Holding — For what it's worth, Euro at 1.4700 is 50% retracement of Swing Low at 1.3359 to Swing High of 1.6037. This is a a major support point and price have bounce of it, and currently Cable is holding at Weekly Support of 1.8510 area. Just ...

EURUSD

Fundamentals dont the lead the price, they lag badly just just any other indicator. The market is always looking forward into the future. Price is king as it tells you to what really is going on right now. Dont be trapped into thinking fundamentals ...

EURUSD

Anyone want to catch a falling knife?

EURUSD

Thanks Magnum, exactly what i need.

Request for Daily Range Indicator

Hi fxRichard, i think the chart on top is a longer TF chart while the one below is the shorter TF one. Reason being there are some bars with no wicks on the bottom chart. Just my guess. Cheers

Time it takes to be a Successful Forex trader

Thanks for the welcome, still working on it. Hope to do some trades next week

TradeCell's Journal

I see your point, and i share your observation about pivot points coinciding with support and resistance lines. Thanks for the great reply and for taking the time to show newbies like me about your trading style.

No Brainer Trades

Hello Billy, may i ask do you consider pivot points a good form of support and resistance, or drawing the lines on actual levels more useful and accurate.

No Brainer Trades

Mervyn King of BOE going to speak soon, causing lots of excitement for GBP

Cable Update (GBPUSD)

An inside bar is a bar which is completely within the range of the preceding bar, However i have seen in examples here either high or low can be equal to the preceding high or low. As long as it is contained within, it should be okay. Remember an ...

The DIBS Method... No Free Lunch continues