I see your rationale, but beg to differ. I feel the problem we have in the UK is that after the initial sensationalism generated by the tawdry gutter press (the sun etc.) we as a nation are quick to forget international issues in favour of national ...

Cable Update (GBPUSD)

Eventually.... For my part before it hits 2.0155. BTW - who are you?

Cable Update (GBPUSD)

For me, this $ bashing is out of leftfield. No current fundamentals reason and definitely no technical reason. Simply, a shake out. Why cook the goose before the anticipated rate hike\status quo (except to take profits (within acceptable range)). ...

Cable Update (GBPUSD)

BTW - A second IB at 09-00 to 10-00 am EST - SHORT at 2.0115 (stop 2.0155 TP 2.0055)

Cable Update (GBPUSD)

Brown has 4 labour nominated members on this committee - he is the new PM kid on the block - immediately encounters bad news on terrorist front after his accession - deemed by the media and most of the public at large to be severely lacking on the ...

Cable Update (GBPUSD)

I have created a spreadsheet based on your formula. It seems OK. Don't know if the results are accurate. Anyway the MS Excel spreadsheet is not attached as FF don't seem to allow this type of file. If you would like it email me privately I will try ...

How do YOU calculate Pivot Points?

Of course you are right. I am referring to those day trades that you were not 100% certain about in the first place, i.e. nagging doubts about news reaction, affect of carry trade, etc. I have come to realise that if I got it wrong by stopping a ...

My Rules for Forex Trading

Time For Reflection.... — I wandered lonely as a Cloud That floats on high o'er Bears and Bulls, When all at once I saw a crowd, A host of golden traders; Beside the screen, beneath the web, Fluttering and dancing in the ether Continuous as ...

Cable Update (GBPUSD)

It's those Japanese housewives dragging cable up. I'm beginning to wonder whether I should buy into the hype now... Let alone the dollar. Looks like GBJPY heading for its ninth consecutive bull day. We haven't seen this since the end of January ...

Cable Update (GBPUSD)

I'm sorry, I was just being a tad silly. No in depth analysis required really. Anyway, I think it's probably the Germans myself....

Cable Update (GBPUSD)

bravado, As one crap trend line drawer to a master trend line drawer. Could you tell me in your own humble opinion, whether you think that yesterday's move was a real breakout attempt simply awaiting a bit of momentum from some source or other, or a ...

Cable Update (GBPUSD)

Ah God ! to see the branches stir Across the moon at Cableshire ! To smell the thrilling-sweet and rotten Unforgettable, unforgotten Dollar-smell, and hear the breeze Sobbing in the little trees. Say, do the carry-traders greatly stand Still ...

Cable Update (GBPUSD)

Excellent point. Stubborn refusal to accept that my trade analysis could be wrong has cost me dearly in the past. I now always place a healthy yet manageable stop loss on every trade and TRY VERY HARD to exit a bad trade as far in advance of the ...

My Rules for Forex Trading

Thanks, I know about Igrok's reputation here, but was unaware of the nature of his thread. I'll check it out. So, as a rule of thumb, three touches (strikes) and out. How many points above line to confidently predict a breakout?

Cable Update (GBPUSD)

I can see your uptrend angle as well. I just feel that good US news tomorrow and Governor Fukui hopefully making some positive even non-negative comments about the yen could help cable resume the downtrend. Anyway, you and Shadeslay's points about ...

Cable Update (GBPUSD)

Do you mean like this? I did say I was still learning. But it does seem logical to me that the April high coupled with today's current high (which is the 61.8 fib approx.) is a total parallel to the line running through the April 13th, May 21st and ...

Cable Update (GBPUSD)

I'm relatively new to forex trading same as Tatton, and still finding my feet both in terms of technical analysis and fundamentals. For me the main problem with the current market is the carry trade. Take today. For me, there is insufficient good ...

Cable Update (GBPUSD)

It bounced perfectly off the trend channel resistance line. Questions are: was it profit taking that caused retrace? or has GB rate hike already been factored in by mainstream? From a technical perspective I think short is the trade.

Cable Update (GBPUSD)

Yen Falls Against Dollar, Euro; BOJ Sees Gradual Rate Increase — The retrace may be a way off yet..... By Agnes Lovasz and Ron Harui - June 15 (Bloomberg) The yen fell to its weakest in 4 1/2-years against the dollar and approached a ...

Daily EUR/JPY analysis

I think it has probably topped for the day. The upward trend channel on the daily suggests it has plenty of scope left for the forseeable future, but the up trend channel on the hourly tells a different story. We might be in for a retrace on Monday, ...

Daily EUR/JPY analysis