Importance of watching, tracking and waiting patiently to trap the market put succinctly by James Rogers: ‘I just wait until there is money lying around the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime’ ...

Trap the Market

If we all subscribe to the FF's code of conduct for members, I think we'll all be fine.

EURUSD

NU primary direction is more likely to be south than north imho.

NZD/USD

Longs will meet barriers ahead: WP, MP and daily S/R zone.

EURUSD

Agreed, inRooz. You trade what you can afford to lose.

What Would You Do Differently Today for Better Trading Results?

Just noticed that the shooting star/bearish pin bar that formed last week on the GU weekly TF is at the MP. This is indicative of a further bearish sentiment for GU. KP

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The shooting star/bearish pin bar that formed last week on the weekly TF is at the MP; indicative of a further bearish sentiment for GU. KP

Cable Update (GBPUSD)

Equally an S/R on the 4-hour chart.

AUD/USD

Watch pa around 0.73079, the WP. KP

AUD/USD

Still bearish; EU testing a major S/R zone and the DP. KP

EURUSD

Once in a while, particularly on the daily and weekly charts, I use the 50 EMA as a tracking or confluence factor when pa gets to an important zone. This use of 50 EMA, however, is part of the tracking and watching mechanism. KP

Trap the Market

Though AU in a retracement atm, downward sentiment prevails. KP

AUD/USD

Thanks for your encouragement, bud. KP

What Would You Do Differently Today for Better Trading Results?

Understood, Cvds.

What Would You Do Differently Today for Better Trading Results?

Cvds, position sizing is important. One key factor will be the leverage; over leveraging can be disastrous. Green pips to you. KP

What Would You Do Differently Today for Better Trading Results?

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What Would You Do Differently Today for Better Trading Results?

Really?

NZD/USD

The potential for a northward EU move is high. However, 'how far will it move?' is the question. There are still some barriers to clear around first the WP (1.13400) and second the MP (1.13772). I prefer to wait and watch. KP

EURUSD

The outlook on AU is on the bull-side atm. However, a change in disposition may happen around the WP to align with the weekly potential. KP

AUD/USD