I still have a short position and I don't think I will close it before USD/CAD reaches 1.2900.

USD/CAD

I have a long position for now and its target is at 107.00. If it breaks above that level I will consider opening more longs.

USD/JPY Discussion

Recently I learned that I need to have more confidence in my own analysis skills. I did not follow my own analysis and I made a mistake. That should never happen again.

What Would You Do Differently Today for Better Trading Results?

The Belize regulator IFSC issued a warning against the binary options broker YieldOptions for faking a license issued in Belize and Samoa. The entity claims to hold a trading in financial and commodity-based derivative instruments and other ...

Show me a scam broker

I agree, setting up a stop loss is one of the best ways to manage your risk and control your trading under all circumstances.

Trading without a stop loss!

The BoC rate decision announcement today caused a 100 pips drop and USD/CAD is back to testing 1.2950. I think that if there's a breakout below that level it will continue dropping towards 1.2900 - 1.2870.

USD/CAD

I have a short position as well, my target is 0.8400, but I think it will likely drop below that level.

EUR/GBP - What a great pair to trade!

I am the same. I don't follow the rhetoric very closely, I am mostly interested in the exact data released and its consequences because high impact news events like this tend to be very good at ending range, then I too wait for a good opportunity ...

USD/CAD

I agree. I hope that the US change in Non-farm Payrolls later today will bring some clarity to the situation.

USD/CAD

I am not seeing any long-term signals that it is about to start climbing, to be honest, not even on the weekly or the monthly time frames. Even yesterday's long position, as short-term as it was, was a mistake.

USD/CAD

Considering the hammer candlestick on the daily time frame above 130.60 I too think it will start moving up.

Dragon Riders GBP/JPY

I don't think people are stopping at time frames, this is simply the topic of this thread. It certainly does not limit us to discuss other charts and trading approaches as well.

which time frames to use

The Foreign Exchange Professionals Association in the USA also issued a statement commending the Forex industry for its conduct before and during the Brexit shock and its preparations, which resulted in the relatively smooth functioning of the ...

BREXIT Leverage and Margin changes

The best traders have no ego. You have to swallow your pride and get out of the losses.

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I prefer short-term positions as well. I have a long position at the moment, considering that the pair has formed a new high above 1.3050 and I think the next target will be 1.3080 - 1.3090.

USD/CAD

I admit I wasn't expecting this move to the upside today, nor did I see any signals for it before it started. The only indication was that it was struggling to break below 1.2850. Now the question is how much higher it will climb.The first target is ...

USD/CAD

I think there should be a drop, but the pair is still very bullish and at the moment I am not seeing a signal for a move to the downside. It might climb a little higher before it starts falling.

AUD/USD

That wasn't the end of the move the downside, thankfully, because the pair found resistance at 1.3015, which is the middle line of the Bollinger Bands indicator on the four-hour time frame and started falling again. For the moment it's testing the ...

USD/CAD

I am looking at the four-hour time frame and I am questioning whether that was the end of the move to the downside. The pair reached 1.2830, formed a doji and a hammer candlestick above the support there and is now moving up again. I expected a ...

USD/CAD

If you cannot control your emotions, you cannot control your money - Warren Buffett.

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