Hi Algirdas What are you looking for correlation of? Swissie against euro maybe? Oil and euro? Thanks in advance for shedding some light on this. Simon

EURUSD

We have very tough resistance on cable and euro. I scalped 50 pips on euro short but sitting on the sidelines now.

Cable Update (GBPUSD)

Euro also looks more likely to go down to me, be careful. We have tested the triangle and now below the 5PM EST daily pivot. Anyway this is a cable forum, so lets get back to that.

Cable Update (GBPUSD)

I have profit targets of 14820 and 14730. 14730 is very attainable I think. Just above the central pivot and 618 ret as you say. NY usually reverses London direction, so hopefully this will add some push to the move.

Cable Update (GBPUSD)

Pound dropping like an obedient dog now. down boy!

Cable Update (GBPUSD)

ha ha, very true!

Cable Update (GBPUSD)

I agree Shermenator, I could have waited for some better price action to follow. Lets hope the UK news is really bad

Cable Update (GBPUSD)

Well we still havent broken R3 so unless that happens, my decision stands.

Cable Update (GBPUSD)

Love it! Pump it up before the news so it can be sold again.

Cable Update (GBPUSD)

If the big boys are serious about taking this long, they will break the R3 pivot at 1.5063, at which point automated buying will kick in. I dont believe they have the balls to do it, so I'm short.

Cable Update (GBPUSD)

I agree. I learnt 2 years ago that news trading does not work.

EURUSD

Thanks Doblece There is also an excellent book I have just read: Beat The Forex Dealer - Agustin Silvani url He explains how you can trade with the dealers and use price manipulation to your advantage.

EURUSD

Never complained about it SunTrader. I just know that the big boys going on stop hunts is a fact of life. That's why sometimes, on big news days, intraday highs and lows are taken out before price reverts to exactly the point that it started.

EURUSD

In my humble opinion I think were analysing friday too much. It was a typical "freaky friday". And as usual, NFP was the perfect excuse for brokers to manipulate the market.

EURUSD

Steelhead, if you have the time it would be really great if you could post your teachings on here. Thanks in advance. Simon

Cable Update (GBPUSD)

Bear flag anyone?

Cable Update (GBPUSD)

I'm still short from yesterday, longer term position. Already scaled 2/3rds. Good luck!

Cable Update (GBPUSD)

So what happened to your long 8 hours ago gagakrimba?

Cable Update (GBPUSD)

More like its making an arc downwards underneath the pivot.

Cable Update (GBPUSD)

Dont worry, I wont. Thats the point where I want to sell again

Cable Update (GBPUSD)