whether or not you know it, you're a trend follower...

"Scalping" in 1 day charts

Yes, check out my profile. I would start with Al Brooks. Reading Price Charts Bar By Bar: The Technical Analysis of Price Action For The Serious Trader is probably the best place to start for beginning traders.

Why it is possible to predict price movement?

Interesting thread here It is certainly possible to predict price movements (as well as direction, volatility, etc), but it is not necessarily easy, and in my opinion, you MUST have a THOROUGH understanding of the market's MICROstructure ...

Why it is possible to predict price movement?

Good question! Nothing in particular "triggered" me, other than the fact that I am a daytrader, and I'm here at my computer now, and I noticed that AUDNZD looked bullish a few hours ago, and now it looks very bearish to me. A lot can change within ...

AUDNZD

Longs closed and am now short from 1.115. Dunno how long I will hold, but I would imagine not more than a few hours, and a maximum of 1 day.

AUDNZD

Thanks, and I absolutely agree with you! I think 1.1290 is coming. However, it may take until next week to reach that level. Another 120+ pips on top of what has just happened this week would be a lot. It's certainly not impossible, though. ...

AUDNZD

Buy NOW for more fun

AUDNZD

This pair has run 150 pips in the last 12 hours. And that number may soon be 200+ pips. I'm surprised no one is talking about it! image

AUDNZD

What happened to the f*ing volume? It's acting as if there is a BoJ Bank Holiday

USD/JPY Discussion

UJ up = buy GJ at least for a nice scalp

Geppy's Geppy Thread (GBP/JPY)

rofl

USD/JPY Discussion

It's time to buy!

USD/JPY Discussion

#breakout time

USD/JPY Discussion

I would say, ~105.85 is the place to buy, as of now... if you are able to get that price!

USD/JPY Discussion

Yeah, good... nice. I would suggest holding on to the trade until AT LEAST the 4 hour time frame completes it's oscillation. ... Eventually, this thing will break 110 again, and sooner than later, at that...

USD/JPY Discussion

hey, hang in there. as long as you are willing to wait a few days, you should be ok.... i just closed out of GBP/AUD position and so gained some margin in the process, and am using that margin now to go long USD/JPY. 15m TF looks like a "rebound", ...

USD/JPY Discussion

Wow, I can't believe it, T/P (Take Profit) was just HIT. Actually, I can believe it, and am not surprised at all, but I am surprised how quickly it hit 1.92890!

GBP/AUD

yup, it does suck, but the one good thing you could count on for sure without a doubt about the bulls is: they will always come back

USD/JPY Discussion

This is an extremely ugly position for the bulls to be in, and I will probably be looking to close out of my long position soon... perhaps after the next 15m "bounce". congrats shorts, you guys are ballerz

USD/JPY Discussion

to be honest, I honest agree with you. I should probably close my recently-created-long position!!

USD/JPY Discussion