End of retracement near — On my charts I'm looking at the very near end of a 3 wave correction on the daily and the weekly. For the daily, it looks like an ABC correction after a five wave downward movement; on the weekly it looks like the end ...

Cable Update (GBPUSD)

End of retracement appears to be near — On my charts I'm looking at the very near end of a 3 wave correction on the daily and the weekly. For the daily, it looks like an ABC correction after a five wave downward movement; on the weekly it ...

Cable Update (GBPUSD)

Downtrend — I'm with you on your position. We may see a little consolidation and sideways movement before the downtrend continues.

Cable Update (GBPUSD)

Dollar abstract thoughts — Let me give another perspective on this issue. Anyone who studies economics and the economies of countries such as the U.S know the dollar is facing a possible drop......maybe even as the world reserve currency. You ...

Cable Update (GBPUSD)

If you are trading on multiple currency pairs, there is a trend breakout, and the movement is strong 1000 pips a week is not unreasonable. I have 14 open trades right now, and the total positive movement for all these trades this week has been ...

Cable Update (GBPUSD)

Behman, This is typical on an intra day basis, and not very telling of longer term trends and movements.

Desert Island Trading Journal

Another entire post saying absolutely nothing......pseudo profound nonsense.

Cable Update (GBPUSD)

Interesting post. However, I have to say in reference to the strongest currency it depends what angle you approach the subject from. The dollar holds mighty power and influence, it is the world reserve currency, and the U.S. one of the most credit ...

Cable Update (GBPUSD)

Let me guess.....you harbor any negative feelings towards the U.S? This is another long post saying absolutely nothing. Nothing in regards to the truth about the U.S. Dollar. I have said it many times......you.....just like many people on ...

Cable Update (GBPUSD)

My chart illustrates basic Elliot wave theory. You are most likely reading the chart wrong. -Start at the top where the number 1 is, this is start of wave 1. Follow the 1 down(follow the red dashed lines) to the number 2. The number 2 is the end of ...

Elliott Wave Trading

Not necessarily, because this is the end of the week, the downtrend breakout was this week, and the fundamentals are shaky right now in many areas. This can be interpreted as market indecision depending on what angle you approach the issue from.

EURUSD

The market always has to retrace its profits.....and we are at the end of the week. So a doji is not a surprise.

EURUSD

You also

EUR/JPY Anytime!

The U.S debt is overrated......please do some research before you make these kinds of comments.....as I have tried to tell many others. The dollar is going up and you obviously do not understand the dynamics of the national debt, economics, or the ...

Cable Update (GBPUSD)

Your wave counts do not start in the right place. Due to the crisis last year and the carry over this year, the proper way would be to start in July of 2008 for wave one down. I see you are using the weekly chart and I am very familiar with Elliot ...

Elliott Wave Trading

I am inclined to holding the same position.

EURUSD

Yes, I have often thought about this.

EURUSD

You do any long term trading?

EURUSD

Most people do not understand the dynamics of the national debt. I encourage you to do some research on this based on your comment. The U.S is still on the forefront.

EURUSD

You seem to be another person who likely does not understand economics, the American economy, or the dynamics of the U.S. national debt. I wouldn't be surprised if you do not like America either. The U.S is still the most credit worthy country in ...

EURUSD