Banks and institutions are in a different game: as market-makers they form the trends, where the real money moves between, say, USD and EUR due to international trade and corporate investments. It cannot happen in one go, and is distributed over ...

I Finally Figured it Out!

You shouldn't apply biased political ideology to analyzing markets and especially to trading. Political emotions cloud the judgement and prevent you from seeing trends, levels, and targets. If you look at the monthly candles and multi-year trends, ...

EURUSD

What he said! ;-) @cheersdup, I am not going long right now - there is still some dollar strength left (we haven't even reached the trendline and the 61.8% fibo), and the reversal won't be instantaneous. The reversal might take all the way to ...

AUD/USD

A look at the big picture is better than a thousand words. Within a few months we should have a sweet ride north.

AUD/USD

Fake pin bars aren't relevant here - the conditions for the pin bar have been met - including the tail sticking out to a new high from the bullish correction trend.

EURUSD

The sharp bullish correction in EUR/USD might have come to an end - the daily chart shows a bearish pin bar (a.k.a. rejection candle). Not the strongest or the most beautiful pin bar - candle body isn't too small, but the minimum conditions are met. ...

EURUSD

Shorting opportunities for GBP/USD: Small volume - starting now (daily PP, 1.5613) More confident volume - @ 1.5638 (weekly PP) Very confident volume - @ 1.5660/1.5670 Stop - 1.5715 Target - 1.545x-1.546x Expected holding time - within the current ...

Cable Update (GBPUSD)

Has the Swiss Central Bank intervened in wrong pairs? Or exactly the right ones from their point of view

Cable Update (GBPUSD)

@Goldflake, EUR/GBP might stop its ascend and go down on tomorrow GDP and at the weekly pivot of 0.7963 I have a short order at 0.7963, stop loss 10 pips above, target 0.7915

EURUSD

EUR-USD, 4-hr chart: I see formation of a flag since November 6. It may be bearish continuation pennant or a turnaround for a correction within the daily bearish trend. On the EU GDP numbers I expect the flag to be broken decisively. If GDP results ...

EURUSD

I consider my target achieved, shorts closed within 5 pips of the daily S1. Further down move isn't guaranteed, and I don't see signals for a turnaround.

Cable Update (GBPUSD)

I wouldn't say it is oversold at all - it falls nicely in a long-term trend (8-hr chart scale). The bottom trend line should provide support. We had been held at the weekly S1 pivot (1.5759) - that's why the temporary delay. I call for the daily S1 ...

Cable Update (GBPUSD)

1.5794, to be precise. This is weekly S2.

Cable Update (GBPUSD)

This does not sound right. If you enter a trade and set a stop-loss (1.5930), there must be a reason according to your strategy for both choices: the entry, and the stop-loss. Not just 40 pips lower, but a level that cancels your initial forecast. ...

Cable Update (GBPUSD)

Earlier GBP/USD broke through the side channel, 1.5950 support and plunged all the way to the weekly S1, made a beautiful turnaround and retested the daily central pivot. That was a great shorting opportunity. My stop loss is at 1.6042, take-profit ...

Cable Update (GBPUSD)

The new daily pivot sits at 1.2782. The price might not necessarily visit such a depth (would love to have that buying opportunity). The likely destination before the trend north continues is mid-point between the daily PP (1.2782) and the day's ...

EURUSD

@Kgp, I have a moderately bullish view at this moment. Moderately meaning slow trend upwards towards 1.2910 Next day's central pivot point will sit at the infamous 1.277x area! It definitely warrants a revisit there, at least half the way from new ...

EURUSD