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Galation replied Mar 6, 2009GBP - Overall, still many more short contracts than long contracts, however, over 3 times as many longs placed in the past week than short orders. Maybe a consolidation week for the GBP. There is still significantly more traders holding shorts for ...
The WoRmHoLe
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Galation replied Mar 6, 2009Commitment of Traders — Commitment of Traders, Just released for past week of trading. If you don't know the COT report, it basically shows the contracts that a set number of traders have commited to. The COT report is a great way to measure ...
The WoRmHoLe
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Galation replied Mar 6, 2009GBP - Overall, still many more short contracts than long contracts, however, over 3 times as many longs placed in the past week than short orders. Maybe a consolidation week for the GBP. There is still significantly more traders holding shorts for ...
Trading EUR/USD & Majors, Longer Term
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Galation replied Mar 6, 2009Commitment of Traders, Just released for past week of trading. If you don't know the COT report, it basically shows the contracts that a set number of traders have commited to. The COT report is a great way to measure market sentiment, which ...
Trading EUR/USD & Majors, Longer Term
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Galation replied Mar 6, 2009After that terrible US data came out, the cable has still fallen over all in the day. There aren't too many good fundermental reasons to buy the cable. There is a lot of downwards pressure on it. I would not be surprised to see new lows soon. We ...
Trading EUR/USD & Majors, Longer Term
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Galation replied Mar 6, 2009I think this report from the Action Forex tells it very well - url The British pound depreciated vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.4075 level and was capped around the $1.4305 level. Data released in the U.K. ...
Trading EUR/USD & Majors, Longer Term
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Galation replied Mar 6, 2009Wow, that's a big target you have there
Good luck with that mate!! p.s. I presume you mean 1.47. This pair usually ranges up and down quite a bit, make sure you lock in your profits, ok!Galations - EUR/CHF
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Galation replied Mar 6, 2009I am short bias, however, there are many pointers towards a bullish configuration. Can I add some constructive comments as well: The cable is gay!!!!

Cable Update (GBPUSD)
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Galation replied Mar 5, 2009You rekon the gj is gonna drop 900 pips?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Galation replied Mar 5, 2009Potentially sell on touch, or near the top of this channel. On the daily, there is still a big descending triangle, which is currently respecting the trendline.
Galations - EUR/CHF
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Galation replied Mar 4, 2009A lot of people will be looking at this intraday short term trend line. But still, a piercing means jack.
Cable Update (GBPUSD)
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Galation replied Mar 4, 2009Price reversal levels (support and resistance), and short term trend line on the one hour. Descending triangle. Price at this moment is around that area. The US news will be important. If it is better than forecasted, then there will be fresh ...
Cable Update (GBPUSD)
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Galation replied Mar 4, 2009That can quite easily turn into a descending triangle, with tighter price action, with a break down.
Cable Update (GBPUSD)
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Galation replied Mar 3, 2009Is your remote control playing up? .... Or has your computer frozen?

EURUSD