Yup. I agree. Full retracement completed in A/J. A/J is also short.

Weekly COT report Analysis + Trade Ideas

Shorted- I will keep the trade open for 2 days. Target- 1.3377 (approx 100% fib projection)

EURUSD

No 81 never touched. I am with oanda and FXCM- 75 is the high it touched. 81 was the fib minus spread as bigred said.

Cable Update (GBPUSD)

It touched 1.5575 as high. Big1red9 predicted 1.5581 as a target to short. So it almost got there.

Cable Update (GBPUSD)

Their GBP/USD trades are always a loss. 1.5410 support is already broken. We are seeing a minor pull back before fresh round of selling takes place. The collective mind of the market is bearish and 1.52 is where it is heading for.

Cable Update (GBPUSD)

End of AUS/USD longs. on daily the candle is forming a shooting star though lot of trading is left for the day. Short is the safe way to go.

AUD/USD

Great Mate. Your fib target of shorting at 1.5581 was as good as a shorting at top. I was expecting a full retracement from jan 19 high- feb 19 low. But it didnt happened and i have also shorted for 1.52- 1.5154 target in 2-3 days.

Cable Update (GBPUSD)

Fib projection- 1.5154- 1.52 in 1-3 days.

Cable Update (GBPUSD)

The trading day is not over but so far it is a hammer forming on daily candle in aud/usd. I am long since morning- Swing trading- 1-5 days holding period.

AUD/USD

I dont think 30 mins are reliable patterns when you look at weekly outlook or 1-3 days outlook.

EURUSD

Global Traders Global trading going on. Some are short, some are long

EURUSD

61.8 % + fib retracement completed. Point A- 1.3633, Point B- 1.3592 Using fib projection, we are now heading to 1.3578 and 1.3562. Daily Pivot is 1.3555.

EURUSD

I am currently in Dubai, UAE.

EURUSD

Brokers will fall under non commercial i.e large speculators

EURUSD

You up early morning? Its 6:15 a.m in Argentina. We are all global traders

EURUSD

Daily pivot- 1.3555..it should test that.

EURUSD

Yes you are right Mac. I think it is not exactly a shooting star- It is a small type of pattern forming like a shooting star but not exactly shooting star. I take it as a reversal signal. I am not taking any trade in USD/JPY as it looks to me it is ...

Daily candle chart

Hi Mac, Great analysis done by you. We are definately in a major downtrend in GBP as it has broken yearly pivot as well. But i am looking for a short countertrend trade in GBP. I am expecting a full fib retracement from jan 19 high of around 1.64 ...

Daily candle chart

lol

EURUSD

Oanda is great. I love it. But the 50:1 maximum leverage is too bad. They should let traders choose their own leverage. I can trade with 250:1 leverage and be in control of the trade.

Anyone know any good broker that allows micro lots?