That's funny, I have an account with FXPro, maybe I should start using them a bit more. Did they also send you a cap, pen and memory stick in the post?

Cable Update (GBPUSD)

Tell me about it; There's not actually too much chart analysis you can actually do on this at the moment; Your chart showed it all. I think the FED's Twist 2 day meetings and the BOE minutes will give a clarified direction on this.

Cable Update (GBPUSD)

What broker do you use, you have nice spreads on the UJ

Cable Update (GBPUSD)

It's all about that channel at the moment and the confluence of the resistance and the channel at about 1.5750. A break and hold above that and it'll change the bearish tone.

Cable Update (GBPUSD)

You should become a position trader then; you'd then be able to leave your desk and do your favourite things all day and not screen watch! =D

EURUSD

I'm saying long.

EURUSD

This is what most professional traders will tell you in regards to risk reward ratios.

EURUSD

Is that a pivot point indicator there?

EURUSD

It looks like it's going to break upwards to be honest. (and by break I mean on a 15m time frame)

EURUSD

I'd agree; shorting this at this point isn't a high probability trade in my opinion.

EURUSD

Third times the charm! First test may see some decent buying; then we'll see what she does from there.

EURUSD

The stochastic can change at any point as price dictates the stochastis, not the stochastic dictating the price. How do you get that it's going to drop further from a stochastic?

EURUSD

I rekon it will test the trend line of about 1770; a break through that, then a test of the horizontl lines of 1763 and 1702

EURUSD

That's true; a large account is essential, but when you lose $500, you still lose $500 whether that's in a 1k account or a 50k account.

EURUSD

I completely agree. This pair is in a similar trading range at the EUR/CHF. One thing you don't want to do with it is short. I wouldn't be surprised if there was a collective central bank intervention sometime between now and Christmas. Longs only. ...

USD/JPY Discussion

Do you realise when your stops are so tight you're increasing your probability of a stop out and decreasing your probability of a profitable trade.

EURUSD

Have you taken into consideration the FED's twist this week whereby they may introduce a 50 year bond?

EURUSD

A good time to tell if you're selling when it's oversold is to look at some momentum indicators such as some different stochastics. As a rule, never sell when it is in oversold; wait for a pull back for a higher probability trade.

EURUSD

[quote=fontu;4965304] It's the oldest trick in the book; using the weekend to skip support lines and trend lines which would have been difficult to break during normal trading hours. These traders and banks can manipulate price with much less ...

EURUSD

I'm only willing to go long gold when there is a dip; shorting this beast at the moment is a hard mans game!

EURUSD