Fat Forex Profits – The secrets of successful trading

This is pretty much the same situation as Eur/Jpy, where we broke down through the trend line 2 weeks back and now are retesting that same trend line. I am still a believer that this pair will go sub 1.35 before it goes past 1.45. This is based on technicals and the fact that I [...]

My last post about this pair was when it was about to break down of the wedge it had been trading in.
This occurred and hopefully you got a good short trade out of it.
However, instead of it continuing the breakdown, it stopped and reversed back up. What I think is happening is that it is [...]

It seems to me Eur Jpy has formed a big bear wedge on the daily chart over the last 9 months.
It almost reached a 50% retracement of the entire move down from the 170 high point in mid 2008.
A break and close below 132 on this pair would make me very bearish and the let [...]

It seems to me that Eur Usd is creating a massive triangle on the daily chart with the top currently sitting at 1.4250 and the bottom at 1.2670. Yes that is a massive triangle.
I feel that we broke a ascending trendline so the direction is bearish at least until the next ascending trendline, I’m targetting [...]