Obsidian

GBP Chart (Weekly CFTC Commitments of Traders Report)

EUR Chart (Weekly CFTC Commitments of Traders Report)

I think people may have a better idea if you add some charts, or maybe you can start a new thread...

We don't risk any real money in theory It was 1999-2000 when I started trading stocks. First year I lost 50% of my account, then it took 2 years to learn how to trade and gain what I lost. We learn from our mistakes as well...

Yea nothing works so perfect but every thing helps I like to pay attention to price patterns, formations. I am using zup_v103. what is the latest version of this indicator?

Are there anybody using gartley, bat, butterfly etc patterns as their main method of trading? would like to hear your thoughts please!

My long term target 1.1028 is still valid, it may take some time to pass 1.0700/50 though...

When you compare prices, check the mainboard (asus and gigabyte preferred)...and check if gfx card is on-board or separate Custom Build Gaming PC, Desktop PC, Custom Computers, Gaming Laptops looks like a good website

Then I think all you need is time to observe how to these indicators will lead you under the different market conditions

fortune telling is easy as long as you know Chinese

Having 2*monitors would be a great choice, besides you don't need a special graphic card for that.

USD/CAD made its move...The pair climbed and tested 1.0150 area, then the bears showed their strength and pushed USD/CAD below 1.0050. Even though 1.0000 level looks like the first support now (and it may bounce to 1.0070 from there), the pair is probably headed to 0.9900. USD/CHF is coming closer to next support zone, but the outlook will remain bearish unless it can trade over 0.9300 again. (check chart for next s/r levels) EUR/USD may pull back to 1.3050 before it breaks 1.3120 barrier. I will be looking to buy on dips as long as we stay above 1.2900. If we can stay above 1.5630/00 GBP/USD will test 1.5770. As long as it stays over 1.55, I am bullish Meanwhile, watching EUR/CHF. Thinking of going long 1.2000/50 (with a stop at 1.1970).

The news doesn't make the market, rather the market makes the news

the euro and the eurozone....

I got your point I think you should try s/r, trendlines, fibos, candlestick patterns to find better entry points then. If you look at the current charts eurusd, gbpusd, usdchf, usdcad, you can see that they tested the s/r-trend line after a breakout. Once the trend is established, it wouldn't change so fast. The thing is the price movements are not the same all the time. It depends on many elements. Sometimes you see a pullback, sometimes you don't. You should analyze the power of the momentum and predict the next move. That is why I can't tell you a single, unique solution. You may also consider opening multiple positions (for example: 0.5 lot when your system gives a signal and another 0.5 lot when the pair tests the s/r level).

What is moving the market: BOE Policy Vote Tighten = 0 Unchanged = 9 Ease = 0 UK GDP qq: -0.2% vs. -0.1% expected vs. +0.6% previous yy: +0.8% vs. +0.8% expected vs. +0.5% previous

USD/CAD is consolidating between 1.0150 and 1.0050. The pair does this often and explode in a direction...Waiting for that to happen. EUR/USD is losing its momentum but German Ifo business climate data and the fomc meeting will move the market for sure...if we can pass 1.3120, look for 1.3260...if we go below 1.2960, that means we may test 1.2820. USD/CHF will try to move above 0.9300/15, if it fails I expect to see some support at 0.9225. If it is broken, then 0.9160 is the next target. If the bulls break through 0.9300/15, 0.9360 and 0.9405 will be the levels for bears to defend. GBP/USD is bullish but we are right below a strong resistance area; 1.5650/70...if it breaks, the cable will head to 1.5840...if it falls below 1.5587/78, we will possibly see support at 1.5500 I think we may see some retracement today...I am only keeping a long position which I opened earlier (eur/chf)

too big to fall.........

Monday's move was blocked at 1.0571, today we may test that area again

there is no "one shot one kill" You may not be able to find perfect entry points, don't even bother because I think nobody could that. There were times I missed perfect moves because I was waiting for better entry points and there were times it could be more profitable if I waited a couple of hours more... Anyway, things depend on your system (and the time frame) and the points that you got the signals...If you get a buy signal but the price is around a resistance level, you may choose to wait for a better entry level.

You can check Oanda...

That depends on your system I think...If your system gave a buy signal then you should enter the trade...If you will not follow it, then why would you need it If you set your targets, that would make things easier for you...

Market is hit by Greek uncertainty

Today GBP/USD may visit 1.5480/90 if the bulls lose the control. If the pair can break 1.5587-1.56 resistance, I will be looking for 1.5670

I think USD/CHF will test 0.9315/55 today. Selling pressure will increase if the pair can’t stay above 0.9390 (0.9230 and 0.9150 will be the next targets). Meanwhile, EUR/CHF is coming closer to 1.20 area and SNB will defend this level for sure.