Well, it's not my bounce it is just price action which is out of my control. Sounds like you are an MMA fighter "taking price down" to the mat for submission to your will. I wonder if price will "tap out" when it gives in to your strangle ...

USD/JPY Discussion

Thanks! Nothing complex just the Fibonacci retracement and the Relative Strength Index (RSI), and of course pivot points The trend lines and channels are just hand drawn, not random, but no set in stone, certainly subjective on my part. I am looking ...

USD/JPY Discussion

High probability for a bounce. Let the trade come to you. Long @122.85 looking for a bounce to 123.35 with tight SL @122.70 RR a shade better than 3:1 Monthly Pivot - 122.91 Daily S2 - 122.81 50%FIB - 122.84 TL 4H RSI below 20 Daily RSI Below 30 ...

USD/JPY Discussion

Agree to disagree then. Same scenario as last time....price trading right into the top of the descending trend line and 200MA. The bargain is on the bottom of the triangle, not the top

AUD/USD

Have confidence

EUR/JPY

I agree that the potential is likely to the upside, just would rather be on the sideline for now

AUD/USD

Or at least wait for a break up through the descending triangle and 200MA on the 4H, otherwise I wouldn't be jumping on the buy bandwagon just yet. See unsophisticated chart below

AUD/USD

So if 77 was a bargain (of course that was the beginning of a 500 pip drop), then I guess now is the buying deal of the century? Sell the rallies until there is a clear reversal in trend

AUD/USD

Wow......270 lots!!! Must be the new long indicator

AUD/USD

For bigger accounts, maybe not a bad idea but the weekly Doji suggests that big money might not be ready just yet. IMO, the main two issues as you would expect are China and commodity prices, gold in particular. The recent Chinese stock market ...

AUD/USD

73?? I am assuming you are joking. IMHO, 73 is a long way down the road, maybe sometime in 2016. I say we see 60-61 before the end of this year but then again I say a lot of stupid stuff

NZD/USD

MM's transcend time and space, that is the universal chart

NZD/USD

MM's pushing that rock uphill breaking the will and the stops of the retail shorties and maybe even getting them to switch to team bull just in time for the big money to get short and let that rock start rolling down hill. Team Asia passing the ...

NZD/USD

I was being sarcastic, as expected, basically a non event, just an opportunity for MM's to wipe out some stops.

NZD/USD

Sometimes I wonder why the FOMC is considered a big mover these days.

NZD/USD

Agree, the bigger margin is tough on smaller accounts but certainly seems to have great potential

NZD/USD