morning folks...DONT panic about cable, its just stuck in a range at the moment between 1.6350-450. FUNDAMENTALLY has anything changed? NO...the US economy hasnt improved, so no dollar strength, and the chances of QE2 in britain unlikely as we got ...

Cable Update (GBPUSD)

1.63 has been tested as support on 4 occassions, so if it goes down there i expect it to break thru and cable to drop....right now im looking at 1.6380 as minor support, then 1.63.

Cable Update (GBPUSD)

1.63 has been tested as support on 4 occassions, so if it goes down there i expect it to break thru and cable to drop....right now im looking at 1.6380 as minor support, then 1.63...

Fail Better

hi, does anyone see a rounded retest on cable hourly at 1.64?

Fail Better

to be honest no-one knows whats gonna happen tmrw...u could have an overnight earthquake wipe out california, or mount vesuvius could suddenly blow up, who knows...all iv learnt this year is just cos something is bad doesnt mean the market think its ...

EURUSD

Larseg, u say that euro could go to 1.4100 again... but i want to learn so just a few questions 1)did price stop at 1.4188 as its the weekly pivot area 2) did u go short based on the bearish candle that formed at 1.4188 3) short on the bearish ...

EURUSD

morning all, iv missed the euro long and am hoping for a pullback to 1.4120 to get long

EURUSD

sorry my mistake, what i meant to say is, if the DXY is bullish and breaks past the neckline, then potentially euro and cable would be bearish, however in the past iv been caught out by assuming that euro and cable follow each other in tandem. I can ...

Cable Update (GBPUSD)

does the US index affect euro only or does it affect cable as well? Im asking because DXY chart shows an inverse head and shoulders which if it breaks the neckline would mean euro and cable bearish right? or wrong?

Cable Update (GBPUSD)

im just looking at the hourly...uv got a demand zone around 1.6100 where cable keeps bouncing, but isnt the current candle pattern forming a "falling three" pattern...so continuation downwards...or am i incorrect on the pattern due to the large ...

Cable Update (GBPUSD)

hi guys, just looking at my chart, just want to see if im reading off the same hymn sheet...iv got support or demand zone at 1.6000 to 1.5950 area, and resistance at 1.6372...and the 50% retracement of the rally from dec end to now is at 1.6048... ...

Cable Update (GBPUSD)

according to BABYPIPS, use pivot points as a form of support/resistance and if they line up with any fib levels then give them more notice, some people use moving averages as support/resistance, but yes, if i look at my chart then current resistance ...

EURUSD

thank you for the babypips advice, just read it and makes sense, according to them they can be used as support and resistance levels, so at least i know now... so if we can break past daily open then my targets are 1.4316, 1.4350, 1.4380

EURUSD

morning all, just trying to learn more, but does price normally interact with pivot points at all, cos iv got daily pivot at 1.4198 and weekly pivot at 1.4208 and monthly at 1.4581...so do i assume that with price well above those points its bullish ...

EURUSD

astroman, if there is no such thing as removal of wealth and only transferral of wealth then there would always be market equilibrium, there would be never be recession or growth. think about it, the US housing market is in the dumps, when there are ...

EURUSD

i think the point you are missing is that there is an infinite supply of money in the market, but it is based on a finite resource, that money can be removed and added to the system but it doesnt increase or decrease the resource itself. if you have ...

EURUSD

not to wanna butt in, but you're not being logical... you've bought a house for 100k cash based on current valuation, not based on what you would get if u sold every brick to the market, tmrw, the valuation drops to 80k, if you now had to sell, you ...

EURUSD

oh god, i just caught up and read Mervyn King speech, so looks like a rise in interest rates is off the cards, so yep, looks like the great cable descent may have started, but does anyone see a small retrace back to 1.6550 or even 1.66, or am i ...

Cable Update (GBPUSD)

hi guys, just had a look at oanda, and their retail positioning on cable is 47% long, considering last week it was 33-37%...so a reversal could be close, but with the crap PMI today, and the GDP figure being flat, and CPI starting to drop, do you ...

Cable Update (GBPUSD)

so technically is cable still in a bull flag...it could retest 1.65 again before breaking forth at speech time to target 1.67... however the US dollar index looks like its printing a doji on the daily, and a hammer on the 10min chart...

Cable Update (GBPUSD)