Hi BWilliam. I ask the question because the breakage from Fed rate increases is starting to develop (e.g., BOJ intervening in the market, then BOE reversing course with more QE, and possibly Credit Swiss next). I've noticed a few more things that ...

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This has been bubbling up for a few weeks, but the more someone denies, usually means something bad is about to happen. Watch for a domino effect among European banks? Credit Suisse CEO Touts 'Strong Liquidity Position' As Market Panics Over Soaring ...

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Hi BWilliam. I think the fundamental narrative, globally and within specific nations, will have to change within the next 90 days, first to stop the damage that will be unfolding as a result of the current narrative, then to "fix" the damage of the ...

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Hi BWilliam, more on the GBP/USD:

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BWilliam, the start of the week sees the GBP/USD Armageddon on steroids! Like I said last Friday, keep an eye on the news. And trade with care!

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Apparently, some people here view this as a trick question. Or a topic where the details are unknown or unknowable. In reality, it is the key to long-term success in forex trading. I hope BWilliam doesn't take offense, but here is a possible stating ...

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I'm done for the day, and thought I'd finish the week here on FF with a final chart of the GBP/USD (much of what I've traded this week in the GBP/USD, applies to the EUR/USD and the USD/CAD, which are the currencies I focused on this week). Have a ...

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As a follow up to my post yesterday, here is the GBP/USD after today's activities. The move to re-value the GBP continues. Use the same process to identify value targets going forward, and by forward, I include the BOE announcement tomorrow (SNB is ...

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This seems to be a reasonable request. I'll post this chart to help expand or extend this discussion. A note about the GBP/USD: PA is well beyond past data (at least on my charts), so previous points of support or resistance are unknow. I prefer to ...

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[quote=BWilliam;14134063] I agree 100% with your not random stance. To me, as traders we trade a predictable market. We can't say we trade a random market, that don't make sense. I'm not referring to you when I wrote a large number of members will ...

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Hi BWilliam, I had the bottom of the G$ at 1.1412, yours was 1.14095, so our analysis was within a few pips. Big challenge to the G$ low today. I see a breach of the low, to 1.1406, then a quick retreat. I have the next short-term target at 1.1396, ...

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Hi BW, yes I look for trades that develop after a pullback or retrace. So when we see a prolonged move without a pullback, I start to get a little apprehensive about add-on trades. It's always best to see the pullback in the rear view mirror. Trade ...

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A persistent downdraft for the GBP today, just crushing my targets. Three trades below 1.1600 with all now closed as we think about sub-1.1500. I'd like to plan for a retracement before continuing, but FA points more towards Armageddon, or at least ...

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Yes, the reasons for entry, stop and target are the same.

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Quick note and an update: The G$ has broken through 1.1600! How's that for intent? My second trade finally hit its limit, too. Watching for a good entry now, if the move continues. Good trading BW.

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Right. There has been unrelenting intent to get to/test 1.1600. The G$ has been professionally moved to that level and now it's decision-making time for the banks, and the BOE. Fundamentals in GB are trending downward, and the GBP is moving with ...

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BWilliam, per your ask, here are my G$ trades from this morning. I had 2 trades in this pair: Trade 1 was closed with +45 pips, and Trade 2 is still open, currently up about 20 pips (stop is now at the entry). I also traded the E$ this morning, ...

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[quote As a forex trader, it's upon you to read fundamentals and keep up to date. At the minimum, be aware of the current fundamentals issues. [/quote] BWilliam, sorry I missed your post last week. Well done. As for the fundamental picture, we are ...

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BTW, I have a back-of-the-envelope way to "guess" the moves on the EY and GY relative to the E$, G$, and $y. The ADR on the E$ is 93, on the G$ it is 121, and on the $Y it is 162. So the yen is moving more than the Euro and the Pound. If the yen is ...

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Ok that makes sense. I suggest everyone expand their daily work to include an analysis of a market reversal from current trends and PA. As you point out, if your mindset includes the possibility of something "going wrong", then you will be better ...

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