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Cable Update (GBPUSD)

DXY. Some possible resistance but honestly not convinced it isn't heading up to my 76.4 fib ( and yes I know 76.4 isn't the correct fib number, usually 78.6 but 76.4 has symmetry and just works in this particular market). Waiting for price to test ...

Cable Update (GBPUSD)

Bit of a train wreck atm huh? Someone should tell Powell his services are no longer needed. Elon is busy sending NAS to the moon in a Space X vehicle and the USD along with it. We all know that Elon and Donald's love affair honeymoon will end in ...

Cable Update (GBPUSD)

Can't get this one out of my head lately (it repeats multiple times), reminds me of market for some reason video

Cable Update (GBPUSD)

What a roller coaster week for all the majors last week. Let's see if things calm down this week. Expecting north traffic on the majors inc cable, keeps bouncing off that red 200 sma weekly chart (except maybe EURUSD given Germany's domestic ...

Cable Update (GBPUSD)

Already in several position trades AUD related, have been for the last week. RBA are in something of a bind huh? Labor govt on the nose with voters, excessive immigration, cost of living pressures, mortgage stress everywhere. Dodgers did amazing, ...

Cable Update (GBPUSD)

I hear ya! I used to run 25-30 trades at a time some moons ago. Too much, you have to be like a concert pianist to stay on top of it all. Keep it under 12-15 these days, mix of currencies, indices and commodities. And sometimes just flat, ...

Cable Update (GBPUSD)

Given relative stability of the PA so far (notwithstanding the gaps up on majors), starting to wonder if the currencies are far more concerned with the NFP data from Friday, given the Fed's hands are now likely tied. Sometimes it takes a day or two ...

Cable Update (GBPUSD)

As long as it ain't this

Cable Update (GBPUSD)

LOL going to be a fun week. No more baseball now until next year

Cable Update (GBPUSD)

Mea cupla, you are correct. Red is 200 sma, not 200 ema. Purple is the 200 ema. It's late here, I'm tired. Trying to stay awake for NFP. Remind me to move to some other more trading friendly time zone ok?

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Daily chart, touched the 200 sma (purple), hasn't yet hit the 200 ema (red). Inclined towards higher time frames ruling the day, i.e. weekly.

Cable Update (GBPUSD)

Weekly, says so on the chart top left corner

Cable Update (GBPUSD)

This is interesting 200 ema red, cable touched it and bounced up. Previous touches resistance. 200 ema - gorilla or trampoline.

Cable Update (GBPUSD)

Do wonder if the PCE numbers from yesterday will overshadow whatever NFP prints today. Dilemma for the Fed and what to do with the dollar. Big sell off in equities too yesterday but end of month capital inflows today (dead cat bounce?). Going to be ...

Cable Update (GBPUSD)

Bears approaching on EURGBP monthly chart (good for cable when it kicks in) Swissy messing with the PA atm

Cable Update (GBPUSD)

Wow hostility galore from you, none from me. You take offense when none was intended. We can agree to disagree but if you have a contrary point of view, be my guest to post your world view of the market structure and ...

Cable Update (GBPUSD)

The reference to newbies was not intended for you. I can see that you have some experience under your belt. We all have different perspectives on what drives the market. For me, it's LIQUIDITY #1 closely followed by TA #2. Others get their groove on ...

Cable Update (GBPUSD)