There was a H&S forming yesterday with a projection to 1.5960 or so and we're beneath the neckline now...

Cable Update (GBPUSD)

Why? The pattern isn't forming on the daily. Why trade 1h patterns and look at 1d trends?

Cable Update (GBPUSD)

Doesn't it have to be in an uptrend to be a continuation bullish pattern?

Cable Update (GBPUSD)

I confess I am surprised that the cable is still above 1.61 considering the beating everywhere else :o

Cable Update (GBPUSD)

Hum... I see what you mean if we measure the risk in terms of pips/capital it is safer to go short. But if the trend I identified is correct, meaning its up, the odds that our stop is hit is bigger although we risk less capital. Of course, if the ...

Cable Update (GBPUSD)

What do you think? — Hello everyone, Long time lurker, first time poster in this thread. Here is what I see: 1) The break of 1.6018 indicates a possible trend reversal (bullish) 2) Going above 1.6071 puts the price above the previous momentum ...

Cable Update (GBPUSD)

Just to share something I left on the GBP/JPY thread... Made good money on the way up, expecting to make more on the way down

Cesarnc's market talk, gossips, rumours & fun

Just to add my 2 JPY... I have been trading this pair since April on the long side accumulating positions since 198.60. The pair has moved in a clear mid-term uptrend channel which was broken yesterday on the weekly chart giving a clear sell signal ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Freddie is out... Fannie is on Friday... always confuse the two :o

Cesarnc's market talk, gossips, rumours & fun

Everything is so quite in here today... no one making crazy forecasts for Fanny in a few hours?

Cesarnc's market talk, gossips, rumours & fun

I wonder what happens when the Dow realizes that oil is going down because of "perceived" slowdown... weak oil is not good for the Dow.

Cesarnc's market talk, gossips, rumours & fun

Nice rally today... are we going to sell the news of the FOMC rate cute before the close?

Cesarnc's market talk, gossips, rumours & fun

Time to pull the short trigger as S&P dances around 1258... I hope

Cesarnc's market talk, gossips, rumours & fun

You got to be kidding me! Someone check if I'm understanding right because this seems to stupid to be true. 1) Merrill has crappy assets and sells them for 30 billion taking a 4.4 billion loss 2) Company that wants to buy the assets does not have ...

Cesarnc's market talk, gossips, rumours & fun

Pre-Tax? They pay taxes on writedowns? Edit: At least this explains why the futures are pointing up... guess the market expected worse... or maybe it doesn't explain anything...

Cesarnc's market talk, gossips, rumours & fun

I do see but just wanted to show you the big picture, or at least the medium-term picture where the pair is in clear uptrend. Now 214 was support on the way down it is only natural that acts as resistance on the way up and it is not the best place ...

GBP/JPY with Seaward22

What ranging? 218 seems like the top of the channel for now but I would not be surprised to see it closer to 220 where the next big resistance is. I'm riding this wave for over 3 months now and I probably my last buy in the recent dip to 208 and ...

GBP/JPY with Seaward22

It can cease to exist... this market has 30 years, its not like it has a long story. We can always go back to sound money or even other forms of stupid money that would work with fixed exchange rates and there it goes the market out of the window. ...

If the world goes into recession, what happens to trading Forex?

I'm enjoying the GBP/JPY roller coaster... hell of a ride these last days, almost shaked me out

Cesarnc's market talk, gossips, rumours & fun

Just two... gold and silver

If the world goes into recession, what happens to trading Forex?