I think it was the other way around. Because we have put pressure on those three now they are considering going to the Euro.

Gulf War Charts

You can draw a line on a chart at any point and it will be there before the price gets there. Does that make it leading. Nothing leads price. I can't believe this simple idea is so hard to grasp. Traders use all kinds of indicators to gain a higher ...

Why exactly do EMA crossover systems not work?

I was going to post another negative schmuch response. But instead will say that post#2 by FXEZ should be copied into every MA thread here in FF. And I second what Craig in post#7 said .. "They don't work because past averages have nothing to do ...

Why exactly do EMA crossover systems not work?

Who: John Basil Utley ? Where: Molech ?? Why: Joe Lieberman - Do we care??? And no I am not a Democrat. I am an Independent but not like Joe is for convenience sake. I am hope and I pray (pc police is that ok) that we don't do anything to Iran. ...

Gulf War Charts

Congratulations and not to take anything away from your strategy but it has been around awhile in many different forms. One that I know of is in the John Carter book Mastering the Trade, he calls it a box play. You could also say it is similar to ...

FlexBox indicator

Yes true it wasn't a spike in that it tumbled down over a few hours. Better way to put it was a very long candle wick on a Hammer. My main point was very little time was spent at the bottom. Market went down to 1.9480 and "turned on a dime" based on ...

Daily Cable Analysis

1.9480 was not important support. A spike low (on 1/31/07) if that is what some are referring to, is not important. "Important" Support or Resistance is when a lot of volume and or time is contained within a narrow band. A wide zone of 1.9450 down ...

Daily Cable Analysis

1.9480 was great support. Huh, I wouldn't call a spike down bottom, great support. And why is 1.9430 the next support??? I'd say todays low 1.9454 down to Jan 5th low 1.9260 is a wide support zone and I would think right now that bottom end of this ...

Daily Cable Analysis

Not my words, it's from DailyFX: GBPUSD - Our focus remains for a test of 1.9307, which is where the decline from 1.9750 would equal the 1.9915-1.9482 decline. The decline below last week?s low at 1.9482 bolsters the bearish case as does the break ...

Daily Cable Analysis

I must have been seeing things, or crossed my post up with another thread? Disregard my comment.

Gold Discussion

You forgot to put IMO humbly or otherwise. I'd suggest you do a little more reading than just the people who criticize Friedman. A good starting point might be Wikipedia. But I can see your opinion is already made and so is mine. But that is what it ...

Is the FED Friedmanian?

"Sadly, Milton Freidman was a failure". I would love to be a failure like him. Nobel Laureate, Author, Columnist, Advisor to numerous Presidents and the leader of a whole new thinking in Economics. He might not be your guy, but he was the furthest ...

Is the FED Friedmanian?

Cable — British Pound The Bank of England?s decision to leave interest rates unchanged triggered a major sell-off in the British pound against the US dollar, Euro and Japanese Yen. The most interesting aspect of today?s move is the fact that ...

GBP Rate Decision

Milton Friedman was the most Intelligent/Sane/Respected* Economist of the last 50 years. *At least by anyone who knows anything about Economics.

Is the FED Friedmanian?

"Strong vigilance remains of the essence so as to ensure that risks to price stability over the medium term do not materialize," Trichet said - language that has augured an imminent rate increase the past six times he has used it.

GBP Rate Decision

I was only meaning we were in the area of daily trendline. I never look for an exact to the pip (or even within 10-15 pips for that matter) reaction. More important is the reaction to the reaction. Is there follow through movement. I.E. 1) Daily bar ...

Daily Cable Analysis

Actually I was only asking because I didn't know one way or the other. I should have know better what your actual tone was. Tired when I read it.

What's the use with RSI, STOCH, CCI?

Long term daily trendline was touched down here around current low 1.9567 If there is a break and close below might then look for a move to low of the year @ 1.9260

Daily Cable Analysis

Looks like you are another who prefers to put retracement lines the opposite the direction of what they are meant to be plotted.

Gold Discussion

Do I detect a note of sarcasm? I notice that the bottom on March 1985 was widest range bar on the chart and it engulfed previous 3 months as well as traded into the range of the prior 3 months. As sure a sign a bottom was put in.

What's the use with RSI, STOCH, CCI?