Look out for a southward push to retest/fill the gap. Trade safe.

EURUSD

None on mine; check the HTFs' outlook (daily and weekly) in the current circumstance. Divergence on LTFs will not hold, at least not so soon. Trade safe.

Cable Update (GBPUSD)

Also, although its cousin, NU, is behaving like a beastly bully, its time to bully itself upwards is near its end at the next significant weekly resistance around 0.717.

AUD/USD

Imho, if you are long on AU you should be wary of the immediate significant resistance zone around 0.750 - 0.755.

AUD/USD

Not trading GU today as I have a number of positions I am monitoring. But the GU is potentially northward-moving for about 120 pips to the next resistance on the weekly chart around the 1.49 area unless fundamentals cause an upset. Trade safe. ...

Trap the Market

Good charts, about another 120 pips northwards before the next significant resistance on the weekly at 1.49'ish.

Cable Update (GBPUSD)

Keep your feet on the ground. Don't get carried away by what you have achieved this far. It will be good to stay humble and keep learning to have a consistently profitable trading edge over the market.

Cable Update (GBPUSD)

After some testing, I have now streamlined my indicators to basically an EMA and RSI.

Success Guaranteed - Simply Trade Better

Ahmed, great that you learnt that revenge trading is not good. In trading, we should expect to suffer some loses. However, learning from the losses is what will help make us better traders. Green pips to you.

What Would You Do Differently Today for Better Trading Results?

Trade safe!

What Would You Do Differently Today for Better Trading Results?

During the past weekend, I was reflecting on the most important thing I learnt recently. It was surprisingly a simple thing: Once you develop a functional trading system, much of what is required for successful trading is about discipline. You ...

What Would You Do Differently Today for Better Trading Results?

Potentially difficult to go far northward. A retest of the immediate daily resistance zone which is confluent with a 4-h resistance zone may open the way for a northward move; otherwise a bearish move to fill the gap may be in the cards.

Cable Update (GBPUSD)

Do you mean on the day of the referendum as the MAs are dynamic and have no fixed price levels?

Cable Update (GBPUSD)

Note also that the zone is a daily S/R zone. Thus, if a 4-H bullish candle forms in the zone, we may have a role flip and potential for a bullish trade.

Trap the Market

Current USDCAD price action can be interesting. If a bearish rejection candle forms at the monthly pivot, that should be a significant signal for a bearish trade. That location is also in confluence with the 50 Fib level. Trade safe. image

Trap the Market

In building a profitable trading edge, does it matter which type of trade order you use? Which order type would you prefer- market execution, stop order or limit order?

Trap the Market

Having a profitable trading edge does not mean that you can't have some losing streaks. How your trades pan out overall over a long period of trading is the issue. The ultimate goal is to have an edge that makes you consistently profitable even when ...

What Would You Do Differently Today for Better Trading Results?

Does having a profitable trading edge over the market mean that a trader will not experience some losing streaks? If you were to apply what you learnt recently for better trading, which aspects of your trading would you focus upon?

What Would You Do Differently Today for Better Trading Results?