Cable is only more volatile in pip terms which is a simplistic way of looking at it. In percentage terms GBP/USD and EUR/USD have about the same volatility. A EUR/USD pip is worth more than a GBP/USD pip so if you put 5% or your equity on EUR/USD ...

Has the GBPUSD always been King?

PipRippy I doubt you can make that strategy work unless you had an automated arbitrage system. The two tend to move simultaneously due to arbitrage.

Do You Trade XAUUSD (Spot Gold)?

Technically it's not pips with gold I don't think. CBOT futures are sometimes more than 10 ticks (1 dollar) but usually less than 5 ticks (50 cents).

Do You Trade XAUUSD (Spot Gold)?

Commission is $2.06 per contract. Spreads varies - can get very low during the most liquid times.

Do You Trade XAUUSD (Spot Gold)?

I trade gold futures - CBOT mini. Tight spreads, plenty of liquidity and via a regulated exchange so no dodgy prices. I can't see any benefit to trading spot gold unless you don't have the capital to open a futures account.

Do You Trade XAUUSD (Spot Gold)?

True. After a big move there is always a period of consolidation where the market is just range bound which in itself offers good profit potential. However, this being the end of the year look for some major profit taking from those who built up EUR ...

Cable Update (GBPUSD)

I would say exactly the opposite. The forex market is full of little rallies and falls that last only a few weeks before reversing. It's a swing trader's dream. Sell when the daily oscillators are overbought and coming down, buy when the daily ...

Is The Trend Really Your Friend?

Interestingly 4 times out of 6 the Euro has fallen on the day interest rates have gone up. I think a February hike was expected by the market but what Trichet said about inflation shows that that might be the last for quite a while.

Fundamentally-The Euro Rally is Dead:

That last one is quite sensible. I'd say the main cause of failure among newbies is having a stop loss that is way too tight and trying to "get in on the trend" when it has already come to an end. "Experts" who don't actually trade come out with ...

Do You Ever Double Down?

We'll probably see a dead cat bounce at the end of the Tokyo session followed by new lows at the start of European trading.

Cable Update (GBPUSD)

With the 38.2 fib gone focus will turn to the 50 fib.

Cable Update (GBPUSD)

The big sell off didn't come until the next day after the NFP data. I think it was a technical sell off more than anything but perhaps triggered by slightly less hawkish than expected comments and better than expected NFP data. One thing I did ...

Fundamentally-The Euro Rally is Dead:

Raising rates is certainly not good for the economy but it is good for the currency. The rate hike was already priced in so didn't move the market at all. What did move the market was the Trichet press conference. The market was also waiting for the ...

Fundamentally-The Euro Rally is Dead:

Everyone knew he was going to raise rates and the statement was quite hawkish but no more so than expected so after it went up briefly it came back down. The smart players could see the uptrend was over and just wanted to close their long positions.

Fundamentally-The Euro Rally is Dead:

It's a technical sell off. All those longs want to get out of their positions before the year end.

Cable Update (GBPUSD)

The way things are going so far tonight it's all going to happen very quickly...

Fundamentally-The Euro Rally is Dead:

Very interesting theory goodthings but what about days where there is a strong uptrend and price is constantly making new highs? How do you decide which high to sell into?

Cable Update (GBPUSD)

If you're not already in the downtrend that's an ambitious place to get in. It would need some sort of fundamental release to push it up that high. Hourly RSI may be oversold but daily RSI has only just pushed through 70 which is a strong sell ...

Cable Update (GBPUSD)

Gaps of 20 or so are not that uncommon when the market opens on Monday (Sunday still for most people). They tend to get filled.

Cable Update (GBPUSD)