I understand a lot of traders look to buy/sell breakouts. It's important to note that most breakouts fail. They only work when the conditions are right and the professional traders have already positioned themselves ahead of time for a move higher ...

USD/JPY Discussion

The downtrend has been intact for quite sometime now. USD/JPY Daily Chart USD/JPY Weekly Chart

USD/JPY Discussion

One way we can use fundamentals to our advantage is by knowing when they will be released to the public. The news is known well in advance by the ones in control. Many times the setup is already in before the news is released to the public. The ...

EURUSD

This is some of the best advice on this forum yet. However, most will ignore or dismiss the simple truths found here.

EURUSD

Are you saying you wouldn't short if there was a sell setup and if the market started to drop? The funnymentals aren't what they seem. The market can go up or down on both good and bad news. As traders we need to be careful to not argue with the ...

EURUSD

Trends can be defined in many ways by different traders using various timeframes. This is what I am seeing on the usd/jpy weekly chart. The Recent move up has only been a small retracement of a larger downtrend since June 2007. It can still move ...

USD/JPY Discussion

Dove, What was the infraction for? I thought we were all having a good discussion about the usd/jpy and potential trade setups.

USD/JPY Discussion

Even after the correction from the drop in March, I still consider the UJ to be in a downtrend from a daily, weekly and monthly perspective. I am also short from 108.5 and would continue to trade it to the short side if the setup continues to ...

USD/JPY Discussion

Great job Greenhaze! 1.58 is a great target. I would even hold on to something for a potential move to 1.6.

EURUSD

Are you trading probabilities? Or is this a guaranteed trade? Using words like "will" in this market suggest it is written in stone. The only thing the market is guaranteed to do is go up, down, or sideways.

EURUSD

Well, it seems to be working out just fine. Trading is about probabilities, not certainties. If I recall correctly, the last person (67484) that was so certain the cable wouldn't reach 1.96 this year wanted to put his house on it. As long as there ...

EURUSD

Hi Salah, To be honest, I really don't pay attention to the news expect looking at when it's released. I believe a lot of the news is priced in and use price action to confirm my entries. If I did get wind of a comment about stopping oil production, ...

Cable Update (GBPUSD)

In my opinion, it's how traders react to the fundamentals and how the professionals use the news against you. It's not what it seems. Looking at it from a simplistic point of view, the cable dropped from 2.11-1.93 because there were more sellers ...

Cable Update (GBPUSD)

Hi Clouds, I actually, like the eur/aud to the long side at the moment. I expect it to go up before any further move lower. I would start looking to get long around 1.61-1.6050. Price is currently at 1.6118.

EURUSD

USD/CAD — I think we'll have a great short around 1.01-1.0150. The next few candles will be key in showing us how high she wants to go before correcting.

Lets talk USDCAD

GBP/USD Continuation — If the cable can break out of this range I would look for the cable to head towards 2.02-2.04 in the next few weeks.

Cable Update (GBPUSD)

Hilmiy2k, I thought we agreed not to tell them that. Let 'em sell all they want. LOL! It's good to see someone around here with a clear understanding of the market.

Cable Update (GBPUSD)