I just wanted to extend my thanks once again DRT - your time and effort in helping people out and providing this information is very much appreciated. I have subscribed to all of your threads and enjoy reading your updates and following along. I am ...

USD/CHF

You read my mind - I'm watching this one too. Could there be a rounding top on the USDJPY as well? It's not quite as "pretty" and not fully formed yet, but....

4 Hour Strategy (MACD)

Interesting that you cite 2407 as a point of interest - 2427 is actually the 89 day moving average and would definitely be a key support/resistance level. So from both a technical perspective and a "river" perspective you appear to be right on the ...

USD/CHF

Thank You — I could have said this in any of your threads DownRiverTrader, but I thought this was as good a place as any. Thank you for all your contributions so far. I, like you, try to use intuition and instinct in everything that I do, and ...

Lets talk USDCAD

Yeah yeah, just having some fun.

Strategy for news trading

Haha, I think that's probably the case for a lot of trading methods...

Strategy for news trading

Thank you.

Cable Update (GBPUSD)

Ah, I understand now, thanks for the clarification. I'm still pretty new to all of this.

Strategy for news trading

Exactly - what happens when a report deviates significantly from what it was expected to be and the currency pair drops 30 pips instantly, if not more?

Strategy for news trading

What is bph7?

Cable Update (GBPUSD)

No problem, just trying to take a logical approach - one can't get too emotional when it comes to trading or else bad things will happen. And hindsight is always 20/20. Perhaps the PPI #s will be horrible tomorrow and your plan would work - but ...

Cable Update (GBPUSD)

It's really tough to say - if the news reports come out with a positive surprise you could get screwed... all depends on your risk tolerance I guess. There's a chance for a big gain, but also a big loss with that strategy.

Cable Update (GBPUSD)

That's all quite correct. I'll be trading the news as a result tomorrow morning to see if I can grab a few pips in a few seconds and get out! Past that though, and looking longer term, it may trigger a trend/reversal as a result, we'll just have ...

Cable Update (GBPUSD)

Thanks, good to know I'm not completely out to lunch... As I said, I might enter with a small lot as a test and will keep your quoted price targets in mind. Thanks.

4 Hour Strategy (MACD)

Thanks - are you actually in this trade yourself then or is that just what others have been saying? If it's the former, what are your entry and TP points? I am thinking of entering a short position with a small lot... perhaps I will wait for the ...

4 Hour Strategy (MACD)

Sure, no problem. I'm very new to this, so please tell me if I'm simply wrong, but I think the AUDUSD might fall for the following reasons: - peak followed by a lower high on the MACD (trending lower?) - reports that carry trades on the AUDJPY might ...

4 Hour Strategy (MACD)

Haha, I suppose so!

4 Hour Strategy (MACD)

Interesting concept. I am very familiar with seasonality in the stock market world (my area of expertise) but being that I am very new to the forex world, I don't know if this would be the case or not. An intriguing thought nonetheless...

4 Hour Strategy (MACD)

Yeah, but the news reports have had a tendency to be off lately... I wouldn't set my watch by them...

4 Hour Strategy (MACD)

Oh, okay, I understand. I quickly looked at the chart and it's touching those higher bands, so I thought it might be possibly setting itself up for a correction... Also, rumor has it some of the AUDJPY carry trades might start unwinding, and if this ...

Trading with Method BB