i have a small buy order from the close last week at 1.562. gonna see what happens at the open but will be closing it and looking to short anything near the 1.57 mark. i still the=ink the long term trend is down for both the pound and the euro

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pound strength against the dollar has been strong and i sexpected to continue for atleast the first part of the week i have read'

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yeah i see price at 1.5611 on xe.com what possibilities can be drawn from this?

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very funny, i for one have appreciated your input all week, many thanks

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quite a life you lead my friend, could never dare do handgliding, would likely pass out with the fear

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[quote=Red Alert;5859358] at what level do you think it will break all stop losses? it seems to me that this is the way things seems to play out. As though someone actually has the precise number to hit to clear out everyone, place their own short ...

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a classic

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price shoots down ten pips and the ask line stays the same, not fair me thinks....

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60 per trade? meaning the spread alone costs you 60? If so then your risking way more than 3% per trade

Lot size and margin call

anyone else got a 7 pip spread right now?

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Now that makes more sense, most traders are short and thus holding negative trades, of course if they were in profit they have a tendency to close them out. some seriously complicated stuff in trading tech. I always thought i was smart..

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brave

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But surely then the SSI simply proves that retail traders go against the trend and increasingly so the deeper the trend? The market moves up, more retail traders go short. This means the market is driving the traders and has nothing to do with the ...

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thats the thing, there are obviously still more buyers moving us up. Its true that if you took a cross section of sentiment right now (and for the past 3 days) most would be bearish. I have read almost every site that indicates sentiment and ...

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got to agree, i would have thought the very hint of a rate cut would have dropped cable like a balloon. Strange goings on, i was closed out by my stop loss overnight (for me, im in the USA) and now that has happened im fairly sure we will see this ...

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agreed, (or wishfull thinking on my part but anyway here is my stance) We have seen 4 consecutive days of dollar declines on the dollar index. I read that the last time this happened was late April and was followed by a massive reversal through May. ...

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would be nice, lets see

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So today we have had the BOE talking about a possible rate cut, more improving news about US housing starts. And the price is moving up seemingly to yesterdays stalemate at 1.565? I dont get it, not at all...

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also USDCAD BUY @ 1.0117 T/P 1.025 S/L 1.010

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time to sell @1.565 2 lots T/P 1.550 S/L 1.569

Cable Update (GBPUSD)