yupp agree, GU also near top of range, EG might bounce up from .8600 /tends to bounce at double zeros, and it can push the pound down a lot/ (edit: EG h4 looks pretty much like a bucket - if it bounces up then the sterling will be pounded big time/ ...

No Brainer Trades

If gold does not break below last lows, I'm considering a bounce long on EU 1.4145. See spikes, visible on H4 too. Small stop, max. 30 pips

No Brainer Trades

Sorry wasn't talking about you, just was a general thought on the impact & importance of news. Btw I am a beginner, compared to the great traders here.

No Brainer Trades

Interesting that many beginners think it's the news that moves prices up and down. Speculating that if the GDP is good, investors will want to buy, they're gonna need USD to pay for stocks, and if everyone needs USD, it will be more valuable than ...

No Brainer Trades

I agree, have a limit sell at 60. The spike you marked was a nice bucket trade couple weeks ago. Better visible on the hourly.

No Brainer Trades

hm, nice ideas. I noticed GC moves the opposite as EURGBP recently. Also noticed EG may suddenly reverse at double zeroes. This means sudden reversal for GC too. Maybe can be used to filter out some bad trades.

Bollinger barbeque

don't laugh, but if I consider trading a job, then I'd choose a place that overlaps daytime with the London session. So it could be east from Ireland, ending with Japan or Sydney. No Americas since I don't want to get up early...

Best place in the world to trade from?

FrinkFX, I hope you're right. I have some shorts because I had the same dream. Ok the 2nd part was just a joke. Be careful with your trading by the way.

EUR/USD going to fall BIG

My friends, Regarding gambling - Trading is what you think of it. For some, it is gambling. For some, it's more about luck than it is about knowledge. For some, it is a source of thrill and excitement. For some it is just a source of ...

Lessons by Joe Ross

Not an everyday practice but I also had a bigger position built up with smaller trades. There was a single SL and TP set for all trades - and yes there was a trade that had SL and TP on the same side, closed in loss, but the whole position was ...

EURUSD

I think UJ has great influence on the direction of other yen pairs and there are some coinciding h4 highs/lows around 97.2x - 97.3x so I think looking for shorts is a good idea, on EJ it would be 136.60 - 136.86

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I'd rather wait for long at 135. That level has bigger history imo. Yen pairs can swing 100 pips in no time (any other can, by the way)

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uh-oh, someone unloaded a pocketful of quid. I mean that king-kong red candle on cable (and GJ too) well forex is not for little pussies who scream .. if you can't stand the heat, get off my street, get off my street... video

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Friends, couple days ago I mentioned the waiter's hand was imo a bullish sign.. It was back around 1.46 or so Now I believe here's the same thing, and more than that, cable was bought back twice above the former resistance (white line)

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Tony, nice thread. Btw, someone told me Oanda told him, if he has a lot of positions that don't last at least five minutes, he will be considered a scalper. Just FYI. But I guess as long as you don't play 15 full lots for 1.5 pips profit, they don't ...

5 Seconds " L "

Friends, the formation marked with circles, is in my opinion a bullish sign, which reminds me a waiter's hand. I think it's reliable on a hourly, so I don't think I'll short the pound in the near future, not even at 1.5.

No Brainer Trades

a very good, visual way is to look for "stacks of bricks" url As long as you see that price finds support on previous resistance levels, the uptrend is healthy. IMO.

Trend Definition...

I was also influenced by the daily chart - long lower shadows, and I believe cable is in uptrend, couple of days ago has taken out former highs on the daily too. Also you could draw a diagonal trendline on the daily Anyways we'll se how it works ...

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I bought some cable at the green line - reason: has taken out the top at the red line (close above), then came back and hopefully the former resistance (green) will be support we'll see.

No Brainer Trades