i hate this pair. bad cad news. good usd news. up pattern on the chart. and we're going... down. yeah, makes a lot of sense.

USDCAD trend reversal?

if you're using metatrader, right click on your chart, save as picture, active chart 800x600. then upload it here. if you're using another chart, use "print screen" key on your keyboard, then open Paint, paste, and save. as for h1 chart, there's ...

Cable Update (GBPUSD)

when everything points down (even news!), who do you think it's going long and drives the price up?

Cable Update (GBPUSD)

here's a daily chart. show me where is the sign that almost shows north. i see a lot of lower highs and lower lows (not all of them, but plenty to give me a feeling that we're in a downtrend).

Cable Update (GBPUSD)

there are 2 more days with very important news for usd. i figured that's why big guys didn't want to short g-u yet. even if gbp news were bad and usd news so far were good. and expect more up at the slightest sign of usd weakness. right now it's all ...

Cable Update (GBPUSD)

2.0015 was a joke. i think it will go down, BUT... be very careful. don't go with what you think, go with what you see. i don't know how much it'll continue to climb. i moved my stop loss for this long at 1.9735; if it's hit, i'll wait for another ...

Cable Update (GBPUSD)

it's probably because big guys are positioning themselves for tomorrow's news. since everyone seems to be trading cable these days, it makes sense for them to make this pair as weird as possible - because that's how it is, lately, and that's how ...

Cable Update (GBPUSD)

actually i'm flat at the moment after a 50 pips trade yesterday; i couldn't have got from the top anyway, it was a total surprise for everyone. and looks like it's heading nowhere for the moment. but i'll short it again from 0.7460 area; another ...

Why is NZD so strong??

it should work on any time frame. i talked about weekly because i think higher time frames tend to give more reliable signals. for daily scalping, use h1 charts. instead of entering using 3 days rule, let the price run into a certain direction then ...

Part Time Wealth Building Trading System - Daily Scalping

i don't have a precise exit strategy. what i suggested was basically this: don't enter at the beginning of the week, but let the price run into a certain direction. then wait until it comes back and open the trade after it passed the weekly open. ...

Part Time Wealth Building Trading System - Daily Scalping

let's see if it works. basically it should function with every time frame, so i'm trying to see if i can do the same with an h4 bar average. but the higher the time frame, the more reliable this analysis. right now i'm looking at g-u, looks like the ...

Part Time Wealth Building Trading System - Daily Scalping

judging by your chart, 1.9723 should be on the trendline that has just become resistance. a nice point to short g-u, let's see if it's working.

Cable Update (GBPUSD)

i forgot to add the indicator i'm using for weekly range. here it is. p.s. i apologize if i already posted it ... my memory looks exhausted these days...

Part Time Wealth Building Trading System - Daily Scalping

and another thing: look at previous week open, 241.89, and then look at how price went: first up to 242.98, then down below the week open (!) - and this is a sign that the high of the week might have been already hit, so you can look at a weekly ...

Part Time Wealth Building Trading System - Daily Scalping

by the way, in this case if price goes above 240.20 i will consider a long position.

Part Time Wealth Building Trading System - Daily Scalping

after i read the rules again, i think that opening at the very beginning of the day may not be a good decision. if we're talking about daily scalping, i think we should use daily as well as h4/h1 charts (i prefer h4). now, look at the previous week ...

Part Time Wealth Building Trading System - Daily Scalping

now we're on the same track.

Um, what just happened in New Zealand?

i wasn't necessarily talking about other central banks. as for how much money RBNZ is willing to spend into this... it's not about that. size does matter in forex but in this case they wanted to send a message, and i believe it was clear enough. ...

Um, what just happened in New Zealand?

that's right. but if price continues to climb, it'll happen again and probably next time RBNZ won't be alone.

Um, what just happened in New Zealand?

i still have a short position, and my trailing stop is now at 1.9706; previous high against the trend was 1.9705, so if this is broken then we're going up, a bit or a lot. if i'm stopped, i will only re-enter a short if price falls below 1.9619.

Cable Update (GBPUSD)