[milliard]

Originally Posted by Art Krantz »

The range tiers have certainly worked through the rolling year with easy access markers. This next 2nd to 2nd quarter could well require a lower tier insert before too long me thinks.

Oh I don't doubt that Arty, I don't doubt that at all. But, along with one or two others, that pair has got a little crowded & cramped inside current range boundaries. Stops have been tripping over each other left & right.

EURGBP has been the far less stressful option to engage Sterling combat.

"Confucius he say: “if prices resemble avalanche on mountain path, retrace steps & walk smoother road"

Don't ya just love that old fella

[torero]

Ha ha! Funny quote!

I've been dabbing with GBPCHF and seems to move a bit better (smaller timeframes, not sure what frames you guys trade from). Lots of spunk. For last few months, this baby has seen some real action, big drops. That's why I asked about GBP or is it the CHF that's seeing strength?

[Art Krantz]

Yeah, he's so sharp he'll end up slicing a chunk out of himself if he aint careful torero

We don't really have occasion to drill down (observe) into anything smaller than a 240 very often to be honest. The bigger windows tend to offer clearer views of the ball game if you get my drift.

Anna-Maria will have a little game of tag on a sub hourly every so often if a real juicy Grade A opp presents itself, but it's a minority play.

Pound is an easy sell v/s it's close cousins, as you're witnessing via your technical maps. Swiss was an underperformer coming into 08 & is merely playing catch up. The global fall-out isn't doing it any harm, but it has it's own internal fundamentals to address.

It requires (along with all the others) close inspection as it buffers the technical reaction levels, as players will be eyeing the "next tasty treat". EUR is currently whipping it back off it's 3 year range pitch with that big weekly retreat during March.

Just keep noting your strong v/s weak hit list, & position yourself accordingly (if you roll your trades on?). I wouldn't know what advice to offer on an intra-day perspective as we simply don't sing to that tune.

I guess your technical map (levels from the big frames) will tell you which zone of activity is bossing the flows as players lighten up & head to the sidelines for a better guage.

Nothing changes as liquidation goes thru it's motions. The fast money will get checked out & the real flows will pick up the slack.

[torero]

Since I only play the small timeframes the technicals is all I need (except for news time) but am interested in the behind the scene policies that affect these currencies in the higher timeframes. It seems the $ has been pushing off 1.59 three times on 240-min charts. Interesting how well it can fend it off again next week. I'm still leaning on the resistance being broken (ascending triangle forming on 240-min). Thanks all for the insight, nice breath of fresh air to see what the big guys are thinking.

[Bearbull]

folks, have you got any preferences , trading forex or currency futures(regulated on CME), could you recommend any sound brokers.

also do any of you use futuresbetting, understand the company based in Gibraltar, has gone into liquidation.

[torero]

Sorry bearbull, I'm not familiar with spreadbetting and futuresbetting orgs in UK or Gibraltar. All of my accounts are in US as I'm more familiar with their laws and consumer rights. I trade forex, not currency futures, just because there are more pairs to trade from than futures. Brownsfan and a few others do trade currency futures. They trade the most popular and liquid so no sense in trading forex right? I think futures are a bit cheaper on the commission side.

[milliard]

I'm afraid we can't assist either Bearbull, sorry. We don't trade futures.

We execute via Prime Broker streams, so I can't help regards retail outlets either.

I know Anna has come across folks operating through HotspotFXi & London Cap. If you're looking at playing the cash, you might want to give them a holler? She'll be back in the office later, I'll send her in here to confirm.

[Sledge]

Art, Milliard, and Anna-Marie-
Thank you for the commentary, since I tend to trade the GBP/USD these posts confirm my own analysis- thank goodness to be correct along with much more "seasoned" (but not too seasoned) folks!
Sledge