Firstly take prices work for some people. But is it the best way to trade?

Whenever i come on here and read things like st 30 pips tp 50 pips i always wonder how often the price stops short before reversing and stopping people out, or going straight through the tp and going another 50pips before pulling back, consolidating or failing.

Rather than placing an order at a level where I think something is going to happen I like to react to what is actually happening in real…

On May 17 the Eur/usd formed a well defined Bullish Hammer  position with a nice down trend from 1.3236 - 1.2791 we will expect a long white candle stick for confirmation in the coming week. Which will drive the market to 1.2995 for heavy…

EUR/USD



Buy AT:1.2857

Stop Loss:1.2818



Tp1:1.2861

Tp2:1.2870

Tp3:1.2893

Follow Till:1.2945





Sell AT:1.2818

Stop Loss:1.2857



Tp1:1.2814

Tp2:1.2805

Tp3:1.2780

Follow Till:1.2730



GBP/USD



Buy AT:1.5227

Stop Loss:1.5185



Tp1:1.5232

Tp2:1.5242

Tp3:1.5269

Follow Till:1.5326





Sell AT:1.5185

Stop Loss:1.5227



Tp1:1.5180

Tp2:1.5170

Tp3:1.5146

Follow…

USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week.  This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On…

Dear All,

Please find EU reviewed and this post is dedicated to my very good Friends here at Fxstreet.

Best Regards,

Sir Gissachance (PPND)…

New Additions: Dr.Andrews PitchFork's

Median Lines > Prices will reach the latest Median Line the Prices will either reverse on meeting the Median Line or gap through it. When prices pass through the Median Line,they will pull back to it. Prices reverse at any Median Line or extension of a prior Median Line This action happens roughly 80% of the time, the other 20% of these moves are due to market action and sometimes out of our scope of knowledge this may be due to.....

The…

It seems that price will breakout of this wedge soon. My bias is to the upside, based mainly on the dynamic rising support line that has been respected recently. GBP does seem weaker as well.

Please share any comments/opinions.

Regards…

             OIL - Setup....

some possition till mondey sesion end

AUD/USD buy @ 0.9734 / SL 0.97 / TP 0.9985

GBP/USD buy @ 1.5172 / SL 1,5150 / TP 1.53

gbp/jpy intraday analysis sell@ 156.50, sl@ 157.50, tp@ 155.40, estimated time  = less than 24 hours

a trailing stop is suggested.…

http://www.zerohedge.com/news/2013-05-10/hilsenrath-tapering-article-out

Currently we are at 0.9733 on the 1.270 fibo.  We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix.  The current average daily trading range (ATR) is 87 pips.…

EUR/USD continues to trade quietly, with the pair trading in the high-1.28 range in Friday’s European session. On Thursday, US key releases, notably Unemployment Claims, were disappointing, but the euro failed to take advantage and didn’t make up ground against the dollar. There are no Eurozone releases on Friday. In the US, there are just three releases, highlighted by UoM Consumer Sentiment. The…

UBS - "EURUSD BEARISH The pair is under pressure, trading close to Wednesday's low at 1.2843. A break below this would expose 1.2746 ahead of 1.2662. Resistance is at 1.2943 ahead of 1.3029.

EURCHF BULLISH With bullish trend in place, focus is on resistance at 1.2525, a break above this would open 1.2569. Support is at 1.2361.

EURGBP BEARISH With the MACD below its zero line, focus is on support at 0.8389. A break below this would expose the important 0.8587. There is an important…

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Hello everyone. A possible trade set up with eur/cad. A very important tool in my indicator kit is to gauge currencies against each other and to possibly identify cycles. See picture From the picture above you will see that usd is showing signs of weakness and a possible turn to the downside. The pound is showing…

We turned immediately bearish on GBPUSD after recent sharp decline through the trend-line connected from March lows which is important evidence for a completed corrective wave II at 1.5600 area. In fact, decline from latest high has a personality of an impulsive price action so we believe that pair is headed lower, ideally towards 1.5000 in the near-term as latest minor pull-back was probably wave 4 of wave 1) in progress.

GBPUSD DAILY…