Rate decision is in 3 weeks. Surely the uptrend cant be sustained forever without a breather.

Cable Update (GBPUSD)

GU under the 250ema and not enough energy to get above it + carry trade unwinding, looks like a retracement to me. Keeping my shorts at 2.0031 looking at initial target of 9950 possibly by tomorrow.

Cable Update (GBPUSD)

1.9700 pivot? My indicator and broker say todays daily pivot is 1.9626. I think you've got the wrong day. GU is currently between R2 and R3 (1.9690 & 1.9724).

Cable Update (GBPUSD)

Thanks cesarnc, your advice always comes in handy. Have a wonderful weekend too.

Daily GBP/JPY analysis

GBY/JPY is the wildest craziest and most volatile pair there is - you've just successfully described its behaviour and not a flaw with EFX. Traders who have learnt to tame this beast simply love it because of its volatility and daily range. I ...

MB Trading Futures - Introduction

No I meant connecting to the internet via a telephone ISP dialup connection as opposed to cable/broadband.

MB Trading Futures - Introduction

The time now is 14:56 EST and I have a BID/ASK of 233.79/233.82 on the EFX platform - a 3pip spread for GBP/JPY. I'm not affilliated to these guys in any way, but I'll like to call a spade a spade and keep the info in this forum factual. There was a ...

MB Trading Futures - Introduction

I'm looking for a confirmation close on the 4hr chart to be convinced of a downtrend reversal. The up movement doesn't seem to have much juice to it. Has to close above 234.28 at 2:00pm EST before I consider closing my shorts.

Daily GBP/JPY analysis

I've been with EFX for about 8 months now - they seem, to me, to be the best forex broker out there right now. I had experiences with a 2 other brokers and EFX was like a breath of fresh air. Their platform does get some learning but nothing good ...

MB Trading Futures - Introduction

My indicators show a strong resistance at 233.99. If this breaks again I'm expecting a fast move down to 233.63-68 . Lets see.

Daily GBP/JPY analysis

Just bounced off 234.04 again

Daily GBP/JPY analysis

Depending on your broker you may have difficulty exiting your position/getting fillled if things are going bad during the fast move. I'd suggest to stay out before the decision.

Daily GBP/JPY analysis

An attempt was made at 234.04 during Asia which is just below the S1 support. I think it may try this low once more before the BoE.

Daily GBP/JPY analysis

Have far will sell of go? — Sold at 234.71 (Camarilla H3) took profit at 234.32 (Camarilla L2) Just wondering how far this baby will go down. Any suggesstion guys?

Daily GBP/JPY analysis

UK Industrial Production and Manufacturing Production came out pretty bad. The BoE would have had prior access to this information. Rate increase looks more in doubt with this news. I see a gradual release of some GJ longs coming up before the UK ...

Daily GBP/JPY analysis

Haha, nice phrase. Why am I laughing - I'm down some serious pips going against the trend. Anyway, I'm using cesarnc method of adding mini/micro lots on every 15-30 pips of the trend to reduce any potential loss if the reverse is not immediately ...

Daily GBP/JPY analysis

hi jest1081 what do you look out for on the 4hr chart, pin-bars or do you use any particular indicator?

Daily GBP/JPY analysis

errr... GBP/USD anyone?

Cable Update (GBPUSD)

Daylight Saving Time — Do take note of recent time change in the US - clocks were set at +1 hour

Cable Update (GBPUSD)

Wow you need to tell me who your broker is - all the ones I've tried dont honour stops/orders during fast news.

Daily Cable Analysis