Well anyway those already holding to their shorts should allow the price to complete 1 more swing to confirm exhaustion on the hourly...at least yeah.

Cable Update (GBPUSD)

well the trend for the past 8hr has been quite clear, and if ur really tuned in...you likely finding yourself in a position of getting a bargain offer here. Thats if you're tanking on the day's trend, short is the most sensible thing to do, unless ...

Cable Update (GBPUSD)

WTB, It does indicate that we are likely to see a tighening range eh...less a breakout in either direction can be a very profitable consideration. Looking at tonight's PA on dollar index could give us a clue on where cable is likely headed.

Cable Update (GBPUSD)

Well im very sure he did flash a device on the screen but that was sometime ago maybe its all different now. Anyway, price data from bloomberg has to be top notch, you guys are trading on an A-Star platform. Man...

Cable Update (GBPUSD)

i dont think you need a bloomberg terminal to access bloomberg, as a user you are supplied with a key, (correct me pls), well thats what my friend did. He entered some login details and was requested to scan the key on the monitor, weird So you guys ...

Cable Update (GBPUSD)

so u guys are using the service? Or only the news on TV? If its the service, then i must be talking to the big chaps of the markets here...i'd like some whitelabeling on brokers too if any. hehe

Cable Update (GBPUSD)

care to share the costs of setting up bloomberg terminals? I have a friend who trades for an institution, he's running bloomberg, he told me its over 2k maintenance permth? But he's running a gazillion worth of data.

Cable Update (GBPUSD)

if anyone feels that they have reached an area where they find value...one should start practising throwing in some small lots to 'test' the validity of the support levels. on a seperate note, we keep talking abt the dollar holocaust and such but ...

Cable Update (GBPUSD)

Lets bring in the USDX into the discussion here — Well near term we could see that coming, anyone else expecting the range to get smaller? I have noticed that cable has been very vulnerable to selling as well, it could be due to the credit ...

Cable Update (GBPUSD)

The Dollar Index... continued — I'm not trying to play against the trend but as we look further into the Index, the weekly and the daily is suggesting that we are likely to see a bottoming formation in the near term. The momentum in weekly ...

Alternative Trend Following- A Journal

Hi Banzai, the PA on the charts are too noisy, can i suggest u lower the timeframe? it should show better. Some good trades turn bad because the timeframe is too long for them to stay green. Entries might seem lagged too. Bwlow i have a ttached a ...

Support and Resistance

I think this is as easy at it gets. I'm expecting to see this in a string of journals... SHORT GBPUSD @ 2.0205

Alternative Trend Following- A Journal

Looking at the PA on Dollar index, we are likely to see a correction in the current down trend, GU will be a likely candidate for strong shorts due to adverse currency weakness. I am not particularly impressed with Cable's movement these past weeks, ...

Cable Update (GBPUSD)

Mike, Thanks for the heads up. Since its coming from you, i'll make arrangements. Funny i have never bothered to look at Pring's work even though they are readily available at the store. Now, i guess i have to start looking closer then. Thanks! jest

Support and Resistance

a 500 dollars account would likely be a micro account unless he's on heavy leverage...saskgui, that should be a good place to start. You'll double it in no time and then bust it in a few seconds, these things happen. The sooner you bust it the ...

When starting out live, smaller or larger better?

Hi Mike, Just wondering, is it better than bulkowski's encyclopedia of chart patterns? Are there any similarities? I'm just asking since i have already owned a book of similar nature. BUt i'd gladly buy Pring's if it offers a different set of ...

Support and Resistance

1hr Double Top — First key sig in the hourly...

EURUSD

I remembered in the late 90s he had a verbal brawl with Dr M. And in an interview he admitted to losing alot of monies shorting the rupiahs too, that interview he was discussing abt how he is not right abt the market all e time. It was years ago, i ...

George Soros is not a trend follower

well trading is the best form of busiiness there is...you can trade wherever you are. I trade when i travel too, no limits.

Cable Update (GBPUSD)

USDX - TA — Are we looking at a possible reversal/corrective formation? Attached Dollar Index, located an inside bar formed up...

Alternative Trend Following- A Journal