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JeremyWS replied Apr 23, 2012Yeah, but do you know where to get spread data from? or just manually?
EURUSD
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JeremyWS replied Apr 23, 2012But in this case, an equi channel perfectly fits this down move. And I am sure any traders would rather use a more accurate TL?
EURUSD
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JeremyWS replied Apr 23, 2012"charts are never wrong, but the chart reader is" Yeah you've drawn your TL in the wrong place.
EURUSD
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JeremyWS replied Apr 23, 2012Unless QE happens. I would bet that we would never see that price again especially considering the fiscal discord in europe which is only getting worse. Charts < news. Always has been. Always will be.
EURUSD
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JeremyWS replied Apr 23, 2012The debt crisis hasn't occured yet. All thats really happened is rising borrowing costs (as per yields) the problems occur when there is redemption and that is ongoing. Only when the countries can't pay is when it gets bad and EUR, DAX, OIL falls. ...
EUR/CHF
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JeremyWS replied Apr 23, 2012True but the point I'm trying to make is that if someone trades on a demo account and gets 100 pips it isn't the same if it has been on a Live account with real money at stake.
EURUSD
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JeremyWS replied Apr 23, 2012Not saying you do, but you blank so much out of your statement you posted that it could have easily been a demo account?
EURUSD
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JeremyWS replied Apr 23, 2012DAX got a nice H&S forming with a neck at 6500 and a nice trendline coming in at 6300. Could fall that far (not today but maybe this week). And if TL break H&S points to 5850.
EURUSD
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JeremyWS replied Apr 21, 2012A recession would crush the pound in a whipsaw of 200+ pips. The main reason for this is that the BoE would be under SO MUCH pressure to fix (Even though there is a liquidity trap and little can be done) that they may have to do QE just to please ...
Cable Update (GBPUSD)
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JeremyWS replied Apr 21, 2012It really hasn't been that bad. In fact where I am the weather was of summer quality throughout march and my school even allowed us to go on the school field (normally not allowed if there has been one drop of rain as they fear that we will tear it ...
Cable Update (GBPUSD)
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JeremyWS replied Apr 18, 2012Don't worry, The fear of inflation in the UK has been around for years and they haven't done anything as they are protecting the housing market. They WILL NOT do anything soon (2-3yrs). Unfortunatley they don't realize we are in a liquidity trap and ...
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012Yeah, good. This a-speculator is probably going to go crazy because we've seen a 70 pip move. Next, I have no idea how CPI is going to come out tomorrow but £1.50/L fuel is probably going to add to it quite substantially. The H4 move up was to be ...
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012Seriously I emplore you to show a chart that looks bullish.
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012umm. I didn't say it was bearish, quite the opposite in fact.
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012Yeah exactly, and to me there isn't a single chart from M1 ot Monthly that looks bullish.
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012On a "on the ground" fundamental perspective : I went to USA skiing recently and it is so much better in every way, Ok they have some debt but who doesn't. UK debt-GDP is upwards of 1000%, US - 100%. There is no way that I would buy this pair unless ...
Cable Update (GBPUSD)
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JeremyWS replied Apr 16, 2012As a Brit... I couldn't agree more, Our country is in such a shit state most other countries don't understand the problems here, some places are horrific (can only thank labour for that). I'm frankly surprised that the GBP is still near 1.60, it ...
Cable Update (GBPUSD)