German consumer confidence coming at 9 gmt and is expected good. Yen on the other side is crap as ffleo said.

EURUSD

Sounds similar to martingale. Does not always work and you might keep adding and adding until you almost eliminate your account if it goes against you. ***points at self*** fti has a nice thread which includes some strategy close to it - rescuing ...

EURUSD

1.6148 is the day open so it has to be defended by bulls.

Cable Update (GBPUSD)

I think it will hit 1.6215 and then 1.6257 before falling. Numbers come from the WSS trading system on 15m/1h/4h. But generally I am always short in whatever instrument so I will not bid them.

Cable Update (GBPUSD)

Why 4:30 and not 5:00? Leaked data from the inflation report?

Cable Update (GBPUSD)

Charts can ignite news too. EU going to 1.38 hurting EZ recovery & exports makes ECB drop rates or discuss negative rate. E/CHF coming close to 1.20 makes Jordan come out of the closet to say he will buy unlimited FX to defend the cap driving U/CHF ...

Cable Update (GBPUSD)

These are my targets for the week. I am only affraid of the 200EMA sending it upward or if it goes back to 1.62 by tonight.

Cable Update (GBPUSD)

ECB Linde speaking. Says ECB will keep rates low for a very long time.

EURUSD

Btw US services PMI was not on the FF calendar. It is 57.1 vs 49.3 previously. Explains the sudden move down 10 min ago.

Cable Update (GBPUSD)

I am also using them for the TMS system (by eelfranz) as they seem to give better signals than 4h. But was thinking if their use is perhaps to compare sessions and not for actual use as they contain too much data. Btw, it seems that U/CHF is very ...

Cable Update (GBPUSD)

Tau, why do you use 8h bars? Do they give a better sense of the trend or you just want to differentiate sessions with them? Ty in advance.

Cable Update (GBPUSD)

ego & hope <> making money! and ego is source of arguments speaking from personal experience...

Cable Update (GBPUSD)

I guess we are seeing it differently. I am talking about the general volatility and the movements that happen inside one 4hr bar (projected to 2-3 days) which is what I am mostly trading. i.e. EU will move 40 pips up in a 4hr bar and during that 4 ...

Cable Update (GBPUSD)

GU is more pips per effort / trade. EU can be very stubborn and move between 20 pips for 2-3 days. AU on the other hand is good if you can follow a trade for days as once it begins a move it keeps it for days and then just changes direction for ...

Cable Update (GBPUSD)

Hint was already given by Bullard a couple hours ago. "Many members stressed the data-dependent nature of the current asset purchase program, and some pointed out that, if economic conditions warranted, the Committee could decide to slow the pace of ...

EURUSD

Something is underway in EUzone. First the talk of bail-in for some months now, now negative rates and more QE. Guess ECB is preparing to print

EURUSD

It's funny how Fed tries to pump the Euro and then ECB comes and tries to devalue it. Cat & mouse for the past month or so.

EURUSD

I made a mistake and posted R2 instead of S2.

Cable Update (GBPUSD)

I think it will go to S2 today. Too many rejections on the upside on 4H.

Cable Update (GBPUSD)

Just heard something on squawk that EU will apply EU-wide taxes on CFD's FX etc. Not sure what it was about as I am in the office and there is a lots of noise but it seemed to move EU down a bit. Anyone else heard and can clarify please?

Cable Update (GBPUSD)