Looks South — I see the GBP/USD heading south now. I went short @ 9564 with 1st target of 9513. 2nd target 9463 and 3rd about 9430. Really doubt if we see the third target today. We will see.

Cable Update (GBPUSD)

Just trade what I see — My overall bias is still down for the GBP/USD today. Candle action is seeming to be setting up that way but I am concerned about the timing. Probably will not take a position until I see some more european action. Keep ...

Cable Update (GBPUSD)

Trade what you see — Trade what "YOU" see, not what I think might happen. I see the possibility of a little more retrace before going down, but will wait for the chart to tell me the next move.

Cable Update (GBPUSD)

I am waiting also — Although I see GBP/USD down for the coming day I am waiting until the European session gets going to take a position. We could possibly test up to 9570/90 before starting down for the day. As usual, just what I see.

Cable Update (GBPUSD)

What next? — I have been cautiously staying on the long side of GBP/USD. USD is definitely on it's back foot. I look for a strong correction in the next few days but we will need to get some positive dollar fundamentals for it to happen. All ...

Cable Update (GBPUSD)

Holiday — Moe, I thought you were done for the week!! For my 2 cents worth, I am showing neutral on short term with an overbought condition on the longer time frames. No indications to enter at this time. Kenny

Cable Update (GBPUSD)

Friday and Holidays — Also this is Friday. Next week is a Holiday in the US. Both spell profit taking and squaring books to me !!

where is all this Dollar weakness coming from?

Top for the day ? — Everything I am looking at tells me the move is coming to a halt. Euro and pound overbought, Swissy oversold. If we don't trip more stops at the London fix we should see a healthy retrace. I am counting on it. Already ...

where is all this Dollar weakness coming from?

Wise Words — [QUOTE=NewstraderFX]You gotta treat trading like a young quarterback treats a game. A young guy isn't gonna go for the bomb at the outset-Tom Brady might-but he's already won some superbowls. How many have u won? Start with a ...

$ For The week of 10/23-With Some Trade Ideas

NZD Spread — Well, on to the next trade !! Everyone have a wonderful day.

Nz trade balance

NZD Spread — AUD/NZD jumps around quite a bit around announcements. I will take my position on the number. Negative 800m expected. 1 b or so should make it take off. Good luck everyone. Be back after the trade.

Nz trade balance

NZD Spread — Wonder who is making money on those spreads. Could it maybe be the broker? For whatever it is worth I am going to take a trade on AUD?NZD only if it goes long. Good bit of room up to 1.1700 and if it breaks through Katy bar the ...

Nz trade balance

NZD Spread — My spread on AUD/NZD is 13. On EUR/NZD it is 30 !!! What are yours?

Nz trade balance

Aud/nzd — Try the AUD/NZD. Bigger spread but MUCH larger moves !!

Nz trade balance

Always Fun — NFP is always fun. Highlight of the month. I generally get a trade in early using my normal system and let it ride. My experience is the announcement very seldom changes overall sentiment for an extended period of time.

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