There was a ton of anticipation trading leading into this data. I seems to me that people were buying dollars based on the PMI as a leading indicator for the ISM. These two data peices may be historically underated, but they have been moving the ...

The ISM Report for January 3, 2007

Suprised to not see some dialogue on this trade today.

The ISM Report for January 3, 2007

My system just told me to go long on breakfast LOL

Cable Update (GBPUSD)

At this moment I am flat. I may get back in around 10:00 am e.s.t. if the short term price action looks right to me.

Cable Update (GBPUSD)

If the pound finds the fuel to make another new high, I have updside target area of 9777 to 9795. I am considering 9680 short term support.

Cable Update (GBPUSD)

I am thinking that the holiday labor force may skew the non farm numbers in the dollars favor. If so it may just be a great data fade opportunity.

Cable Update (GBPUSD)

It is a very clear direction technically on the euro. I wanted to get in when the market opened is the asian session but I chose to wait for a bargian due to the move before the brokers opened. Unfortunately I slept through the european session. ...

Cable Update (GBPUSD)

The price action is data like darting and jumping. Level II shows very patchy orders with liquidity showing and disapearing.

Cable Update (GBPUSD)

I went long 9712 but bailed at 9727. I hate trying to buy and hold this late in a move.

Cable Update (GBPUSD)

Both Maxey and BK have contributed volumes of historical info on data releases. If you search out their posts you will find it.

The ISM Report for January 3, 2007

Welcome to the data traders party Rob.

The ISM Report for January 3, 2007

That is an excellent way to sort out the confusion between speaking of the currecy itself and the greater economy. Devaluation applies to the currency while deflation appies to the economy. Thanx for that Scott.

Money Supply

I like pivot math if it calculates off of recent highs and low within a given time period of your choice. I have seen price bahavior patterns based on this type of pivots that can be capitalized on. However, I can't imagine them working on fixed or ...

Pivot point spot strategy

My statement is not based on a direct quote but moreso my own conclusion based on that article as a whole and what I believed before reading it. Basically I am saying it was an interesting and seemingly accurate article. The thing about this ...

Money Supply

It is possible it could be stimulative. I guess it just depends on what is done with the money after it is printed. If it is sent to another country as aid or to cover a debt it is not much help, but if it is used to pave roads or other domestic ...

Money Supply

Rather or not you consider wiki-reality credible or not, this is a very informative article. http://en.wikipedia.org/wiki/Money_supply After reading it, I am sticking to the idea that an increase in money supply is generally inflationary ...

Money Supply

This truly is a great topic. It is one of those topics that can be applied to most everything in life. We face these decisons on a daily basis in defining who we are.

Your Ethics

This is the absolute truth of modern business. When I first joined the corporate world, I fought and struggled against it. I did not want it to be true but the bottom line is that it is. We all have our learned and or intuitive sense of right and ...

Your Ethics

This line is getting blurrier every day. By this I mean that brokers relationships with banks are changing and evolving. Some brokers "cache" their mini positions and then pass the greater average position on to thier liquidity providers, some have ...

Is there an official exchange rate?!

I think you have to learn the elliot princibles to have a complete technical analysis education. However, I will tell you, I do not use elliot as a primary consideration for taking any trade. It is at best a secondayry consideration for me. I ...

Should I attempt Elliot Wave?