Hey All, Good Monday Afternoon, After Fridays Trade close and the break of my Trend Line, I see that today was just a small bounce. It looks a lot like a indecision candle. I am looking for re-entry in the colored zones. Current sentiment is mixed. ...

WTI Crude Oil Trading

And go to hell it did... lol... Price collapsed on me today and pushed through my safety stop at 72.00 netting me 4000 pips/ticks. Now I have to wait and see what happens next. Better than nothing.. Have a great weekend - Ric

WTI Crude Oil Trading

Hey All, Weeks end and this pair is still not looking good for now. Just bouncing along. The range is increasing to around 200 pips which is nice for scalpers and shorter term traders, but for me I like a bit more direction. maybe next weeks News ...

AUD/USD

Hey All, The week is over and price did not make it through my trend-line. The Trade Triangle is getting tighter. I am looking for a break out to the long side with USD news. I still have a long bias even though we are close to some tough resistance ...

USD/JPY Discussion

Hey All, End of week showing a buy back of shorts. Spike almost took me out but not yet. Still holding the 38.9 pips. Still looking at a short bias for next week. USD news has a better than average chance of pushing GBP down to my target barring any ...

Cable Update (GBPUSD)

Hey All, End of week with an indecision candle. My stop was not hit. I do not really have high hopes for this trade but seeing as I have some secured pips to cover swap and exit spread. Wait and see next week. Also be careful next week as it is also ...

EUR/JPY

Hey All, End of week and no real change on the Daily. A spike up yesterday was followed by another up day that slammed into 50% fib and came back down. Again, I am still Short bias on the NZD. I have not changed anything from my last post. It could ...

NZD/USD

Hey All. OK, End of week and not much change. Still see a Short Bias on the daily charts. Unless price breaks the trend line and/or 1.15000 level, I see no reason to long against the overall trend according to the tech analysis. Fundamentally not ...

EURUSD

Hey Mohsinali, Same avg wins/losses but yet still ahead. Hmmm.... How did you do that? - Ric

Money Management Theory

We are talking about controlling your trades and funds. Where the funds for the account come from are irrelevant. Thanks - Ric

Money Management Theory

Hey All, Price is bouncing pretty hard today. I still see a short bias as this bounce is most likely a retrace after a 150 pip fall from 10 days ago. I have not adjusted my short bias entry but have added a long order in case price breaks 0.6700 ...

NZD/USD

Hey All, My trade was triggered today as it headed in the right direction. As of this posting I have secured a few pips to cover exit spread and swap and the trade is half way to its target 123.80. - Ric

EUR/JPY

Hey All, Target of 0.66000 hit today. 81 pips. Next Entry level is 0.65500 with a target of 0.64750. I see NZDUSD as Short bias so unless I see price move above 0.67000 I will stay on a short bias. - Ric

NZD/USD

Hey All, On the daily charts EURJPY has been on a short bias for months. It has been a bit more erratic as of late. Right Now I am waiting for clean break/close of 124.80. If so I am looking to short with a target of 123.80. Beyond that is a wait ...

EUR/JPY

Hey All, My current short looks like it may run out steam before I hit my target. With upcoming Advance GDP & Core Durable Goods this week tho, it may be looking up since both are expected to meet or exceed consensus. We shall see. Just to be safe I ...

Cable Update (GBPUSD)

Hey All, USDJPY has finally broke out above its 30 day high of 112.00 level. It does have to do with the overall strengthening of the USD across all USD pairs. I am not sure if it will continue as on the tech side it has a lot of resistance. We are ...

USD/JPY Discussion

Hey All, Well it looks like I did not need to wait until Thursday and Friday. EURUSD smashed through the 1.2000 handle without any real fundamentals. So that is a technical break to me. If that is the case and with Core Durable Goods and Advanced ...

EURUSD

Hey All, This pair has been flat for the last 6 weeks on my Daily charts. I cant do anything with this pair until we get some movement out this range. We had a small hope last week when price closed above the March 21st high only to slam against ...

AUD/USD

Hey All, Long on Brent Crude Via Oanda (BCOUSD) since late March with an entry @ 68.00. Every time I think it is slowing down, it continues on. I have no real target in mind other than 85.00 which October 2018s high. If USA keeps sanctions on Iran, ...

WTI Crude Oil Trading

Hey all, On the technical side, EURUSD waves on the Daily chart are shrinking. The downward bias looks to be running out of steam as each wave is shrinking as price heads to major support level 1.2000, A price level not seen since mid 2017. On the ...

EURUSD