I am glad you asked. It is proven from research that stocks go up with quarterly earnings and sales over time. This will show up on weekly and monthly charts! Why the heck would a person day trade stocks, then? The price will fluctuate so much and ...

Cable Update (GBPUSD)

Take a monthly chart of Apple and a monthly chart of EURUSD going back several decades. Then, ponder which one will make you more money with less headache and which one will blow your account.

EURUSD only

I am both long and short. But over break even in the longs. I keep moving the stop loss in the longs up as long as GBPUSD keeps making higher highs and higher lows. If I am stopped out, then GBPUSD is falling and would be in an automatic short ...

Cable Update (GBPUSD)

At least you sticked to your system.

Cable Update (GBPUSD)

The real fundamental trend in forex takes place on daily and weekly charts. In stocks, on monthly and weekly...

Cable Update (GBPUSD)

Trading against higher highs and higher lows is like trying to run against these guys:

EURUSD only

TRADING AGAINST THE TREND IS LIKE...

Cable Update (GBPUSD)

It happened again... those who dare short a bull market. Higher highs and higher lows!!!

Cable Update (GBPUSD)

Here comes GBPUSD laughing again:

Cable Update (GBPUSD)

Base on your interpretation, what trade idea does this present to you?

Cable Update (GBPUSD)

Yep, the market could react to the data that way if the major banks think so.

GBPCAD

On a 16 hour chart, EURUSD is extended. It surpassed average daily range and average monthly range, as well. It looks like a shooting star is forming at the top:

EURUSD only

Sexy shoe! If you have pareidolia, then you can see more patterns.

EURUSD only

GBP/USD has reached monthly average range and reached 100% of the pass leg extension. Maybe this is a level where it will react and start to fall:

Cable Update (GBPUSD)

I agree

Cable Update (GBPUSD)

What do you think about a short on GBPCAD today?

Technical Analysis on GBP-CAD

For some, it is better to be proactive than reactive.

USD/JPY Discussion

Maybe the more lines a person adds, the more the market will appreciate it.

EURUSD only

Don't fight the fed...

USD/JPY Discussion

Every time you short GBP/USD, the market does this:

Cable Update (GBPUSD)