Stopped out. In that type of situation the right move is to short again if the price goes below 1.2020 (and look for a break-even trade at 1.2000), if the Head and Shoulders formation is still valid of course, or to go long if GBP/USD breaks the ...

Cable Update (GBPUSD)

Neckline has been touched, short GBP/USD at 1.2040, 20 pip stop. Let's see if we can make 40 pips, assuming there is enough liquidity and volume during this Asian session.

Cable Update (GBPUSD)

GBP/USD is now testing the neckline of the Head and Shoulders pattern. Will it hold? ... url

Cable Update (GBPUSD)

Potential breakout on the GBP/USD 15-min chart (Head and Shoulders formation)... url Target is 1.2000 according to the measured move concept for such chart formations.

Cable Update (GBPUSD)

Part 2 : video Part 3: video Part 4: video Part 5 of 5: video

How did 'rich' economies get so in debt?

A-B-S-O-L-U-T-E-L-Y ! And here is more... video

How did 'rich' economies get so in debt?

How true, indeed !

How did 'rich' economies get so in debt?

The longer they range, the harder they break. Or so they say...

USD/CHF

The USD/CAD is on steroids tonight, almost 70 pip profit and still counting, time to lighten up my position and move the stop to break-even...

USDCAD trend reversal?

It looks like the USD/CHF is trying to shake off the weak hands first...

USD/CHF

Sure, anything is possible, but with all these support lines just waiting down the line, I doubt it. But again, it all depends on your time frame.

USDCAD trend reversal?

Personally I am long the USD/CAD (I bought at 0.9698), the reversal to the upside is way way overdue now...

USDCAD trend reversal?

USD/CHF, show me the ...breakout! — A text-book example of a breakout (to the downside) just waiting to happen...

USD/CHF

Go back to sleep (or to work) guys, the Euro is waiting for the USD Consumer Confidence (10 PM EST) and the all mighty FOMC meeting at 14:00 (EST). In the meantime say hello to range trading...

EURUSD

On the 1h chart it seems like the euro is completing a (weak) head and shoulders pattern. url

EURUSD

When a trader places a trade, his stop and exit points should already be in place on his trading station, unless his stops and targets are dynamic.

EURUSD

No you are right, staying away from the computer screen after we place our trade(s), stop and price target is still the hardest thing to do, even for the most experienced traders! That's why we are constantly stressed out, as traders, we want to see ...

EURUSD

Sure. But between you and me, I don't care if the Euro, the Mexican Peso, the Nikkei, the DAX or the horse-shit September futures contract is jamming (assuming that this contract is volatile and liquid enough), ANY financial instrument that can put ...

EURUSD

Hello New-Zealand, the all important Australian Building Approvals report is due in less than 1 hour, get ready to skip that dessert if necessary

EURUSD

Quite frankly the Euro is weird right now, no specific trend, just a boring consolidation period going nowhere (at least for now), especially on the daily chart. On the other hand, look at the AUD/JPY for example, pure nice up trend on the 1h, ...

EURUSD