elitejets

I'm a bit jealous, I spent ages writing on my USD chart and yours is so much clearer than mine. Sorry I haven't been contributing more ...

Great weekend reading, Thanks! If you have a spare hour I highly recommend this Mark Douglas video. It helped me a lot and if you haven't read his books you will see what its about. 4shared.com - online file sharing and storage - download Mark Douglas - Mind Over Market.flv

Hi Here is my view of EURJPY (which is influenced by my short position!). It needs to break out of the descending channel for me, so above 126.90 where it broke down the last swing and also then above 61.8 of the last swing would get me out. On the weekly I use the fib from the start of the Sep08 drop (just because all the JPY crosses seem to respect that one better) and I am looking for 123 and the next fib level down. I also attached my EJ weekly chart from last week, using the fib expansion levels from the last swing. Have a great weekend guys. Nicola

Big picture - this cable drop is the third touch of a trendline from the start of the credit crisis in 08. I really want to see a close today below 1.6085 (last weeks open and ideally 6060 (last weeks low)

My first post here! I like your EURGBP trade idea, I took its evil sister GBPCHF. I usually trade the hourly/4hrly but here is my 15min chart. Nicola PS - about the TP. I have got within 2 pips of my TP and watched it reverse. Its a toughie but if you stick to your rules it usually pays off over time. I have to have rules because if I do it discretionary it doesn't usually work for me.

Good luck with your new thread Phil Lucky you are scalping, there is nothing I like on the daily charts tonight. Nic

Hello Firewalker! I found you ...