Keep selling, Davit, this should be funny. BTW, is that USDCHF call I made a few days ago starting to look "realistic" yet?

EURUSD

I don't think we'll be going much lower than where we are right now, maybe another 10 pips or so. I wouldn't dare short this pair right now.

Cable Update (GBPUSD)

Is it starting to look realistic yet, Davit?

USD/CHF

You'll see. It'll be back down to .8175 very shortly, just watch.

Cable Update (GBPUSD)

EURGBP about to drop, but both EUR and GBP will gain rapidly on dollar. GBPUSD looking like its ready to explode.

Cable Update (GBPUSD)

You got that turned around. Easy stops getting taken on drops. Big stops already taken at 1.6250. We going up, baby.

Cable Update (GBPUSD)

Logic is the ONLY thing I use anymore. Nothing else comes close to its power. And yes, it is like an onion--the process that is. Good luck to you as well. Was nice chatting with you.

Why does price make a pullback after a break?

YES!! It is VERY challenging, but gets easier with time. The sooner you realize to need to understand these things the better. I've spent over 10 years staring at the markets. That is 10 years of INTENSE screen time. I doubt there's anybody on here ...

Why does price make a pullback after a break?

Ignore him, Slim. Sitting around arguing with an idiot is idiotic in itself. Just shake your head and move on.

Why does price make a pullback after a break?

For me, figuring out the "why" is how I figure out the "where" as well as the "where to". Having a solid grasp on why a price turns where it turns takes your trading to another level. To trade without it is equivalent to fighting blindfolded. Using ...

Why does price make a pullback after a break?

You're funny. Moving along now...

Why does price make a pullback after a break?

Keepin' the ball rolling, but trying to catch the big fish. I think there's plenty of scratch to be made in several pairs right now, but GBPUSD is looking to be the most rewarding a.t.m.. Look at the weekly, we are about to break-out of a range. ...

Cable Update (GBPUSD)

This pair is going to fly. Hold onto this one, sniper.

Cable Update (GBPUSD)

It wasn't out of context. How would you know how a pro thinks when you are clearly not a pro? A loud mouth with a heavy dose of arrogance, yes. A professional trader? Clearly not, and no amount of brash language will change that fact.

Why does price make a pullback after a break?

To actually consider yourself a pro, you might want to start by at least trading a real account. No offense intended, but try to not come off as a know-it-all when you are trading demo accounts.

Why does price make a pullback after a break?

NZD vs any other pair looks very dangerous at the moment. It looks as though it might spike considerably higher, but also has a substantial risk of falling soon. I'd stay away from this currency for the rest of the week, at least.

NZD/USD

TS, the markets just seem to bounce around from liquidity spot to liquidity spot. In the chart you posted, there must have been some been spot that the market had hit at the top. If you look back further in time you will see why it sold off at the ...

Why does price make a pullback after a break?

To give a complete explanation would be quite time consuming. To put it very simply, it was too strong going down and too weak going up. With that said, I have been guilty of being over-confident in the past. I do, however, believe strongly that I ...

EUR/GBP - What a great pair to trade!

It is going back down to .8190, this much is almost a guarantee. Below .8168 seems highly probable. The question is "are we at the top right now?'". I think it has a little further to go. Maybe .8315 area.

EUR/GBP - What a great pair to trade!

First of all, I don't agree that EURUSD will keep falling from here. Now, as far as currency correlations, yes EURCHF has been in a very tight range since the end of 2011. If you look back further, however, you will see some very large moves. When ...

USD/CHF