I agree with Sniper. Still bearish, low liquidity on Monday, US banks closed. News comes out GBP GDP weak, yet very little reaction to bearish side at news release. PA just shaking out sellers, and trapping buyers. Bullish move with Farage seems ...

Cable Update (GBPUSD)

Got a nice spike down, then recovery..just floating here, collecting buys. I'm Sell Bias for mid term.

Cable Update (GBPUSD)

Hope it’s Talisker or a nice Glenmorangie

Cable Update (GBPUSD)

Agreed, Monday downtrend, or half this week at least, then Brexit approval, aiming for 3200. Current scenario I'm leaning towards. Will see how Monday plays out.

Cable Update (GBPUSD)

Was reading somewhere overall long positions for USD was bumped up another 2billion total, putting it at low 20billion in long positions. Not sure if that's fully relevant.

Cable Update (GBPUSD)

url iven if BoJo sends a request to extend EU can deny it, and push forward. Benn act is still “honoured”, but doesn’t mean it’ll be delayed til Jan 31st.

Cable Update (GBPUSD)

wow ten years later, this thread is still going.. I'm further testing this 'no stop loss' idea. Here are the points i've found most relevant to my backtest on some pro trader's FX books (all manual entries). MAE max is 300 pips. A big loss to their ...

Trading without stop-losses

I think that you guys are spot on, seeing how this market works. This is kind of what i'm seeing Monday open.

Cable Update (GBPUSD)

Hey Asgcorp, I was curious and trying to find this information. How can I calculate a rough estimate for one pip of price movement in the markets. I.E: You have a total volume of Sterling/Greenback on GU, each pip movement up or down equates to XXXX ...

Cable Update (GBPUSD)

Thanks for the input Batu. I'll point out I think Tony Robbins is a snake oil sales man, and I ascribe more to Ray Dalio's hyper-realism. I don't buy into motivational quotes, and believe solely on research and constant process refinement. Like many ...

has anyone EVER seen a successful trader/trading system?

Last thing you'd want (as a profitable trader) is to have someone hounding you on your secret sauce. Imagine if you spent 8-10 years to just get some order among the chaos, and then you post this 'elusive' yield curve on FF. Guaranteed you will ...

has anyone EVER seen a successful trader/trading system?

My uncle traded forex (before he passed away) I know first hand, he made a lot of money. Sadly, I never capitalized on learning from him, and coincidentally got into this shortly after he passed away.... It's do able, but people don't have the ...

Forex - A negative sum game for losers

Thanks for the insight Asgcorp. I’ve been using Oanda for my positions but my another source would be better. Update: Nevermind, I found one; Forex CentraldDOTnet

Cable Update (GBPUSD)

Agreed, i'm still fairly new to trading, and want to be of an unbiased position...but I always seem to lean more towards being a bear, any advice on that?

Cable Update (GBPUSD)

IMO, deal will never happen. EU lets UK do this, AND Britain goes on to regain economic strength, then the rest of the bread winners in the EU will topple like dominoes. It's in their best interest for Brexit to not happen. They're just dragging it ...

Cable Update (GBPUSD)

same... just watching that price move like molasses

Cable Update (GBPUSD)

They're also saying BoJo's deal is worse than May's.... I see volatility, for sure, but will cut my losses and sit on the sidelines till this news comes out. I'm leaning towards further disarray and Parliament blocking Boris.

Cable Update (GBPUSD)

Sounds like Boris was “DUP’ed”

Cable Update (GBPUSD)

retracement is about 30-40% of the initial push which is what you're seeing around open of NY. IMO wind can blow either way still. will see what price does come Tuesday Wednesday. They very well could do what they did last week, just opposite ...

Cable Update (GBPUSD)