Hahahaha, that much uh? So if I understand your plan correctly you want to go short when/if the price touches one of these resistance lines, yes?

Cable Update (GBPUSD)

It was just the usual spread spike, after the New-York's close. Between 5PM and 6PM (EST) it's basically just random noise due to low liquidity.

Cable Update (GBPUSD)

It gives you more information too. I hear you, it was just a suggestion. Personally when I get a trading signal on the 15 min, I switch to the 5 min just to see if the signal is valid. It helps a lot because I can see stuff that I cannot see on the ...

Cable Update (GBPUSD)

Not so sure about that Digger1. Look at that huge stop-right-there-Mister candle, it usually means that the up intraday move is exhausted. The 2 shooting stars are also saying the same thing. I am talking short term of course. Bank of Mexico rate ...

Cable Update (GBPUSD)

Not a bad idea. Do you know any off-shore FX broker that offers that kind of payment plan?

FXCM and CEO Drew Niv banned from US market by CFTC

Sure, if you have at least an extra $100K or more just lying around, you can probably open a little fish and chips restaurant near the beach. The problem is that 90% of US retail Forex traders do not even have 10% of that money to invest overseas. ...

FXCM and CEO Drew Niv banned from US market by CFTC

And what could prevent this (so-so/not regulated) off-shore FX broker from emptying your account...."accidentally"? What would you do then, send him Joe the Butcher to collect your money?

FXCM and CEO Drew Niv banned from US market by CFTC

Sure, a 4h resistance line is much more meaningful than a 1-min resistance line for example. But still, if the 1h chart trader opens a 15-min chart (for the same time period of course), he will be able to see the 1h resistance lines PLUS other ...

Cable Update (GBPUSD)

Hi, You are using the 1h chart to find potential support/resistance lines. Why don't use the 15-min charts instead? Here is your 1h chart for the same time period (from January 30 2017) but this time on the 15-min time frame. As you can see, not ...

Cable Update (GBPUSD)

Sure, let's trust some even less regulated FX broker located thousands of miles across the Atlantic and wire him a 100 grand to open a new account. "Here is my $100K Mister Off-Shore FX broker, I don't know you, you are not regulated but please ...

FXCM and CEO Drew Niv banned from US market by CFTC

Oh please, go and take care of your margin calls, picking on other FF members won't solve your problems. And let the records show that I never insulted you or even posted the slightest negative comment about you.

Cable Update (GBPUSD)

Thanks for your comment, PayTheLimit.

Cable Update (GBPUSD)

The more they lose, the more aggressive they become towards their fellow Forex traders. 1: I do not have to explain anything. Who do you think I am, your own little personal technical analysis assistant? 2: I don't explain anything, I trade. I let ...

Cable Update (GBPUSD)

Try it and let us know then.

FXCM and CEO Drew Niv banned from US market by CFTC

Hi, I believe you can still open an FXCM demo account even if you are currently living in the US, there are no laws against that (at least for now... LOL ): url

FXCM and CEO Drew Niv banned from US market by CFTC

By definition, a profitable trading system is able to react to most trading scenarios, that's why it is profitable in the first place. In the long run it does not matter what the market is doing, the system will end up making money anyway. Yes, but ...

Cable Update (GBPUSD)

IB is still a Forex broker, it's just that you need to have at least $10 Millions in assets to open an FX account. But wait, if you have 10 MIL to begin with, why even bother trading the Forex or any market for that matter, when you can just spend ...

FXCM and CEO Drew Niv banned from US market by CFTC

Could be, but I truly, TRULY don't care about fundamentals, my only concern is to make money from current price action. May's speech, inflation, interest rates, UK trade balance, import/export, GDP, unemployment level, etc.... I leave all that ...

Cable Update (GBPUSD)

Yep, typical reversal day after the London's open.

Cable Update (GBPUSD)

What I really like about FXCM is their fantastic charting software, MarketScope. First of all it allows me to display up to 14 currency pairs on one screen so that I can just switch from pair to pair in seconds (see chart below). This is absolutely ...

FXCM and CEO Drew Niv banned from US market by CFTC