I was thinking along the same lines, but I didn't think to correlate the raw materials into it. I was just thinking in terms of dollar weakness. How substantial of a correction do you think could be justifiable? I'd like to discuss profit targets. ...

Aussie Pairs

I am not an expert when it comes to fundamentals, but fundamentals play out in technicals. I think you are exactly right in this thinking. This correction does have a possibility of reaching fairly low. If and after the 1.88 level is breached ...

Aussie Pairs

I think we should continue the uphill march, however if you look on the daily charts, we ended the day with a bearish engulfing. Although, on the 4 hour charts, we are in a channel slowly moving upwards. The good thing about the short is that we are ...

Aussie Pairs

Over the weekend, I am just going to post ideas for the week ahead. Then I will see which ones would give me the greatest profit to risk ratio and go ahead with it. If anyone has any ideas, post it so we can discuss them. If not, have a great ...

MW's trading journal

USD/JPY potential — Now to put this to the test (hopefully), we have quite a bit of potential from the USD/JPY on the daily chart. We are in an upwards 'wedge', because of the rising channel bottom and the resistance that the tunnel area and ...

MW's trading journal

In a ranging environment, the dynamic fib levels can still be used as support and resistance levels. However, there will be quite a few more whipsaws. This seems to be a system that relies heavily on a trending environment.

MW's trading journal

Ok, this is a historic chart of the GBP/USD. Yes, I know hindsight is always correct. This is why I am testing this method. On this chart, price began movement upwards on around March 13, 2007. After the initial upwards move, it came back down on ...

MW's trading journal

Ok, the discretionary system that I am using to trade for the purposes of this journal is based mainly around price action and fibonacci levels of support and resistance. This methodology is to be used on the 1 hour, 4 hour, and the daily charts. ...

MW's trading journal

Actually, they did lol It happens. I just play in a beer league so it's just for fun anyways, although winning makes it a little better. I'll have the initial post with the standards for my trading up in a minute or so.

MW's trading journal

Hey Steve, thanks a lot! It's much appreciated!

MW's trading journal

Im interested in going to his house and making him tell me how he does it... haha

Steviet's Live Trades!

Thanks Adwa, I'm looking forward to it also. Glad to have you along my friend!

MW's trading journal

That looks like it could be a very nice setup Banzai. For now, however, would you think of buying on the dips at or towards the bottoms of the channel? I, myself would, once I get a solid sentiment of the market through price action. These flags are ...

james16 Chart Thread

I will post the method's properties in a little bit once I get back from a hockey game. For now, it's time to go beat on some people.

MW's trading journal

Auslanco, you were exactly right. I'm looking now to see a reversal at around the 237.20 area, If not a little higher. By the way, if I ever meet anyone on here, slap me for shorting that earlier...lol Has anyone ever dealt with dynamic fibonacci ...

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

Make whatever your comfortable making. Noone is going to say "Oh you only made 30 pips or anything like that. 30 pips can be the exact equivalent of 120 pips depending on your leverage. 160 is pretty good if youve never touched forex before, the ...

Cable Update (GBPUSD)

Alright, cut that loss. Now to move on and see what the hourly will give in terms of entry, if anything.

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

If it breaks through the current channel downwards that its in, I might be joining you. Until then, lol I think you got me beat as of now but it hasnt broken yet.

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

Yep, thats the one I was talking about earlier in the night too. I've been following it up until the news, then I got out but now I want back in!

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