Oh definitely not Bill. I just posted here to be honest to see people's views. It's great to see the differences of opinions even though we're all looking at the same thing haha. Respect to you sir.

james16 Chart Thread

Hi Bill, looks like a decent setup you have there. We have had rejection off of the 7570 ish handle, a key level of support that has now turned resistance.

james16 Chart Thread

Short AUDUSD at 0.7485. image

james16 Chart Thread

What's people's thoughts on this pin? Bounced off of a decent area that's had a few touches, and we have a nice trouble area below that could be used as first target, with much more downside potential? image Thanks

james16 Chart Thread

I talk about this in other posts, but such a key to being successful in this game can come by combining fundamentals and technicals. It's more of knowing what to look for in each, than simply trying to consume all the information available. ...

Technicals Vs. Fundamentals?

@redbaron1981 I don't see what the problem is haha. Obviously price reacts at different points other than the ones I mentioned, that's why it moves. And as I said, they're fractal. All I've done is come on to give my 2 cents to try and help, based ...

Price action is all we need to succeed, but what time frame?

@redbaron1981 Maybe by doing this you can say oh look that kind of hit this random line I drew, so did this bit. That's just ridiculous though. The idea of the support and resistance, as I explained above, is to find those value areas. Those areas ...

Price action is all we need to succeed, but what time frame?

Price action trading really is as it says; the action of price. Most people on here focus solely on a chart but don't actually understand the true context behind price This is what's called a price ladder. It's the core of any financial market. This ...

Price action is all we need to succeed, but what time frame?

@Numbnuts The key is the CB policy yes. If you wait for the move in rates, as you said, you'll miss it. As soon as the CB shift their stance on what is going to happen with monetary policy, that's when you make your move. image As you can see from ...

Fundamental Analysis

The easiest, and most reliable way to trade based on fundamentals is to simply look for central bank divergences. Once you have that, you have the key to trading long term fundamentals. Look at how the NZD, AUD, and CAD have all weakened over the ...

Fundamental Analysis

Valbury are a well respected broker, but they're a prime of prime broker. Minimum deposits are much much higher.

Valbury Capital

I haven't posted on here for a couple of weeks. Had a few things to take care of so it's not been top of my priorities list to be honest. But here goes. Last week we saw a small rally in the Aussie Dollar as the RBA removed their easing bias from ...

Fundamental Trading with a Directional Bias

Agree with you on that. It is much harder to predict price movements intra-day.

Is price direction predictable?

Price direction is very predictable. In fact, it's real simple. The reason why so many people say it can't be done is because they don't actually know why the market is moving in the direction it is. Most people focus on technical analysis and this ...

Is price direction predictable?

Sat at around mid 76's now, plenty of room to get in and keep adding positions. I still agree it has plenty of room to move lower.

No brainer fundamental trades

A lot of my trades are longer term in line with central bank policies, which is why I hold, and add positions, much longer. Personally I feel like that is more like investing. Of course it isn't the same as investing in funds and stocks etc, and ...

Poll: Do You Trade Or Invest?

Depends on what I'm trading. I'm completely fundamentals so I'll have a few positions in the same pair normally when we are in a strong movement and there is a strong fundamental reason, but these are longer time and might not enter for a few weeks. ...

How often do u trade?

I used to suffer with that until I just simplified everything. Use a top down approach on the charts, mine is normally Weekly > Daily > H4. Then plan for the week ahead based on the risk events that are due. Filter out the unimportant ones and focus ...

No brainer fundamental trades

Although a lot of people do think that market makers simply trade against their clients, this isn't true for all of them. A lot still simply make money on the spread. They basically hedge against your trade. For example, you go LONG on GBP/USD. They ...

How do brokerages earn money?