Okay, I don't think anyone will be interested in reading what a slightly tipsy guy has to write, so I'm signing off now. image

Cable Update (GBPUSD)

That's what the market makers want you to believe. My grandmother used to tell me "When you see everybody running in one direction, get out of there way, let them pass and then walk slowly in the other direction" She was a smart lady.

Cable Update (GBPUSD)

Under normal market conditions I would fully agree with you, but the fact remains that the market doesn't give a toss about the current account deficit right now. All they care about is what Carney and Bernanke said. Carney said that QE has ended. ...

Cable Update (GBPUSD)

The headline is obviously misleading. It probably should have read "UK current account deficit balloons to highest in a 3 month period as a share of GDP since 1989" September's number was revised to -6.2 Bln

Cable Update (GBPUSD)

Okay folks. Happy cable trading. The only think I will be trading until New Year is food and drink... and maybe some body fluids All the best to all of you Cheers PT

Cable Update (GBPUSD)

Do you mean 1 minute or 1 month? If you mean 1 minute, forget it. By the way, I have personally never see an expanding triangle on wave 2 or 4. It is more of a B wave pattern. In very rare cases, a leading diagonal can be mistaken as an expanding ...

EurAnalysis

No doubt the equity markets are long overdue a correction and we will probably see it in January, but then as long as the US economy still looks good, equities will continue upwards. I expect to see at least a 10% correction, but most time my ...

EurAnalysis

A triangle is always a corrective formation. The only question is whether it is bullish or bearish. It doesn't matter if it is a contracting or expanding triangle, the rule is the same, and that is if the triangle is correcting a bullish trend, then ...

EurAnalysis

Ahh it's all the same. Just a slight synchronization failure in the calendar Enjoy mate

EurAnalysis

I know about 10 people who do not believe in anything but themselves and their friends/family. To me they are still people and deserve all the same respect as everyone else... including me. Anyway, yes I am now on holidays until the new year. ...

EurAnalysis

Well it's Friday folks and it's also the last weekend before Christmas day. So for those of you who are of Christian faith like myself, I wish you a very Merry Christmas filled with love, peace, joy and good health. For those of you who are of ...

EurAnalysis

I've had the odd day like that, but then I've also had the odd day where I've lost much more.

Cable Update (GBPUSD)

Yep. It's these kinds of markets where scalpers can pull in 100+ pips over a few hours. I'm not a scalper. In fact I hate scalping, but today I managed 60 pips in 5 trades. I feel dirty, but it's money so I'm not complaining.

Cable Update (GBPUSD)

If 1180 gives way, 1105 is next

The Club!

After another retest of high and maybe higher. I am still looking for 1.6500/50 area before a collapse, but yeah... we're close to a full steam reversal. Same with EUR/USD. 1.39/1.4x and then 1.14 or lower.

Cable Update (GBPUSD)

How much lower? image

Cable Update (GBPUSD)

Yes 3550 (or thereabout) is almost definitely in play, especially with that outside day reversal candle we saw yesterday. However, I still expect a pullback to 3720 area first. E/U Daily image

EurAnalysis

Well done

EurAnalysis

Baaaaaa I post my views and charts in order to share and learn. If members see something they like in my posts, they use it. If they don't, they either ignore it or they can criticize it. Entirely up to them. Simple as that.

Cable Update (GBPUSD)