Yup, also notice cable could be hitting a monthly LTL at about 1.9 and EG is dropping. EU should go another 250 pips at least as we know.. So it looks good. I actually think I will enter the trade indeed with an sl at 210.9, tp half right below 213 ...

GBPJPY scalpers

Hi GJ dudes, I was looking at the chart of your baby here and also at cable and UJ and EG and EU of course. Anyway.. GJ looks to have made a nice higher low here, following the LTL it established on daily. What are your opinions on a long now ? ...

GBPJPY scalpers

Hi GJ dudes, I was looking at the chart of your baby here and also at cable and UJ and EG and EU of course. Anyway.. GJ looks to have made a nice higher low here, following the LTL it established on daily. What are your opinions on a long now ? ...

GBPJPY - Daily Chart

Hi GJ dudes, I was looking at the chart of your baby here and also at cable and UJ and EG and EU of course. Anyway.. GJ looks to have made a nice higher low here, following the LTL it established on daily. What are your opinions on a long now ? ...

Breeze....Update on GBP/JPY

Well, EU DID move JUST DOWN and waaaay down in the past week. So Acumen is just stating a fact. Even on Friday it didn't manage a higher low at the end, as probably most people with most money just see it go down further. Having said that, the same ...

EURUSD

No. Ignoring fundumentals is plain.. not smart, in my opinion. Unless you're trading 5m charts and below and there are no annoucement soon after or before . Inspecting fundumentals for the next few days can help you in predicting market behaviour ...

can a person totally ignore fundamentals?

Hi 4xq, Good stuff. I'm testing something partialy similar with a collection of mas (not a whole rainbow) and on higher tfs 5m-1h. What I would suggest to you is to use a better r:r, 1:1 should do the job. Basicly the main edge this stuff gives you ...

Scalping the Rainbow

Lol that quote of mine is a bit old, in terms of time but aspecialy in terms of pips from yesterday.. But what you're saying I do agree with, I don't see this thing correcting much before it tries for 1.49, the momentum is just crazy for that, it ...

EURUSD

Value per pip * amount of pips till sl. Risk to reward is just the size of your sl to tp. As a rule of thumb try not to risk more than you expect to earn at least, for better r:r you need that most important quality for trading, in my opinion, that ...

EURUSD

Hi Ed, There are really a whole lot of possibilities. You can plan your tp and sl with a certain ratio - risk to reward, also of course taking notice of key levels of s/r and channels and round numbers, fibs or mas if you use them, and so on. You ...

EURUSD

Shadow I'm not sure those 5 pips make that big of a difference, maybe for today as a retrace base. When 1.5 was a barrier from below we could barely get above 1.49 after all. But point taken, it'll surely be another good sign.

EURUSD

Only 50 pips so far ? I guess not many people in a hurry to take profit.. All the more good sign for sailing south.

EURUSD

Channel UTL currently at 5125 and dropping at 15 pips per hour. Acumen, I really messed up today with my 53 longs, stupid :S But made it all back and then some now. Hoping for many more drops to profit from next week.

EURUSD

At least 4750 according to the double top, on this scale patterns tend to work better.. plus this unbelievable fall.. Hope to ride it heavy till then.

EURUSD

Looks like profit taking may've started from the bottom of the channel and near 1.5. Right on cue Took out my long with 30 pips and stacking shorts.

EURUSD

Closed short right on the line and entered just a small long with stop at 4977. Hope to catch some retracement as profit taking starts and stack shorts again.

EURUSD

LTL at 5010..

EURUSD

Oil prices maybe..

EURUSD

It can hit the channel low at 515 or lower long before the end of the week at this rate. I wouldn't close my shorts now unless it goes closer to 51. Edit: Finally a higher low ? Closed part short will reload soon.

EURUSD

This hour's LTL is at 5015.. Yeah, it's one of them 15 pips per hour channels.

EURUSD