1.7753 Apr 20th Low 1.7748 Apr 18th Retrace Low 1.7746 Asian Low Spike ? 1.7746 Res Becomes Sup The above shows 4 items, pushed together (no lines inbetween) which is a likely support area.

GBPUSD

Cable Levels — This might be of use to some members: I keep a notepad at all times, which helps me see possible areas of support and resistance, while I am trading Cable. This helps me ID areas / levels, which I sometimes miss on the chart. I ...

GBPUSD

For general price action, see the Joe Ross stuff, bottom section of this page: - http://www.trading-naked.com/Articles_and_Reprints.htm

Price Action

Yes, according to MNI News Feed.

Swedish central bank rose EUR holdings

Here is a good Price Action general primer: http://www.enthios.com/Lessons/TradingPrimer/PrimerBuffypriceaction.htm Steve Nison's books on Candles are a good discussion on price action. For FX, the book of the moment is: Kathy Lien / Daytrading The ...

Price Action

image In this example to get the extention reading you are multiplying the move down size by 1.382, 1.618, 2.618 to get the posible extention higher. Is that correct ? I do not quite understand why the 161.8 is below the 100, should it not be ...

Cable: Measuring Fibonacci From Where ?

That is a great explanation, many thanks. Currently I just use Fib Retracements, I am going to monitor the Fib Extentions FNO. Which do you consider the best material you have read on Fibonacci ? I got going with this link, perhaps a year ago now: ...

Cable: Measuring Fibonacci From Where ?

Please explain which two calculations you used to get the 2 readings (confluence) at 1.7640. I understand one is the retracement of the move, though I do not see what the other is. Chart blindness !

Cable: Measuring Fibonacci From Where ?

I like many use Meta Trader for price feed / charts though I use accounts with non Meta Trader brokers to place trades. If you have more than one PC, it is a good idea to open a account with two different brokers using Meta Trader, so if one feed ...

Meta Trader

Simon If you are trading a product with a 3 pip spread, in order to make 10 pips, the product has to move 13. If you are usually trying to make 10 pips, then 3 pips is a high percentage to over come. However if you are swing trading and trying to ...

Joe Ross / When Not To Trade FX

Just found this by chance, interesting reading. I am not sure that I agree with his comments about bad pricing. I always watch my broker plus at least two other price feeds and usually they are the same.

Joe Ross / When Not To Trade FX

MNI http://mni.acquiremedia.com/mni-bin/mni.cgi?page=0

News Broadcasts

Bloomberg Internet TV is slightly delayed over Bloomberg TV, the later which you can usually subscribe to through your Cable operator. I have Bloomberg TV + Market News International (MNI) text news feed. The later gives a great commentry on Cable, ...

News Broadcasts

You can do this with Capital Spreads, which is a UK spread betting business. You place a entry stop order at X. Then it will take you out either at X + 30 or X -10. If one of the exit orders gets hit, the other gets cancelled. (the 30 and 10 numbers ...

any brokers out there offer conditional orders?

Best not to confuse leverage and pip value. Leverage is the multiple at which you can trade depending on the amount in your trading account. Leverage is the max available you can control, though does not mean you need to trade at that level. If you ...

Question about margin rules

I never give my real number, usually the number of the whore house down the street instead.

News providers...worth the cost?