Who knows why, but cable has been and is in long term down trend since Nov.

Cable Update (GBPUSD)

I watch the daily and do not see a clear direction anymore. I hope euro keeps ranging.

EURUSD

down cable down.

Cable Update (GBPUSD)

I wonder, who is the resistance at 1.500? Should be a nice breakout -- if it happens.

EURUSD

If I had to guess, it would be that cable opens down. My logic is that the shorting was strong enough to push through the 20 SMA and is just started testing the 50 SMA. However, on my chart, the rsi just broke south of 50 on the rsi daily - ...

Cable Update (GBPUSD)

Cable and Euro have been long for a long time. Looking across the board, all he majors are bucking the long trend - dollar/equities up for now, then down when the bad news eventually hits. No prediction here other than that Dec and Jan will be wild.

Cable Update (GBPUSD)

If it breaks the 50% line on the RSI daily, then look out below. All. Most. There.

Cable Update (GBPUSD)

Interesting that you say that mina. usdjpy broke out first today before eurjpy and gbpjpy. if you agree that usdjpy leads these other crosses, you could have made a nice return on eurjpy and gbpjpy today. how often do these crosses lag on usdjpy.

EUR/JPY Update

wild sideways until after the market works in rate cuts in US and GBR in early 2008

Cable Update (GBPUSD)

wow, big move. Blew right through the 4H 100sma, but bounced off the the 200 sma, which lines up with past resistance.

EUR/JPY Update

What currency is safe? Have to wonder what gold will look like in year. Maybe it will all be in china. Haha

EUR/USD - 100 pip jump @ 9:25EST in 5 min???

That is exactly the point Phil. I would not recommend that anyone practice law w/o guidance, which is why there are significant hurdles to entering the "bar." I could see how one might try to go it alone, but it would be a long and potentially ...

Forum a substitute for a mentor?

I asked the same question a while back. I like to look at ADX and rainbow EMA's over different periods. ADX lags, but I like it. Please note that I am new to this so I really don't know what I am talking about.

Market conditions: trending vs. ranging, technicals vs. intuition

I bought on the drop and took my pips from the TS. I am not looking to go long now as it looks ranging to me, possibly setting up for another drop or run. I will wait until a direction develops.

Jacko's P&P Trend Trading Method

Thank you Mr Trend - tons to read and re-read in Jacko's posts (my bad). So, it sounds like this is where the discretion comes in, which is where I am most uncomfortable. When looking to reenter, how does one best use the data from different time ...

Jacko's Forex House of Pleasure and Pain

smjones, Ok, that clarifies a few things, but I am curious about this strategy and am trying to learn from today's move. If one believes that the trend will continue enough to place a long order at your executed stop loss, then why not place another ...

Jacko's Forex House of Pleasure and Pain

For those applying jacko's methods, I am curious how you applied the AH strategy to today's EUR/USD drop. When did or will you reenter long? Thanks.

Jacko's Forex House of Pleasure and Pain

Thanks you for all the responses. I think I will stick with price action and trend lines and perhaps rainbows. Lost to learn. I am very uncomfortable with coppy patterns.

end of a trending market?