True, Gimp. I'm just betting it won't head back. Small bets. ;-)

Daily Cable Analysis

USd/JPY looks like an easy short from here as well.

Daily Cable Analysis

I see growing bull strength from here, especially over 35. Yesterday was an easy long up to R3. Hopefully more of the same later tonight and tomorrow to the upside. Otherwise, got a stop under the double-00s just in case.

Daily Cable Analysis

Huh? I didn't understand a word of that, Mob. ;-)

Daily Cable Analysis

Two days is the beginning of a trend, especially when there are broken trendlines, divergence, price below major MAs on mult TFs, strong and long bear candles, etc. But you never where these things will end. I think I'll take profit at 9550. Should ...

Daily Cable Analysis

End these charades, I mean. GBP is bear-a-licious.

Daily Cable Analysis

Good luck with that one. It won't happen, my friend.

Daily Cable Analysis

Sweet short trade today. She's looking weeeeak.

Daily Cable Analysis

This market has short written all over it, Peeps.

Daily Cable Analysis

You shorts are nuts. Maybe for a few quick pips. But we're on the long train for a bit. Good luck, shorts. You'll need it. -Liz

Daily Cable Analysis

No offense, but I think that is exactly the wrong way to look at it. If your pip goal is 30 pips a day, and the market has only given you 15, you are apt to alter your analysis in the HOPE of gaining more pips. Vice versa, if your goal is 100 pips a ...

What is your daily pip goal?

I'm liking this thread as well. My 2 pips. I am a simple trader, utilizing trend lines and divergence. Looks to me like this up move is not nearly over. Can't say where she'll stop, as only the market knows. But I've been betting long since right ...

Daily Cable Analysis

Fx Game was down. FX Trade working fine.

OANDA Discussion

BELIEVE IT!!! Sorry, Naruto. Had to be done.

This is non-smoking thread!!

I'd say that's a pretty good written description, though on the smaller time frames I like to trade, I have to use a little more subjectivity regarding what constitutes proper connection points. After years of staring at charts, I think you just ...

Breakout Strategy - The Pro's Way

True, Micardo. Just make more when you win. OR win more times than you lose. Very simple math.

Breakout Strategy - The Pro's Way

Accrete, I meant MM. Sorry bout that one! Akuma, love the chart. That sums it up! Simple simple simple. Took me many years to come to that realization. Its almost like a life-cycle. I started out trading using just price patterns and price action, ...

Breakout Strategy - The Pro's Way

Akuma, I look for a close above or below the line on close trendline. A more conservative trader might look for a close above or below the last point which the trendline touched. I find that trendlines based on line charts seem to filter the noise a ...

Breakout Strategy - The Pro's Way

Hi, Akuma, I like to look at at divergence as a precursor to a break in the opposite direction in order to exit, perhaps on a shorter time frame than the one I based my entry on. Often, its also a handy tool for me in entries as well...but ONLY if ...

Breakout Strategy - The Pro's Way

Breakout trading is the best possilbe method for so many reasons. Firstly, you need to rid yourself of all indicators. They are useless BS. All you need to do is trade breakouts of S/R based on the time of day you are trading. That's what I've been ...

Breakout Strategy - The Pro's Way