Recent content by stephane

I think it may go to parity. We just have to mind the 1,065 level on the way

%%%%%%%%%%%% Longer time frame is stronger time frame............................................................................... Wisdom is profitable to direct Longer timeframe is stronger time frame, but a two candle consolidation on the monthly time frame is a 60 candles trend on the...

And another update. Although we got a 80 pips bearish move this week, we ended the weekly with a hammer. I closed my livermoore runner and now I am rather thinking long until I see a strong BEARISH reversal figure somewhere up there (1,0455 or higher). For now on AUDNZD a "buy dips" strategy is...

I wil update that one. I still hold a tiny part of the short I opened last week (a so called Livermoore runner). The pair opened the week with a bearish gap clearly under 1,04. It did restest that gap during the week, then staid within a consolidation triangle. It broke down that triangle...

That's stupid. It's easy to open offshore company or to trade with an offshore broker.

I agree it may happen again cause we are living troubled times. And mind you, it is not the supposed best brokers (big/western/regulated) that always fared the better here So when it comes to choosing a broker, I think we need to revise our preconceived about what is safe and not. I definitely...

You cannot define a thrend without knowing which timeframe we are talking of. Here AJ daily is in a downtrend (roughly) But on the monthly it is rather an uptrend (here again roughly) What may be seen as a consolidation on this monthly lookslike a nice full trend on the daily...

Don't trade drunk.

What next ? I am now running at +35 and be. I did not close any, for I am hoping for a serious move because there was a daily bearish flag that was broken. On the daily I see several support zones to the low. 1,445 where roughly there is a fib line (786), and a former broken low, then 1,44 with...

welcome to the club ! I sold the first break out of 1,05

"Scalping" means you take your trade from a 1 to 15 min chart. It does not mean you do not have to analyze higher time frames to loook for supports and resistance levels. 1minute or not, you buy on supports and sell under resistances. Scalping or not scalping. I think the main difficulties in...

Update. The pair to come back but is now lazzily ranging around H4 SMA200/50 fib line resistance. I am watching the 50 fib resistance level for a potential short (SMA20 is getting there too as a resistance). A break out of the 1,05 support level would make it too. I usually wait for pull back...

When talking about a trend, remember you are talking about a specific timeframe. A bearish trend on a weekly chart, when consolidating, if a bullish trend on the H4. In order to know where a trend may end/start or even consolidate, you need to have a look at higher Tfs. Spot places of support...

Everybody may learn to trade. http://www.investopedia.com/articles/trading/08/turtle-trading.asp

AUD/NZD broke down a bearish flag on the D Timeframe. And it is near its historical low If I remember correctly my Murphy's technical analysis bible, we may expect it to drop by the flag's pole distance -that means around 1000 pips-. that should send it into new bearish land where that...