Risk only 5% of your accout size and you will be able to focus your mind. $1,000 account risk only $50 per open trades. Trade size should equal 1 mini lot, 2 at the most. No reason to loose your mind then.

Eur/Gbp confirms pound weekness

This confirms pound weekness

Either way is like stepping in front of a train

Trade GBP/JPY today

I hope it helped! No sure thing in forex, but probabilities predict most of the time

Your welcome Anything to kill time and to be off some help to anybody.

I think theres to many bear signals to be thinking long here. Anything CAN happen in the forex and anything WILL happen. The pictures in my post is reality. The most real thing no assumptions. I like posting what i see now and not what might happen. ...

4 hour timeframe trumps 1 hour IMO. 1 hour says buy. 4 hour has not broken up trend yet. So IMO up until 4 hour evening star has been confirmed 'with a trendline break.'

Jon, just a suggestion. Bank your trade and wait for confirmation. If in doubt, stay out.

Something interesting. EDIT: Just an observation arrow only a possibility. H&S is a reversal pattern. thanks

Most time frames are showing Macd divergence. I think it's a good sign of price weekness very soon. But, divergence is a sucker most of the time. BEWARE. But beings its across all time frames makes it more powerfull

mmm, never thought to use FIBS as Trendline confirmation. Thanx for the tip. Sorry i can't post a pic to show my lines and/or analysis since i've tried and they turn out unreadable

Ok I am mostly observing as well. I agree with your earlier comments about this being to much noice. Most people have something else to say and most everybody has a good analysis that fits their own trading style-only maybe a little confusing to ...

My targets for a good break of 9745 is 9672 which is a conservative target and based on trendline analysis and price strength some levels to watch are: 9725 (daily middle PP) 9718 (weekly pivot)

I think the great thing about this thread is that we can alert fellow traders of the things that each of us see. Monarch started this thread so I think it's his call on what people post. Cesarnc: I like trading trend lines. I don't pay much ...

9750 is the level it broke as it was making new highs yesterday. I think its the key level to. If it can't hold the new highs then short at 9745

One thing that might keep a pound collapse in check is the suprise hike by the BOE. It might be close to being priced in but there still might be some buyers out there on dips. Which could really annoy our shorts

Yes. Theoratically. Above PP is bullish and below is bearish

And some other things to note USD/CHF above PP USD/JPY above PP Eur/USD below PP