I think any move that takes us above 85 ish is going to be a forced liquidation of sellers buy orders to take a lose. If that happens I can see a last parabolic leg up pushed by forced buy orders and few last buyers chasing price.

NZD/USD

Panic buying is anticipating a disaster, such as people buying US when financial crisis was upon us. This is not panic buying. I don't think panic buying would exist for the kiwi. Panic selling yes or liquidation of sellers.

NZD/USD

I know where your coming from. I managed to pull some trades out with some profit in this pair and took some loses as well. It's the only pair I'm am really down on for the last month. Starting to really hate the KIWI, the value makes no logic to me ...

NZD/USD

Still like the 550 area. Maybe just the wrong day. I've got 2 levels in 790 and 550. I thought we had tested far enough into the 790, maybe not.

Cable Update (GBPUSD)

Well my theory was screwed today for the cable. Surprised more sellers didn't step in and keep it down at 670 - 672.

Cable Update (GBPUSD)

Dependant on the news but 6700 seems to be holding at the moment. If this holds for the top of the day then my take is 658 is likely and a spike into 6550 would be great.

Cable Update (GBPUSD)

I agree. But looking for this level to hold. The only problem there is no angle, no sure level on this pair at the moment so it could always keep moving back through. To me it looks like bids are becoming offers around 6700.

Cable Update (GBPUSD)

Have to wait and see. Range would be around 130 for the day if it doesn't move much higher.

Cable Update (GBPUSD)

Would like to see this pair hit 6550 today.

Cable Update (GBPUSD)

Agree there were three levels where market moved up sharply and was not re tested. 6550 area being the last one left. Along with you looking for long entry on GBP/NZD am already short on the NZD/USD various levels but it keeps pissing around. Good ...

Cable Update (GBPUSD)

I agree we will see this level prior to moving higher if thats where the market takes us. Curious why you chose this level? I have my reasons but would like to understand yours.

Cable Update (GBPUSD)

Would be interesting to know the success rate between older traders and young ones. I wonder if the knocks of life give the older trader an edge re Psychology, patience etc? 43 and trading since 34. Seems only yesterday when I started to trade but ...

Cable Update (GBPUSD)

I think the market could move either way in the mid term. There is still possibility of another leg up for the bulls I see 6550 as the only area left to the downside that needs to be filled from an inefficient run up. I don't see that making a def ...

Cable Update (GBPUSD)

Today was the only day since start of last week I placed a trade on this pair. With the price movement today looks like bears are re capturing for a move to 6550 area.

Cable Update (GBPUSD)

As we have tested 8970 area I feel we are free to move down further. Would be good to see a hold below the 8940.

AUD/USD

Starting to put in some lower highs at last.

NZD/USD

But it's so easy to sell a dream to desperate people.

AUD/USD

Mid term Bearish view still holds for me on this pair based on market fillup required to 8750 area but with a possible retrace back to 8970 area still possible with statement from the RBA. Looking at 8750 area for reversal pattern into a possible ...

AUD/USD

I think you might be right Sherpa. I started building a position from the old resistance level. I'm with you with the overvalued!!! but the markets for some reason don't give a shit what I think today. Also started building a position into the ...

NZD/USD

Hi Nitsan, I think it has to much gap risk at the moment. For me we need to fill-up to the 8840 but would like it to fill to 8750 area before I take any longs. The 4 hr gives me bearish patterns for a mid term retrace but I'm with you long term ...

AUD/USD