The Way To Trade — The 1min trading was an experiment that I will not continue with. The way to trade is from divergence to divergence on the 5min using lines, levels, and bands for confirmation. See attached charts. The 1min is good for ...

Islander and Medici trade the European open

Mine too, definitely! I wonder if Sim is a bit of a fetishist in this area?

Islander and Medici trade the European open

LOL I thought I should keep up the skipper's tradition of posting 1min charts. I even traded off of them today! Here are my trades today so far. Missed tha cable fall, which came as a surprise. Now down below long-term trend-line but still above ...

Islander and Medici trade the European open

What is that? A bra size?

Islander and Medici trade the European open

GM - interesting action overnight that supports the hypothesis of a bounce. All three pairs at resistance now, however, and Aussie below last week's low. It seems like cable could have the largest upside potential. SPX resting above last week's low ...

Islander and Medici trade the European open

Euro daily chart — CI is extremely oversold on the daily - it hasn't been lower since October 08 - so the support level mentioned by Islander or the 50% level of the 1.2151-3334 range at 1.2143 could provide the basis for a retracement early ...

Islander and Medici trade the European open

Aussie — Have a wonderful cruise, Islander. You will be missed this week. Here's a couple of charts on the Aussie. It completed a head and shoulder pattern Friday, and more downside seems to be on the cards. The key area 8850-70 is nearby and ...

Islander and Medici trade the European open

Would you mind providing a bit more detail on this?

Price failure trading

Let test my understanding with Aussie as well. No trade because of trend-line break before price failure?

Price failure trading

Thank you, inkuumba, for your response. If I understand your method correctly, you would have traded the Euro Friday morning as indicated in the attached chart.But what would you have made of Cable for the same morning? No trade?

Price failure trading

Glad you like it! Good question. If the BB is close to flat or if price is hitting a 'level' (in the chart posted by you 1.2934 was the daily high 22 July) then I would enter at that peak/level, if not then better safe than sorry and wait for price ...

Islander and Medici trade the European open

This is a pdf of the most recent Goldman-Sachs' weekly fx strategy brief. Highly interesting reading!

Islander and Medici trade the European open

It's great isn't it! And it seems like God's own investment bankers are drawing the same conclusions from the same charts, and they usually get it right: url

Islander and Medici trade the European open

Just discovered this: url Apparently the investment bank doing God's work is looking at the same charts as posted here recently, and they believe in a significant drop too. Judging by their financial performance, they're seldom wrong...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Very good question posed by mindreality, and essential to understanding what you see on the charts. While the information referenced here is good and relevant, it is perhaps not specific enough to turn into an answer to the question "How can my ...

How does forex price move?

Good question. It's about the slope of the band as well as the slope of the MA. The BBs act as momentum indicators in the sense that they will start to flatten before the slope of the MA flattens. So my answer to your question would be that it's ...

Jankone M5 thread

Interesting thread. Thought I should post a couple of charts that may be relevant. Compare in particular the encircled area to the action of the past ten months or so. No, I won't make any predictions, but let each and everyone make up their own ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Do you believe institutional dealers have Bollinger bands on their charts?

Islander and Medici trade the European open

Thank you! I did post this in Islander's and my thread... Some concluding remarks on this little exchange following Divergence's post: Just like so many others I have gone through the journey of stripping my charts from all indicators down to ...

Jankone M5 thread

Weekly CI analysis of Euro and Cable — I won't bother with posting charts, as it is easy to check for yourselves, but the weekly says that there's is plenty of room for further down-side, whereas the daily and 4 hour say that it's time for a ...

Islander and Medici trade the European open