2 words - short covering

Cable Update (GBPUSD)

everything (majors, comodities, oil) is dumping the USD - but price action in GBP suggests there is not a SINGLE big buyer and only cross related push GBP price action looks VERY weak

Cable Update (GBPUSD)

Dont forget - heaps of financial reports coming out of US today - will not be stock market friendly so people may want to short the USD/JPY while its still cheap. \

Cable Update (GBPUSD)

Simplicity — My simple analysis and reason why i am short GBP (medium term - atleast 3-4 days trade) - Fundamentals - UK economy is heading for a fall - its pretty transparent now - some might say - so what - US is pretty much the same or ...

Cable Update (GBPUSD)

traders will digest and forget bernanke's testimony et al by the time we wake up tomorrow - and then we will have all the gloom from UK printed all over the place - 1.999 doesnt look like happening anytime soon - i hope it does so i can short - but ...

Cable Update (GBPUSD)

yes UK businesses are not going to like this - they know that the cliff is coming to them - and from past experience i know that large businesses hedge in the markets when they loose confidence in their CB - the fall in GU could come any minute now.

Auslanco - GBP/JPY and GBP/USD (newstrade)

i do believe that the only think which can assist the uk economy is a weak pound. And i guess BOE knows that. And its a tricky time for them - as tricky as it gets but they can get away with it temporarily. I feel they will leave the rates on hold ...

Cable Update (GBPUSD)

I agree - but thats looking at a 2 month plus horizon. For the next 3-7 days - my charts only show a consolidation before the next leg up. Hence my short. I will take a long only if it can break above 9680/9700 and then parity becomes a more viable ...

AUD/USD

every damn thing is moving - oil (wow 138) - gold - jpy - eur - cad - aud - everything - BUT the gbp - it seems to be stuck

Cable Update (GBPUSD)

mate - thanks and i kind of see it better now - what a waste of my time and advice - but nonetheless - hopefully some newbies read it

Tired of losing money in forex

hmm .. hmm .. if i did that on my trades i would end up bankrupt - a system needs to evolve and you have to make one which you are comfortable with - sure enough you can start with the above - but i fyou follow that as a automated rule - its only a ...

Tired of losing money in forex

first step - ask yourself - do you want to be a day trader or a swing trader - what are you more comfortable with - overtime you can develop both strategies - but you should start off with one reason for this is - most new traders (and i did the ...

Tired of losing money in forex

Will not and cannot are figuritive - they were yelling when EU was 1.2 then 1.3 then 1.4 and louder at 1.5 - not so loud at 1.6 If you look at the trade balance for the past 2 years - ever since it started a mass scale appreciation - you will notice ...

EURUSD

i wouldnt believe in that argument - markets dont look at what happened in the past 2 months to decide what should be done today - and if history dictated the markets - there wouldnt be a market to trade

EURUSD

russian and asian CB's

EURUSD

nope dont know .. very difficult for retail traders to find these out .. even the biggies sometimes cannot .. though some news articles or market wraps such as UBS may cover it the next day

Cable Update (GBPUSD)

look at the majors drop freely - just the pound seems to be resisting ... could be a large vanilla expiring at 9400 .. but it will fall and when it does .. will be a large fall .. a.k.a trading experience ..

Cable Update (GBPUSD)

looking at all the majors - someone is desperately trying to stop cable from falling - probably a clearer/hedge fund kinds ... dont think they will succeed because lots of GBP stops are being protected and as soon as they hit we will have atleast 50 ...

Cable Update (GBPUSD)

30 more mins and it should start falling again - its a pattern -

Cable Update (GBPUSD)