Understood, and your points were excellent. However, I do not believe that technical bullishness is subjective. It is a binary (objective) thing. Either it is bullish or it is not.... Just like pregnant or not. There is no such thing as a little ...

Cable Update (GBPUSD)

You make a very good point. However, what I see in the price action is higher highs and higher lows. So, until the additional Blue and Red trend lines I drew on your chart are convincingly broken, the chances are that they will delineate the bulls ...

Cable Update (GBPUSD)

Okay... No more preaching from me. I promise. I just thought I would share how I look at the markets. I'm not always right, but this business is not about what is right and what is wrong. It is more about what is more likely. So if it looks like a ...

Cable Update (GBPUSD)

One thing I have learned over the years is that major market players will always try to move the market in the direction where they are more likely to find stop loss orders. If the majority of retail traders are short, then obviously any major ...

Cable Update (GBPUSD)

How to Identify the Beginning of a Bull Market If you’re into trading stocks, bonds, and other risk assets (FX Included), being able to identify the signs of a bull market can help you plan your trading strategy for maximum benefit. Signs that the ...

Cable Update (GBPUSD)

I drew the yellow lines last Friday. My timing is way off but the levels have played out well so far. G/U H4 image

Cable Update (GBPUSD)

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EurAnalysis

Oh I am sure he will. Anyway, no rate changes and I suspect there will be no policy changes either. Most likely he will try to talk down the Euro and fail... as always.

EurAnalysis

It's also the 127% retrace of the last leg up. E/U Daily image

EurAnalysis

Scott, It's obvious you had a trend line there and subsequently removed it. Ring any bells yet?

EurAnalysis

My hunch has worked out in my favor, but still it has almost zero momentum. So now it's up to Draghi to ruin the Bull or Bear party. Personally, I think the bear party is already ruined, but if Draghi announces negative deposit rates, it's gonna ...

EurAnalysis

Let's see if Super Mario can deliver the X factor tomorrow.

The Club!

Minutes of the Federal Open Market Committee December 17–18, 2013 url

EurAnalysis

Fed minutes: Most participants saw taper as appropriate, cautious first step url image

EurAnalysis

No earth shattering reaction from the FOMC minutes. I'm still favoring longs on the Euro, but I think I'll sit on my hands until the ECB presser and the NFP release are behind us.

EurAnalysis

This is only a hunch Gno, but I strongly feel we're going to get a risk-on rally today after the FOMC minutes. The techs are streched to the downside on the Euro with bullish divergence building on H4 and H1. That has to be good for a bounce ...

EurAnalysis

IMO it's a great spot to buy when considering RR. However, we have a few major event risks ahead of us... FOMC minutes, ECB statement and NFP. Therefore I'm going to be very cautious till Monday.

EurAnalysis

I think they are out to lunch with that count. Surely the E/U will see the bottom of the monthly triangle at a minimum (if not lower) before we see 1.60 again. In the interim, I'm sticking to my 1.44/1.45 upside target for Q1 2014. Then down... way ...

Elliott wave outlook

I bet that they are all wrong

The Club!

Sorry, but I don't understand your blue count as I am not familiar with that style of counting. Therefore it would not be right for me to give you a critique. Perhaps Infinitus or Chess King know more on the subject than I do.

EurAnalysis