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Agree.

Looks like GBPUSD is gonna hit some reisitance at 1.6450-55, which is around the 61.8% on the hourlies of the recent high back on 6/29. If it takes that out, next level could be 1.6546 which would be 76.4 level.

There are those here who believe that trading spot is not real trading and you can't make decent money with it like their futures counterparts. Comments like that are more geared toward generating a debate. edit: and before I could finish my post, he proves me right.

One guy trades in hours and one guy quotes in years - 2 different animals

Uh...everyone. Your risk/reward ratio is skewed, especially since you are not scalping as cabletrader referenced. You are setting your TP and SL at time of trade which can be dangerous. Look at it this way, would you risk a $4 dollar bet to make $1 when the odds are not 1:4 in your favor...

As you can see from today's price action, those rounded resistance targets were taken out and rather significantly. As I said, they were trader traps, and if you took shorts based on those numbers, you got stopped. To determine resistance points, it is better to use your charts (particularly...

It's been that way for 3 months now contrary to what their press release says.

BTW, you set a profit target of 10 pips but a stop of 40? Did I read that right?

Something like that. But I tend to track the S&P and crude to evaluate trades.

only scalping (short term trading) at present, but bias is long dollar

stop in place or leaving it open?

Agree, that's why I call them a trader trap. BTW, see the loonie today? Finally broke out of it's range.

Yes, the numbers held, but what was your basis for making these calls? Was it simply that they were nice round numbers? Did you see some resistance on the charts? A poster on another forum makes the claim that round numbers are great points for entry/exits because it becomes a visual draw for...

it's been like that for better part of a year now. Especially the commodity currencies. Which is interesting, like Ivan says, because aussie, kiwi and loonie tend to track the ES, but crude usually leads the pack, and crude was down most of today.

It's all Bush's fault. Obama "inherited" this deficit. :D

none.

because it's not shortable. you should know this.

House Dems seek new tax on wealthy to pay for health care Posted: 06:30 PM ET From Deirdre Walsh WASHINGTON (CNN) — Democrats on the House Ways and Means Committee on Friday proposed a graduated tax on wealthy Americans to pay for health care reform, several Democratic sources told CNN...

It depends on which broker you do your fx trading with. I use IB.

Ivan who you trading with now? You used to be a big proponent of Oanda until a few months ago and left them disgusted. Are you trading solely ECN now?