Trading made simple....scalp the cme futures open of FX 720AM CST, openings are statistically the easiest time to trade.

Trading Made Simple

Thank you for the warm welcome, I will check out the Emm method, What or who is Big E and can you give me a link ?

Trading Made Simple

Right but thursday's close was at a new closing low, maybe a slight retracement monday but not much, it should be a down week.

USD/JPY Discussion

I don't think it will happen before a test of the recent lows at the lower bollinger band.

The Club!

the 7 simple moving average.

Cable Update (GBPUSD)

It is simple, if you think about it it's a minimum of 50/50 with no analysis, because it can only go up or down, with good analysis it is much more.

Trading Made Simple

At least the 7 sma.

Cable Update (GBPUSD)

Actually if you think about the odds are 50/50 , ( a coin flip) since it can only go up or down and with some good analysis the odds should be even better.

I plan to quit forex!

I say with lower high thursday and a doji bar to boot its going to test its lower bollinger band, currently at 1212.

The Club!

You call this trading made simple ?

Trading Made Simple

Yes, I am familiar with price riding the bollinger band, however gold has been going sideways for over 2 weeks, with daily doji bar and a lower high on thursday and a down.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Might be a different contract month ?

Sugar trading

Yes, with sl at highs + spread + 1 at 1.67% risk, especially with the daily doji bar.

Cable Update (GBPUSD)

My best educated guess on USD/CHF is that it will retrace to its daily 7 sma next week before resuming its downtrend.

USD/CHF

I think NZD/USD is going to test its daily 7 sma and go up from there, I expect it to test is weekly 200 sma in the coming months, currently at 0.7785.

NZD/USD

I think the Euro is going to retrace next week since it closed inside its upper bollinger band and therefore the dollar increase and therefore gold down to its daily lower bollinger band.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I think USD/JPY is going to go down next week. It closed at new low on Friday, after consolidating for over a month.

USD/JPY Discussion

I think EUR/GBP is going to retrace next week, it is up against its weekly 200 sma and a double top on the daily chart.

EUR/GBP - What a great pair to trade!

My guess is that USD/CAD is heading to its weekly 200 sma currently around 1.14 and climbing.

USD/CAD

My 2 cents is that the Euro is going to retrace next week, since it closed inside its upper bollinger band, and if it does means dollar up and probably cable down too.

Cable Update (GBPUSD)