Would not be surprised to see a big gap down, followed by a steep drop this week. Maybe something like the chart. Sellers are still strong down here, and there is barely a buyer to be seen. All other major pairs look likely to continue in same ...

Cable Update (GBPUSD)

Gotta admit I'm a little confused down here. Entertaining the possibility that we are in process of a big drop.

Cable Update (GBPUSD)

Not seeing any big buyers still. Will find better things to do for rest of the day.

Cable Update (GBPUSD)

Giving it another shot here.

Cable Update (GBPUSD)

At this point I'm willing to try and pick a bottom with tight stops and half size. I want to get a good base for the anticipated big move up. I can and will add size when market has moved my way.

Cable Update (GBPUSD)

Hmm...starting to get a strong feeling that we have hit THE bottom. It turned at a very solid spot and I'm sure fooled a lot of people into prematurely shorting a breakdown. Then it bottomed out and played dead for an hour and a half. Now its ...

Cable Update (GBPUSD)

Yep, we're on the same page. Always good to TRY and be 3 steps ahead, even if our first step turns out to be a trap!

Cable Update (GBPUSD)

Yes I drew them, but that's not really the reason I'm leaning towards a rally. Its just another piece to the puzzle, most of the other pieces would require too much explaining for the moment. This is definitely not the greatest trade set-up, though. ...

Cable Update (GBPUSD)

Looking more and more likely to see that rally.

Cable Update (GBPUSD)

Still leaning towards a move to 1.5350, but if 1.5205 breaks I could see it dropping another 100 pips from there.

Cable Update (GBPUSD)

Well that doesn't tell us much!

Cable Update (GBPUSD)

If/when 1.5260 breaks I think we'll see a nice move to 1.5350. 1.5205 needs to hold, though. Kind of a risky trade, to be honest.

Cable Update (GBPUSD)

Here's my long-term forecast for this pair. I won't actually be trading this pair, but I'll be in GBPUSD. This pair has shown us recently what side the power is on (Bulls!).

GBPNZD trading calls

You know you love this game! Can't win them all, Spud. The month is young.

Cable Update (GBPUSD)

Posted this in my journal and thought maybe some of you might like it. Now, to the current conditions. There are not big buyers down here, but that doesn't mean we can't go higher from here. The market sold off nicely, but it wasn't THAT strong, and ...

Cable Update (GBPUSD)

First, about the last post. I did actually try to play this briefly before taking a small loss and getting back into my short. I didn't like the trade from the start. I was about 51% sure that it was the correct thing to do at the time, and I didn't ...

Zappa's Journal

How will we go on without such negativity?

GBPNZD trading calls

Please. I reeeeally doubt anyone else is using his forecast. I'm not going to argue this with you all afternoon. There is absolutely nothing wrong with what he posted. If you feel so strongly about this, then please tell us why his forecast is such ...

GBPNZD trading calls

I can easily see 1.5319 getting tagged before another strong sell-off. Might be a little bumpy on the ride there though.

Cable Update (GBPUSD)

How do you know it is not correct? You think TA always fits in perfectly with the market? THAT is not reality! Bottom line is there is nothing unrealistic about his projected path of movement. It might be completely wrong, but it is not unrealistic ...

GBPNZD trading calls