Moonchild's correct. Also notice the .38 fib retracement which stopped the pair from going up at 233.49. Overall, the action is slow right now, perhaps something will move in the london session. Right now we're stuck between the .38 fib and the ...

Daily GBP/JPY analysis

On a day like this you have to be very careful, especially with this pair. Also notice the resistance at 232.99. It might hold and the pair will go down again or it might break and we'll see some upward movement. I'm not entering at all right now. ...

Daily GBP/JPY analysis

Well, my view could be entirely wrong, and instead, now would be a perfect long entry on this pullback. Therefore nothing is certain right now.

Aussie Pairs

Here's a daily chart, showing a double top with a lower close on yesterday's candle, also there is a significant resistance at .7920-40 level. However today's candle is becoming a doji so we might see a retracement to the upside before heading lower ...

Aussie Pairs

In your opinion, wouldnt the hanging man/ doji be a bearish sign though?

Daily Cable Analysis

Awesome idea Accrete!

London Calling . . . Various strategies focusing on London Open

Actually this is not a true pin bar, it's more of a hanging man though.

Daily Cable Analysis

eur/jpy chart

Daily GBP/JPY analysis

usd/jpy — Also, looking at eur/jpy and usd/jpy, we can see there is a slightly bullish channel forming, so that might translate into bullish action in gbp/jpy as further confirmation.

Daily GBP/JPY analysis

Looking at the daily chart, a form of a doji is forming, so that indicates that the downward movement might be over for now. To the upside, 233.35 might prove an important resistance, and later the 234.80 swing high. To the downside there is some ...

Daily GBP/JPY analysis

Id advise anyone thinking of trading this pair right now to be very cautious. There's no specified direction at the moment. A good idea is to wait for a break out from the triangle that is forming now. Any thoughts?

Daily GBP/JPY analysis

LOL! Congratulations.. I got in at the break of 236.35 support and got out about 3 hours ago. Youre right, we could still see more selling, however, keep in mind there might be a retracement first. Good job!

Daily GBP/JPY analysis

What does this video have to do with the topic of the thread? It only shows that BBC filmed something that MIGHT happen before it actually did. Thats all.

What had happened to US Dollar on 9/11

The critical level here is 235.35. If we get a sustained break below that, road to 232 is open.

Daily GBP/JPY analysis

If I were you, I'd be careful with "going all in". While you may be right about the direction, there can be swings of hundreds of pips to the upside before the reversal begins. Another thing to consider is the fact that carry trades are still very ...

Daily GBP/JPY analysis

I've gone long right now with half of the position, and will go long with the rest at the .38 fib level if it's reached. Stop loss under the swing high of feb 23, at around 1.5985. Whats are your opinions so far?

Cable Update (GBPUSD)

Im taking a small long position right now. Stop loss below the trendline. It's possible to see a retracement to the trendline before going up. Overall, I think there's enough momentum from the carry trades to take us higher, although in the long ...

Daily GBP/JPY analysis

I do have some materials on trading pivot points, so if you want them just let me know.

Mechanic Trading (better with EA)

Really, its just a standard pivot point, so it doesn't repaint. Using pivots can be useful, im still learning though.

Mechanic Trading (better with EA)

I agree with this, if you look back in time, in each of the three instances, the monthly candle immediately before the unwinding was an evening star or a doji- clear reversal signals. If the current month's candle forms some type of a reversal ...

Are Carry Trades Wrong?