The Aussie is looking like it may see .8750 by tomorrow or the next day. .8800 is a shoe in, in my opinion. Today is going to close bearish and that will easily set tomorrow up for the drop of 50 to 100 pips. Just have to wait for the days close ...

Aussie Pairs

Hi PeterM, I am no expert at all on this, but I have noticed the dow move quite a bit on moves that haven't been very big. For instance, when we hiked up to 241, it moved with it and it moved quite a bit to create an all time high. If it moved that ...

Cable Update (GBPUSD)

I think we will have a good deal of trouble at the 213 level as well. There is support at a much higher level as well; 221. I doubt there will be much trouble at this area however. This is based on my own analysis through dynamic fib levels. If it ...

Cable Update (GBPUSD)

I'm not sure that we will each that low. I could realistically see 219 again though. The reason I doubt it is that it won't have enough momentum built up to get there before the bulls try to intervene. What do you think? Wow, I am an idiot. That was ...

Cable Update (GBPUSD)

Both of the gap trades turned out in profit. The Euro for 15 and the Pound for 20. I'll be posting in the morning and evening tomorrow.

MW's trading journal

I am also placing one on the Gbp/Usd short from 2.0535 to 2.0520 for 15 pips.

MW's trading journal

Not much in light of gaps. I'm placing an order on the Eur/Usd short for 20 pips from 1.4666. The gap was from 1.4646. Hopefully this will close overnight. Other than that, I am not seeing anything in terms of tradability.

MW's trading journal

Hi Fx Amateur. I'm sorry if I sounded braisin earlier. I jsut didn't like the concept of putting other people out. I shouldn't have jumped like that and so I would just like to apologize. I agree with your points now that I understand them ...

How I Turned 1k To 100k In A Wk!!!

Yeah you are right that most to all other pairs don't really gap over the weekend, other than the Gbp/Jpy. Let's see if it does today and we can make some money on it. I've also noticed what you mentioned about it moving down around 3 waves before ...

MW's trading journal

Thanks for that info, moneymagnet. Kinda sucks though, I love playing the gap out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Honestly, I couldn't tell you what will happen this year. The markets change all the time because of the different people within the market. It could be nothing this year, just a normal week. I lost money last year because I still traded with ...

Cable Update (GBPUSD)

I remember it too. Crazy week. I think I lost almost a quarter of an account if I am remembering correctly. Wow, I was dumb haha

Cable Update (GBPUSD)

Hey everybody, I honestly didn't even know about this thread! I am reading through it as soon as I am done posting here. I will post any thoughts that I have dealing with fib levels after I am done and hopefully we can, collectively, have a good ...

Fibonacci GONE WILD

Not at all! Thats great! I hope this week turns out as good as last week. I don't doubt that it will for a second. Good luck to you in your trades.

Adding to losing positions

I honestly don't like your thought process on this. That is shitty to want to dupe people into thinking you can do something great for them, when in reality you can't. I don't know how you could live with yourself knowing that people are going to go ...

How I Turned 1k To 100k In A Wk!!!

I agree with you entirely superdezign. I do this quite often and it plays out to be profitable. If you are capable of understanding where and why price should stall in an area then reverse, then this is a strategy to gain quite a bit more profit ...

Adding to losing positions

As for finding a pattern for it, I haven't really noticed anything of too much importance. Price can be pretty erratic at the start and move a few hundred pips away or only 20-30 pips away and then go back to close it. When it moves a long way away ...

MW's trading journal

Oh, I agree 100 percent! What I meant was that I don't like to be in a position over the weekend because I don't want the gap to go against me. When it does go against me, I would end with a loser because it would hit my stoploss which was already ...

MW's trading journal

It's possible with neither of those things. It's possible with a lot of time to devote to it and practice. I don't believe in luck even though I say it all the time.

How much money can a seasoned semi-pro make with trading on Forex?

This is true. I guess I am glad nothing came up anyways. I'm really not a fan of holding over the weekend. The gap, unless I directly trade it, usually jacks me up because it gets people trading in all kinds of directions that they never would have ...

MW's trading journal