Welcome back me... So today we have some renewed pressure on the USD. The Fed just released their FOMC Statement for June, and dropped the word “patient” in regard to future rate adjustments, stating they will act as necessary to keep inflation ...

Did anyone else get caught on GBPJPY?

NZDUSD looking very bullish to me, after rejection of key area

Hi Bill, I still believe this could be a great trade, we've clearly broke above this key area of resistance, re-tested and moved away. I think this could be a great set-up going into next week.

We have some fantastic price action on the W1 AUD/NZD cross, room to move down too. Opinions?

Sorry Bill haha, got confused there too. Yeah a couple of years ago that used to be a bad habit of mine too, over it now thankfully!

Oh definitely not Bill. I just posted here to be honest to see people's views. It's great to see the differences of opinions even though we're all looking at the same thing haha. Respect to you sir.

Hi Bill, looks like a decent setup you have there. We have had rejection off of the 7570 ish handle, a key level of support that has now turned resistance.

Short AUDUSD at 0.7485.

What's people's thoughts on this pin? Bounced off of a decent area that's had a few touches, and we have a nice trouble area below that could be used as first target, with much more downside potential? Thanks

I talk about this in other posts, but such a key to being successful in this game can come by combining fundamentals and technicals. It's more of knowing what to look for in each, than simply trying to consume all the information available. ...

@redbaron1981 I don't see what the problem is haha. Obviously price reacts at different points other than the ones I mentioned, that's why it moves. And as I said, they're fractal. All I've done is come on to give my 2 cents to try and help, based ...

@redbaron1981 Maybe by doing this you can say oh look that kind of hit this random line I drew, so did this bit. That's just ridiculous though. The idea of the support and resistance, as I explained above, is to find those value areas. Those areas ...

Price action trading really is as it says; the action of price. Most people on here focus solely on a chart but don't actually understand the true context behind price This is what's called a price ladder. It's the core of any financial market. This ...

@Numbnuts The key is the CB policy yes. If you wait for the move in rates, as you said, you'll miss it. As soon as the CB shift their stance on what is going to happen with monetary policy, that's when you make your move. As you can see from this ...

The easiest, and most reliable way to trade based on fundamentals is to simply look for central bank divergences. Once you have that, you have the key to trading long term fundamentals. Look at how the NZD, AUD, and CAD have all weakened over the ...

Valbury are a well respected broker, but they're a prime of prime broker. Minimum deposits are much much higher.

I haven't posted on here for a couple of weeks. Had a few things to take care of so it's not been top of my priorities list to be honest. But here goes. Last week we saw a small rally in the Aussie Dollar as the RBA removed their easing bias from ...

Agree with you on that. It is much harder to predict price movements intra-day.

Price direction is very predictable. In fact, it's real simple. The reason why so many people say it can't be done is because they don't actually know why the market is moving in the direction it is. Most people focus on technical analysis and this ...