While I agree with almost everyone here that the TA says its bearish, I firmly believe its bullish in the short term. The uncertainty and tension over Crimea is increasing, not decreasing. I don't want to offend anyone here, but most seem to suffer ...

Only Gold!

Gentlemen, technical analysis is all fine and good, but the current situation requires viewing the bigger picture. Sunday will almost certainly be full of tension between Russia and the west because of the voting in Crimea. Gold is going up in the ...

Only Gold!

Its gapping down like crazy!! 102.66 on XE right now. EDIT* It seems to be rising by the minute. I might have 'spoken' too soon.

USD/JPY Discussion

I find it much easier to lose the money I made in forex. Busting an account means rebuilding it from $70 back up again. I don't face that soul crushing pain anymore. If I bust it totally I will only deposit a $20 and build it back up again. I'm no ...

Day Trading vs Long Term Investing

WOW! That's an amazing platform. And here I am thinking that cTrader is shizzle. Which is the best broker out there using ProTrader?

IC Markets

Thanks Layzars.

IC Markets

Does this have any effect on cTrader since that just uses local time anyways?

IC Markets

I'm also pretty sure it will gap lower on open. I just don't know whether it will try to fill the gap? This could be a nice profitable short trade, with high pip value and a small trailing SL. Anyone think this is a good strategy? Obviously I will ...

EUR/CHF

Dukascopy is the worst broker in the universe. I don't care if they have millisecond timeframe.

OANDA Down?

Can someone explain why the claimants are fewer but the unemployment rate is up? Is it because it takes time for people to get on the claimant registry? If that is the case, why isn't the unemployment rate the more important bit of news?

Cable Update (GBPUSD)

So fewer claimants, but higher unemployment? WTF does that mean?

Cable Update (GBPUSD)

This whole notion of a higher currency hurting exports is really a moot point. It has always been the case and will always be the case, but that doesn't mean that central bankers always keep their currency low. A low currency has its other problems ...

Cable Update (GBPUSD)

No, the core isn't the more important one. Check any calendar out there. It makes sense because core CPI counts only the bare necessities. The full CPI counts everything from cars to internet subscriptions.

Cable Update (GBPUSD)

Because that is what normally happens and is how you should interpret CPI data. However, this can't really be considered weak. Forecast was 2.0%, Actual was 1.9%. The difference is very small and probably won't have any lasting effects. Of course a ...

Cable Update (GBPUSD)

All the weather related doom and gloom proved false. UK economy doing well. I think we can continue our bull run now.

Cable Update (GBPUSD)

CPI Question CPI YoY in 30 minutes forecast at 2.0%. Normally a deviation of +-0.2% makes a tradable spike (if you have the right tools). This time around I think it will breakout oneway or the other if there is a deviation. But what deviation do ...

Cable Update (GBPUSD)

UBS FX Morning Morning Adviser -------------------------------------- GBPUSD BULLISH Any setback will be viewed as corrective and limited to support at 1.6605. Resistance is at 1.6878, a break above this would open 1.7043.

Cable Update (GBPUSD)

I think it will have a big rally after lunch (13:15 GMT). The institutional are letting the retail drive it down while they have some salmon and chardonnay.

Cable Update (GBPUSD)

Absolutely FANTASTIC

Cable Update (GBPUSD)

If you don't use EA's I strongly recommend you guys check out cTrader. I find it much cleaner and easier to work with.

IC Markets