I see this going up from here. The down move looks weak and "too easy". There is no reason for it to top out where it did for a substantial move, so I think we'll be back to new highs very soon.

Cable Update (GBPUSD)

So far so good. I'm currently in the biggest GBDUSD position I've ever been in. Am I nervous about this? NO, I am more comfortable with my positions now than I have ever been. I'm still glued to the screen, but I am very secure in my decisions. I am ...

Zappa's Journal

EW is extremely subjective and that reason alone makes it useless for me. However, it was the first thing that I studied extensively when I began trading 11 years ago, and it is a useful tool for getting a trader to focus on price action. See these ...

Cable Update (GBPUSD)

That'd be unique. An MT4 indicator with people as components, hehe.

Cable Update (GBPUSD)

Something like this, I think.

Cable Update (GBPUSD)

I also think that we'll be back down to 1.5010 within a few weeks, and I respect your opinion, but I'd rather wait to see what's going on around 1.5600 before I'd strongly consider going short. It just doesn't seem like a good place to sell at the ...

Cable Update (GBPUSD)

Thanks, Spud.

Cable Update (GBPUSD)

Better question is why would you go short here? We just had a solid floor built (with many tests and fakes) and then an explosive move out of range. This is not a logical place to short (my opinion, of course). I mean, its possible that it goes down ...

Cable Update (GBPUSD)

This is going as expected, but if none of you caught this move, don't be upset because it was very tricky price action over the last few days. But if you looked closely, you would have noticed the quick burst of buying every time the market dropped. ...

Cable Update (GBPUSD)

Anyone else seeing a fast move to 1.5550-1.5610 area once this thing finally gets moving again? A stop at 1.5160 gives a solid r/r.

Cable Update (GBPUSD)

The market goes to these places because that's where the liquidity is. That is just how the market moves, imo.

Cable Update (GBPUSD)

Thanks. Using TL's goes both ways. You have to take into account the price action leading into the TL. This recent PA suggests that this time the TL will be broken, whereas in the past the PA suggested the opposite. We should be finding out here ...

Cable Update (GBPUSD)

And another..

Cable Update (GBPUSD)

I gotta admit that this chart had nothing to do with my decision to go long this pair, but its interesting nonetheless.

Cable Update (GBPUSD)

Cable needs to turn up right here if we're going to 1.5600 next. I believe it will.

Cable Update (GBPUSD)

Momochi!! Sorry to have missed your post! How are you? Yes, everyone has their own unique style, and I believe with hard work and dedication we will continue to improve and evolve at this until we stop. Here is a chart I have envisioned. I draw ...

Zappa's Journal

Or maybe get really lucky and see a move that's much faster. It actually looks more realistic.

GBPNZD trading calls

Yeah, the last few minutes were pretty wild. In GBDUSD it seemed like big sellers were finally hit with big buyers. Well, that last trade of mine didn't pan out as I was quickly stopped out. But that's OK, because what this tells me is that GBDNZD ...

GBPNZD trading calls

Just went short this pair for a long-term trade. I'll add to it as it goes towards my target, if it does. 3 lines on chart are stop, entry, and target. I really have a good feeling about this one.

GBPNZD trading calls

I'd go with Oanda. They are legit, have been around a long time, don't seem to play any games with clients, and as of the last few years have had a stable platform.

FXCM Discussion