Do you understand the way the Interbank market works? Do you understand the difference between a retail market maker (bucketshop) and an Interbank market maker? On the Interbank market the banks set the bid/ask and they decide whether to fill you or ...

Comparison of AutoClick Services

I agree. That's exactly what I'm saying. The "spike" is the banks adjusting the bid/ask. There's no way of "beating" the banks. Of course you can beat a retail bucketshop who has delayed price feeds but the bucketshops are there to make money, not ...

Comparison of AutoClick Services

These "autoclick" services are laughable. The only way they work is by exploiting the delayed price feeds of retail bucketshops. As soon as these bucketshops realise what you're doing they'll put you on manual execution or close your account. ...

Comparison of AutoClick Services

Get a grip people, the markets are closed, those quotes don't mean a damn thing. Relax and enjoy the weekend.

Daily Cable Analysis

Good strategy. From your post I thought you'd opened your position before the interest rate decision was announced which would have been a mad gamble.

Daily Cable Analysis

It was a gamble to enter at that level before the interest rate announcement. If the BofE had hiked rates your stop could have been taken out with 100 pips slippage. With any technical system you should be keeping an eye out for fundamental risks.

Daily Cable Analysis

That what I was thinking. The middle BB is just an SMA so what you have here is just another price crosssing MA strategy. If it works then great but MA strategies are notorious for lagging and whipsawing you out in choppy markets.

Daily Cable Analysis

Here's what I'm talking about. I meant 1.9483 for the low. GLOBEX futures are slightly different but not by much because there's no interest rate differential for GBP/USD right now. KISS.

Daily Cable Analysis

This move is perfect for the downtrend. We came back up to exactly the 61.8 fib of the move from 1.9917 to 1.9583 and now it looks like we end the week with an upside down daily doji candlestick. Very bearish technicals for next week.

Daily Cable Analysis

Maybe the ECB don't want the Euro going too high so they leaked that. I can't see the problem.

EURO Manipulation - Call the cops

Fairly typical pre FOMC action. It's highly unlikely there will be anything unexpected from the Fed so we can expect the usual whipsawing. My guess is a big move down then a retrace back up after the Fed statement.

Daily Cable Analysis

Looks like a quick scalp off of the 61.8 fib of the 1.9263 - 1.9915 move. We're at a crossroads here for cable. If that 61.8 fib can't hold then we could be going all the way back down to the 1.93 area.

Daily Cable Analysis

Looks like a price rejection above our key 1.9723 level. The hourly candlestick failed to close above this level and price has been kicked back down sharply.

Daily Cable Analysis

You shouldn't get excited about every little pullback. Considering how far we've come down in the past 2 days, a bounce is healthy for the new down trend. At the moment it's just hovering above that key 1.9723 level so it could go either way from ...

Daily Cable Analysis

So it's the confluence of today's pivot point, the 61.8 fib AND the number of your dreams. Even better

Daily Cable Analysis

So the down trend should continue over the next few days. A great confluence level to watch for is 1.9723 - today's pivot and the 61.8 fib of the last wave down. That last wave was the second wave so we should have one more down wave to break below ...

Daily Cable Analysis

It's very common for the move of the European session to retrace before the New York session and then follow through with the trend when the Americans wake up. 1.9770-90 should act as resistance.

Daily Cable Analysis

Only a 5-4 majority in favour of the rate hike - totally unexpected and not good news for Cable.

Daily Cable Analysis

News coming up at 0930 GMT which should lead to a spike in Cable for the very short term. Target would be the 61.8 Fib of today's move at 1.9786 which is also a previous area of resistance. After that we should see a strong continuation of the down ...

Daily Cable Analysis

The price action of yesterday and today is very bearish. We've seen a trend reversal which should continue. People will be selling into any rally regardless of the fundamentals (which are expected to be strong anyway).

UK GDP Jan 24