T-Sar, I don't have much in the way of a big picture opinion on cable right now. I've been bullish for the last few weeks, but we're bumping up against some decent resistance @ 1.625x, and struggling to close above it. The only thing I see that ...

Cable Update (GBPUSD)

Hey BB, you gotta be careful with NFP. For the better part of 3 years I took the day off, trading-wise. Nowadays, I don't mind it, if I can get a position pre-market (NY) and if London prints a setup I like.... and I run my stops wide (Oanda is my ...

Cable Update (GBPUSD)

OK, it's only $1.5B, but still funny all the same: "By Deborah Levine NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $1.5 billion in Treasury Inflation Protected Securities on Friday, as part of a program that is the ...

Silent Service Method

Russia's got oil......maybe the Middle East's getting to be more trouble than it's worth. Mexico should be happy their fields have been in decline for decades.

Silent Service Method

Hey T-Sar, I don't know how to project harmonic targets outside of the original pattern, instead I use the points of the pattern as targets. Care to share?

Cable Update (GBPUSD)

LOL, I had a good time making $ to the long side thinking about all the punters who thought serial weekly pins were foolproof.

Price is everything

Doesn't do much good now 9 months after the fact. No offense meant, I stacked 6 positions on that garltey, the earliest paying out 1320 pips. Trouble with harmonics is....they have to be textbook-perfect for a decent success rate. Too many indi's ...

Cable Update (GBPUSD)

I like the FA, but if AU heads higher I expect a nice day or two of southbound action after we breach the current top to close out the weak longs. Call me a skeptic.

Silent Service Method

I know someone here who was, for the longest time, just playing small longs on audjpy, with a decent balance. Banking 4.5%, paid daily, beat the crap out of a savings account. Even underwater positions pay the swap. Positions so small stoplosses ...

Silent Service Method

I almost posted the same thing. Great money to be made on the swap.

Silent Service Method

The "recovery" (which will hopefully always live in quotes), is a complete and total joke. How do you fix a broken financial system by giving trillions of dollars the the folks who broke it, and then leave all the structural deficiencies in place? ...

Silent Service Method

woooo hoooo!....no trading for a week or two... — Had to show y'all, meet Amos, our 9 week old boxer pup! image image

Silent Service Method

@begin2end Technically, a falling wedge is a bullish pattern. Also showing bullish regular div on the monthly. Not that I'm buying the Euro, just technical opinion. image

Silent Service Method

Red, How do you differentiate between honest supply/demand, and inter-session (session overlap or periods of low liquidity) congestion?

Price is everything

Currency-wise, I was up and trading NY on Friday. It seemed very "indecisive". Normally I expect the big boys already have their bets in place when news comes across the wire (even unexpected news like when Dubai threatened to default on it bonds). ...

Silent Service Method

I have a friend whom I consider to be smarter than average....and he's investing in real estate. Not because he expects it to rise in value, but because he wants the land itself and looks forward to paying back the loans with inflated dollars.

Silent Service Method

It's not a cycle....its a lifestyle. LOL.

Silent Service Method

this one too: image

Silent Service Method

It sure looks like the late-longs are getting their clocks cleaned. Hope some of you had the wisdom to stay flat or go short. I won't be looking at it til tomorrow AM.

Cable Update (GBPUSD)

Monthly charts don't turn on a dime, I would love to get long at a lower price for year long trade. Otherwise I just wake up every morning and look to see if it's at an attractive level or not.....lol.

Cable Update (GBPUSD)