There is related huge gap down in EUR/AUD, I am playing long on that one. USD-independent ;-)

AUD/USD

I suggest looking at the gap on EUR/GBP - that one should close irrespective of where the USD pairs will go

Cable Update (GBPUSD)

Hence, it looks to me that EUR/GBP is a solid candidate for a correction right now

Cable Update (GBPUSD)

Cesar, Sorry to hear about this completely unnecessary mental torture as the tests you talk about are not 100% conclusive. Besides, they only show "increased risks", not the end result. In reality, you won't know for sure how healthy he or she will ...

Cesarnc's market talk, gossips, rumours & fun

Chonchy, yes, the momentumis painfully weak now... Personally, I was hoping to scalp few pips on a short from R1, but going to sleep. The big picture remains the same for me - until we are below 1.5050, and daily BB is flat at the same level we are ...

Pivots and Trends with the JPY

Looks to me it's heading to touch R1 in the immediate future, and so does GBP.

Pivots and Trends with the JPY

Looks to me like something big is cooking in USD-JPY, on the weekly chart below. It's approaching a recent low of 88 in the same manner as it had busted through the 92 level earlier. More interesting, it's only 120 pips short of a very significant ...

Pivots and Trends with the JPY

In a fair uncorrupt system that's what they should've done last fall, in my opinion. Pick a bank with the most developed branch network out of Citi, Chase, Bank of America, let it go bankrupt over the weekend, and take federal control over it. Then ...

Pivots and Trends with the JPY

Agreed, I am talking about oil going up on the weekly time scale. The candle configuration is exactly the same as the one earlier, in april of this year (same chart). There was some correction in May followed by a strong push north. As for Fed ...

Pivots and Trends with the JPY

I had my short from 1.4973, and closed it at 1.4941. The lower BB on the 2-hour chart is providing strong support right above the daily PP, plus I noticed that more than often EUR makes corrections to 5-10 pips short of the daily PP. I am sitting ...

Pivots and Trends with the JPY

Well, I see 2 possibilities with oil: it will go up, but if not - it will go down :-) Seriously speaking, imho, there is a bullish candle formation on the WEEKLY chart below: I see here that the price went north through a historically significant ...

Pivots and Trends with the JPY

Bollinger band alone won't give you that perfect entry point, but it will always tell you when you should not enter a trade, and that's a very important skill: patience. Squeezed parallel lines on BB show that price action is in consolidation, and ...

Pivots and Trends with the JPY

Bollinger Band is one of the most important technical tools to use, just like Chonchy descrived above. When you plot BB in any charting software it asks for parameter input (which is the number of data points analyzed). The optimal parameter to use ...

Pivots and Trends with the JPY

Greetings to all the old and new friends, it's a nice surprise to see this thread again! I'll take part in this discussion as well when I have something useful to say :-) Carlos, hope your trend changes to no-cough at US open tomorrow - looks like ...

Pivots and Trends with the JPY

Those are mid-points between R2 and R1, R 1 and PP, and so on. They become important when the major pivot points are spread far apart (at least 40-50 pips in my experience)

how to use pivot points?

not 1.3873, the daily pivot is at 1.3881, together with the upper bollinger bands. That's the level to watch

EURUSD

Lengthy rollovers is the only problem with MB Trading, it's the best at all other times, in my experience. By the way, I trade stocks with MB as well: E-Trader charges ridiculously high comissions together with Ameritrade.. Of course, they pay huge ...

EURUSD

Justin, Since the chat is about charts now it would be neat to stream our individual account balances to the charting software. I've been plotting mine with the daily candles, and I see all kinds of trendlines there :-)

MB Trading Futures - Introduction

Very nice article in The Gardian. It will be a while before the "independent" US media dare to publish such an unbiased point of view.

War in ossetia influenced markets?

Wow, TraderKGB, thanks for the hint This must be a new addition - mexican peso wasn't available when I opened my account, and I didn't get a memo :-)

MB Trading Futures - Introduction