how about a long @ 1.0632, SL @ 1.0600.

USDCAD trend reversal?

before going long @ 1.9895, take a look at the daily chart and the trendline between 2.0133 and 1.9967. i'd think at least twice before placing a long now.

Cable Update (GBPUSD)

if it's bumping today into trendline, it's 1.9916.

Cable Update (GBPUSD)

why? never heard of this?

USDCAD trend reversal?

ok, now i'll try a long from 1.0710, sl 1.0700.

USDCAD trend reversal?

i actually do see it. just give it some time and you'll see a BIG dump. 236 at least (or about 1000 pips), depends from where it starts. right now i'm waiting.

Daily GBP/JPY analysis

that was my mistake, my post might have been suggested such thing. but i think we all realize that it's not gonna work with the childish "mine is bigger" approach, and that a central bank has other options to regulate its currency prices. anyway, ...

Um, what just happened in New Zealand?

i think he's saying that he would buy dips. IF g-j goes down to 238, then long it from there. but this doesn't necessarily mean it would go there, so don't short it unless you are really sure what you're doing.

Daily GBP/JPY analysis

why? it may bounce back from 1.0706, IF it goes there again.

USDCAD trend reversal?

thinking at the same thing. now if they really want to get rid of the carry traders then interest rate needs to be changed. together with nzd bad news and with a selloff might have driven the price down... but that was last friday. anyway, what do i ...

Um, what just happened in New Zealand?

no. sounds like a war is about to start. i'll stay away from all nzd pairs.

Um, what just happened in New Zealand?

interesting. the price went back up though, friday's high was 0.7549 and now current price is 0.7526. p.s. i looked into my oanda account, looks like a gap to me.

Um, what just happened in New Zealand?

from what i read, it doesn't mean bets are off, but rather off until an opportune time. IF they really want to intervene, because right now i'm not convinced of the real reasons for last week intervention. this is the end of the article, the guy has ...

Um, what just happened in New Zealand?

and we're up again. i guess rbnz intervention didn't have the impact it was meant to. we'll see.

Um, what just happened in New Zealand?

you are right about divergences, they don't mean anything without a confirmation. and particularly in this case, i think it's useless without a fundamental confirmation. so i'll watch what happens with cad and nzd.

Daily GBP/JPY analysis

for the guys that keep longing g-j, here's a daily chart with a bearish divergence which tells me g-j should be ready for a nice fall. now what i'm waiting for is a reversal sign on daily (maybe h4?). a pin bar, or a double bar high with a lower ...

Daily GBP/JPY analysis

lol... it's not g-j, but my entire forex adventure. every time i think i got it, i have to get through something even more difficult.

Daily GBP/JPY analysis

yes, below 1.9700 on monday.

Cable Update (GBPUSD)

and if you use macd, take a look at daily & weekly charts. you'll see a nice divergence.

Daily GBP/JPY analysis

start with m15, go to h1.

Daily GBP/JPY analysis