Nice catch on that trendline from February. I had the same resistance line drawn on 4H chart but didn't notice it extended all the way back to Feb. Actually I was hoping since we broke out of the rising wedge formation late last week, there would be ...

USD/JPY Discussion

Finally a first sign of reversal back towards the weekly trend. Short since 105.05, sl 105.50, TP1: 104.70, TP2: Open. It would be nice to see a clear break of 104.50 before getting too confident.

USD/JPY Discussion

Thanks for the lessons Bruce. Are you still short u/j? Daily momentum is strongly UP and weekly momentum is about to change North too with CPI due out later. Test of 108.5 looks increasingly probable before any significant move down. My advice to ...

USD/JPY Discussion

Most of the time there is very little logic in the way fundamentals move markets on a daily basis. Use fundamental news to paint the long term picture. However DJ and SP are very good indicators for how USD might perform in the near future ...

EURUSD

Look..I have been following Sham's post for a while now and his trading ideas are quite good most of the time. Of course we WILL make stupid decisions from time to time. Unfortunately that is the only way to improve in this business. I have been ...

Malaysia

Breakout coming soon — I see an ascending triangle on the daily chart. I am looking for a daily close above 9500 to confirm a breakout to the upside, targeting 9950 (161.8% ext of 8510-9400). However if Aussie fundamentals start to come out ...

Aussie Pairs

Inverted hammer and hangling man on 1H chart after long bullish candle indicates reversal. Doesn't always work I agree but probability is good.

Cable Update (GBPUSD)

might have been an accident...

Cable Update (GBPUSD)

Bomb blast in Leeds!!

Cable Update (GBPUSD)

u/c was a very good buy at 1.0075. Up and Atom !

Cable Update (GBPUSD)

I would definately be one of those looking to position for a short before the MPC minutes are out. But that would likely be a short term trade. If you look at the daily 20/55/100 MA levels on daily chart you will see how strong today's move really ...

Cable Update (GBPUSD)

Nice bounce off fib level on weekly chart + channel resistance line broken + April Fed rate cut due. Guess the direction of g/u for the rest of the month... Of course nothing is for certain, especially since UK housing is getting from bad to worse. ...

Cable Update (GBPUSD)

So far still on track for a breakout. It is perplexing how stocks are rallying even after such bad Phil index. Crazy Wall Street!

Cable Update (GBPUSD)

g/u and e/u look very bullish. If enemployment claims come as as bad as expected, we will see g/u breaking the channel resistance firmly and possibly start a new bull run. I am tempted to close one of my longs (9620 and 9702) but lets see if ...

Cable Update (GBPUSD)

Looks like the Aussie cat that bounced dead earlier was actually alive

Malaysia

Thanks. Unfortunately I still sometimes act on impulse. Old habit . I'm still holding a short position after closing another at 9640. There is a possible breakout in u/j as Dow's momentum shifts upwards. So USD should continue to perform further ...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Don't you think for such rallies to take place we will need to build up stronger momentum on the longer time frames? G/U and E/U are not able to plunge yet even after terrible UK/EU news mainly due to record oil price. Lets see if pressure on USD ...

Cable Update (GBPUSD)

I suppose taking a chance at quite strong support level is still a good way to make some quick pips even if g/u is falling in the longer time frames. Since g/u respects channels and trend lines quite well, personally I will wait for the pair to ...

Cable Update (GBPUSD)

I see. I still think until we see 4h candle closing above 9725, g/u should continue down. I am guessing he went long because 30min RSI hit a low. The last time that happened (around 9688), retracement was around 40 pips meaning 9725 will act as a ...

Cable Update (GBPUSD)