Just an observation & learning process

I am not new to the Forex, i have been trading for about 9yrs now full time, and i have learnt not to follow anyone's comments or suggestions, and all i do is follow the trend and observe the market moves on any currency. But what I have been reading on some of the comment and analysis been posted most of time does not make any common sense at all and I wonder what they are looking at. Comments such as Dollar weak across the board, or corrective recovery or the low of such a date and the high of 10yrs ago and the low of 15yrs ahead, all this does not show or prove anything but confusion and doubt about their own analysis and most of all they have no clue about trend direction. As an example, if you take a look at Eur/Usd two weeks ago, which has formed a falling wedge a bearish signal, one should expect the fall as soon as the it hit resistance and that what exactly happened, but no, some of the analyst has written that the Eur/Usd has violated the formation and confuse everybody even themselves, Even with GBP/USD the did the same thing. When a currency in a downtrend or up trend it will stay inside the trend until it bend, the news and fundamental has 10% affect on the move and that is why the market wave AND when the market breaks one level it must come back to test it, I mean it must, and if it fly through one level it will come back to test this level.

I agree with you on the point that profitability is found through study and observation, not a message board.

"The market can stay irrational longer than you can stay solvent."
John Maynard Keynes, (attributed)
English economist (1883 - 1946)

On January 22 , 2010 I wrote on my post that one should follow their own analysis and look closely to that large time frame to take advantage of the next move http://www.forexfactory.com/showthre...73#post3392173. And if you have followed that as I did you should be up and running with at least ( at least ) 800 pips. This is not a rocket scientist observation, it is very simple strategy and it could be used on all time frames, without confusion or panic. As we all know larger time frames best to analyse the market and look a head for the next move, that is what have been doing and It has been very successful for 9yrs. Now lets take a look at GBP/USD monthly chart and find out what to look for from here. Two targets we have to watch for 1.5471 and 1.4881, which it means braking under 1.5471 will lead us to 1.4881 and this is about another 800 pips from here. so its up to you to take advantage from this move on any time frame. My recommendation is trade the larger time frame, you will make the most of your pips.

Now let us look at Gbp/Jpy and see where we go from here
Breaking under 139.005 will lead us to 1.3766 and 131.448 and 129.84

After breaking under 151.60 was clear indication we are going down to the bottom of the range, the bottom of the range is 129.84 which will take some time to get there but we will get thereand if you look at your monthly chart you will see it.

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Excellent. Trading larger time frames is successful and less stressful trading. Capturing 800 pips in gbp/usd sounds good.

But GBP/USD is not coming straight to 1.48 levels or GBP/JPY is not heading south to 1.29 in one single shot. So , i feel one should take advantage of retracement as those rallies are like 300-400 pips rallies, if spotted correctly.

I agree with you, as we all know hitting the target not in one shot