David, Completely agree that we need to wait. However, I expect to see a break down - looks like we have a double top on the daily with the second top being lower.

EURUSD

It doesn't really matter what the leverage is - 1:1 or 1:400 or how much one pip is worth. The leverage only affects your margin - in other words, what part of your total balance you invest in the lots for your desired level of risk.

EURUSD

May I suggest a cautious short on EUR/GBP? After such a sharp jump to all the time high it's overdue for a nice correction in the next two hours. The pair is at the top of the sideways trend that started on March 16th So, EUR/GBP direction is ...

Cable Update (GBPUSD)

1.4750 - 1.49 region provided very congested resistance. When all the emotions cool down the price just has to test it after such a rapid breakthrough. Just like with previous surges. Keep in mind we are talking weekly time scale here, I am not ...

EURUSD

Well, techincally EUR/USD has to visit 1.4850 area before breaking through 1.60... Just by looking at the weekly chart I would say we'll be above 1.60 in mid-summer.

EURUSD

Congratulations, man! What to do on South beach you ask? Dining on Ocean drive, Clubbing on Collins Avenue (next block), chilling out on topless beach off the Ocean drive. Visit your trading station in between Good luck!

So I accepted a Prop Trading job in South Beach Miami

No, why? Atheists are trading too :-) Liquidity will be low after the Asian markets close though

Cable Update (GBPUSD)

Some exotic orders AUD/NZD Long @ 1.1450 TP1 - 1.1485 (25%) TP2 - 1.1525 (50%) TP3 - 1.1630 (25%) No stop loss We are at the bottom of the ascending daily / 8H trend

Intraday Trading - Live!

xxDavid, I an not saying the crash will happen tomorrow or at the end of this recession. Give it between several months and 5 years. Of course, the USA will stay - all I am forecasting is dramatic increase in interest rates to keep borrowing ...

EURUSD

xxDavid, This mechanism of retail economy has been working so far. The USA has been building a financial pyramid by having China, Japan and the rest invest in the enormous government debt. However, as soon as foreign investments drop (and they will ...

EURUSD

And support the economy! The Chinese economy :-)

EURUSD

No definite trend right now, have to wait to consider any entries. Will be very bad news for the cable if USD/JPY decisively breaks through 105.84

Cable Update (GBPUSD)

Sounds right. I am long @1.9914, will add @.9882. As soon as USD/JPY starts to bounce back up everything will be back to normal.

Cable Update (GBPUSD)

Acidguy, agreed, GBP and EUR will be squeezed at the current levels until closer to the FED rate announcement. Best strategy for the next few hours is to go long/short on the respective pivots: long:1.9840 (daily open) short:1.9914 Realistic targets ...

Cable Update (GBPUSD)

I can't understand why some of you advocate not using credit cards at all. On the contrary, you read the fine print, get that 0% introductory cash and invest it. You pay for everything with credit cards, get bonus miles and fly for free. You get ...

Signs Of A Recession: Bank Of America

Not really gambling - GBP respects all the pivot points / resistance levels, and makes anticipated stops and bounces. Just beautiful

Cable Update (GBPUSD)

AUD/NZD is a safer bet, imho

Aussie Pairs

Looks like 25% rate cut has already been priced in, so GBP would appreciate considerably in such an eventuality. 50% cut will have a limited spike down. Further GBP fall is contained by the psychological level in the EUR/GBP pair at 0.7500. It will ...

Cable Update (GBPUSD)

Added long at 1.9692, closed everything at 1.9710. Reason for this trade - bounce off the Bollinger band

Cable Update (GBPUSD)

Long 1.9702, target - 1.9719

Cable Update (GBPUSD)