I agree it could go either way. But, whichever way it goes, it'll explode. I've placed stop loss take profit orders both long and short, above and below significant resistence levels. Whichever way it goes, I'll probably make a lot. I'll only lose a ...

EURUSD only

Gentlemen, this thing is like a soda with a cap and beptobizmo about to blow up. First, we have a ascending triangle, this broke out, then, we have a descending wedge, which was the later stages of the triangle I saw yesterday. The trendline from ...

EURUSD only

Agreed. Any more than 5 pips risk is a lot. I normally set my stop loss around 5 or 6. I also wait later to enter a trade to act as a validation of my prediction. As long is I make 30-40 pips every hour of holding a trade I'm good. With commission, ...

THE only Pattern

As you can see, there is a established trendline, a up trend, with a support level. Once the support level is broken, new trend starts. To help confirm a strong downtrend, wait till the regular moving average and price cross. Only buy after a major ...

THE only Pattern

I will. I'm currently not at a computer, so it's hard to use a pic. Bollinger uses a moving average, and it's included in the metric. It's the line in the middle. You're essentially catching a trend reversal. Since a solid trend has a trendline, why ...

THE only Pattern

I have a potential revision to this strategy. Although it is solid, it will give quite a few false runs. Why not wait for a spike, then only buy or sell once the new trend breaks the old trend line. This will be identical to the point where the new ...

THE only Pattern

I wasn't actually stating it would. I was saying the trend was still valid even if it did go to 1.1822 then reverse to 1.1725

EURUSD only

A trade I executed today. Also saw a similar pattern in euro vs usd.

Cable Update (GBPUSD)

Booyah. Take profit activated.

EURUSD only

Gotcha. Something unexpected happened that changes everything. It broke out today. The triangle movement is completed and verified.

EURUSD only

Nor should you. Lets assume it spikes to 182. The high for the 15th was 1847! That could be a lower high signal. Now, if it falls from that to 1725, that's a lower low. Just but when it breaks out, sell when it reverses, and short till 1725.

EURUSD only

My falling wedges height indicates about a 1823 high, but I'll probably sell before then. Around 1800. The height of a wedge's beginning can used to determine the selling point of the breakout. Take the height of the highest low of the bottom ...

EURUSD only

It could very well drop to 1723 if there is a false run and a reversal, but it's unlikely. The apex is too high. More around 45 that 80. It should happen no later than 4:00 eastern "New York time" tomorrow. The apex is around 2:30 or 3:00. I'll look ...

EURUSD only

I'm not sure at what point in time you think 16819 will come, but I think there will be a trade well before that point. There's a downward wedge at the end of a down trend, and it's apex is at 17480. You may miss a up trend first, then hit a ...

EURUSD only

Heres a trade idea for eur usd. That stand still mentioned earlier could of been caused by buys not being able to overcome the sells.

EURUSD only