And that includes (past performance) of a lot of predictions of the US falling from its No.1 position in the world economy.

Cable Update (GBPUSD)

For those predicting doom and gloom for the US$. We are still the #1 economy in the world. So like they say, "If the US sneezes, the World gets a cold".

Cable Update (GBPUSD)

Calling for a yearly top or bottom in ANY market with 5 months to go just shows ignorance. Which sometimes around here, there is no shortage of.

Cable Update (GBPUSD)

You posted yesterday that you had counted 6 waves and it was not EW instead WW, which I assumed was wolfe waves. Only thing there isn't 6 waves in that either. 5 points and eta and epa make a single wolfe wave. Just thought I'd let you know so we ...

Cable Update (GBPUSD)

I am familar with James16 and his many threads. And the fact that he is a effective trader using MA's and what I believe more importantly price action. I don't claim to know what his total trading system entails. But I did not say MA's don't work at ...

Support & Resistance

Since then, like anything, the more popular they got the less effective they have become.

Sick of all the MA crossover systems

None of the above. Market takes care of prognosticators who toot their own horn. Although at least sor-ass is staying with the trend.

Cable Update (GBPUSD)

Fibs and trendlines target zones which can line up with S/R. Support/resistance lies where most get churned-up. Where the market consolidates and spends the most time which shows that it is in equilibrium. If market moves higher from this point it ...

Support & Resistance

And then study when support/resistance holds and when it doesn't. Tricky, tricky.

Support & Resistance

Tuesday's R1 is 2.0400 or basically monday's high.

Cable Update (GBPUSD)

Nag, nag, nag. Oh I mean lag, lag lag. Its got that same ring to it. Anything works some of the time. It is when MA's are wrong, boy are they wrong. One example if anyone has Derrick Hobbs book Fibonacci for the Active Trader. What he calls the ...

Sick of all the MA crossover systems

Taught a lesson.

Cable Update (GBPUSD)

Another straw added to the other 10,000. Just saying, what Iran does is meaningless other than turning off the crude export valve.

Cable Update (GBPUSD)

Got to do better than that. I'll believe sub-prime woes. Massive consumer and federal debt. Yada yada. But Iran looking for payments in Yen.

Cable Update (GBPUSD)

Last time I looked there are 5 months to go in the year. So, for cable to go up another 600 pips is not very hard at all before end of year. It can move that fast before the end of July. So many nostrodumasses. Where's free444. He'd say it can hit ...

Cable Update (GBPUSD)

What is a correction if not a retracement? + + + Meantime imo on the 4hr chart we are still in a wave3 not wave5. I don't believe we have had anything more than a 23.6% retracement so I think we have more to go for a larger retracement for a wave4 ...

Cable Update (GBPUSD)

Meanwhile UBS just fired their CEO. Related to sub-prime losses I believe.

Cable Update (GBPUSD)

Not saying news does not matter. Just that some take glee in hearing news that will further drive down US$. I don't care. I trade what I see, not what I would like to see. Some here think the US$ "should" go down so they short it. If I trade against ...

Cable Update (GBPUSD)

Although I do agree long-term, and even short-term at the moment, the US$ is bearish, I get a kick out of the US$ bashers. Iran switching to Yen etc etc. Who f...... cares. Oh, but they are a major oil exporter. So. They are also a major importer of ...

Cable Update (GBPUSD)

Ok for those who say the exit has more importance over the entry I will try to use a sport's analogy. Since most here on FF are not in the US I will use Football (what we call Soccer) to try to make a point. Which is more important most of the times ...

Exits: Our worst enemy