I've noticed it's not uncommon to get a strong upsurge like this around this time of the night in the USofA. However, when London opens, there is generally quite a bit of selling. I'll be up late tonight, so i'll be interested to see what happens ...

Cable Update (GBPUSD)

A bull trap or a bear trap?

Cable Update (GBPUSD)

Is there a 10-15 pip gap on everyone's charts, or is that just mine?

Cable Update (GBPUSD)

My view, for what it's worth. image This is a 4 hour chart. What you see in the box is called consolidation. It's going to eventually break up or down. The wicks on these candles mean indecision. Generally, if I see all of them in one direction, I ...

Cable Update (GBPUSD)

Thanks, I shall do so.

EURUSD

I wouldn't mind seeing that as well. But 1.67 would be even better.

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I like seeing volume at levels like that. Does anyone have the code for this? I'd love to add it to my chart.

EURUSD

You mean through the end of this month?

Cable Update (GBPUSD)

True, but economies are not simple. There are a lot of other factors involved here. For example, if people are ditching their dollars for something else, that makes the dollar weaker. And because of this news, people are ditching their dollars for ...

Cable Update (GBPUSD)

These two points seem contradictory. Don't majority of traders=market sentiment?

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Can someone explain this "Current Account" stuff to a yank? The headline is, "UK current account deficit balloons to highest since 1989, GDP growth strong" The number here is 20.7b. Yet, if you look at the September numbers, under "previous" it says ...

Cable Update (GBPUSD)

Where are you saying this data? EDIT: Seeing, not saying. Bah.

Cable Update (GBPUSD)

Seems to be a pretty large battle here between bulls and bears. If we head down below the weekly and monthly trend line (That we bounced off of the other night) then I'd say that's a solid signal that the bears won. If we get up and stay up over the ...

Cable Update (GBPUSD)

The four hour has already broke down.

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The tiny picture, it hurts my eyes!

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Are we forming a head and shoulders here? Kind of a strange looking head and shoulders. What do you think Jimmy?

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There are always pros and cons to a stronger currency. Too many people have the short sighted view that strong currency = bad for the economy. This isn't necessarily so. A strong currency means you can buy more stuff. What would you rather have, ...

Cable Update (GBPUSD)

As usual, I don't know where this is going. But I like the tails to the south. So I bought at 16385 (Although I started my buy at 16380 but did a market and ended up purchasing at that level).

Cable Update (GBPUSD)

Could be all kinds of things. 1) Could be the traders favorite excuse, manipulation. Banks and such have sold quite a bit over the last week. They took their profits and caused it to spike up. Now they'll begin selling again. 2) Could be there are ...

Cable Update (GBPUSD)