Hello everyone, hope the Christmas break has treated everyone good and you are not too full on Christmas Eve dinner. This will probably be my first and last post for the whole month for a few reasons. As a lot of you know I graduated from my undergraduate course work a week ago and with all the family visits and celebration have not been very active on any of my online forums. Not only that [...]

Hey everyone so while I have been focusing a lot on the daily charts and Bob`s 10.1 trend, range, and ctr system, I still use the original 4H breakout. I have narrowed it to the two pairs that I noticed where the most profitable and depending how the news is that week and how big the first 4H candle of the week is. Here are two screen shots of the GBPJPY and USDJPY 4H charts [...]

Hey everyone, after almost 4 years of trading every known time frame to man, I have finally decided upon what to trade. I cannot take credit for this as it was all Bob`s doing over at ForexFactory.com and the many contributors to his thread. Over the years I have worked on 5 to 15 minute time frames thinking scalping was the answer to making a fortune in the forex markets. While many people to make [...]

Hey everyone so it has been quite an interesting month with so much happening in Europe, which we still have not seen an end too. I just wanted to drop a quick word in about how I have started to change my trading habits to better suit what I want. Many of you know I trade the 1H and 4H charts and have gone into the small time frames a bit to give them a [...]

We are set to have a very interesting week, end of October and beginning of November always brings in a lot of new news. Last night we saw the BOJ sell off yen like there was no tomorrow, this caused the markets to go crazy and massive spikes formed in many of the major currency pairs. The rest of the week will be no more tamer. We still have to keep an eye on the [...]

So for anyone keeping an eye on the 4H breakout, would’ve have noticed that this week is a definite no. Thanks to the Bank of Japan for intervening in the markets after the yen hitting new highs against the dollar last week. Over night the BOJ sold yen across the board causing a plummeting of the currency in the last few hours. We can see the GBP/JPY and USD/JPY have intense spikes of over 400 [...]

Hey everyone, just wanted to give a heads up on what I have been working on lately. I have spent a lot of time over at ForexFactory.com and have found some great new strategies to work on. I will be as always using my favorite 4H breakout strategy, but sometimes markets change and I need other methods to trade. This week the 4H breakout will not work on the GBP/JPY and one look at the [...]

Here is a nice link to Thomson Reuters bank stress test, will you make it fail or succeed?  

Well today we had some partial details come out of the EU summit which didn’t explain much more than what we already knew. The news was decent enough to get a small push north close to the 1.40 level, but not enough to break it. Bank recapitalization: as had been expected the get around 100 to 110 billion euros. European Financial Stability Facility (EFSF) leverage: the fund should reach around 1 trillion, which has been [...]

Japanese shares declined on Wednesday, with the Nikkei Stock Average down 1.2% at 8,660.29 ahead of a European summit set for later in the global trading day. Investors are hoping for details on how the region plans to tackle its debt crisis but BNP Paribas strategists said “closure on the euro zone saga is far from being reached,” and noted that lack of clarity on Europe sent the U.S. dollar to a new low against [...]