Hmm, 10 pip spread at the moment.

Cable Update (GBPUSD)

I'm getting out of my short just above R1, around 1.4893, TP from 1.4933. Cable has been ridiculous lately, it's as if most traders don't know what they're buying. Perhaps Barclays is partly to blame, but then everyone is also saying the downtrend ...

Cable Update (GBPUSD)

Ok, right about now would be a great time to get in long, as we are looking at a massive selloff on Wall St in about 14 hours from now. CAD housing starts should help matters further, IMHO. Watch for S1 @ 1.2080 though.

USDCAD trend reversal?

What do you use to gauge the volume at any particular level?

AUD/USD

Perhaps. Or you could wait til another 50-100 pips lower. This is another bailout rally clearly liable to fizzle next week.

USDCAD trend reversal?

Yeah, there's a ridiculous amount of fear on the market. A good rally is needed to bring things back to normal a little.

AUD/USD

Okay, can someone clue me in - what the hell just happened to cause this 150 pip drop in the space of 1.5 hours?

AUD/USD

That's some great analysis! I just thought that RBA's move and stimulus package have been perceived (at least initially) as positive developments for the currency. I also think that in a very short term (think 1-2 days), equity markets ...

AUD/USD

I see a strong move up blowing away R2 around 0.6440 today; Dow futures looking positive, and the rate cut is in line with expectations. Will ride this through the NY session.

AUD/USD

Now may be a good time to start building a long position, with small lots.

AUD/USD

Yeah, it would be nice to see what makes someone say stuff like "90% probability trade", "easy peasy", as well as what gives you the idea that you have the altitude to school us, lowly retail FX worms.

Cable Update (GBPUSD)

Professor 4x: you posts make you sound like a thread hijacker, they are smug and unsubstantiated.

Cable Update (GBPUSD)

Please post a chart upon which you have based your analysis. I do not see any ascending trends (yet), other than a couple of monster 1H candles.

Cable Update (GBPUSD)

Heh, well then I guess we shall see how your "easy peasy" theory works out pretty soon - surely it is not based on hope.

Cable Update (GBPUSD)

This is crazy - none of the dollar crosses are respecting risk aversion, except maybe for Aussie and Kiwi! This rally might have another 60-80 pips left in it, and after that it just has to correct.

Cable Update (GBPUSD)

What do you see as the reason for the trendline to be broken right now? No important news released, equity markets are down, dollar is higher against everything but the pound, U.K. economy still sucks. Watch for the plug to be pulled just as quickly ...

Cable Update (GBPUSD)

Looks like an aberration to me... be careful if you're long.

Cable Update (GBPUSD)

1.45 - today???

Cable Update (GBPUSD)

I have a resting order to get in short @ 0.6570. If the market does indeed turns as ugly as it looks now, the bottom will fall off this thing and it will slide all the way down to 10-30 zone today, at the very least. Also don't forget the impact the ...

AUD/USD

Are you guys serious? Take a look at the U.S. equity futures and get out of your Aussie longs ASAP, instead load up short on GBP/JPY!

AUD/USD