Not always. There is cost push inflation too, which arguably might be the bigger risk with the commodity boom we've seen. Also consider why inflation hasn't been seen in the States despite the unprecedented rise in the money supply. Probably because ...

Cable Update (GBPUSD)

What you thinking. Potential Dow sell off and Cable sell off? I guess wait for the confirmation. It likes to wait around at these major turning points over the weekend

Cable Update (GBPUSD)

Just messing bud I see a sell at this level 1.382x, 1h supply zone, top of a 1h channel, some divergence showing. Because I made a good profit overnight I decided to stay out the market cause it's a Friday. Missed the buy on ADR. We're at the top of ...

Cable Update (GBPUSD)

Just a note on ADR reversals. A very common pattern is for GU to hit ADR, or a level around it, then do a substantial retrace or reversal. It's not in my trading plan but is very tradable, i've taken it a number of times. So this weekend I'll figure ...

Cable Supply & Demand Intraday

Yea how this daily closes will decide next week A bullish picture as things stand, a quick spike below the previous days lows then straight up is telling You know what they usually do is park it directly on the upper TL to keep us guessing over the ...

Cable Update (GBPUSD)

3.6 pips out Need to work on my accuracy next week Enjoy the down move

Cable Update (GBPUSD)

1.3790-95 can show some reaction down Not trading it though, done for day. Friday is the day to take your profit and run Edit- apparently not. Ignore my trashposting

Cable Update (GBPUSD)

Lol, welcome Chris Green pips to us all And yea, go for it. Maybe just the kind of learner I am but I get a lot out of just writing my thoughts down, writing on charts. It's a purely personal exercise. If people want to chime in then great I love ...

Cable Supply & Demand Intraday

Just downloaded this audiobook. Still in lockdown here so do a lot of walking, audio books are perfect for that. This is one I'd had on my list for a while. Tbh, being thoroughly immersed in this stuff anyway, I have a pretty good idea of what he's ...

Cable Supply & Demand Intraday

Closed for +69, just shy of 10xR Will likely leave it there for the weekend but keep an eye out Note that short was essentially a 1h wedge breakout, combined with S&D, so had a lot of confidence inputing shorts only yesterday at 3 separate points ...

Cable Supply & Demand Intraday

Just closed, 10xR

Cable Update (GBPUSD)

Short way is the best way. These are some reluctant bulls, don't believe them for a minute.

Cable Update (GBPUSD)

Great-next time you're over be sure to DM me can grab a pint and catch up on markets

Cable Supply & Demand Intraday

DXY will continue bullish, or GU ? I said before, I believe this demand level will hold on dxy. As bones stated, the divergence and pinbars on this level gave me the confidence to short 1.38 area.

Cable Update (GBPUSD)

Not a tonne going on today. I am running in profit with my last trade, 17 pips so far. I will let it run. Overall comment on today. My eye was guided to the TL retest on the 1h chart, which was a kind of wedge retest. Along with the major supply ...

Cable Supply & Demand Intraday

fingers crossed we can break out of the range south now, I think it's happening for us!

Cable Update (GBPUSD)

We're on the same side, no? Both shorting around 1.38?

Cable Update (GBPUSD)

Dollar should find support here.

Cable Update (GBPUSD)

Now with US treasury yields finding support in demand at 159bps, it should lift DXY a bit. I'm tempted to short cable at the top of this channel on R1. EDIT- shorted at 1.3803. SL 7 pips., TP open

Cable Supply & Demand Intraday