Sir

have you ever Notice, The GBP/JPY Is Following The USD/JPY as the Past Trend..

Just see..


Sir I just had some Analysis By Your Help As Your Teaching ....



USD/JPY





GBP/JPY..




So Maybe it Will Go Like that Having Ups And Down...?

Good job identifying the daily trends on both the USD/JPY and GBP/JPY. Since the British Pound (GBP) is stronger than the U.S. Dollar (USD) we would expect GBP/JPY to be stronger than USD/JPY and in more of an uptrend. While USD/JPY seems to be angling downward.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

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The Kiwi dollar has been consolidating in a tight range within a triangle. Look for a possible break of the .6591 May high in quest of the .7000 handle.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

sir, i am using trend analysis to do my trade.
but some time the trend show that it will going down, but it wave up and down, and it hit my stop loss order, and i get loss, however it is going down as the trend.

beside this, i also find that trend analysis can not find out the reversal point.
can i know what indicator can i used to find the reversal point?

thank you

this is a very good question ... but i would like to say that for example this is a gbp usd hourly chart and i say that the trend is down after the support break .... so i will place stops above the high at 1.6630 and target will be according to risk reward ratio 1:2 that will be 1.6240 ...

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IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !

thank you abro.
i learn a lesson, thank you for your reply.

"IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !"
i strongly agree with this.

being forex treader have to had high EQ control.

I had sell AUDUSD at 0.8030.
can anyone give some discussion about this.
i think it will going downward.

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Thank you sir...



and G, Mcleod

It Could Be Possible as My Opinion About GBP/JPY, But Sir Did You ever have Seen that May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a “ 100 And 200 MVA Cross Over. So May be It will Jump Very well Soon. Before there has Little About The Volume So Less were Now It is Good In Daily Chart Time Frame…









Now In The Monthly Chart as you can see, The Fabo 61.8%. are the Just of The Open of the GBP/JPY currency Pair Where the GBP/JPY Star. And It could Be the Resistance of the Gbp/Jpy. So Maily It hit From there and Move Back As you can see Then It touch The 150.00 LEVEL so Move Back To the New Trend.










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Thank you ...

umm i think its a bullish flag and i have drawn the support line for this bullish move up ( from the support of this bullish flag ) so if i were you i would had shorted at the support break .

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IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !

because beside me there is no person who know forex, so thank you very much for your teaching. and i really learn some thing.

New Highs Maybe in the Cards for Aussie Cad

Since breaking out of its 2 month range between .8600 and .9000 on June 11th, Aussie Cad has rocketed to the highs of .9300. Look for continuation of this trend for the coming days. Drop down to a 4 hour chart to place stops a little below the .9244 June 29th swing low. Use a 1:2 risk to reward target in which the limit is at least 2 times the stop.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

I understand what you mean. By the time you see that the lower time frame is going in the same direction of the daily trend, you are too late. You have to find a way to get in on this "trend agreement" earlier
One of the techniques that I found helpful is to locate counter-trends on a lower time frame within a larger daily trend. This means that if the daily trend of the last 6 months is up but the counter-trend on a 4-hour chart is down, I want to by the reversal point of that counter-trend. To find a reversal point, I am looking for a confluence of indicators at a point of inflection like a Fibonacci support level, 200 moving average, old support level combined with stochastics below the 20 reference line, RSI below 30 . Drawing a trend line on the counter trend and buying the break of that line is another way of picking the bottom of a counter trend. Reversal candlestick patterns are an additional clue- Hammer, Bullish engulfing double bottom. Picking tops and bottoms is a losers game on a daily chart, however picking tops and bottoms on a counter trend rally against the trend gives traders a valuable edge. This same technique can be reversed when the trend is down.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

As you can see from the two charts that I posted below, the overall daily trend of the AUD/USD is up. This means that we should look to buy dips. There is profit be made trading against the trend however, as traders, we give up our edge and take on more risk as we are not sure when this counter trend drop will finish. Waiting on the side lines for it to end would be prudent. Notice how price fell and broke the red trend line. The magenta circle is where we would initiate a long trade in the direction of the daily trend. Notice how stochastic crossed showing profit taking fading. At the far right look at the Morning Star formation that may lead to more strength.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

GBP/JPY is extremely bullish above 158.00 and bearish below 156.00. The convergence of support and resistance on a 4-hour chart has formed a triangle. With the Employment number coming out Friday (NFP) this range may persist up until the announcement.

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__________________
Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Thank you Mr. Gregory McLeod.
now i understand more about it.
i will trained my skill.