Here is a backtest for a simple EOD system which trades the daily EURUSD since inception till current on close/open prices. No compounding and a generic 10:1 leverage is applied. This simple system can trade with 3 max consecutive losers, with a ...

The DIBS Method... No Free Lunch continues

Filled last night, looks like a bout of dollar strength is on the cards. I'd be wrong back above 1.4350 at this stage imho. Last nights close wasn't extremely strong so will be watching the London open for clues as to intention of the price action.

GU, GJ and EU Analysis Thread

Longer term model showing some EUR support in action. I would be looking to place some sell stops tomorrow during Hong Kong hours with an eye to entering on a break lower. No stoploss in mind yet, I will probably wait for obvious resistance to build ...

GU, GJ and EU Analysis Thread

Hi everyone, Haven't been posting much because I have been working on a few short-term trend independent trading setups and their testing has taken some of my time. Nothing new or fancy, just tacking a few well known concepts together so we can take ...

GU, GJ and EU Analysis Thread

Evening folks! With all eyes on the JPY crosses tonight especially GBPJPY, the anniversary of last years flash crash, BoE blather, talk of the BoJs interest in the 80 handle, NFP and I notice a few key liquidity indicators are flashing red too. ...

GU, GJ and EU Analysis Thread

Not discussing rumours of intervention specifically smikester, rather data released by the BoJ themselves regarding monetary aggregates and similar. Regarding the daily trend reversing, I guess that is a matter of interpretation The entry method ...

GU, GJ and EU Analysis Thread

Good evening folks. Anyone watching the USDJPY? A few people have noticed that as of yesterday we have run a 50% retracement of the BoJ intervention from 76.5-85.5. I can't say that the chart is looking especially promising here for USDJPY bulls, ...

GU, GJ and EU Analysis Thread

Hi smikester, I will show you what I meant. Let's go back to school for a minute. You probably know this (I just threw it together in paint): image But the problem with the above, in my eyes personally, was always the time factor involved. A swing ...

GU, GJ and EU Analysis Thread

Can you show some examples? I am having trouble visualising it. To me a head and shoulders is just another way to say "trying to catch the breakout of a proposed first lower high or higher low. A-B-C up, A-B-C down. I just drew this example in paint ...

GU, GJ and EU Analysis Thread

Hi 45Condor, I do not agree that the chart you posted is of the pattern you posted. Bulkowski lays it out proper as always: url Just out of curiousity, why must they be trailed? They are, but not using any moving average or similar "derivative of ...

GU, GJ and EU Analysis Thread

Hello everyone, I thought I would join in on this lovely thread after a discussion with a friend who goes by the handle of sinner on this forum. We are two buddies from way back, he was my intro and guide into the markets a few years later. We spoke ...

GU, GJ and EU Analysis Thread

Hi guys, After looking at my long term spreadsheet last night, it appears that I am already well above target for the year. Going to take full profit on the remainder of this long at 1.6 and go flat until Jan. See you then!

Cable Update (GBPUSD)

Hi guys, hope everyone is well today and taking the good trades. A relatively strong close into the week for cable, but in my view not a lot of buying interest on Friday (probably more like month end contract settlements and similar things caused ...

Cable Update (GBPUSD)

I thought Market Profile was abandoned in the 80s when traders realised the market was non-parametric?

Cable Update (GBPUSD)

I am viewing the 50% retrace shown below and the specific high in the grey rectangle as a strong zone of interest to both bulls and bears. If we break back below it would be a seriously bearish move I feel.

Cable Update (GBPUSD)

Hey kids! Thank Goodness it's FRIDAY! As above, still long. Up, by a tiny bit more Looks like some here take more trades in a day than I blink? Paint the tape boys and girls, I've placed two orders and had one fill this week hehe. New York closed ...

Cable Update (GBPUSD)

Still holding this posture. Up, by a tiny bit. AO just doesn't want to cross down below 0, so I am happy to hold onto the long for now. Yesterdays action painted as an inside bar, which we have now broken out of to the upside. Yesterdays low is now ...

Cable Update (GBPUSD)

My view at this point is that 1.5880 is still the resistance which needs breaking for the bulls to start a stampede. New York closing tonight below 1.5775 opens the door for a large downside move (based on possible equity market correlation and USD ...

Cable Update (GBPUSD)

The triangles highlight very clear supply patterns into yesterdays close and during the earlier market hours today. The fact that we are back into these levels should give bears some pause I think. Looks like a good old fashioned short squeeze is ...

Cable Update (GBPUSD)

Hi bbmac, Great to see you in action and your thoughts while it played out. At a profit of +10, what is your cost on the trade? The best spreads I can get on GBPUSD vary between 0.3-2 pips. Assuming you fill and exit on say, a 1 pip spread with no ...

Cable Update (GBPUSD)