This signal is referred to as a BZ retrace which is a Fibonacci retracement after a new HH or LL. I am currently focusing my study on learning to trade actual market shapes and patterns. I have a lot to learn but lucky for me I have ‘found’ two traders who have been a long [...]
Received an E-mail from collective2 earlier. I did have an account there but thankfully it was just for “curiosity” purposes so I never had any ‘critical information’ there.
Dear Collective2 User:
We recently became aware that our computer database was breached by a hacker and that the personal information of our customers was accessed. The information accessed [...]
I just went LONG GBP JPY based on the 5 min time frame. My entry price was 144.54. My stop is 144.46 ,. I will take profit at 1:1 and then let the 2nd part of the position ride the trade.
First target was hit, Trade is now a free trade.
Yesterday I posted my analysis regarding the USDJPY Daily Forex chart. In it I mentioned the pair in a channel and we were close to the higher side of the channel, so if received a short signal I would target the lower trend line. After todays price action the daily closed giving a sell signal [...]
GBP USD , USD JPY , GBP JPY Forex Trading Analysis 12/13/09
Hey I hope everyone had a pleasant weekend. Everything is great on my home front leading into X-Mas. It’s Sunday Evening prior to Asian Markets opening and I decided to just peak at the daily forex charts. I trade only what I see on [...]
The following post is a comment I was leaving a website I visit. It’s my analysis of the GBP JPY Daily chart.
Hey James,
Nice trade. I wanted to share my analysis on the GBP/JPY daily chart. I believe we have found support around 139.50’s and the recent swing high, on the 4th of Dec was higher [...]
Tonight around the same time I entered my GBP USD trade I had an entry signal on GBPJPY. In the future I plan to be way more in depth on my journal. So here is a screen shot of the GBP JPY chart.
I’ll explain forex trading system rules and entry after. It’s actually one of [...]
Hey, I decided to start my own forex trading journal. I will try to post a lot of the trades I take. However, Right now I’m just trading Asain forex session. In less then a year I am going to go full time. Still have a few goals to meet. I must say, you need [...]
Trade Triangles
| Foreign Exchange | ||
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+100 | Japanese Yen/Swedish Krona (JPYSEK)
14 minutes ago
Trading down -0.0229 (-0.28%) at 8.0244. Chart confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. |
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-55 | British Pound/South African Rand (GBPZAR)
1 minute ago
Trading down -0.09600 (-0.78%) at 12.17970. Chart indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode. |
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