"existing home sales unexpectedly rose 3.9% in February to an annual rate of 6.69 mln, up from 6.44 mln in January; economists were forecasting a 2.2% drop". May be a one time event. It sure ain't the bottom. But if economy holds and we leave the ...

Subprime Worries

Thats what she said.

Cable Update (GBPUSD)

If the Dow is in a corrective wave up from a down impulse (?), it is doing a damn good job of disguising itself. I would expect thursday to have some kind of a pullback after such a big move today as well as the fact that it has retraced 61.8% of ...

The Basics of Elliott Wave Theory

Psst - Hey over hear. Someone who knows someone else, told a guy who told my 2nd cousin on my Aunt Ethel side of the family, that they know someone who has a trading system that is 101% successful. I am to meet them at the pay phone on the corner of ...

Ultimate Successful Trading Technique

I'd look for a pullback in the US Stock Market on thursday after such a wide range upday. How much that effects Cable is another story. Edit: Also Dow has retraced 61.8% of move down from high a month ago.

Cable Update (GBPUSD)

"i bet euro is going to test the 1.4 in month to come....it has broke major R trendline all time high vs previous year high" Everyone draws their trendlines differently but myself I wouln't think that one would be significant because of it being ...

Cable Update (GBPUSD)

You can learn all you want by just going to any of the appropriate exchanges such as url

Spot Market vs Futures

Why the W,X,Y and XX's?

Cable Update (GBPUSD)

I don't normally look at the 240min chart but this is how I see EW progressing:

Cable Update (GBPUSD)

Right now I am seeing 93 bidding @ 0.8312 53 @ 0.8311 9 @ 0.8310 and 1 offering @ 0.8314 80 @ 0.8315 99 @ 0.8316 So fairly tight for evening hours. I don't trade swissy myself.

Spot Market vs Futures

I like the last line: "ps. this is my final revision to my system" Of course now you realize that even when a trader finds something to hold onto there is nothing wrong with improving on a good thing. Even George Soros himself would say we all have ...

ok finally!!!

I happen to believe it will go down too. Down trendline drawn from 2/2/07 to 2/27/07 extended till now and the 4 day trading range of last higher high on 2/27/07 should contain up move for now. As well as no serious pullback of 5 day move up from ...

Cable Update (GBPUSD)

Well actually they are getting rid of some of the future dollars they will receive. They might also diversify their overall currency holdings.

Daily Cable Analysis

I see then a big up day following by big down day. So far today was big up. But just can't see tomorrows bar just yet. More often than not up days are followed by more up days and vice versa. Why do you see it being down on wednesday?

Cable Update (GBPUSD)

Watch for fake breakout of daily downtrend line. May move a little higher, then reverse.

Cable Update (GBPUSD)

I see a down trendline on dailies plus a gann fan line. As well as trading range 2/23/07-3/1/07 all holding it from going higher. Maybe. It is always hard to fight the trend but if it turns then well ... Also dbl top on 5 minute. So top looks ...

Daily Cable Analysis

While I don't agree that using MACD or any other basic study is taking advantage of a market inefficiency (far from it) I do agree with many other points FXT has made. And far as the harsh tone, it seems it has been going both ways.

This so called "self-destruction" of trading systems...

The way I see it, is yes it is to increase the yield. The yield beyond on a few currency markets that might be TRENDING at the moment. That is what the Turtle method was about: TREND-FOLLOWING. The currencies do trend. Very good sometime. But as ...

This so called "self-destruction" of trading systems...

The Turtle method is trend-following in nature therefore the reason why multiple markets were traded is because you would be limited finding trends at any one time if you were only trading a select amount of markets. Which some may call ...

This so called "self-destruction" of trading systems...