"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
- Joined Dec 2015 | Status: Member | 7,900 Posts
Do your homework, follow the footprints of smart money
Successful Fundamentals trading (DAY Trading WILL BE Ignored) 17 replies
Book suggestion for Forex News and Fundamentals Trading 1 reply
trading with fundamentals is the only way to go 129 replies
Trend Trading FUNdamentals 3 replies
importance of fundamentals/technicals in intraday trading 0 replies
DislikedGJHere is a clue if this is so bullish why isn't it going up A - Because the big shorts are being filled by retail longs if the big boys wanted this to go up it would of by now. Its a trick of the eye used perfectly to fool the unsuspecting.{image}Ignored
DislikedNZDUSD Update Ok so if you been following along with this trade basically its as certain as trading gets now that 6735 will happen, only the unexpected can change this now Asia did its job building the mini range today between 6790 and 6815, this gave London the platform to launch from, 6735 will be a formality that's 95 pips for me, I cant stress enough learn the habits of price and a few pairs and you can come into the office with your mop everyday and clean house Now the critical piece what will eurnzd do next looking for a test of 16813 to coincide...Ignored
Disliked{quote} Mr. Simon, gbp usd is getting towards 1.4060 area, like You said they have been twice before, so the bigger possibility is that it could be breaking down towards the 1.3925. thanksIgnored
Disliked{quote} Its coming with a nice pace, that's encouraging, however 3 times is not the charm normally unless we are in a range which are not. Wait for evidence you can always get on the train once the break is confirmed high probability once we have confidence instilled by confirmation. check my chart Simon {image}Ignored
DislikedGBPUSD The is a trade I might play if 14030 can be broken clearly then from 14025 stop sell orders will be piled up for the run to 13925, so there is at least 100 pips there , small stop loss above 14060 its a 3:1 RR, with high probability ask your self this - where is this pair going once its gets through 14025 Its not going back up through the traffic and chop at 14060 and beyond the level its just broke, its much much easier to get orders filled to the downside, clear air for 100 pips if I am sitting at the bank I know which trade I am taking....Ignored
Disliked{quote} Mr. Simon, would You explain the reason behind of 1.4025 as the boundary to take short ? thanksIgnored
DislikedGJ Trade I took earlier Here is a breakdown of the last few hours in GJ, as I said 15600 wouldn't hold but you could of got in for the run down the hill, as I say high probability, low risk the trade has a stop above 15650, entry 15601, target of 155.15 around 1.5:1 RR not great but low risk in the scheme of it when looking at the chart. Simon {image}Ignored
Disliked{quote} You got me a couple pips. I'm at 155.983 and covered +10. Basically the same entry criteria as yours. Free trade to see how much it has today. {image}Ignored