Somebody might need to double up their meds

Forex Gang Trade

The more times you trade (i.e. scalp) the more times you can be wrong. Yeah I know that is being pessimistic. The proper mindset is to think about what can go wrong before counting all the millions they will make. Thats is why most refer to ...

Taking Profit > Stop Loss. Why?

1.9829 R1

Cable Update (GBPUSD)

I should have been clearer. Long term I define as weeks/months not minutes. I don't care whether cable moves 20 pips. May's range was 395 pips, back in the good ole days that could almost be a days range I have lengthen my trading horizon with ...

Cable Update (GBPUSD)

Longterm uptrend is still intact on cable but it sure ain't showing it wants to resume up move anytime soon.

Cable Update (GBPUSD)

Well the same could be said that if cable breaks support @ 1.9736 we may get to previous pivot low 1.9676 I kind of think the upside is more likely. Ever since the top @ 2.0131 this grind lower has not had much conviction. And the same in reverse ...

Cable Update (GBPUSD)

The market is self correcting. Any advantage a group would have (in this case a group of small traders = minimal) the market would adapt to. So unless you are talking about scalping, which is a losers game unless you are real good at it, any other ...

Forex Gang Trade

People can have an opinion and not act on it. It is money on the line that moves market. What a market "should" do doesn't matter. Whatever news or fundamentals happens doesn't matter. It is what the consensus detemines how the news and/or ...

Cable Update (GBPUSD)

Money moves markets. Not opinion.

Cable Update (GBPUSD)

Whether cable is trading at 1.0000 or 2.0000 has no bearing on whether the daily range is large or not. It is volatility driven by news/fundamentals/technicals and world trade and peoples perception of what it all means. And when it is a holiday in ...

Cable Update (GBPUSD)

Well when you draw fib retracement the 50% is always in the right spot no matter what. But the longer term fib ret should be drawn reversed - lower %'s above and higher %'s below. Shorter term is correct. Meanwhile yes it is a bull flag but I would ...

Cable Update (GBPUSD)

The trend is determined by the timeframe you are trading, but if you don't specify which timeframe you are trading - then how do we know which trend you are talking about. And the classic way to determine the trend is by first looking at the next ...

Cable Update (GBPUSD)

Asking what do you think might happen today, up / down ? is OK. Although trying to make a decision by polling other traders is the wrong way to go about. Now saying that "it will go up or down" and because "my moving average/trendline blah blah blah ...

Cable Update (GBPUSD)

Cesarnc, Thats it. Kick ass and take names. But I am afraid it won't do much good. TGIF.

Cable Update (GBPUSD)

There is a over supply only because sales slowed down. If sales had kept up then the supply was just about what the market needed. If sales don't pick up then the supply will grow uptil they slow down the building of further new homes. Simply suppy ...

Cable Update (GBPUSD)

Yeah you notice that. Not many say "I think.... or I believe... or this might..." I glad to see so many are so certain. But they all can't be right.

Cable Update (GBPUSD)

Well if you had some insight about me, you would realize I am just like you, in that if I talked about your country (whichever that is) you would defend it as well. You might do better to critique wherever it is you live than the USA. As they say ...

Cable Update (GBPUSD)

Sounds like just another jealous non-American. Meanwhile what does one have to do with the other. Why bring mudslinging into Forex?

Cable Update (GBPUSD)

Not quite. There aren't moderator(s) ganging up on him. Just one moderator, who probably saw the tone the thread has had the last few days. If the majority prefer not to be peppered with multiple charts for USD/CHF, USD/JPY or who knows AUD/USD or ...

Cable Update (GBPUSD)

MACD may have turn bearish April 24 but there was already 3 down closes in row from the top before MACD showed itself. BTW are you using the standard 12/26/9 settings or something a little shorter.

Cable Update (GBPUSD)