I am confident the price action will move back up to test the 1.5 mark again in the near future. For some reason, I can see it breaking through. The more price lingers around the 1.50 area, the more likely it is to break through, then the old idium, ...

Cable Update (GBPUSD)

Of course he isn't, nobody is sure ! This is a game based on probability, therefore, it can go either way.

Cable Update (GBPUSD)

Randomness. You know how it works, a bunch of big boys may have put on trades, forcing the market to a desired target, or positioning it for something else. The AUD/NZD is a pair which has a lot less volume than the majors as you know, therefore it ...

Trading aud/nzd successfully

There is a lot more talk about this thatn you may think. If you read the Financial times, it talks about it a bit. The Chinese government would like a new world currency. They have over 2 trillion US Dollars in their reserves. As the USD has ...

Putin wants one currency

How about this one...

Crazy charts

I think it is foolishness to bash and completely disregard indicators as nonsense. Indicators can be useful if you become a master of the particular indicator you are using. I think a lot of people belittle indicators because they aren't using them ...

Indicators... The Beautiful Lie

Anybody know of any other demo tournaments or ranked leagues?

Forex Demo League?

Which meta trader broker are we talking about?

Forex Demo League?

It would obviously have to be an automated system. It shouldn't be difficult to do to be honest. You've heard of fantasy sports leagues, how about fantasy trading leagues? I've seen some in other investment mediums, mainly stocks.

Forex Demo League?

That's the thing, I don't want to move money into a different broker just because that broker has a league. I like the idea of everybody starting at a set capital, then seeing who can increase that set capital the most.

Forex Demo League?

Yeah, just Demo. I don't want to be signing up with a live account with lots of different brokers. I have my live brokers sorted, I don't want to open new ones. I'm just wondering whether there is a well organised demo league/tournament. I think it ...

Forex Demo League?

Thanks. Do you know of any others, that have more of a ranking system, or even one where one can win something?

Forex Demo League?

You could arbitrage that.

Cable Update (GBPUSD)

I think price action will bounce around in this blue triangle for a little while.

Cable Update (GBPUSD)

When the United States is officially on its way out of the recession. Then people will pull money out of the USD. In this recession, the USD has been seen as one of the safest investment instruments, across the board. That's across all futures, ...

Cable Update (GBPUSD)

An ascending wedge in a downward trend is a bearish formation. There is still quite a bit of room for price to go North still: I could see it touching 1.4750 again quite comfortably. It's important to understand that the overall trend is bearish and ...

Cable Update (GBPUSD)

Graph attached for consideration. Cable was especially bullish from the fundermental CPI data. Maybe an ascending triangle will be formed, with tightening price action: followed by a meaningful breakout. On the other hand, there may be uncertainty ...

Cable Update (GBPUSD)

One could potentially interpret that as an asymetrical triangle with tightening price action.

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

What is the target of 1.33 based upon?

EURUSD