Bend over so we can kick you in the butt

Cable Update (GBPUSD)

You know what's really strange ? Last month if you faded the gaps on say 10 or 15 pips (sub -1 min TF or lower) you could bag 10 pretty much every time. Now, good night ! we get a gap and it runs 50 or 60 pips and half the time it doesn't even fill. ...

Cable Update (GBPUSD)

For christs sakes ! Can't be long AND short at the same time. I'd really rather see the last low break and then test the interest from down there. From the looks of things, we may have to wait. London's going off to lunch and the US is about to wake ...

Cable Update (GBPUSD)

Well, lowest bid i saw was 7709 and it didn't happen until 6:44 am. So much for forcasting.........

Cable Update (GBPUSD)

Sounds about right. Those "medium bids" could hold us for at least a couple hours or so. 7600 the figure should hold us for the rest of the day.

Cable Update (GBPUSD)

I imagine we would if we had 30 seconds to spare. Some of us are scalping the sh*t out of this thing.

Cable Update (GBPUSD)

we got pivots all over the place at 7640 ( daily s2, weekly s3, monthly s1) and it's 100 pips off the last high at 611 am eastern and it's the path of least resistance. I'm afraid i'll have to put the bear away at 7640, just for a little while.

Cable Update (GBPUSD)

okay, I got it going to 1.7702 in about 15 minutes (6:37 AM est) and then either we break there and test 7640 or we bounce there and begin a reversal for the day - mayber 100 pips.

Cable Update (GBPUSD)

A little covering underway. How long it lasts is anyone's guess.

Cable Update (GBPUSD)

Of course it can ! The trick is to tell which end is the head and which is the ass. It's not as easy to trade an Ass & Shoulders formation. You gotta be quick.

Cable Update (GBPUSD)

I think we're close to a point where a few heavys will want to cover @ 17666 and 17640. Certainly not an end to a trend, but a point of reflection.

Cable Update (GBPUSD)

BG, I noticed you're in Romania and so I'm afraid a number of the paths you might take in retail forex are limited by geography. Not that there aren't opportunities where you are, because anywhere that there is a family of big banks there are FX ...

The odds against us (retail traders)? what can you do?

FXCM Micro — Just to keep up with what's going on with the retail end, I took a peek at what coud be very well be, as far as fx bucket shops go, the most outright obvious attempt ever made to pick your pocket. Even if you've never traded forex ...

FXCM Discussion

Don't forget, it is a holiday here in the states and as soon as the retail desks open up over the next hour or so and hit all the stops they can, it shouldn't surprise anyone to see the gap get filled. It's only a gap on the charts from market ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Okay, .786 is TOAST. It is a holiday in the states and for as far back as I can remember, this is one of the days in the year reserved for beating the hell out of the us dollar. Any holiday actually that the US fed is closed is an opportunity to ...

Elliott Wave Trading

.786 Gippy - feedback please. — I'm have a bit a trouble nailing down the .786 on GBP/JPY. Because of the capitulation low set on 03/17/2008 was a rather forceful bottom, with a nearly 600 pip range that day and lowest price traded coming in ...

Elliott Wave Trading

Cable looks heavy, 'ya think ? — Hello everyone, I haven't slapped up a chart here in a while and thought why not ? Take a look at Cable. With the exception of a reasonable retracement before the year concludes, let's say back into the lower ...

Cable Update (GBPUSD)

P.S. I have no idea if that really IS the end of Wave 5, because it could extend. So, please don't buy the Dow just because it looks cheap. At least find a better reason than you feel lucky.

Pound Yen and the DJIA