That last 4hr candle that just closed is one heck of a hammer. Assault on the newly established high on the horizon?

EURUSD

Hey cesar, you posted the link to forexmaster right? I've been watching the commentary ticker and it said 'We like EUR/USD down near 1.3430's'. What are they trying to say? It said 'EUR/JPY coming in a little heavy'. Again, nice and non descriptive. ...

Cable Update (GBPUSD)

I've got my masters in BS...I went to FU....

Graduates vs non-grads in trading

I wouldn't call it a call per se since I didn't really have entry and exit points outlined clearly. It was just my impression of price direction and if I could have capitalized on it more I would have been happy. This ranging is way too messy for me ...

Cable Update (GBPUSD)

Well my thinking of 1.98ish before NY open was pretty good even if the market was a few hours late in bringing that. The test of the highs was rebuffed pretty resolutely and after middling around in the mid to upper 97s for awhile I wouldn't be ...

Cable Update (GBPUSD)

I've seen some really violent moves short after EJ has crept up on highs so many times over the years. It could bounce for days...look at what happened 7 weeks ago. I like hoping on that falling rock when I can. Hehehehhee

Daily EUR/JPY analysis

I snagged some on that dip, too. I use a bunch of MAs and one indicator below(slow stoch) but mostly TLs give me my cues. All that other stuff is just confirmation of trend and potential stumbling blocks to targets or sometimes targets. I don't do ...

Cable Update (GBPUSD)

Bounced off that hard north charging 14sma on the 4hr chart. Scalped myself another 15 pips. I wasn't sure if it was just messy ranging so I didn't want to hold that long too long until this sorts itself out. I've got conflicting signals although ...

Cable Update (GBPUSD)

It looks like the cable is staying below the 8sma on the 4hr chart after it broke that sma last 4hr candle. The longer it stays below that sma the better it looks for shorts. The 4hr chart 5sma gave it's first indication of downturn by...yes, ...

Cable Update (GBPUSD)

I could never have a managed account....if anyone is going to lose my money, it's me! Although I've been studying forex market for 5 years now but it was two years of demo before I even starting trading live. So I gave myself alot of learning time ...

Cable Update (GBPUSD)

Ok, sorry. Although I will caution that the weekly chart isn't still completely overbought yet and still engaged in a very bullish pattern. The daily chart gave back much of it's overbought look and now sits short/neutral with potential bull cross ...

Cable Update (GBPUSD)

Yea...what he said....

Cable Update (GBPUSD)

So I guess you're holding some shorts....hopefully you don't lose your shorts on a mad dash for 2.00....

Cable Update (GBPUSD)

I wouldn't. This drop is likely a minor one on emotional reaction to some words and it probably will pop back up to the range it had been holding all morning. I don't feel confident enough for continued drop and have it stay down to try and short ...

Cable Update (GBPUSD)

Helloooooooooooooooo fellow forex fiends....I mean friends.....hmmm...well, maybe I was right the first time. I haven't posted in awhile but good to see some of the same faces are here and some new ones, too. Started reading again yesterday, the ...

Cable Update (GBPUSD)

After yesterday's frustration I set out to find a new something, anything to help identify the breaking point of eur/jpy. Almost two years ago I use to employ a method on this pair that anytime it pierced the bolband on the 4hr chart and even pretty ...

Majors Thread: EUR, USD, GBP, JPY

AAARRRRRRRGGGGGGGGGGG! I had just got a position long on eur/jpy from 140.68 on this move down but let it go for a 3pip gain cuz I thought it was retesting and breaking the TL...now it looks like I just gave up prime positioning....dratness....It ...

Majors Thread: EUR, USD, GBP, JPY

I've returned because I Had intended to add other ideas that were forgotten by me. One on TA. Almost every single indicator, save for volatility and volume ones, are based just on the same 4 things. Open, close, high, low. No matter how many ...

System design and some tough thoughts on trading FX...

Bemac.....omg that's funny.

How do you trade news?

I did a little chart thingy this weekend using the free charting package at fxcm. It's really pathetic compared to what we most like to use but it illustrates how with trendlines you can use even the most primitive charting and still get results. ...

Majors Thread: EUR, USD, GBP, JPY