I took the USDCHF and USJPY shorts based on my previous posts. Nabbed about 20 pips on each and got out - I wasn't about to get greedy. Thanks again for the advice Doji Star.

4 Hour Strategy (MACD)

It may be a breakout based on that use of trendlines, but this is very subjective. For instance, if you instead draw the upper channel line starting from the April 23rd peak as opposed to the April 18th peak, you'll see that this is not in fact a ...

Cable Update (GBPUSD)

Understood - thanks a lot for the insight, it's appreciated. I have been following this thread a fair bit but am still learning. So basically, we should wait for clear direction wrt the 21MA then? If it bounces and continues up, it's probably a ...

4 Hour Strategy (MACD)

Thanks for the advice. Would the same go for the round top of USDCHF as well then?

4 Hour Strategy (MACD)

Round top on USDJPY anyone? Time for a short?

4 Hour Strategy (MACD)

Thanks - as always, I appreciate your knowledgeable insights and value your opinions.

Daily GBP/JPY analysis

Your buy order got filled. What do you see as your exit point now? And are you looking short term or long term? Thanks in advance for your insight.

Daily GBP/JPY analysis

Correct. However if it is an increase which is expected, then it may not move as much. For instance, the increase is predicted to be 25bps, so if it is, the currency wil not move much - if it is 50bps however, it will definitely shoot up.

Cable Update (GBPUSD)

Up over 50 pips on my EURUSD long thanks to the NFP report. She seems to have broken the 1.3600 mark as well. I'll watch it closely and pick my exit point....

EURUSD

Why? Do you have insider information on the NFP #s tomorrow? : Seems to be holding at the key 1.3550 level to me....

EURUSD

What happens if, since the US #s are supposed to be bad, there is instead a positive surprise, just as we saw with some of the US data this morning which caused this spike down in the first place? If people are expecting lower numbers, 2 things ...

Cable Update (GBPUSD)

When it comes to NFP, stops don't always get filled if they get blown past...

EURUSD

For the sake of my long position I hope you are correct!

EURUSD

I actually just took a long position, but I see it as a bit risky what with the NFP report coming out tomorrow. The #s tomorrow morning are supposed to be weaker for the US, but if there are any positive surprises such as we saw this morning, then ...

EURUSD

Perhaps my question has already been answered. :

Cable Update (GBPUSD)

Do you think there will be any short term resistance in breaking the 2.000 barrier again? Ever since the jump this morning the pair has slowly been in a downtrend...

Cable Update (GBPUSD)

Google is your friend. You'll find all sorts of explanations with a simple search... In short though, it is when traders borrow a currency at a very low interest rate to invest it in higher yielding currencies. The idea is simply to make money off ...

Daily GBP/JPY analysis

I hear what you're saying, but timing truly is everything. It all comes down to how much of a loss you can stomach while you wait for it to come back (and it doesn't always come back, btw... : ) and also, simply, how much you are leveraged and ...

Cable Update (GBPUSD)

Thanks for the head's up - it's appreciated. 1 minute to go...

Cable Update (GBPUSD)

Makes sense, let's wait and see... Thanks.

4 Hour Strategy (MACD)