Recent content by User

The intraday position expired yesterday. Didn't trade today as had guests over from abroad. Suppose I missed out on some large fx action :rolleyes: All other markets seemed to have held at near levels to yesterday, Dow in paticular. You lot all did well! Well Done Julian :thumbsup: FX...

Silly me! lol :lol: I forgot that part, thats ok then. :cool: :thumbsup:

I've been long all day on all most everything but didn't call them as was already in trades. The GBP.USD was good risk/reward ratio for me so though I'd push it through here... As per my ramblings I have also been long on Euro today and this post won't interest you much as this thread is for...

and that is the best way, have a professional method, stick to your guns, don't let emotion take over and as you said before you get a few of the moves out of the bunch and even 5 out 10 would have you on top with methodical discipline. Good Work J.

;) Still in trade and watching very carefully...

Thank you for the warm welcome leovirgo :thumbsup:

I use mental stops. Method - Four Hour Chart - Market should be supported by the lows from 16th of March. Holding 150 would be key in this. Recognition must be given to the fact that the four hour chart yesterday breached 150 but held it nicely. So technically although we have been breaching...

GBP.USD appearing oversold. Long @ 14992. Should regain 150 with an eye on reaching 15050.

You may be inclined to spot the regular correlation with the EUR.USD and GBP.USD or FTSE100 & DAX but mark words this may not be apparent at first but does become apparent with experience and some in depth thinking that every market is pitched against the dollar and that’s what they ALL follow...

Yes they generally are very good. Many have said virgin cable is the best? Sky is cool for me though! :thumbsup:

Falling Knife

Although the GBP rallied on Thursday and Friday - it has significant issues with 152-15236. Downward trendline from 2010 hits this area, resistance in flat line form hits this area and also this is a gap down region from two weeks ago. So all ties in with big resistance. Failure to deal with...

Although the GBP rallied on Thursday and Friday - it has significant issues with 152-15236. Downward trendline from 2010 hits this area, resistance in flat line form hits this area and also this is a gap down region from two weeks ago. So all ties in with big resistance. Failure to deal with...

In answer to the original question. I trade Crude Oil as Brent simply follows. Have traded the price of Oil for nearly 9 years. My system was short from early Jan to Early Feb. Systems caught the longside in the middle of Feb which was exited at 7820. Systems have gone long again at 8080...

Even though the prices of financial instruments are a measure of its future worth, the price itself still changes hands at a given point and at that given point the price is always right. Markets don't have any equilibrium; if they did then prices would not move in the manner in which they do...