Weekly 100sma was hit yesterday - potentially very strong support, so could continue rallying from here.....

Dragon Riders GBP/JPY

One definitely can. The high failure rate is because most aspiring traders completely underestimate the skills required to make a living from this business. They set out trying to make money ahead of actually learning how to trade, and making money ...

Dax - Daily analysis and Discussion

My other great love in life besides trading - cycling. One of the greatest stages in the history of Grand Tour cycling took place today, with Chris Froome, in an all or nothing solo attack 70kms from the finish, blitzing the remainder of the field ...

Dax - Daily analysis and Discussion

Me too, that's it for the week. Off to watch the Giro d'Italia, far more exciting than candlesticks! Froome out in front going for glory, and Yates totally blown!! Till next week!!

Dax - Daily analysis and Discussion

Anyone currently short on Dax, I have 876 as a potentially strong support level...in fact it has been hit as I type and is reacting. ps..why? 61.8% fib retrace from yesterday's low to today's high.

Dax - Daily analysis and Discussion

No probs...always happy to help if I can. I tend not to post charts anymore for the reason that we all have a different way of viewing the market, and what I see is not necessarily what others see and vice-versa. I find that with time, one ...

Dax - Daily analysis and Discussion

H6 was really strong. draw a line from the high on May 11th, to the high on the 22nd when it hit 13,200, and compare it to the MACD ribbon 12/26/9 configuration, and you'll see MACD was way lower. When the price is struggling to get higher and being ...

Dax - Daily analysis and Discussion

Hi Bitcoiners, Quick post. BTC looks like it may be in big trouble again. The Daily chart looks set for another push down, maybe to as low as $4000.

Is Bitcoin about to crash?

As I always try to do dline, I hold winning trades according to their potential. I had been expecting a big fall, one only has to look at the pa running into Tuesday - pushing higher, yet being held more or less by my resistance levels, whilst all ...

Dax - Daily analysis and Discussion

All of May's gains wiped out in two days - BANG!! Hope a few of you were watching that resistance level posted above. Dax has just hit the Daily 200sma, which so far, the price is reacting off. Temporary end of day pullback, or turn around? We shall ...

Dax - Daily analysis and Discussion

I'm not sure what you are looking for, but if you are looking for a strategy that is going to make you money, then you are going to be looking for a very long time. In short - they don't exist. I won't say too much because I don't want to to sound ...

Are there any good YouTube videos about trading?

You've been an ff member for nearly ten years, so I assume you've been trading for at least that amount of time. This means that provided you have been working at improving your knowledge of the markets all this time, you should by now have enough ...

(binned per thread starter’s request) Whats really needed to make

I agree dline, technically Dax has played by the rules so far today.

Dax - Daily analysis and Discussion

No, it's not. In fact, my weekly chart has Dax possibly rising to around 460, so we'll see.

Dax - Daily analysis and Discussion

As I said in my first post today, there are plenty of bulls waiting to ramp Dax up again once it falls a bit....this is a familiar pattern since the beginning of April. R1 where it is right now @ 176 is the resistance right now, and it may not get ...

Dax - Daily analysis and Discussion

So as I said, S3 which I have at 057 should be a strong support level, so anywhere from where we are right now really, may bring bulls back in, perhaps back up towards CP @ 147. If S3 is reached and breaks, then the H2 100sma running up at 038 ...

Dax - Daily analysis and Discussion

yup, usually when it spikes one way at the Frankfurt open, trade it the other. That resistance I referred to yesterday has held and I don't expect higher than yesterday;s high on Dax today, so it's just a question of how low we go if it is a good ...

Dax - Daily analysis and Discussion

That resistance held well. Dax could fall quite a long way from here, but it should rally again before it does, giving another chance to short it provided it doesn't break higher, which it doesn't look like doing if today's H2 chart is anything to ...

Dax - Daily analysis and Discussion