Well Said — Yes that is the whole reason for this thread. That is the only reason for this thread. That is the thread.

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www.ifrmarkets.com If you use Oanda they provide access for free through their trading platform. FXCM uses IFR for the bulk of their analysis as well. Or you can subscribe to IFR directly, or so I'm told. Be warned, news is just a tool and is not ...

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I never stopped — That's the problem with trends, by the time we agree they are trends, it is often over. I tend to leave 10% running long term. That was my New Years resolution this year. I am still selling rallies but I am watching closely ...

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August Update — USDCHF has seen the upside I was expecting. More upside awaits above 1.0620 with a pullback back down to the 1.0558 and 1.0506 areas a likely play to go long should prices hang out here for the day. EURUSD continues it’s ...

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EURUSD — Just bought the Euro @ 1.5468

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GBPUSD — Price hit 81 on my platform earlier and fell. I was chatting with Mary Pippins earlier (Billy Ray is getting some much needed rest tonight) and we were saying how the 80 area was a good area for a pullback to get with the present ...

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GU — I took half off at + 30. Stop at Break even. Leaving half open since we are in the 76.4 fib of the last wave up, just in case I catch a bottom here. I love a free trade.

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Call me nuts — I bought the GBPUSD at 1.9535

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EURJPY — I'm not too interested in this pair right now. I would be more interested in it back near 169 and higher where I would look for opportunities to sell

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Oh yes! — Let the games begin! video

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Excellent Questions — I looks to me that you have already received very good advice from others here, CindyXXXXX. Just remember, if it was resistance on the way up, then expect it to be support on the way down and vice versa. I agree with ...

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I remember it like it was yesterday — It all started here. url Don't worry there's plenty of info to trade on here as well as the occassional product validation.

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aha! — See, I knew it wasn't all hype!

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Welcome to August — Well, here we are, the month of August. This could be the single most dangerous month in the whole year for currency trading. Thin markets = violent swings across the board. Doubt what I say? By all means look at the past ...

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When to trade? — I hear this question asked alot in the thread. Since I live in the US I wish the answer was different but here it is. There are three time frames I have found good to trade and they are London, London and London. London (along ...

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What is a wick? — This should help. Wicks are also referred to as shadows. url

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Not sure I follow your thoughts — Wicks definately equal weakness. If you are comparing traders to fisherman who are looking for a good place to fish then yes that would be it.

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No not exactly — The wicks are the give away. If you study closely you will see how they often line up opposite the next move

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Not bad Lou — You are on the right track for sure (though I never bet the farm on diagonal trendlines by themselves) Price Action is the key and what I am looking at on the chart are the wicks. (I will try to post larger charts in the ...

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POP QUIZ — Does anyone see something in the chart below BESIDES S&R levels that would have given you most of the profit to be had. Up front I will say that it is always easier to spot things after the fact but it is possible to do in the heat ...

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