The Week in Review — Credit Crisis and Strengthening US Economy The week started with post-NFP selling, and not even very dovish statements from Ben Bernanke Monday could deter dollar bulls. After some consolidation, the strong US consumer ...

Medici trades the London open

The "how", frankly, involves assessing trend, news, market sentiment, equity markets over night, technical patterns etc. In practice it means putting in a good few months/years before you get it. Don't know what you mean by pending orders in both ...

No Brainer Trades

Exactly, it's about managing risk. Then profit is what results. And when it comes to trading these hours, I did some statistical analysis for cable a couple of weeks ago. More specifically, I calculated what the drawdown would be if one entered a ...

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Yes, the difference is very clear. I trade London mornings only. The phenomenon has not so much to do with news as with market structure and equity market correlations. The best hours are 6-8 am London time, when no cash equity markets are open, and ...

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In addition, 1120 is the 50% retracement of the SP500 from the 07 high to the March 09 low, which has proved resilient. And equity markets have been struggling to break new ground for a couple of weeks now. Currency markets are less liquid than ...

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Perhaps not, but what may be a bit surprising is that the rate often retraces to somewhere close to the pivot.

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Fine, but statistically speaking, the rate almost always retraces to the pivot. Put that MA on a chart, and you'll see that the MA line cuts almost all bars/candles.

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(high+low+close)/3 or a 1 period SMA of HLC/3 shifted one step to the right.

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I'd be looking for a 5m resistance level close to or above the pivot of the previous hour.

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I am happy to hear. Well done. My own analysis this morning was that 1.3920 ín the Euro was a safe bet to trade the range up to 1.3985. Less sure about cable given yesterday's sell-off and Mervyn King's gloominess, so waited until the Asian low at ...

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5.30 to 9.30 local time London. Why so early? To be able to clear your mind and focus before that beautiful 6.05 entry this morning. And at that time the dealers in Frankfurt and Geneva were up and running, as well as a good number of London traders. ...

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My pleasure.

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Don't expect books or articles on this. Why would the dealing banks share with the world how they control the fx market? Do casinos publish booklets about how they rip off gamblers? Still you can get the hang of it by putting in screen time from ...

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Interesting topic that I have been meaning to write about. The way to understand the London morning session is in terms of dealers at the major dealing banks (Deutsche, Citi, etc) having a book of orders to execute. Some clients want to buy, and ...

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Good levels for shorts.

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Trading reversals — Hello all, thought I'd share a method for trading reversals that I use. It's based on H1 pivot points which can be drawn as a curve using a 1-period HLC/3 SMA shifted 1 step to the right, so the value for this hour is the ...

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Off thread? It's a clear resistance level, and I thought S/R trading was what this thread was about. If my interpretation of it is slightly wider than accepted, let me know. Sorry to say, but to me, playing highs/lows to the pip isn't trading. I try ...

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1.6455 was effectively the high of the Asian session with a brief excursion above at the Tokyo fix. For the whole session there had been selling going on at this level. Furthermore, checking the GBP crosses you can see that there had been flows out ...

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Hmm, to me that was a level for profit-taking. The bull-run seems to be over for a while, although barrier attack at 1.6500 remains a possibility, and today's session offered a coupled of good short entries at 1.6450 and then retracement to 1.6410, ...

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