Recent content by thecurrencydealer

This is interesting, I have never experienced any success with trading forex based on data less than D1. May be you could teach me a few tricks. My forex trading revolves around daily and higher timeframe only and I am having good success if I am not greedy, ie expecting 500+ pip move when...

i can relate to the patience side of the trading as i;ve learned it the hard way 8-). Sometime it pays to be patient to stay in the trade for the big run. Sometimes, it pays to be patient to wait for the set up. Must admit I've still got a lot to improve on the "patience" side of trading, but...

gbpjpy ...hmmm did u get in before today ? I got in back last week and still holding the short currently close to 500p in the $. That's what i tried to tell JT about trading the less stress method using D1 data only. I can never make $ trading H1 or lower. 8-(

Already been said above it depends on what u use as indicators, dont have to be moving average of some kind that lags. Could very well be price "differences" themselves that be use as very accurate indicators, just think about OHLC and u will know what I mean.

JT Not flaunting my achievement here, but I can easily do that every week IF I want to. Meaning I am shooting for large breakout type trade that goes from 300+ pips or more, and I may have 100-200 pips in a week (sometimes in a day) but not take profit to see it reverse back on me. But that's...

I am guessing you are talking about using H1 data/chart to enter trade and targeting for 100+ pips and not actually expecting 100+ pips in the 1 hour right ? For that you pretty much need to know when the pair is going do the big move of the day. It all comes down to which pair has the largest...

Sept 6 2007 USDJPY: Long @ 115.16 (incl spread), TP: 116.0, SL: 114.5

tryng out long fibre 1.3542 ... wow it drops so fast to 3522 8-( Wow the looney gone ballistic 1060 as of this writing! +50 for me that is! Going to ride this a bit longer

Good trades TPF! I have the same plan for tomorrow as u on cable & Yen! 8-) Only got +30 from fibre short at 3595 today 3565 ... waiting for looney & aud to see how they pan out.

long audusd 8273 close cable shorts (from 9960 and 9958).... hmmm not much fun anymore may go short again at 9680 if it gets there long usdcad 1.1010 (incl spread, damn 5p spread!)

fibre resistance should be around 3570/80 for now cable resis still at 9815 if contained. This last spike of cable should pave wave for another strong down leg to finish the move for the month .... me think & wish 8-)

cable resis today at 9815 followed by 9860. however from monthly swing perspective it has more dowb bias. I continue to hold shorts opened from last week (9958, 9960). fibre resis 3575, support 3500. look to be stuck in range. week strenth look to be down, but 3500 must be taken out again...

fibre short term top formed looks like a short term top on hourly chart for fibre I will try another short 3550 when it gets there again .... sl 3580 fibre short limit 1.3550 pending, sl 1.3580

cable resis: 9860 then 9880, looking for another leg down below 9800 fibre resis: 3545/50, uncertain ... 8-(

gotta b carful with long on cable, from EW perspective, it may by in wave 4 whcih will resolve into 1 last leg of impulse down to wave 5 drop from 9 May high 1.9999. wave 4 top could potentially bounce to 9840 level, but aftr that strong drop. Well thats the EW analysis in "THEORY" .... I dont...