I know what you mean. That's probably the creative compulsion that's inside us human beings...which BTW gets us into a lot of trouble in trading. Actually resisting too much complication and keepin' as simple as possible a picture is the way to go. ...

Cable Update (GBPUSD)

That's right. Here's what I'd imagine : guys from the funds look at this and say...Hmmm... Higher highs, higher lows...let's buy couple yards of this baby and keep'em for weeks or maybe months on end...and in the process all the lower TF signals get ...

Cable Update (GBPUSD)

Here is one clean, clear daily picture from back in May 2008 thru present.

Cable Update (GBPUSD)

On a second thought that'd actually be a good long-term ZERO-LEVERAGE wealth-building, money market-alternative kind of a trade.

Cable Update (GBPUSD)

From a Macro-Perspective (and that is 4-8 years!) personally I believe GBP/USD is leading indicator. As it was indicating a top @ 2.11 so it is indicating further falls down the road and by implication EUR/USD will visit parity and below - but like ...

Cable Update (GBPUSD)

Hello Everybody: I'm watching daily Euro-Bund Futures right now and wondering if today's piercing candle is valid. Volume: 729273 Open Interest: 862017 In my opinion, though it's either neutral or even - get this - bearish if ditched on the next ...

Daily candle chart

Usually most structural breaches i.e. regime shifts occur when actual price changes exceed implied AND statistical vols. I haven't done any recent formal investigation in this regard but it's definitely something I will do to update this extremely ...

Cable Update (GBPUSD)

Implied Vols: 0.875% Statistical Vols: 1.23% and rising %Chng: 1.77%

Cable Update (GBPUSD)

Exiting the entire long position. short from 1.5511 to 1.5592 -> - 81 pips (Was up + 65 pips temporarily though before reversing) long from 1.5592 to 1.5773 -> + 181 pips Net => + 100 pips

Cable Update (GBPUSD)

This is turning into an increasingly nasty dragon violating volatility bands one by one like there's nothing to it. Usually implying one thing: lots and lots of shorts getting squeezed, refusing to give up... - Volatility expanding as we speak -

Cable Update (GBPUSD)

The dollar is depreciating not only against sterling but also against anything and everything. It's on a downward slope ever since the start of the decade. And they're making sure it stays that way...

Cable Update (GBPUSD)

Unfortunately though there's this tiny little problem that the private individuals don't have a printing press or better yet a "bad bank" as to just spirit away their toxic assets.......

Cable Update (GBPUSD)

This is defacto dollar devaluation in progress, Ladies and Gentlemen!!! USDX @ 81.094 , very close to break 81.000

Cable Update (GBPUSD)

Very Interesting theory. I like it. And you bet it's infuriating...

Cable Update (GBPUSD)

1.5592 break had strong follow-thru all the way up to well-above 1.5683. Market liked Geithner speech . Expanding momentum and pressure. One of the trickiest times to trade is when someone of impact speaks...it can be cataclysmic.

Cable Update (GBPUSD)

Continuation

Cable Update (GBPUSD)

Bullish momentum reinstated w/ break of 1.5592

Cable Update (GBPUSD)

You're welcome.

Cable Update (GBPUSD)

No,no. Use any strength as short entry as long as bullish momentum is weakening.

Cable Update (GBPUSD)

Retracements provide opportunity for cautious reentry.

Cable Update (GBPUSD)