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bounced off resistance at 39.58! the immediate resistance levels are: 39.58, 39.92, 40.38, 40.86

Yep, it's MT4. i use the demo from fxpro for charting.

and...the short-term trend is still down. the trend is your friend till it ends.

39.92 temporarily broken, hence support becomes resistance...

this is what i see. it's been lower lows and lower highs on crude. immediate resistance around 40.4. look for higher highs and higher lows before considering a long position.

yes. what was that?!

7-Jan: short gbpusd 1.4837 +2.5 eurusd short 1.3611 +2.8 pips eurusd short 1.3584 -23.7 (SL hit after release of ADP non-farm employment figures of -693K) long gbpjpy 141.22 +4.5 & -1.6 (pending buy order was triggered, but uptrend did not continue hence position closed) long eurusd 1.367...

great thread. dabbled in some oil trading today, but did not have a predefined strategy. will call it a day. cheers.

took scalp long at 44.8 and closed.

7-Jan: eurusd short 1.3611 watching: aussie - narrow band between 0.723 and 0.7185 today loonie - narrow band between 1.1865 and 1.181 today cable - has hit 1.50 now, with the BOE meeting tomorrow to decide on a rate cut, am looking at possible short provided 1.50 resistance holds

Trades so far. 2-Jan: eurusd long 1.39094 close 1.39474 nett +38 pips 5-Jan: audusd short 0.71513 stop 0.71763 -25 audusd short 0.717 close 0.71502 +19.8 6-Jan: audusd short 0.7094 close 0.70634 +31.6 gbpusd short 1.47115 close 1.46965 +15 gbpusd short 1.46798 close 1.4622 +57.8...

Excellent thread. Thumbs up!

Hi Fellow Traders, I've been trading Forex since last year, and pretty much deploy a discretionary method using technical analysis. From the beginning, i've went through multiple indicators in search of the holy grail method - Vegas, Auslanco, DIBS, GBPJPY breakout method, Fibonacci...