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Cable is consolidating in a decending triangle formation (signalling a continuation) after yesterdays little move up. It looks as tho the cable is not finished yet even at these levels. It has been contained at the 2.0330-40 cluster resistance and if it breaks through as expected then the next target is around the 2.0600 area.

My strategy for today is:-

Read the full post of PeterB’s daily view on cable. 12th July 07

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Hello Forex Fans!

First off, scrap the EU straddle. It ended up consolidating all day.

Read the full post of Humpty Dumpty’s Corner - USD/JPY Strategy

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Hello Forex Fans,

Im noticing a double top on EU.  My charts say one way, but my gut tells me another, so Im gonna straddle this puppy.

The 100 fib line is right around 1.3785.  Im going to put in a buy limit order to fill me at 10 pips above that number.

Read the full post of Humpty Dumpty’s Corner - EUR/USD Straddle July 11th

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This is one source I’d like to recommend for your daily forex reads. It has more than 20 articles daily, from fundamental to technical analysis by their experts.

Daily FX RSS Feeds

Take it with a pinch of salt and do not base on their judgment for any entries to open positions, but treat the information as a good point of diligence so you won’t miss anything that’s coming out on a daily basis.

Read the full post of Forex RSS Recommendation - DailyFX

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The pound is at it’s highest level since 1981, it looks set to continue higher but with a possible resistance comming up at 2.0330, I’m reluctant to take a position at these levels,

Today it might consolidate a little. My strategy, stay sidelined and wait for clear direction.

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Hello Forex Fans,

Late in the US session today, we saw unusual moves in about every currency pair. This I believe was brought on by the news of the sub-prime mortgages.

News from Bloomberg

I also believe this is one of the driving pins that will drive the dollar lower then its previous low from last year.

Read the full post of Humpty Dumpty’s Corner - Carry Trades

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Hello Forex Fans,
I woke up this afternoon to a very big surprise. Overnight, the EUR/USD reached my 161 fib line. This pair seldom ever climbs like this in this short of time period. It has hit the fib and is bounching back. If the present is any evidence of past, the EUR/USD will head down now. This call may take a few days, but I think its worth getting in on.

Read the full post of Humpty Dumpty’s Corner - The EUR/USD surprise. July 10th

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Personally I’d be avoiding trading when any of the important people speaks. A tip before opening and closing any trades, check out the economic calendar on Forexfactory.

Close or at least place your stop loss (SL) level before news releases like these (Especially speeches since you will have nothing to gauge upon, not even indicators, but just interpretation of what he says)

Read the full post of Fundamental Trading - US Fed Speaks

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The cable is retracing a little as I write this, it is still bullish in spite of the retrace, it could go to 2.0100 today before continuing up, I will wait for more information.

A possible entry is at or near the 2.0100 - 2-0130 (long)

target 2.0200 (plus 70 - 100 pips)

stop 2.0080

Read the full post of PeterB’s daily view on cable 10th July 07

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Hello Forex Fans!

Read the full post of Humpty Dumpty’s Corner - Signals for NZD/USD on 10th July

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