The round number 144 has been breached. Now let's see if we can hold these gains for a while.

Cable Update (GBPUSD)

Nice entry. Sage advice is always welcome and appreciated.

Cable Update (GBPUSD)

Looks a lot like the makings of a Bull Flag before a run at new highs. For shorts watch close because if there is a break of yesterday's high it might run a bit. How much I'm not sure. GREEN Pips to ALL

EURUSD

Believe it or not, but yes because they would receive US$'s that they would have to sell and convert, buy, euros.

EURUSD

140 in sight — Sure looks like it wants to take a run at 140. There should be some good resistance there. Here's hoping it breaks so we can sell higher.

Cable Update (GBPUSD)

You are assuming that the markets (traders, governments, pension funds, banks, etc.) are rational. Remember that we have gone through, and still going through, a major financial meltdown that is not business as usual. This is where fear and panic ...

EURUSD

Looking a little top heavy here. Especially with that big round 140 just above.

Cable Update (GBPUSD)

Time for the market to take a breath and see if it wants to keep going or not.

EURUSD

RISK Aversion — Since last fall the forex markets have been trading on "RISK AVERSION." Investors have been scared by the bad economic news throughout the world so they choose to buy US Treasuries (dollars) as a "safe haven." When economic ...

EURUSD

Time to Paint the Charts — Let's see where they close the hourly chart at, only 5 minutes more.

EURUSD

Now the trick will be to stay above that level, and it might be harder than it looks.

EURUSD

Now if we can stay above 139 is another question all together.

Cable Update (GBPUSD)

Here we are again knocking at 139.00 Got to give it credit for trying, but we need to see results so we can move higher to short or TP on some longs, which ever the case may be.

Cable Update (GBPUSD)

Not real enthusiastic about breaking above 139. In fact kind of down right lazy. Come on you can do it. Then again maybe not.

Cable Update (GBPUSD)

If the markets were the same each and every day or each and every week, it would be easy to be a "Hare," but they change. Sometimes slowly over time or sometimes violently overnight. It is even more important for you to keep your powder dry and not ...

EURUSD

For some time now the market has been trading in "Risk Aversion" mode where bad news for the US economy has driven investors to the safety of the US$ and good news has reduced the "Risk Aversion" and driven investor to higher yielding currencies.

EURUSD

His down channel looks like a Bull Flag.

EURUSD

Darn, I wanted to know what broker gave such good fills. I guess there is no perfect broker out there. Good luck and GREEN PIPS to you.

Cable Update (GBPUSD)

Show a screen shot because the three brokers I use only got down to 140.28 - 140.275

Cable Update (GBPUSD)

Funny. Price hasn't been that low in almost 26 hours, so you must have ridden it up and now back down.

Cable Update (GBPUSD)