Ah this thread is killing me today . I should have gone to university today, but i'm glad i stayed in to read and post through this .

Cable Update (GBPUSD)

I have to go and study now, I will come back and chat more later. Thanks guys, good luck with the rest of the day.

Cable Update (GBPUSD)

I don't think you see how they work together. USD/JPY price X GBP/USD price = GBP/JPY price Try that formula and see what you get .

Cable Update (GBPUSD)

you have an excellent point. Nice contradiction Professor .

Cable Update (GBPUSD)

I have that exact same feeling. I thought we would be alright with the former chancellor taking over, with his knowledge of the economy, etc but now i'm not convinced any more.

Cable Update (GBPUSD)

I'm going to wait for the close of the 1 hour and bar afterwards to see where we're going next. But it looks like we're running out of steam.

Cable Update (GBPUSD)

Yep that is true, which is why it is usually better to use little technical indicators as possible. I think we will see below 1.4500, with any luck the USD Dollar should strengthen and Cable should weaken even further.

Cable Update (GBPUSD)

Well i think that is arguable, personally i believe support and resistance works very near to 100% of the time. But i agree, most people use moving averages for entry.

Cable Update (GBPUSD)

From experience, i think the Stochastic isn't as useful as it appears to be.

Cable Update (GBPUSD)

The week ahead... — I believe the forthcoming week should produce plenty of opportunities in the forex market, plus other global markets as a result of the events taking place. Firstly, on Monday in the UK we should have a broader picture on ...

Forex Rookie's Trading Journal

While there are two sides to a coin, i think that the third alternative hasn't been taken into account. The sideways market, entering too soon could result in a stop out or entering in completely the wrong direction would be risky. In some ways i ...

coin toss entry question

GBP/USD Short @ 1.4773 Stop Loss @ 1.4810 Take Profit @ 1.46840 Profit/Loss = -£2.77

Forex Rookie's Trading Journal

Daily Analysis — GBP/USD 1 hour chart is showing a possible reversal into a bull market, but i think it could possible be a fake out, should soon find out later this morning. The long term trend is still downward. EUR/USD I won't be trading ...

Forex Rookie's Trading Journal

Thursday 15th January — I had a pending order which didn't excute on EUR/USD. My GBP/JPY long trade made a profit hardly worth mentioning, lol. Anyway, I'm hoping tomorrow might be a better day.

Forex Rookie's Trading Journal

Thank you. I wish many pips to you too . How long have you been trading for?

Forex Rookie's Trading Journal

1 Hour Chart Morning Star Formation? — Check out the 1 hour chart for the morning star formation. Possible reversal?

EURUSD

Daily Analysis — GBP/USD After Wednesday ranging trading I think there will be a clearer direction today. In my honest opinion, i think we are looking at a break of the trendline currently at 1.4490 and heading further south towards 1.43xx. ...

Forex Rookie's Trading Journal

Wednesday 14th January — No trades were made today as GBP/USD was ranging for most of the day and i missed out on the spike around the news time, besides the bears were quick to respond and send price down. I will be trading on EUR/USD ...

Forex Rookie's Trading Journal

Yeah I am, all of the trades listed are live trades i've taken.

Forex Rookie's Trading Journal

Daily Analysis — Daily Pivot Point @ 1.460; which could also be a positive sign of a retracement at this level. Currently trading below pivot point and above daily support area.

Forex Rookie's Trading Journal