Yea mate, both ways when it's sideways chop. Flirting with danger when the market is moving and trading against the trend. Divergence is still a good method to use in a trend to find the end of retracements and a change in the trend. Divergence is ...

USD/JPY Discussion

Yea mate, depends on the range as to how many pips. Today was a terribly small range (5-15 pips). I use divergence signals on the 1 min and tick charts to enter and an opposite divergence signal to exit. Works extremely well on a sideways range. MT4 ...

USD/JPY Discussion

Yea mate USD/JPY and EUR/USD are good because of the low spread. I'll only do it when the market is twiddling thumbs.

USD/JPY Discussion

url

EURUSD

Steelo, you poor sod, even PA is based of past prices. If you were able to accurately look "beyond price" as you put it, you surely wouldn't be skanking around here dissing other people about their trading techniques while offering utter BS advice ...

USD/JPY Discussion

Full-time trader? image You've contributed nothing but useless BS to this forum. How about you prove that you're really a full-time trader by providing newbies with info they can learn from? People can study charts till the cows come home ...

USD/JPY Discussion

Buyers failed to push the price through support turned resistance, even with bad consumer confidence figures. I don't think we'll see too much action until FOMC.

EURUSD

Even PA is based on the past, it does not tell you the future (everyone would be billionaires if it did). It does tell you the general market sentiment here and now which is what makes it so powerful. Indicators also measure market sentiment, just ...

USD/JPY Discussion

It's looking that way. Price is still making HH/HL on the 4hr, bullish divergence on the daily and hidden bullish divergence on the 4 hr. scyang, weekly support is now creeping up to 1.5320, it was 1.50 two months ago. Rate hike may be semi-priced ...

EURUSD

Indicators are useless if you don't understand what they're measuring...

USD/JPY Discussion

It sure does work, for me anyway. It solved my biggest problem with "over trading". I've narrowed the losses down to a bare minimum and my equity is still working for me when it's just sitting there doing nothing. And spider, inflation is not a ...

what's the purpose of an account, anyway?

Dude, for all you know, tdion has a similar set-up to mine. 100% of his broker account may be a piece of fly shit in comparison to his total trading capital reserve. I agree with what you're saying in principal, but there's more than one way to skin ...

what's the purpose of an account, anyway?

I risk 50% all the time, I'm not homeless (yet... heh). Like I said, 50% of my broker equity is 0.1% of my trading capital. So I can afford to have 1,000 losses before milking it all. Point I'm making is that not all people have all of their eggs in ...

what's the purpose of an account, anyway?

Like it or not, forex is purely fundamental. It all boils down to the economics and monetary policies of one currency versus the other. TA is the art of identifying crowd behaviour whom are reacting to the fundamentals. TA is therefore a fancy term ...

EURUSD

Savings accounts, term deposits and property. Last house I bought shot up over 20% in 12 months. The house I live in has more than doubled in 4 years (bought 370, now worth 800+). Property bubble is generally a sham, prices may drop short term, but ...

Are you hedging your risks?

Here in Australia, it's actually 8.7% now I see I have two bank accounts, one with NAB (pays 7.1%) and the other with Suncorp (pays 8.7%). Forgot to mention, doing it this way, I've solved my "over-trading" problem. I don't want to pay broker ...

what's the purpose of an account, anyway?

Yep agreed mike, most of the time I'm waiting for the price to come to me.

Where are you spending your Forex time?

I am along the same lines tdion. Most of my trading capital is in the bank earning 8% interest p/a. Don't trust my cash with a broker, insolvency could be a killer. I'll usually risk 50% of my broker account each trade (other 50% is there for other ...

what's the purpose of an account, anyway?

Maybe 5540 first, then back up to 57 + Looking to re-enter long at 5540 support if it holds

EURUSD

By the looks of things, that's already been priced in too. I doubt the Irish and their no Euro is going to make much difference long term. Euro's done pretty well without them so far.

EURUSD