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GbpJpy Hi Nigel and all PAST traders Just to say the gbpjpy trade possibility looks good. I was looking at it and saw a possible head and shoulder with some serious downside possibility. Please see chart. I like trades when there is a confluence of trade ideas pointing to the same trade and...

Hi Aquarius Thanks for writing up some of the psychological aspects of stop loss placement. Now I subscribe to the let your profits run model but there is a cost involved. That cost is the gap between current price and current stop loss. Many times I have seen trades yield more because I...

EurAud A belated Happy New Year to everyone. Wish you all loads of pips this year. What do you guys think about this one? Warning though 1.5000 is on the horizon and I dont like shorting into support but if support goes price could go a lot further Olu

Weekly Newsletter Thanks Nigel for the GbpJpy idea. It appears Gbp is taking its own hit at the moment. The weekly charts against a lot of other conterparts are showng reversals. Perhaps a major downtrend in gbpxxx is starting. Olu

Candidates I am putting this ones up for consideration NzdUsd GbpChf AudNzd Olu

Well said Nigel. Price action was strong to the upside today. :D Olu

Seconded

AudUsd I am already bearish the audusd. Tried looking for support lines as per the PAST strategy and could only come up with these. For the strategy I normally like support lines that span more time than these. OLu

EurCad Thanks Nigel for the weekly newsletter highlighting the possibility in the EurCad. I was looking at that pair after market close on friday as the best candidate and when I saw it in the newsletter I said to myself 'You have taught this system well'. Well done Nigel By the way here is...

1000 pips:D Olu

Nzdusd Sold this one earlier today. Olu

Like the GbpUsd Too I have been looking at the charts to see which pairs set up for the PAST strategy for this week. Saw the pound and thought to put up a chart on the forum. I see Nigel and MyKnees have already picked up on the Pound. I am happy we are thinking the same way and seeing the same...

Hi Pa_Pips Is this trade according to the PAST rules. I rushed to the charts to see whether I have missed a PAST setup in the majors but for the life of me I cant see your trade conforming to the rules. Olu

VictorFx I feel for you today. We we both looking for trend line break to the downside but this idea was scuppered by the deal which turned everything to 'risk on'. I have also done the trying to sell bit - recently I hasten to add and have learnt the hard way to be measured in the...

again not today. It broke down and then rallied back up stopping me out in the process:mad: Olu

gbpusd Today might be the day....

GbpUsd No break. It rallied back up:mad:

Comment Its funny that the euro and the gbp are topping against the $ despite all the problems in the US at the moment. What if there were no problems in the US?

GbpUsd About to breakdown as we speak...

We have a similar list MK. Gbp just broke down towards the end of last week. The challenge is to pick the best gbp pair to go with. I will be looking at gbpusd (this covers the dx and gbp together) and the usdchf Olu