I think some can be clear but I personally believe that us as traders have to just 'do our best' to determine where these levels are. Nobody tells us, the same way nobody tells us which way price is going to go and at what time. We have to just do ...

Trading consistently for profits

@NaughtyPip Yes I definitely agree with you on that. Price never goes in one direction constantly, so eventually it will always reach another supply zone higher up.

Trading consistently for profits

EUR/USD has been a steal recently, only thing is that QE was priced in WAY before it was actually announced, so I'm more cautious now. I think consistent weak data is still giving EUR/USD room to move to the downside. The biggest move down should ...

Trading consistently for profits

Supply and demand zones fail to hold price because it's a market that isn't based purely off of supply and demand zones. If it were, the market would constantly range between one supply zone and one demand zone. They don't hold because when price ...

Trading consistently for profits

@Pinktrade This looks set to be a great thread. I for one am in complete agreement with you, it is always trying to reach equilibrium but based on the current fundamental state of each economy. Which is why you have trending and ranging market ...

Trading consistently for profits

hi, Definitely love to get involved in this thread. What's your method for news trading? I personally take a view on what is expected to come out, and take a direction based on that. Don't look for many pips, say 30/40, but that's good enough for me

Reactionary News Traders Forum

It's a great thread you guys have got going on here. I personally take day trades and look for say 30-40 pips. Direction is based on the market sentiment which i base off fundamentals. I use two types of entries. First is support and resistance ...

Does timing of entry really matter, or just direction?

@Verv Ah I see, you basically look for that break of support or resistance then. To be honest, it's something ive never tried. How's it been going for you? Sounds extremely logical.

Fundamental Trading with a Directional Bias

@Verv What do you mean by You only sell when price is down and vice versa? Also when fundamental analysis is wrong? I actually suffered a loss today. Sold Cable too early and then got in again 1.5100. Larger position, closed both out for a small ...

Fundamental Trading with a Directional Bias

Probably almost perfect entry...

Cable Update (GBPUSD)

Here's my take on Cable... image We have some GDP data coming tomorrow, forecast to be negative so a bearish sentiment. Coming up to some more resistance levels and a trendline from 4H candle. As you can see, already short with 1 lot and an order ...

Cable Update (GBPUSD)

Tuesday's Data - GBP/JPY I thought I'd post this chart of the Pound Yen because we're heading up to some nice resistance levels ahead of that positive data for the pound. image As we can see, this looks to be a great area to get a sell order in. ...

Fundamental Trading with a Directional Bias

@Verv Yes, good points, I agree. Going to sell into those resistance areas and see where we end up when the markets open later. Have a great week!

Fundamental Trading with a Directional Bias

Sunday again, so here's my outlook for the week ahead. Last week was a great week with the ECB decision, so let's hope we can pull some pips out of the market this week too. Monday 26 January 2015 No trades to speak of on Monday, no news out, so no ...

Fundamental Trading with a Directional Bias

@Verv Agree with those points you've posted too. I really do believe, and it continues to work for me, that the direction is clear. Forex is a game of anticipation. Being confident in what you're saying isn't being a know it all. Maybe we just look ...

Fundamental Trading with a Directional Bias

@Federicoo Thanks for the kind words. Yes it will help. I'll start by saying that we trade either at London open of at a previous support or resistance level. I favour the London open. As for TP, I prefer to be in and out. 20-40 pips. A lot of the ...

Fundamental Trading with a Directional Bias

@verv I'm in front of a computer now so I can more easily reply. Central banks are going to have such an effect, it's how people with the most money trade and what they look for. Most people here on FF, not to be funny, but they solely rely on ...

Fundamental Trading with a Directional Bias

I haven't read the TOS of my broker, and I doubt most people have, but I would guess that there is a clause which states they cannot guarantee filling your order (whether it be a market, pending, stop loss or take profit) at the price you see on the ...

IC Markets margin call

Unfortunately in many cases a stop wouldn't have worked either. And again, unfortunately, this is just one of those things that happens. Even us keeping up with the fundamentals didn't expect this... It's like a business, if you rely on one place of ...

The CHF tsunami - 15 January 2015