Excellent point about liquidity. The other point to be brought up is that the figure 1400 trillion is at least double counted, since there are at least two counter parties to every contract.

Investigating The Next Black Swan

The battle is raging at 1.4480. How does your Volume Analysis look at these levels?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well the inverse H & S's turned into a double bottom and we have had a nice bounce off it. Still a bit of a fight to get it over 1.45 though. US Stocks may help, but then again it's FRIDAY. GREEN PIPS to All.

Cable Update (GBPUSD)

Here is the chart: image Working on the Neck Line now.

Cable Update (GBPUSD)

It has 1.4480 as the neckline. Interesting to see if it materializes or is just a head fake.

Cable Update (GBPUSD)

The battle is on — It looks like 146 is going to be a more significant barrier to breach than 144 & 145 were. Will have to watch and see if it gets taken out and if it can hold.

Cable Update (GBPUSD)

It's never a bad thing to get away from the market for a bit when we are out of sync. The nice thing is the market will always be here and ready to give you GREEN Pips. Have a nice relaxing weekend.

EURUSD

I see consolidation and choppy markets for a while. I have a small long left on with a nice wide stop. I want to see it settle down and prove that she really wants to continue to go up. Just my two cents and that is not to say that there aren't ...

EURUSD

The further apart the double top or double bottom the more valid they are. The one you are referring to is just 1 hour apart

EURUSD

Well I hope you keep breathing, because I intend to trade for many many years to come. GOOD LUCK.

EURUSD

Two different beasts. On the floor it was more of a poker game where you had to read people to identify what orders they were holding and their positions. Off floor it is much more technical and you have to learn to rely on the PA more. There is no ...

EURUSD

There will be those that can not, or will not, adapt to changing markets, and they will fall by the wayside. I have seen a lot in the last 30 years and it just seems to keep on changing, so I must keep on adapting. You are ahead of the curve because ...

EURUSD

Way back when, when people asked what I did for a living, I would always ask them if they had seen "Trading Places." If they had, it was easy to explain. If not, it was near impossible to explain Long and Short for your own account.

Cable Update (GBPUSD)

Unemployment #'s were pretty safe. Now we wait to see what Chancelor Darling has to say in 45 minutes.

Cable Update (GBPUSD)

In the "Pits" it was a lot easier, but I have seen it many times in the FX markets to.

Cable Update (GBPUSD)

It's amazing how they can paint the charts. Who ever "they" might be. I know from my days in the trading pits we used to paint the charts when ever we could.

Cable Update (GBPUSD)

It looks like 145 will be a bit harder to breach. It seems like the 146 to 146.60 will be an area of stiff resistance. Here's hoping everyone makes, and KEEPS, their GREEN Pips.

Cable Update (GBPUSD)

ALL Green PIPS are good. I locked in partial profits myself and raised my stops.

EURUSD

Too bad I'm near sighted. I can't quite make it out yet, but I hope it's coming up soon. Green Pips to ALL

EURUSD

It sure looks like it wants to do just that, for now at least. GREEN Pips to all

Cable Update (GBPUSD)