No. We have no government, yet. We have a huge deficit problem. So fundamentally GBP is bearish, technicals confirm fundamentals. But markets are waiting on election results. If Concervatives win, they are expected to introduce massive cuts to ...

EURUSD

What do you mean "should"? We are part of the EU, yet it is a choice whether to be or not to be in the currency union. It's not better for us to be part of Euro, because we would lose monetary rights for starters. Look, there shouldn't have even ...

EURUSD

Technical signals have to align with fundamentals. In case of USD technicals are bullish whereas fundamentals are obviously bearish. You do need 2 to match, otherwise you will be selling when price is climbing and taking heat unnecessarily.

EURUSD

Rick Santelli is losing it on CNBC, he is right, but barking at politicanos doesn't get you far

EURUSD

Trend trading Counter trend trading

EURUSD

It really does look like last Thursday was not a pure accident, but a row of events that showed us the hidden hand. Look at gold, USD, crude, weakening European currencies, bonds, TICK charts, VIX, etc. Pretty much same picture as in 2008. Main ...

EURUSD

Goldman Sachs has admitted that it is under investigation for helping Greece to hide its vast debts. The Wall Street giant is claimed to have received as much as £192m in fees by entering a complex currency transaction in 2001 that helped Athens ...

EURUSD

The French are unbelievable, we pay more to EU than most other countries & we have big problems of our own right now. Secondly UK officials didn't say UK won't contribute, it's still hasn't been decided. Thirdly, we are not even part of the Euro!!! ...

EURUSD

"I checked across the board, at tick level I do not see stocks being accumulated. They are being distributed since a month ago and is STILL under distribution. No buying at all. Remember what I said on that melt down day? That the micro activities ...

EURUSD

It's ironic that our governments are doing more damage to our economies than terr#%^st groups. Whilst our soldiers are chasing phantoms. What a great con!

EURUSD

Let's not forget that USD is now in a confirmed breakout as it closed last week above 2008 closing level of 82.15. USD is in a confirmed up trend now, so currencies that are weaker, right now, will continue selling off. Like JR said to make EUR ...

EURUSD

Plus they can't stop 'old money' exiting financial markets, not that they aren't trying.

EURUSD

Bwahaha, yeah man, sell the farm, it's free money, sell all you have & go Long Euro, because "Speculators will be killed when the EURO COMM buys the EURO through swaps".

EURUSD

Most genuine moves happen upon a re-test of reaction low area, area because nothing is 100% systematic in markets. But what is important is reaction after re-test, strong move up & brakes on downside will be applied. Then 1.3267 which is previous ...

EURUSD

I think you are just sour about averaging from the wrong side. Bottom line is you would have made a lot more pips shorting EUR than buying it. Counter trend trading you mostly get bounces instead of impulse waves when trend trading.

EURUSD

Look if Torries form government, then a bounce is not to be excluded. Yet consider what is actually driving Sterling lower please, it is not which government takes charge ad both parties have not reported upon ~80% of cuts to be initiated after the ...

Cable Update (GBPUSD)

As posted in another thread last week monthly chart points to a big drop to 1.3s which is a historical support level. UK's deficit concerns which are expected to be the biggest in Europe this year & technicals suggest that investors want to get out ...

Cable Update (GBPUSD)

Here are my mid-longer term trades Short GU 1.535 Deficit this year plus technicals point to mid 1.3s re-test Long UJ 93.2 Monthly down trend was negated & big triple divergence in place Long Gold 1147 There was a big buy signal on weekly chart not ...

Spot FX Day Trader's Thread

If exchange error is proven then it is legal to cancel trades generated on that exchange that fir certain criteria. What's more important is a sign a message that we received today. Soon all of us are to be proper screwed, brace yourselves for mega ...

EURUSD

It's not about amount of pips used as SL, but % of capital at risk when placing a SL order at correct level outside noise. Secondly, have a look at what happened to Euro since 1.51, that's a trend, a very powerful trend, so why bash it, trade it ...

EURUSD