I'll try and post something this week. Basically though, I'm bullish on pound sterling and bearish on the US dollar. Anything in particular you would like me to have a look at?

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

So, more than a year on, how did my 2020 forecasts posted on the first page of this thread for the dollar index; GBP/USD; EU; and USD/JPY pan out? At the end of 2019, No one saw the virus hitting the markets the way it did, so that explains the big ...

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

A humble word of warning to all traders. I have been a member of forex factory for 11 years, and have seen many many traders come and go. A little bit of success and the novice trader begins to believe he/she is invincible. They begin to increase ...

Cable Update (GBPUSD)

Anyone who was buying here yesterday needs to re-examine their methodology. I know some people were, and they got badly burned ( page 28604 )

Cable Update (GBPUSD)

Just to add to my last post identifying the 2-day diversion pattern on cable, and for those who overlook diversion in their analysis, here's a monthly chart showing the diversion on the Dow Jones Industrial Average, which I trade, at the end of ...

Cable Update (GBPUSD)

I pay great attention to diversion patterns, on any time frame, as they are often the first indication of a potential change of direction or correction. The 2 day is showing this one clearly. It hasn't got anywhere near completing yet, but worth ...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Dangerous looking double top for bulls on this H4 chart. Downside arrow potential scenario.

Cable Update (GBPUSD)

The above diversion did the job, sending the price down 175 pips so far. The 61.8% fib level has been a key support level during the past 24 hours ( yellow marker ) so we'll see if it will come into play again today. If it cracks, then the 76.4% ( ...

Trade the Dow/Dax

Dow pushing up to 200 now, with today's R1 pivot at 224. I'm watching this developing diversion pattern closely on the 30m tf.

Trade the Dow/Dax

31,000 holding on Dow as you can see. Nice 300 pip drop after I posted yesterday. Same applies today. Watch that 31,000 level from here up to around 31,100 or so.

Trade the Dow/Dax

Big move up again on the Dow, and as I posted before, this 31,000 area is still a potentially big resistance area, up to I would say around 31,100 if it does get up there and breaks above the 31,000 level. I have today's pivot level R3 today at ...

Trade the Dow/Dax

Well well well! If you watched the video above, you'll know that I predicted the 31,000 area as potential strong resistance. Well, it didn't get that high, 30,805 to be exact, just below today's pivot R2. What that tells me is that indeed, the big ...

Trade the Dow/Dax

Happy New Year dear traders! May 2021 bring all your hopes and aspirations to fruition. Haven't been here for ages, but to begin the new year I thought I'd start the first trading week of the new year with a short video previewing the Dow Jones. The ...

Trade the Dow/Dax

' Strategy ' is a misleading term that causes inexperienced traders to assume that all they need to do to profit from the markets is to find a winning strategy. If only it was that simple. Trading is much more complex than that, on so many different ...

How do you come up with new strategies?

Amusing reading some of the comments to the relative lack of reaction to the trade deal announcement earlier today here on ff, people wondering why cable was not flying. There was always going to be a deal, the banks knew it and institutional ...

Cable Update (GBPUSD)

Good title for a thread this, just amazed it's received so little interest, especially seeing as for most traders, there are so many obstacles that it is difficult to list them all here. I drew attention to analysis paralysis in my comment above, ...

main obstacle for traders