I went long on this last night with a stop under the day's low. As you will see it did not hold up. There is a definite down trend on this pair now. The fundamentals are starting to show this with recent comments from the RBNZ in their rate setting ...

No Brainer Trades

Well, there goes that S/R for the moment. My call was based on tops showing for the last 3 days on the hourly chart, and the more immediate tops showing on the 15 minute chart. I set a tight stop and went to bed - it cost me 12 pips. There are still ...

No Brainer Trades

Usd Jpy — People I have a multi-top on UsdJpy right now. I just went short, let's see.....

No Brainer Trades

Sobering advice, and a great truth. I prefer to believe that 15% annually is rather understating the case. However there is no getting away from the fact that if you are trading only your own money you definitely need a good-sized capital stake.

Advice Only. 1 Liners Concise.

Here is a cynical, and possibly quite accurate assessment; but I have to 'fess-up - it is a guess. Halifax / Bank of Scotland (HBoS) is launching a rights-issue (raising capital from existing shareholders by issuing new shares) to underpin its ...

Halifax House Price Index m/m

Hey this is a bit sudden! If you are looking at any kind of price behaviour it requires looking back a few bars to see what is going on. Since Marsh was/is looking at 4hr charts then a couple of days is an absolute minimum for determining any local ...

Soultrader's Clinic :)

Still the best thread on the forum — I think you put that exceptionally well. It took a while for me to realize that I was suffering from the 'need to trade now', and it comes in part from having some early success when you still don't really ...

Soultrader's Clinic :)

Hiya, and a happy Christmas to you too. Indicators are useful tools to have under your belt. There are so many that I suggest you read about some of them. If you look carefully at ST's clinic he admits to using them occasionaly for supporting the ...

Question to Soultrader

Actually, that is a very good way of putting it!

Question to Soultrader

Actually the question you asked is better answered here:- url But if the link doesn't work follow MrGreen's link and then enter "triangle" into the search box and read all the hits.

Lower highs and Higher Lows

Hi, if you read through his clinic thread he does answer your question, but it is a few pages in so will take you a time to find it. It is concerning his own approach of trading trends, namely up-trends are confirmed when you can see the strength so ...

Question to Soultrader

This is a good one. Gentle lowering of rates will encourage the stock market, but only until the next round of poor results and target-lowering trading statements. Depending upon who is buying into American stocks it could send the dollar up. It is ...

Bernanke Speech 11/29/07

I did read all the posts above before this answer. When I have resorted to hedging it is really down to then having 2 trades you 'don't know what to do with'. Except when I was stuck in a losing GbpJpy position back in July/August, unfortunately my ...

Hedge a losing position?

Hi, and sorry to be so long in getting back. I do a day job and I don't use my trading machine, or any other machine on which I wish to preserve the data integrity, for browsing any forums. So thanks to PeterM for responding. I opened short on ...

EUR/AUD reversal?

.... Enron .... WorldCom Automakers have been propping themselves up on their leasing and finance deals for well over a year now. Ford is dumping its (loss making?) prestige brands to raise cash. I wonder which will be the first to wreck.... Hey, we ...

Subprime Worries

The more I read, the more an air of disbelief is setting in. Did these people really think that it was a one-way street? The smart guys are already out, and have been out for more than a year. When I bought a house for rental, after two years the ...

Subprime Worries

I noticed that Eur/Aud is a good hedge against Eur/Jpy. So watch those Yen crosses for a turn on Eur/Aud.

EUR/AUD reversal?

Ok, there are some backing a short to ~101. Certainly the BoJ might not like the Yen to be too strong, but there are a couple of things working against them. 1) China is swapping USD for Yen. That is a shed-load of dollars that the BoJ will have to ...

End of Carry Trade

yeah, ...but if he was a real man he would have had it black.

How I Turned 1k To 100k In A Wk!!!

...but things can change at any time, why assume that it will carry on as before. IMHO the longer something has been in place the more likely it is to change before some other things.

End of Carry Trade