. Just my thoughts.

Daily Chart Trading Discussion

Looking a bit higher up to exit.

EURUSD

Just 3. If you know where price is in the sequence then you know when to buy the dips or sell the rallies. 4hour USD/CHF in progress.

Age old debate. What is your definition of a trend?

Not my definition, but those of a pro trader who had his own thread on FF. Swing high :- A bar preceded and succeeded by lower highs. Swing low :- A bar preceded and succeeded by higher lows. Trend change to bullish :- LL - LH - HL - HH Buy at next ...

Age old debate. What is your definition of a trend?

My humble offering. Never in at the top ( or bottom ) due to the my strict requirements.

Smexy Trades

5pm New York. Its when US banks complete business for the day.

What time to use as END OF DAY for calculating pivot points?

Same as you. In UK and with FXDD Malta. Nothing at all so my account tells me.

UK Taxes and Forex

Aha — Finding where true support and resistance could be found.

AHA moments in your trading career

USD/CHF — A simple ABC correction now completed or a change in 4H trend bias? Time will tell.

Nearly Naked (Simple Trades)

To answer the question — Take the numbers from the sequence of fibonacci numbers. 34, 55, 89, 144, 233, 377, 610, 987 Divide 34 by 55, 55 by 89, 89 by 144, 144 by 233, 233 by 377 and so on. This makes 61.8 the most significant of the ...

Why 61.8%?

Sitting on my hands. I want to see what happens when/if price reaches the area highlighted.

EUR/JPY Anytime!

I was looking at this possible inverted H&S with an entry on a retest of the neckline. Looks like it may have failed.

EUR/JPY Anytime!