Agree. Entered short a little to early at 0.79962 Maybe add one more later.

EURGBP

Careful with long on the cable. Strength meter on 5m shows GBP getting stronger.

EURUSD

OneCoolNick, I use it to confirm trends. It's not very good in a strong ranging markets and unexpected break-outs, but I find it very useful to refer to. Daily FX had a very good article on it by Tyler Tell some moths back.

EURUSD

NoCoolNick, The Ickimoku might give you a hint.

EURUSD

My 2 cents: Will be very careful with longs.

EURUSD

It's on the way down again, but hedge it earlier with short on EUR/GBP .

EURUSD

What is wrong with the USD it went into a free fall. Any news that I missed?

EURUSD

It sounds if US data is going to be good. We will get our move down then!

EURUSD

Thanks NoCoolNick. Well, that looks better. See the others talking about longs.

EURUSD

Now I'm worried. In a short and have a sell order for 1.33450

EURUSD

Think a bounce and then back down this afternoon.

Cable Update (GBPUSD)

Nanningbob, have not heard the golfing story, but what you are saying is spot-on!! Wish all the traders will read this. One has to adjust to the market, not only weekly, but even daily.

Trading Without a StopLoss

Interesting is that the Fabonacci Povits moved and the 3rd support is now at 170.575 and the daily candle show a bearish HA. Looks promising.

GBP/JPY

Thanks for that pipshuvits5, because I placed a Sell order at 172.200 and went to bed. Was a bit of a shock this morning to see it was triggered and the price went higher. Think 171.63 fibo still valid. Waiting game!

GBP/JPY

Have no idea what just happen. Luck on my side, forgot to put TP in and made a unexpected quick 50pips. What now?

GBP/JPY

On the 4H it's trying to break the Fibo 3rd support and the Stoch indi agrees for further down.

GBP/JPY

I am also weary of shorts, can't see it last, but for now it still bearish on the 4H although my D shows bullish, so watching her.

Cable Update (GBPUSD)

It's a good day! GU an GY shorts still open. All SL moved to profit positions. Bones, you were quite right!!!!

Cable Update (GBPUSD)

Both EJ and GJ broke trend line. Can't see reason for it. Entered shorts.

GBP/JPY

Closed my short with 2 pips profit. If she is going somewhere, it's probably up. Will see before London opens and data coming out.

Cable Update (GBPUSD)