The consolidation period has been difficult in a couple of things I tried. I used RSI(14) vs. EMA(9 of RSI) and it looks promising - except for the consolidation part. Then I added in a tweak from the Daily Fozzy Method (thanks guys), still the ...

only using SMA 21

more oil — I only went looking 'cos you mentioned it..... CADJPY I'm out again for a couple of beers.

Cad/Jpy ready to fall?

According to the blah... on Yahoo today is the last day of the February contract negotiations, so any sudden movements will be due to people having to cover their positions (oil that is). Also the barrel price went below $50 last week so I suspect ...

Cad/Jpy ready to fall?

Didn't hang myself, got in long @ 102.90. It is gently curling up. Shall see if I caught the knife or if I'm about to lose my fingers.

Cad/Jpy ready to fall?

Well it looks like TODAY is the day of the fall; but I'll be hanged if I can see why

Cad/Jpy ready to fall?

I totally agree with that, WTB. After several years trading equities I still had much to learn. After 1-year in forex I have finally stopped losing real money and started the recovery. I found two things particularly difficult to deal with. The ...

Forex Resources - What made you a good Trader?

Well I guess you must be pretty happy for the moment at least. Not only did BoJ leave their interest rate on hold but CadJpy went happily upward.

Cad/Jpy ready to fall?

. . . . oil ? — Well, that's an interesting comparison. Let's see..... Canada being a net exporter of oil you would expect the currency to be affected somewhat. However it looks like there may be a 2-month lag on the oil price pushing CadJpy ...

Cad/Jpy ready to fall?

Duh ! — What am I talking about ! I meant 9370 for resumed down-trend .

Cable Update (GBPUSD)

Well, this is really boring. Cable is sitting on EMA-50 on the 10m and 1hr charts. A little tease from RSI that things may drift up, a little cold water from MACD that nothing is going to change for a couple of hours yet. imho, in the next 2-3 hours ...

Cable Update (GBPUSD)

Hi Samuel84, welcome to the fray. You are not necessarily wrong with your double-top formation. I see an inverted head-and-shoulders with the neckline at 9740 or thereabouts. The fly in the ointment is the proximity of the high on December 1st. Also ...

Cable Update (GBPUSD)

General Collapse — When the Yuan starts to rise it must happen very slowly. The revered Alan Greenspan projected misery in about 20 years when the Chinese labor rate becomes comparable with 'western' rates. Another truth is that China is ...

More Bad News For The Dollar

Well thanks for that, a useful bit of news. Cheers

Cable Update (GBPUSD)

Afternoon guys! well it is here anyways. BTW do we have any ladies on this thread? Cable is teasing the neckline at ~9740. I know you've all been watching this for a while now. I think the thin market is a good reason to stay out even though I have ...

Cable Update (GBPUSD)

Not only will my VT platform not play, neither will my FX Trading Station ! Just been on the cable thread, some guys there have Oanda platforms that seem to be functioning. Time to open another account methinks.

is the market open?

Dear mtrmth — Somewhere further up this thread you asked about how to interpret indicators. Well here is some constructive help, I hope (any other interested parties please join in). Read books. Read several books. Particularly anything that ...

Cable Update (GBPUSD)

At least we could if our broker was active

Cable Update (GBPUSD)

Best of luck with that one, I reckon it is near enough to the 610 fib. Gotta spend some family time now, so here's wishing you all prosperous trading.

Cable Update (GBPUSD)

I'm thinking about changing my handle to Chicken-little — Out of Swissy for 40 pips Out of Eur for 11 pips (it was a bad entry anyway . . . ) That's cheered my New Year a bit. ( been watching cable in case anyone is wondering why I am posting ...

Cable Update (GBPUSD)

Yeee . . haaa !

Cable Update (GBPUSD)