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SmoothTrader replied Apr 13, 2009According to the FF Calendar, it was a bank holiday all day in GB.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 13, 2009GS = Goldman Sachs (bank) GM = General Motors (auto)
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 8, 2009It is possible, but for I would like to see the right shoulder develop more symmetry with the left shoulder. Just my 2 cents.
EURUSD
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SmoothTrader replied Apr 8, 2009You can go to Forex Factories (FF) calander and you will see that the minutes were scheduled to be released at 7pm GMT. If you click on the details icon you can download the minutes of the last meeting. The minutes are important because they tend to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 8, 2009Federal Open Market Committee aka the Fed
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 8, 2009I LOVE the art work.
I guess that is what they call "scaring" the market higher. All seriousness, good chart and good observation. GREEN PIPS to AllCable Update (GBPUSD)
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SmoothTrader replied Apr 8, 2009UJ is back above the 0/8 MM line, which also happens to be that nice round number 100. Interesting to see if it holds and if it does this will help to drive GJ higher too.
Trading using Murray Maths and Price Action
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SmoothTrader replied Apr 8, 2009Broke above some fractal highs on the 5 min TF around 147.15 - 147.30 and looks like it wants to test the next MM level @ 147.66 GREEN PIPS to All
Trading using Murray Maths and Price Action
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SmoothTrader replied Apr 8, 2009Actually most P&F charts require at least three boxes for a reversal. I see that you have set your box size for approximately 30 pips. That would mean for you to change from up "boxes- X's" to down "boxes O's" the market would have to be at least ...
Point and Figure Chart Analysis for USD/JPY
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SmoothTrader replied Apr 8, 2009Looks like it wants to retest the 100 level. It will be interesting to see if it holds or if the risk aversion has abated. GREEN PIPS to All
USD/JPY Discussion
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SmoothTrader replied Apr 8, 2009Patience is a virtue. The market will go where the market wants to go (not where traders want it to) and go just as fast, or slow, as it wants to. Enjoy the ride. GREEN PIPS to ALL
USD/JPY Discussion
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SmoothTrader replied Apr 8, 2009I now see what you are looking at, but as I said the left shoulder is, by traditional definition, too small. The strongest H&S have symmetrical shoulders that span multiple bars. That is not to say that the market may not move lower, which I believe ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 8, 2009I must admit that I do not see it. Could you post your chart to show it because I am having a hard time trying to pick out a left shoulder of more than just 1 bar in size (too small but not impossible).
Auslanco - GBP/JPY and GBP/USD (newstrade)
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SmoothTrader replied Apr 7, 2009Seem to have a bit of a battle brewing here around 1.3260-70. Can't get much below it or above it for the last half hour. I guess the Bear is taking a rest and the Bull isn't awake either. Time to watch and wait for the market to tell us where it ...
EURUSD
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SmoothTrader replied Apr 7, 2009PAUSE — OK, who hit the pause button???
Actually, it looks like a bit of a retrace to see if this down thrust was serious or not.. GREEN PIPS to All.EURUSD
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SmoothTrader replied Apr 7, 2009Excellent Advice — Excellent advice as usual. When you arbitrarily give yourself a goal of a certain number of pips per day/week/month/year you are saying that you KNOW better than the market exactly what the market is going to give you. Well ...
EURUSD
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SmoothTrader replied Apr 6, 2009My gut instinct says that the 1.30 area is the best bet. This is based on the equities market giving up some of their recent gains and while they are negative the EUR has a hard time rallying. This means that the path of least resistance would be ...
EURUSD
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SmoothTrader replied Apr 6, 2009Well if his lips are moving we can be sure that he doesn't know what he is talking about.
Sad but true. I have all the confidence in the American people, it's the government that I don't trust.
Hopefully, his words will translate into ...EURUSD