On the weekly 8820 looks likely with a 26 ema lending support. If it happens tonight that would also create a nice bearish engulfing candle on the daily to. However the double bottom on the hourly is a worry for more shorts and we need to wait for ...

AUD/USD

I agree with many of the comments on this thread. I'm a relatively new full time learner trader. I've blown a couple of live accounts and done well on a few demo accounts. I seem to do the opposite of most. Treat demo like real and trash real like a ...

The Winning Trading Psychology - sure way for consistent profits

So now it's blown through the weekly R3 pivot. Well I need to learn to become a trend follower instead of a contrarian. 500 pips since Xmas. Now I can see it taking out the 9405 high. I think the December USD rally was just a hoax. A profit taking ...

AUD/USD

I'm in short with stop loss just above daily pin but not very confident. it's looking like it wants to climb towards R3 @ 9230. So how many of you guys have cashed in on the 400 pip upward move? Like Hellboy I'm new to this game. I'm Semi retired ...

AUD/USD

On my charts the Aussie has been consolidating on top of the weekly R2 pivot line which is 9120 for the past 10 4hr candles. It suggests that it may make a run for the R3 line which is at 9230. However on the Daily there is a nice Red Doji which is ...

AUD/USD

I've only been trading for a few months and am using FXCM. AUD/USD spread is usually around 3-3.4. I don't know if they are good,bad or indifferent. The marketscope software works well with quick execution and rarely ever crashes. If anyone has a ...

Best Broker for Australian?

How do we know that this was indeed a new downward trend and not just a correction? Looking at charts the bounce came of the weekly S1 pivot. It has now come back up north of last weeks low 8808 If it closes this week near last weeks close of 8901, ...

AUD/USD

It looks to me like it's heading for 8800. Last weeks low of 8808 may be broken.

AUD/USD

Wrong thread but USD/CAD has taken a dive any idea?? Maybe cable go north?

Cable Update (GBPUSD)

What do you guys think about the weekly pin on this pair? Price closed the week on top of the yearly .382 fib which seems to have held up well as solid Sup/Res going back to OCT08. I know it's hard to see Euro making a big reversal but these ...

EUR/JPY Anytime!

Can any one apart from me see it going up to 8930-8950 in the short term. This is what my charts tell me.

AUD/USD

Every other /USD currency pair has been hammered through res/sup lines this week. Cable is still trading close to last Friday's close. Last week's low of 1.6165 needs to be taken out for further downside. I can still see a little rally up before it ...

Cable Update (GBPUSD)

If the USD continues to post good news for the rest of the week I can see 1.4356 as being a .618 fib retracement of July 08 high. It also correlates with the last week of Dec 07 low.

EURUSD

Ahh thanks guys, I never really gave it much thought till I noticed a few trades triggered too early. I'd look at the high price of the candle and think well hang on it didn't get to my buying price? Then after a retrace if it didn't come back up ...

Bid or ask price on your charts?

Thanks guys for your input. Perhaps my question didn't really pertain to my problem. My charting software shows prices in either bid or ask. You just click either button and it changes. I know when your order is triggered whether buy or sell you ...

Bid or ask price on your charts?

Thanks Magix, I also forgot to add that if you link up the past 3 previous weekly highs from may, august, and this week's they make a nice triangle. We'll see how the week ends.. Cheers

Cable Update (GBPUSD)

Waiting for week to close for confirmation. I can see double top forming on 4hr chart it's currently at the neck line. Same formation on 8hr chart. Cable has been ranging inside BB since late June. Upper band is offering resistance to top of pinbar. ...

Cable Update (GBPUSD)

Hi all, I'm a newbie watching a dozen currency pairs. I've noticed a weekly pinbar forming on the cable. Is it valid? I'm thinking if it falls to 1.6500 it would make a good sell for 2-300 pips. Opinions?

Cable Update (GBPUSD)

Ok I see where you guys are coming from with pip values. I'm based in Australia, not sure how it all works with setting up an off shore account. Only a couple of brokers that I know of down under. My account is a mini with 200:1 leverage. Minimum ...

Fundamentals vs Technical and my little question