Yeah, I guess you could say that. 17 year high more likely will attract some selling presure or at least cap the buying. BTW I'm short 1/3 at 8255, have two more offers at 1/3 @ 8280 and 1/3 @ 8300 with a stop on the whole position 8315. But be ...

Aussie Pairs

It's all about the yen carry again. A good indicator will be AUD/JPY rumoured offers at 99 ahead of 100 handle. If that holds and cap the rally then we can see a nice correction.

Aussie Pairs

Great thread, Traex I'm on the same page as you guys that cable is in ABC correction but how about that ABC being wave 2 ? I just don't see the uptrend finished yet on the bigger picture.

Harmonic Wave Journal

The reason they buy high is to sell higher

Cable Update (GBPUSD)

One could argue about tightening the stop once you have a profit of couple of pips. As you know 50-60 pips is just random noise for the cable and by moving the stop too close you're facing the dilema of cutting your profits short.

Cable Update (GBPUSD)

For the same reason GBP/USD is 5 - lack of liquidity

Euro spread

Most of the markets will be closed in less than an hour so don't expect anything to happen between now and then. Most of the book squaring has been done ahead of the NFP anyway. Enjoy the holiday and try to get away from the market for the weekend. ...

EURUSD

Traex, I agree with your count. The only difference is that I have wave A instead of your 4 and wave B instead your 5. In my opinion we are due for another leg down ( wave C of 4 ) before final push higher to complete wave 5. Just my 2 cents

EURUSD

Give it a little bit more time, at least until London fix to see the close for the month/quater. In my view there is still some downside but overall it's a bull market for both euro and pound.

Cable Update (GBPUSD)

Thanks

Tool for calculating risk

I'll go with 5.25 as well for now but 5.50 by the year end

Daily Cable Analysis

Yes, it's called Volume Spead Analysis. It gives you clues when the big boys/smart money are active.

Banks analysis

KipprerII, I hope you don't mind me saying that but that's what trading is all about. One thing I know for sure in this business is that you never gonna make any money staying aside. Untill you put yourself on the line it doesn't matter if you are ...

Low Risk, High Reward Trading Experiment

Best way to find out is to give them a call

Daily GBP/JPY analysis

Commodity Channel Index

Daily GBP/JPY analysis

Interesting, but what does that mean ?

Daily GBP/JPY analysis

I'm on the same page, Wallboroff. Although I see it going a bit higher than you to about 1.9460/80 before reversing to 1.9100's (wave 5). It's interesting to see Itme's prediction as well. Regards

Low Risk, High Reward Trading Experiment

I couldn't said it better. Here is the Probability Ruin Matrix. It shows the chances of ruin your account based on R/R and your win to loss ratio. The matrix says it all, see it for yourself :

The 2/1 risk/reward MYTH...

(UK) BOE's Blanchflower: CPI data surprised some people; CPI will move back torwards its target quickly. It is wrong to say that the labor market it tightening.

Daily Cable Analysis

It still trading within the channel on 1H. The move upwards is on light volume as per tick data on InterbankFX ( the biggest volume was on down bar ). That makes me think the move might be based on stops been triggered.

Cable Update (GBPUSD)