Takes time to stop a freight train and then turn it around. 1.53 is 100 pips above last week's high so anyone thinking we'll get there this week is extremely optimistic. Tough to project farther and farther out in the future, but if the bulls got ...

Cable Update (GBPUSD)

Breakout potential right here. Once above 96.25 momentum should pick up.

USD/JPY Discussion

Yup just got to be patient and let the trend do its job. Market always moves slower than a trader's expectations.

EURUSD

Yeah I make the decisions on what pairs to trade based on monthly/weekly and then zoom into lower timeframes for razor sharp entries. I think the potential of G/U skyrocketing is very minimal. That pair looks like an elevator drop and until weekly ...

EURUSD

Won't be paying as much attention to E/U as I will be G/U and U/J. Common mistake traders make is ignoring the strongest trending pair b/c they "missed the move."

EURUSD

Edit: No need spending more space on this topic. Lets just make some money.

Cable Update (GBPUSD)

Ok I think we are on the same page. Price action will generally identify which resistance area is significant by the shape of the candles it forms after touching those areas, so why try to identify what areas will provide resistance? (this goes back ...

Cable Update (GBPUSD)

I hear you on that...trade what you see not what you think is going to happen. Looking at your 1HR chart I see a lot of trendlines, "resistance zones", Fibs, etc..so many to me it looks like clutter and of course price is going to bounce at one of ...

Cable Update (GBPUSD)

Check out my favorite contrarian indicator. Big retail long interest in the pair, which gives me confidence to hold my shorts. url

Cable Update (GBPUSD)

Nice analysis I agree completely. Trading really is as simple as checking which color the last candle is for monthly/weekly/daily charts and trading in the same direction. What is "OPA" because I'm not sure what you mean by that. What kind of ...

Cable Update (GBPUSD)

Here is my game plan for next week assuming we don't crash these last 2 hours and make a new low. Just following the weekly candles (not to mention last month's candle). Personally I think its insane to be buying right now. Whats to say Cable ...

Cable Update (GBPUSD)

Yeah you would have to open an account. I know they are part of an ECN so they offer competitive spreads. I haven't really noticed the spread being too much even in Asian session which I trade frequently. Maybe you're a scalper and then spreads ...

Cable Update (GBPUSD)

Looks like I anticipated just an hour early. Now hourly looks red. Bears in control for next hour at least. Also...look at USDJPY...much more fun!

Cable Update (GBPUSD)

pipnapper, Give TradeStation a look...best charting by far in my opinion.

Cable Update (GBPUSD)

For those who missed the boat so far...now is worth a try long.

USD/JPY Discussion

Hourly close under 61.8% Fib (1.5037) of yesterdays range. Ideal situation for bears would be for 1.5037-1.5044 to hold and next hour ends up being a bearish engulf. I'm not trading it as it's not a obvious trade and therefore has a lower chance of ...

Cable Update (GBPUSD)

Sorry to hear that. Not necessary to post your logs...but I don't know maybe just don't post late trades as they can't really benefit anyone and you can avoid questions from people like me. No offense, again.

Cable Update (GBPUSD)

No offense or anything, but why are you posting your trades so late?

Cable Update (GBPUSD)

I just think this whole area will likely get retraced next week so you're prob making the right choice. Besides why watch Cable right now when U/J is just so much more fun.

Cable Update (GBPUSD)

Yeah not really feeling like a conviction sell anymore. Very similar bottoming pattern last week on 2/27. Looks like it is going to fall through the floor with some very weak closes on 1HR/4HR and then no follow through. Not a buy signal or even a ...

Cable Update (GBPUSD)