I don't think he was saying that trends don't end. Instead I think he is saying, go with the trend until a new trend is established. Trying to call the end of the trend is pretty darn tough.

EURUSD

Oops. Yes, better for exports, as our goods become cheaper. Dunno why I said imports.

Cable Update (GBPUSD)

I don't think a market crash is coming anytime soon. At our current level we have half the equity in the market that we had when we were at previous highs. So there is a lot more money out there to go into the markets. Plus, if you count for ...

Cable Update (GBPUSD)

The opposite of that. If people are converting USD to stocks, as they are doing now (Stock market at all time highs) it's bullish GBPUSD. If people are converting stocks to USD, as they did back in 2008 (Stock market crashed) it's bearish GBPUSD.

Cable Update (GBPUSD)

No, more like the market crash in 2008 that lead to a bear run in GBPUSD.

Cable Update (GBPUSD)

If US Economy is doing well, that means people will get rid of their dollars and exchange them for stocks. When they do that, it makes the dollar weaker.

Cable Update (GBPUSD)

As to the rate increase. I know that Carney has said QE is pretty much done (And it's been done awhile) but what talk is there of a rate increase?

Cable Update (GBPUSD)

To the pattern traders who aren't already passed out from new years eve celebrations, did we just get a 3 white soldiers pattern on the hourly?

Cable Update (GBPUSD)

So far my hedging strategy has been flat. But I consider it a success at this point because it gave me peace of mind. First I lost $3.00 because when I hedged my broker sent me an auto email saying I was in danger of going below 125% of my account ...

Cable Update (GBPUSD)

I'm already in. Been in for awhile now. Just been hedging.

Cable Update (GBPUSD)

It seems I'm all alone here and headed to bed. Wanted to draw the final closing hourly triangle. Did it two different ways. One triangle is by the base of the candle, the other is by the wick. This way I'm not cheating. Looks like we have a triangle ...

Cable Update (GBPUSD)

I don't ever post here but I thought I'd point out that GBP is on a tear right now across many different pairs. Don't know why though.

GBPCAD

So far we bounced strongly off the bottom of the triangle and are headed back up. (EDIT: Chart is Hourly) image

Cable Update (GBPUSD)

Ah! Thanks, that makes sense. Appreciate your time.

EURUSD

I apologize for my ignorance here and I'm not trying to be obtuse, but what does SU mean?

EURUSD

Wherever it says bank holiday all day is where forex is closed for the day?

EURUSD

When does Forex close down for most of the West and New Years?

EURUSD

I still think we are in a triangle consolidation pattern. No idea which way this will break. (EDIT: Chart is Hourly) image

Cable Update (GBPUSD)

I guess the difference between us is how I work my own strategy. I waited until I got home from work to share this idea though. I'm sure it's not an original idea, but I haven't read it elsewhere. Therefore, if it has a name and an inventor, I ...

Cable Update (GBPUSD)

My first month of forex I lost half my account. I won't even bother to give anyone a heart attack by saying how much that is. I kept trying the different techniques and systems that people have posted here and kept losing my ass time and time again. ...

Cable Update (GBPUSD)