Well, my ten penneth thinks do nothing until after news. I reckon if we get a 7-2 its a long, anything less and we go short.

Cable Update (GBPUSD)

I use fibs extensivley and you can draw then over whatever period you want really, just dont use one too short - say below 15 min. If you want to learn more I use Mark Braun at url he is a real guru and provides many updates on video. Enjoy !

Daily GBP/JPY analysis

Just been reading your blog - good stuff and keep it up ! With regard to fibs you may want to take a look at a site I use, it contains lots of instructional video and is easy to follow....enjoy ! url

Daily GBP/JPY analysis

Looking at fibs I see that 241.42 is the previous intraday high and that a high/low swing has 241.62 as the extension at 127.2 fib.

Daily GBP/JPY analysis

We also have an hourly CCI just short of -100, until we break this we will stay here awhile. Time for a cuppa I think.

Cable Update (GBPUSD)

Henrycarol - please sell some more and get this market moving !!!

Cable Update (GBPUSD)

At the end of the day its not how many pips you make, but how much per pip you make !

Money Management..keeping the money...

This is all quite interesting, the over-riding mantra that I abide by is "make pips, keep pips, repeat". The next part relates to how you build your capital and retain it. I adopted a very clear financial plan from day 1. This involved only making ...

Money Management..keeping the money...

No worries, I agree with your analysis on the Euro as well !

Cable Update (GBPUSD)

Hang on buddy, there is a lot of resistance around 9700 and the fib extensions above that are relativley close together !!

Cable Update (GBPUSD)

I agree with you 100% on that assessment !

Daily GBP/JPY analysis

I am hearing that a number fo people have got absolutely hammered yesterday and today, even some of the main guys have taken a severe beating. We seem to be shifting again to a short position - any thoughts??????

Daily GBP/JPY analysis

I think you have to put this in perspective - it is like no other currency. The market is the issue here, there is no stability at present and I can normally make a steady $2000 per day, and am currently at a loss of $124 - which is not my style. I ...

Daily GBP/JPY analysis

on a Friday, in this market ?? - take your pick !!! Anything could happen. Interesting that the 15 min macd has just crossed though. I am buying on dips and selling at tops at present.

Daily GBP/JPY analysis

Sorry bud, Im in the UK so waiting for UK news!

Daily GBP/JPY analysis

I am staying out now until the news at 9.30

Daily GBP/JPY analysis

The next stop I see for this baby is 236.39 if the momentum continue - that will be a full retrace of move up from 11th May, unless the 78.6 holds.

Daily GBP/JPY analysis

Oh I so love it when I am right !

Daily GBP/JPY analysis

I expect a retest of the 237.79 fib area before we really look to go north.

Daily GBP/JPY analysis

I see that as a realistic view.

Daily GBP/JPY analysis