Once again Cable is mimicking the Dow. Very little movement on NYSE after the first hour. And GU has moved in a 30 pips range for last 2 hours.

Cable Update (GBPUSD)

Although I am not a fan of H&S formation or looking at anything below 15 minute, but on a 5 minute chart there is a H&S (multiple shoulders bump, bump) that is projecting a drop down to at least 2.0165 area. Also somebody mentioned evening star ...

Cable Update (GBPUSD)

Trade at my own risk. That's no fun. Just when I was going to take that trade you ruined for me. BTW zazafamily - any relation to the zsa zsa family. LOL

Cable Update (GBPUSD)

I beg to differ a little. You can burn up without other outside interests. I know because I have done it before. The markets are always there. A little downtime with a hobby or sport etc keeps a traders mind fresh. All in my opinion. Others may feel ...

Cable Update (GBPUSD)

BWR, I am old ski bum myself and though I worked back in the 90's for a Swiss company (HQ in Basel) with office here in the states - the closest I was to there was the Italian side in Cortina D'Ampezzo. Sun

Cable Update (GBPUSD)

First post and he nails it.

Forex can be easy!!!

MA = Lag SMA = Lag XMA = Lag WMA = Lag What all of the above does not = Price action. More like price lag/tion.

Forex can be easy!!!

Well you can always make the case that if one currency (in this case US$) has a lot of negativism priced in already then the other part of the pair (in this case Aussie) may drop more. Not saying there isn't more downside risk for the US$, just that ...

AUD - next in line for a kick in the groin

Newbies are also fond of twisting things around to convince themselves they actually know what is going on.

Forex can be easy!!!

Uh, No.

5 minute charts

Is that a typo since my data shows todays high 1.41189 as the all-time high.

Trading Sep, 18th Fed's rate statement

Yup as they say, "Bulls make money, Bears make money, Pigs get slaughtered." Naive newbies who believe they have it all figured after third week, hmmmm.

Forex can be easy!!!

I'd say cable hasn't decided just yet. Last tuesday 9/18/07 was a higher low. So if the previous wednesday 9/12/07 high is taken out then uptrend is continuing. If tuesday's higher low does not hold, well then down we go to test 1.9650 again.

Cable Update (GBPUSD)

Ok now show a chart with MA during lots of chop and slop.

Forex can be easy!!!

Since when is talk about world economy (Mickey D's in China) not considered related to currencies like Cable. I read a story yesterday on Reuters about Russian steel mills opening another repeat another new plant in the good ole USA. Who'd thunk it.

Cable Update (GBPUSD)

Really?? I guess I have some reading to catch up on. Can you suggest where this might be found?

greenspan still has excellent timing

Hey, who where's the thong in that house anyway? I know, "If you want to eat, you'd better get to the store". Heard it many times myself.

Cable Update (GBPUSD)

Hall of Shame!!

Cable Update (GBPUSD)

US$ index multi year low is 78.33 on 9/1/92 which my data covers back to Sept '87 Todays low is 78.57 so a bottom, even if only short term, may be approaching.

Cable Update (GBPUSD)

What no 1sec, 5sec, 15sec RSI readings.

Cable Update (GBPUSD)