AUD Hourly SFP — Caught this one earlier and have come back to it. I worked out very nicely. I have taken some profit at 40 pips from a 17 pip risk and will be looking to see how it reacts around the 1.0045/50 candle low area to see if it is ...

Fail Better

Depends on your scope. A retracement on a weekly chart would quite easily be distinguished as a long trend on a 1 hour chart or lower. Not sure on what the point is as there is potential to make money on both and just saying your trading with the ...

How do you distinguish a retracement from a trend reversal?

News comes out in an hour, could be that. It could be an oversold period and profit taking for shorts is coming in. It could just be the usual, weak USD or a combination of all the above. Zones don't always hold, especially if recently they were ...

Fail Better

SFP interpretation — To explain, the SFP is when a candle breaks a previous High or Low area but then closes inside it. I have attached a paint image with my interpretation. It is not the best of circumstances but should highlight what a SFP ...

Fail Better

From the statements I have seen recently he still weilds a decent size bat, $10k for an average 100 pip move is great by all accounts for a solo trader. I for one would love to be able to do that consistently. Perhaps the reason there isn't the 2 ...

My GBPJPY trade journal

Swiss were no different. They went from intervention to new lows then back to intervention only to find new lows. They eventually had the enough is enough and have forced the cap. What are your thoughts now of the swiss and there past monetary ...

USD/JPY Discussion

The bluff may not be working but then again it did to a degree. The Yen spiked higher. The CHF was the same although there backing has been more firm. There was rumours of a cap to 1.2500 EUR/CHF and look where it is now, long positions are pushing ...

USD/JPY Discussion

77.45/50 is the tough nut to crack, 3 attempts and each found heavy resistance. 76.60/65 looks to be the marble flooring proving just as difficult to push through. Could this be the new range? Lower wicks are longer in comparison and edging higher ...

USD/JPY Discussion

Some awesome charts as of late, this one looks to be ready to break the horizontal barrier with the consistant new high lows occuring (spider setup I think you call it here). Luck my friend only exists in the mind of the gambler here and your charts ...

Fail Better

It would not be an unlikely occurance. CHF is capped and being controlled to minimise damage, Yuan is heavily controlled and essentially capped and now the Yen could face the same. All are export countries that rely on the potential to get goods out ...

USD/JPY Discussion

BBBOOOOO YEAH There she blows

USD/JPY Discussion

Just do a search for the title. Amazon appears to have a few copies and there is also the PDF version available online. RT

Fail Better

If I am remember correctly the Swiss news was pretty surprising when they implement there lower limits not long ago. The price moves in the first 5-10 secs were explosive by nature, the spreads over 10 pips. What hope did a range bound player have ...

USD/JPY Discussion

That too me is the bigger reason to look long rather than short. CHF has removed itself as a haven with tough measures to ensure it doesn't appreciate and now the Yen, if it gets any stronger will more than likely intervene. We are at the same ...

USD/JPY Discussion

I got the same bar on my Oanda feed but nothing even close on my GFT feed, interesting

Building an equity millipede

time for ZZZZs — 2.00am here in Perth and have been hitting the refresh button for an hour. Hope everything with Tom is ok, its unusual for him to be late. Perhaps next week I will get a chance to view. Good luck all and take care. RT

Fail Better

I cannot comprehend the number as a loss, $500,000 is 2 x my mortgage but risk related if it represented a 1-2% risk then taking may not be that difficult. Im not a hedger by any means and it is not something I have ever consider, quite possibly ...

zero number game zeroing me out!

Well said and fair enough. Each to their own devices. If I am trading a timeframe of anything less than 4 hourly it is because I am looking at a point where I think the market will turn, therefore my position is not neccesarily overleverage or over ...

zero number game zeroing me out!