I wonder whether the institutions might make a run for the daily R1 which coincides with the 1.14000 and the daily 800SMA before either consolidating for the week or retracing?

Cable shot up 45 pips in 10 minutes and is now paused at the daily R1. Why anyone?

USD is strong against Yen and Euro so expect further downside on the GBP myself?

Yes!

No news to talk of? 90 pip drop in one minute! It has bounced back 50% but still quite a move.

Sure. I know that several countries are currently looking to ban BO trading. Canada for one and the UK is definitely considering it. The difficulty is that being online, it is difficult to police. Historically scam brokers have tried to gain ...

One scam broker i can add (i checked a few pages and didn't see any prior mention) is Porter Finance, Binary Options. Here the scam is quite simple they let you invest but refuse to let you have your money back. They offer a managed account service ...

Hi Guys, Just to confirm that I am not trading this strategy any more, not because it is not successful but because i am busy trading other strategies and coaching a number of new traders. Not enough hours in the day sadly. Good Luck.

I have stopped posting here as there is limited interest. Good Luck everyone.

Typical. i was at my desk nice an early today and nothing happens all morning. Then over lunch we get the greece extension announcement. Might go back to bed this afternoon. Update: I have just noticed that there was a long trade on G late this ...

I have just hit TP on Cable. You may not quite as I had a slightly preferential entry. This is the standard trade below: Update: +3% for me today (more was possible).

Just hit TP on euro: +1%

Late to work this morning. I did get this slightly preferential entry on the Euro +1%. But i think a conventional entry would have hit TP by now as well. There were winning trades in the G/U and U/J as well if you were at your desk on time.

Here you go Moti. Ah, sadly it is too big to upload here. Anyway Moti this is only a cosmetic change of background colour to Tan which i'm sure you can do yourself. thanks and have a good W/E too.

Short Cable. Update. Hit SL -1%

Aud Long. Another preferential entry. Hope you like the new colour scheme. Update: SL hit -1%

Was expecting this cable flag to offer a long trade? Might still we will see.

SL hit on Yen -1% (should have got out sooner as nothing was happening....again)

Long on Euro. +0.5% Because I was late I got a much better entry position. I have therefore only removed 50% of my trade at TP and let the rest run (not looking like a great idea right now).