Imagine the 7 years of -'ve swap I'd be facing if I were short from 0.50 Almost as scary as the draw down

AUD/USD

No probs.

AUD/USD

Sure, dig her up. I'd like to see it. I said I want Aussie back at 0.50 because my USD assets are like a permanent short. Never said I was short from 0.50

AUD/USD

This double top is like poetry in motion.

EURUSD

Nice one ak4x I agree with the line chart on the longer TF's. Great for confirming breakouts. EU double top on the monthly is another good example. Cheers mate

Auslanco - GBP/JPY and GBP/USD (newstrade)

Three black crows on the weekly. Very rare continuation pattern.

AUD/USD

Lost 1/2 a million?? I said I was flat, i.e. no position. Man, whatever you're smoking, I want some

AUD/USD

Nice inverted hammer on the daily. If we get a daily close above the real body, a retracement may be on the cards. Keeping a close eye on gold and oil. Gold seems to be holding us down. Still short from 1.6030 BTW

EURUSD

Nope, still flat. And still want this pair down at 0.50 If I short, it will go back up BTW, I generally trade $100 per pip TYVM

AUD/USD

My bold prediction.

Cable Update (GBPUSD)

Yea, it's possible. I'd watch this resistance line to see if you get a bounce down or break back up through.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Great thread lilmoe. Will have to get back into the futures. A lot of price patterns play nicer than fx. Volume is usually the key with these babies. It's a bit hard for me to trade them as it's zzzzzz time in Aus when they're moving

Trading Futures

Target of 1.79ish if it all plays out

Auslanco - GBP/JPY and GBP/USD (newstrade)

It is subjective where the H&S neckline actually is. I like the monthly chart (last pic) which is the second weekly chart. The first weekly chart looks good too (same TL as yours). Aggressive entry could be now. Perhaps safer could be a break of ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Nice H&S pattern you have there Clouds

Auslanco - GBP/JPY and GBP/USD (newstrade)

If anyone traded the opposite of all of steelhead's calls last week, they'd be up over 1500 pips by now. Long Aussie Long EU Long AJ Long Cable

AUD/USD

OANDA is one broker that is open throughout the entire weekend. As you can see below there is no weekend gap between NY close and Aussie open.

EURUSD

Your broker obviously closed before NY session finished on Friday, mine did not. There was no activity between NY close and Aussie open... So there is no weekend gap

EURUSD

Yes, but if activity occurs from NY close on Friday to Sydney open on Monday (Sunday EST), it can be considered a gap.

EURUSD

That is right. Volume can be used effectively if your broker has many good traders. If you're using some Syrian unregulated broker with 500 clients, it would not be as reliable.

Why doesn't volume work as an indicator in Forex?