Too early to short in mho. Need some evidence from weekly/daily charts first.

Cable Update (GBPUSD)

Japan Bank statement. Agree with your E/$ buy.

EURUSD

Trends show up in the higher time frames like the dail and 1 week. The 4 hour direction is just as likely to be a pullback against the trend as a continuation of it. Since posting the pair is up about 80 pips confirmng the direction.

Cable Update (GBPUSD)

The pair is in an uptrend so look for longs only. Trying to predict the occasional pullback against the trend is a recipe for pain

Cable Update (GBPUSD)

I like to look at 2 timeframes on the same page. Specifically the weekly and daily Heiken Ashi. Currently GU looks like this. It tells me straight away the pair is a buy but is currently experiencing a pullback. Time to be patient and wait for the ...

Discussion about multiple time frames and indicators

The initial reaction to the rate hike looks over and represented in the daily Heiken Ashi as a pullback in an uptrend which the weekly shows so clearly image

Cable Update (GBPUSD)

Not sure the change in sentiment was anything more than a short term thing. The weekly and daily charts still look strong. I wouldn't be surprised if cable staged a recovery by end of play today.

Cable Update (GBPUSD)

'An uptrend is an uptrend until it is no more . . .The job of a trader is to smell when this about to happen . . . ' Actually I disagree with this. I follow trends once they are established but find predicting the end of trends to be dangerous. ...

EURUSD

Hey there. Just realised you are trading the 5 min chart and I look to the weekly/daily so two different ball games. Good Luck

EURUSD

'Trading in the Zone' by Mark Douglas. Also search YouTube for him as there are some excellent videos available

Trading Books, your essential guide

F.g Why are you shorting in an uptrend?

EURUSD

I am Long Looking at the weekly and Daily Heiken Ashi charts both are positive. Having said that in the shorter term anything can happen. But I trade higher timeframes. image

AUD/USD

I think there are perhaps another 100 pips in the current move. Won't be straight forward but looks a reasonable target image

EURUSD

Sorry the charts above are for GB/USD Here are the correct ones for this thread EU/USD. The two pairs are however very similar. image

EURUSD

I use high timeframes. Below shows both the weekly and daily in Heiken Ashi charts. Both show a strong upward trend so I am long. I find Heiken Ashi gives excellent trend direction especially in the higher timeframes. The position shown was taken ...

EURUSD

Everyone has their own risk threshold and look at it differently. My attitude is that all the money you send to your trading account is at risk and so it should be. If you are not prepared to risk it all then don't send it. Keep some of it in your ...

Whats your best money management method?

The weekly Heiken Ashi chart shows a strong uptrend

Cable Update (GBPUSD)