Big boy move underway. 38.2% retrace of Thursday bought super aggressively. Looks a weekly bullish engulfing candle is in the making.

USD/JPY Discussion

When looking at monthly candles you'll see many descending and ascending wicks. Price has been coiling for a strong breakout. Bears had their chance this week and couldn't do it, next week bulls will have their turn (and I'm guessing they will come ...

USD/JPY Discussion

Hello Millipede'ers! Been a while since I last dropped into the thread that taught me how to trade. Last time I posted here I was talking about how I found stocks to be much easier to trade using this method. I haven't taken a FX trade in a 3-4 ...

Building an equity millipede

Getting all excited about long U/J for the first time in a couple months. Poised to be higher by the end of September.

USD/JPY Discussion

Gold still in a downtrend. Watch for $GLD to close under 129. Should that happen, gap down tomorrow and further selloff is likely.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You don't have to predict, just follow.

USD/JPY Discussion

Don't you mean "you cray." All the cool kids are saying it. url

Cable Update (GBPUSD)

Be very, very careful. Monthly/weekly/daily/4HR all pointing up. Could just blow right through there without any time for shorts to react.

Cable Update (GBPUSD)

Don't call it luck. Sitting tight and not taking profits is one of the hardest things for traders to do. April's 38.2% Fib and 97 are 11 pips apart and that is right where we retested Monday's low and made a slightly higher low. Will be clearer at ...

USD/JPY Discussion

I couldn't make a prediction for next week until I see where we close this week, but anything is possible I suppose. This pair proved me wrong big time when I was shorting under 1.5 and made a nice monthly pinbar. Then was followed up by a nice ...

Cable Update (GBPUSD)

Right now looks like a safe time to be buying. 10-15 pip stop can be used and we should be higher in 4 hours.

Cable Update (GBPUSD)

video Ready or not.

Cable Update (GBPUSD)

You bring up some good points on the taxes, liquidity, and data fees. I personally am not concerning myself with what the earnings reports say, only when they are actually released. I used to think that a 24 market is better as well because I was ...

Building an equity millipede

Any millipede cronies trading stocks? Honestly finding equities a lot easier compared to FX because of the vast amount of stocks out there. I'm able to be much more selective and consistent with the type of setups I'm trading.

Building an equity millipede

I'd like to buy at 98.25 -- last week's open price and the 38.2% retrace of last week's range.

USD/JPY Discussion

Still possible we reach there in the future, but tomorrow not likely. Daily candles are slowing down and we've now had 2 closes below Tuesday's high. I lost some money trying to buy today because the price action is just so damn choppy. Anything can ...

USD/JPY Discussion

Theory may be correct...but I'd rather follow the price action, P.Action. Yen pairs trending strongly and the easiest way to trade is by trading the strongest trending pair.

EURUSD

If you aren't watching U/J, E/J, etc right now...you're doing it wrong.

EURUSD

Buyers did a nice job today retracing over most of Monday's move and closing the daily candle green. Anticipating a retrace down to 97 where I'll be a buyer. Wouldn't want to see it drop below 96.70 -- the 61.8% Fib of Tuesday.

USD/JPY Discussion

Time for another wave down?

USD/JPY Discussion