If trendlines have any significance, it looks like AN has hit the bottom. I started to position there. We’ll see how it goes.

AUD/NZD

It seems GU has gone a little squirly between the channel (or flag?). I usually don’t buy limit this early but it’s where I would position anyway ~1.3150’s.

Cable Update (GBPUSD)

It appears that this currency pairs is trying to do another pattern of the previous sequence and that is a double top and looks like it’s trying to do that again so I’m going to stay out of any kind of positions to let the PA clarify itself.

Cable Update (GBPUSD)

The GU started dropping too fast for my blood and started pooling so I decided to get out even though I know it looks like it will continue its way down. The PA is about where I got out. I should have gotten when the gap closed. Oh well... what's a ...

Cable Update (GBPUSD)

It looks like the gap will be closed soon so we can get that out of the way and continue its trend down. The daily chart is still downtrending and the 4 hour is waffling so I suspect it to go down for a little bit more, say low 1.27's. We'll see.

Cable Update (GBPUSD)

Warning... not a scalper of day trader but there is room for all kinds on this currency. Already positioned and hope it goes into the low 1.27's. Could be serious coin.

Cable Update (GBPUSD)

I would like to see it hit the low 1.27's and then if the indicators suggest it, close my shorts and start buying longs. Simplistic but fun if it works.

Cable Update (GBPUSD)

Can’t argue with that assessment.

Cable Update (GBPUSD)

As I see it, GU looks pretty good for shorting. I put in my positions and would like to see it go to around 1.2700 or there abouts, however, the market will do what it does. My approach to trading, I just learned in positioning, is called 'weighted ...

Cable Update (GBPUSD)

Thanks Nefser for your input. "Weighted stack averaging" sounds pretty fancy for what I call averaging my positions. I think I might start using it in the future. Trend trading can't get more simple than one trading or positioning with the trend. If ...

Trend Trading

Well apparently Wall Street wasn't disappointed so not much happened. My guess the dollar will strengthen a bit but generally, the fluctuation will continue as it always does. We survived!

US Midterms - How will it affect the FX markets?

So what I surmised was actually correct. What steered me wrong was you titled of this thread as Trend Trader which, in a way, suggested that input was desired on the subject of trend trading. I now realize that this is a classroom where you the ...

Trend Trading

Most brokers, regardless the number of positions, when you hit the 25% threshold, they close everything. Forex.com (Gain Capitol) doesn't do that. They go by the FIFO ruling where the first position hits 25%, only that position closes out. Of course ...

Trend Trading

Most brokers, regardless the number of positions, when you hit the 25% threshhold, they close everything. Forex.com (Gain Capitol) doesn't do that. They go by the FIFO ruling where the first position hits 25%, only that position closes out. Of ...

Trend Trading

I average against me so the cumulative average is, for a short, being set higher. My stop loss is an alarm when an individual position get to a certain loss level. I close then reposition it at a higher level. As I do this you will notice that the ...

Trend Trading

This may be my last post here not because I'm not offended or anything; it just may not be a good fit or right fit. I'm getting the sense that the discussion here is based more on generic principles of trading in the trend and perhaps, I'm being too ...

Trend Trading

I agree with you to a degree in that small business is truly the backbone of American economics. The Obama years were bland at best and the only way the Dow Jones ticked up was the free money the Feds were giving the Wall Street brokers. The stocks ...

US Midterms - How will it affect the FX markets?

I'm getting heavily positioned on shorting the GU but wasn't until I woke up this morning and considered what effect the midterms would have on my ongoing positions. So far, it has PA wise, gone against me, however, I view that as just more ...

US Midterms - How will it affect the FX markets?

I don't know what you mean by predictive since the second you do a buy or sell you are predicting a certain outcome--up or down. I use indicators that, at most, can only suggest things like momentum, volume, trending, etc. A downtrend line is ...

Trend Trading

I've heard more than 1 professional trader say that the 50 SMA line is the buy and sell line. Ok, there is a lot to say about it so I keep it in the back of my mind just like I do the 89 SMA can be a strong S/R. That happens enough that I keep a eye ...

Trend Trading