Railroad track reversal on 4H, south spikes on 15M, top of intermediate channel, divergence on 15, hmm. wait for long indeed. EUR appears very toppy indeed at well at 106, but that's neither here nor there.

Cable Update (GBPUSD)

Good news is markets aren't really fast at all, unless you're trading 5M time frame. You should have plenty of time to do a quick analysis of a particular market, usually only takes a minute or two, at least after you've been trading for a few ...

Cable Update (GBPUSD)

I think you've got to use anything that converges, plus your experience. Trendlines, candle patterns, divergence, (I don't use them, but pivots and fibs), etc. Convergence of one or more of these accompanied by the right time of day is useful.

Cable Update (GBPUSD)

Ha. Well, maybe "pretty drastic" was slightly bolstered terminology. But just judging by the price action. Though if we get back up over 2.0120, then I'm with you long.

Cable Update (GBPUSD)

Somehow I think you'll have to wait longer than today or tonight. Maybe a few days. Pretty drastic downward pressure from today would have to be overcome fairly rapidly for a retest tonight. Maybe though. What I love is that no one ever truly knows ...

Cable Update (GBPUSD)

Yeah looks like EUR, CHF, UJ and GBP have turned at least for a bit. Similar shoving action on all 4 pairs.

Cable Update (GBPUSD)

NORTH STILL

USD/JPY Discussion

Hello, Morning Star.

USD/JPY Discussion

Then stay out.

Cable Update (GBPUSD)

Shouldn't get below 105 at all in the nearterm

USD/JPY Discussion

There may be a little spike down if at all, but we're on the up for a bit

USD/JPY Discussion

I know now. ;-)

USD/JPY Discussion

Looking loooooooooooong/ ;-) -Liz

USD/JPY Discussion

If you don't know, always best to get out. IMO, its going down, but a spike wouldn't shock me. This divergence is telling enough to me that momentum has slowed enough for a ride down for a bit though. Might entail holding a short through some ...

Cable Update (GBPUSD)

Well, in my view, the hammer is at the top of recent support, but we'll see how she plays out. I'm also looking at the divergence and price action of the other markets, which leads me to believe in dollar strength for the nearterm. But everyone has ...

USD/JPY Discussion

COuld be but trendlines are somewhat malleable. Nobody knows. Gotta wait for the markets to tell us where they're going and ride the waves.

USD/JPY Discussion

This is my view. same divergence in EUR and morning star in JPY and price thrust in CAd seems to point to USD bullish for me. We could still get a spike, but my GBP bearishness won't soon change.

Cable Update (GBPUSD)

Is this pointing the way down for the week? We shall see. Would rather not fight it though.

EURUSD

Could this morning star be telling of our new direction for at least a few days? I'm betting on it, but a break south of this will be quite telling as well.

USD/JPY Discussion

Until it doesn't. ;-) I'm short, too....just being a troublemaker.

EURUSD