Arghhh... the only thing worse than getting stopped out of a winning trade is actually a losing one. Oh well, around 80 pips total on cable today.

Cable Update (GBPUSD)

London open is in 3 hours, NY is in 9. My hunch is that we are going to see a "sell the news" day, and the Dow futures are already confirming it. I have been terribly wrong before though.

EURUSD

Yeah, the S1 @ 1.3070 was a nobrainer but I don't think it's gonna hold come London open.

EURUSD

Let the freefall begin, kiwi to lead the way!

EURUSD

Here's my angle at this. Trade what you see though.

EURUSD

That's one school of thought. I see something entirely different - Dow futures are up 124 points at the moment, and dollar is down against everything again today ONLY because of the anticipation of some propping up by the Fed and Congress tomorrow. ...

EURUSD

According to WSJ, the vote is tomorrow - but what time? Can't find anything. This one is a seriously high impact release; FF should really add it to the calendar once the time is known.

EURUSD

Uh, link? Banks are closed on weekends, so whatever you see as "live" rates is bogus anyway.

Cable Update (GBPUSD)

Are you sure the trend was strongly up? The trend was up only from about 10:00 GMT, before that it was all downhill. You might be okay with your long before the U.S. session though - after that we're looking at some earnings news from important Dow ...

Cable Update (GBPUSD)

I see another drop Sunday, as Asia needs to catch up with the "Broken Britain" developments of the past 24 hours. Perhaps not as low as 1.35 again, but the recent lows must be retested. And what would stop BOE from doing quantitative easing if the ...

Cable Update (GBPUSD)

Down it will go in a few hours, as another selloff grips Wall St. Perhaps as low as S1 around 1.2870

EURUSD

Fundamentals and a massive interest rate advantage are giving Aussie an edge. No question Australia is entering a recession but perhaps it won't be as severe as what the U.S. is going through. The currency is looking for an excuse to rally, and will ...

AUD/USD

For the fifth time in one month, it has failed to break 1.24! Seems pretty bearish to me.

USDCAD trend reversal?

Thanks, I did hold on averaging down and using the $ to hedge by buying other currencies temporarily to offset the unrealized loss (like Euro/Swissy/Loonie). Since some time last year, my broker only margins one side of the trade, e.g. if you're ...

USDCAD trend reversal?

This reminds me why I hate this pair so much - its move defy explanation.

Cable Update (GBPUSD)

Last chance for longs to get out? Just kidding.

Cable Update (GBPUSD)

Are you sure about that? Let's say they don't cut (which is almost improbable) - does this mean they won't cut anymore? No, this means they just put it off, so it should send a sell signal quite clearly anyway.

Cable Update (GBPUSD)

I was being sarcastic - I hope you were as well, for your own sake.

Cable Update (GBPUSD)

Actually, make that 1.4250 - 1.45 is too generous.

Cable Update (GBPUSD)

Not saying we'll get there today necessarily (although anything is possible), but draw the daily chart - the lower trendline crosses 1.4500 within days.

Cable Update (GBPUSD)