It finally hit the trendline so I was able get a few more positions. It may be a good run up to 148.00. We’ll see.

GBP/JPY

I did close on a 100 pip move. Now I’m waiting for the PA to drop to around 145.50 which is close to the trendline. See what happens.

GBP/JPY

i probably positioned too early--a common problem of mine--for the daily because the trendlines indicate that it could go almost to 145.00. The 4 Hour however, shows a turnaround already so if it goes up beyond 40 pips, I'll probably cash in and ...

GBP/JPY

It seems like a setup for an upturn is getting established in the 4 Hour chart. I use a Heiken Ashi bars to smooth out the PA and for simplicity, I use a line graph for the PA. This is a counter trend trade since the Daily chart is at a slight ...

GBP/JPY

Got out too soon. It was all set up for a downhill slide... Oh well. Hopefully it will rebound so I can set up for a short again.

GBP/JPY

I should survive it. This is not a matter of bad positioning--which I have done before and broke even--but rather, a pip size error--my fault. I'll probably get out with a break even or minimal loss. If it weren't for the pip size mistake, I would ...

EURUSD only

A lot of great responses from both sides of the argument and the pond. Got myself in a bind so am hoping it goes down... SOON!

EURUSD only

Although interesting charts this forecasting is academic because when the tax cut comes (U.S.) before the year is out, it will suck out a huge amount of U.S. dollars that is currently hidden away in Europe and Asia. Those dollars will find their way ...

EURUSD only

If channels mean anything, EU has pretty much peaked and should be heading down sometime this week or next. I don't see why it would be continuing the uptrend since the EU is known for its channeling so this should be somewhat predictable. If it ...

EURUSD only

All I can tell you is that have fun doing an accurate analysis presented with mathematical justification. The Binomial Theorem was brought about in dealing with the probabilities of gambling. All I can tell you is that when the market is up it, will ...

EURUSD

I love the high energy that many of you put into your posts. Since most of you are short term traders, I wish you the best. You are like riding the waves on the shores of Australia. I'm a little more out to sea where, for the most part, the waves ...

EURUSD only

Got some of my shorts in a little early but I'll just keep shorting around the 1.1730 area to make up for it. EU seems to be channel driven to a strong degree on the daily chart.

EURUSD only

I have been with forex.com for almost ten years and never had a problem with them at all. Slippage is virtually non-existent with forex.com and their response is extremely fast. My experience says they are top of the line.

EURUSD only

If there is a bias in this currency pair it has been to the upside; at least that's what I have observed. Until I see the 200 SMA point down, the trend is still overall up as far as I'm concerned. I would at least like to see it in the 1.1700's ...

EURUSD

Welcome... I'm sure there are a lot of best brokers but the one I use and am happy with is forex.com) Gain Capitol.

EURUSD only

Does it matter? The 38.2 and the 61.8 are equidistant to the 50%.

EURUSD

I find your observation quite interesting. I'll give my two cents based on your observation. I been at this going for quite a few years and the money I lost I view as tuition in learning how the game works. This is my first year that most of my ...

EURUSD

I believe that is what I said as well--certainly implied. Good luck!

EURUSD only

I'm not sure what it is you are trying to tell me but I thank you for the response. Let me add a little of my reasoning in how I trade. Since we all have differing criteria for our trades, it may seem implausible to fit my strategy to coincide with ...

EURUSD only

Got in a short at 1.1682. I'm using that position for a marker pivot. I expect it to end in the low 1.1700's positioning as I go. The 89 SMA is around 1.1730 is where I would like to see the PA reach for a turnaround into the 1.1500's which is at ...

EURUSD only