Hey All, Its been over a week but price finally broke/closed my trend line to the down side. I got a short @ 124.142 At the end of day I was able to secure 14.2 pips to give price room to move while protecting myself from loss but keeping some pips ...

EUR/JPY

Hey All, So price is stagnating around 1.0150 an 1.0200. My Trade Triangle is tightening with price looking like it has a better chance of falling than rising. However, that is always news dependent. PPI and CPI coming this week for USD with not ...

USD/CHF

Hey All, Price spiked right into my trade zone today. However, price did not close inside trade zone so no go for me. Uptrend line re-established a bit to the down side and now runs into trade zone which is a good thing. Major Trend lines ( Now in ...

WTI Crude Oil Trading

Hey All, After Mondays close I am up only about 8 pips. Everything is still saying short. I see no reason to close. AUD Retail Sales report is in about 3 hrs from this posting but I do not expect a upside surprise. Cash Rate (In 6 Hrs) is expected ...

AUD/USD

LMFAO.... That was great.... - Ric

What works, and what doesn't

Hey All, My Trade Triangle is calling for a short term Flat Bias. Currently both lines are longer term trend lines. Price on this pair has been floating up all year. Down side potential is currently limited to about the 1.3250 level IMHO. Upside can ...

USD/CAD

Hey All, Ok so end of week ends with price spiking up to my trend line but not making it through. According to my trade Triangle, price is seriously getting crushed. Price has a 50ish pip open to close level and getting smaller. I really do not have ...

NZD/USD

Hey All, Hum Drum end to week. Looking like it may break to the upside. just not sure when. Have A Great Weekend - Ric

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

Hey All, I love being wrong. Cant learn without being wrong. So GBP spikes passed my trend line and smashed my Trade Triangle. So now price is reaching the harder to pass longer term down trend line. If price gets through that line, I see it going ...

Cable Update (GBPUSD)

Hey All, So GBP strengthened today, so much so it broke a rather firm downtrend line. Price spiked up 115 pips today. That also breaks my Trade Triangle and widens it by 100 pips. That lends to a theory that price may flatten for awhile on the ...

Dragon Riders GBP/JPY

Hey All, Ho Hum week. Nothing really special. Lookout stays the same. Cant force things that are not happening. Have a Great Weekend -Ric

EURUSD

Hey All, Not much to say for this end of week. Price bounced off the trend line. We shall see if I get a price break to the down side or not week. I actually prefer it. Have A Great Weekend. - Ric

WTI Crude Oil Trading

Hey All, So at weeks end I am currently down 27 pips but I am holding on. Not exactly sure why AUD spiked up with AUD getting bad news and USD getting great news. Is that support zone that powerful? I doubt it. I believe the large players are taking ...

AUD/USD

Hey All, Price has broke my trend line for the second time this week. Price came very close to short side trade area @ 70.00 but just could not make it. Another reason I use whole numbers. Banks and institutions use them so should I. So should you ...

WTI Crude Oil Trading

Hey All, That triple tap did indeed help price to fall 70 Pips in 1 day. I hope some scalpers grabbed some of that. I adjusted my long entry area down to 0.6680 from 0.67000. 0.6680 looks like a strong resistance point which mean a break could mean ...

NZD/USD

Hey pohchuan, I don't see a reason why you could not scalp 40pips off the Dragon. I would be cautious with a trade inside 145.00 to 144.00. It is a tight squeeze inside my Trade Triangle. Price can break in either direction although I lean more ...

Dragon Riders GBP/JPY

Hey All, I may be a bit premature, but no risk no reward. I triggered a short today @ 0.69978. Price broke my trend line and broke the Hard Point of 0.70000. I maybe could have waited another day but I am taking a shot. My stop is at roughly the ...

AUD/USD

Hey All, Gold is slipping further to the down side since February 2019. My trade zones have been patiently waiting to be hit. My Trade Triangle was tightening nicely in early April but broke to the down side. Hardly anything to right home about as ...

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

Hey All, So 1st day of the month showed little improvement to Brent . Price has been dancing on my trend line but it did not move passed yesterdays high. Which is fine by me. I am hoping to see price climb up the trend line to my trade ...

WTI Crude Oil Trading

Hey All, EOD has seen price move closer to the Hard Point of 0.70000. This level has not been seen, not counting the flash crash in January, in over 2 years. The last time this area was contested, the Bears lost bad as AUD strengthened by over 1200 ...

AUD/USD