And this is exactly why I have been saying to members here DO NOT short the USDJPY

Again this morning two nice candlesticks to signal an entry off the lower trendline as per the earlier daily analysis . Hope lots of you got in 🙂

Looking at the chart I see a nice channel (pretty hard to miss really 🙂 )  So signal for today will be to take notice at 3 places . If we get a nice candlestick and price action fails to break the top line B then maybe grab a short down to the middle of […]

We had two alerts this morning giving up a nice amount of pips. Below are the signals in the live alert box: and the chart: Both signals were at the previously announced support and resistance points and both gave away a nice result .

We have been previously watching the channel lines marked B . However I have a feeling that we might start heading down again off the downward trendline marked C on the chart with resistance at 1.37. Just a feeling I have . so before taking longs look for a sustained break of the lower B […]

Another nice alert today ! Alert came with a failure of the price action to break down the lower trendline : We then see what happened on the 30 min chart following the Candlestick alert.

As mentioned in the members Weekly forecast we have to see if we have hit a bottom as we have possibly an uptrend starting here again. In any event prices arnt really moving much right now so similar to yesterday watch for a break of A followed by a failure to break back above A […]

We had a couple of nice candlestick alerts today on the USDJPY and the GBPUSD so I’m posting the charts below to show the candlestick formations and the Alert Window of the Traders Edge. Firstly the GBPUSD  : Above is the Alerts Window in the members part of the website and shows the alert for […]

For the short term we have 2 places to watch A and B on the chart. the downtrend line and 1.36. As i type this the market has just opened below 1.36 so we need to watch to see if this move is going to be sustained . in other words watch to see what […]

Lovelly drop today  for those who were short , congrats to those who were. For today look for a retracement before going short ,back up to the sloping downtrend line B. also look at 1.3950 as a possible retracement point , however I would want to get in higher as your stops are going to […]