Finally it drops, was holding 5-10 pips drawdown most of the morning Just looking at the channel on dxy and fib retrace levels along with the new demand areas on GU for the move back up Around 1.3906 a 50pc retrace of the last leg up ...

Cable Update (GBPUSD)

Happy with this prediction so far.. shame I didn't trade it

EURUSD only

Looks like an M/double top to me, then it just needs to take out that little 5m demand area below it. Break above the upper TL invalidates

Cable Update (GBPUSD)

And there it goes.. that last up movement was just like pushing on a spring and then releasing it

Cable Update (GBPUSD)

Dollar reached the other end of a parallel channel, expect GU is free to drop now. Surprised 1.3950 is so resilient. I'm targeting the pivot just above 1.39, or maybe the 0.5 fib of the last major swing high/low 1.3903. GJ fell off a cliff but ...

Cable Update (GBPUSD)

Very weak dollar this morning. Noticed treasuries are being snapped up, yields falling off a cliff currently. Just dropped below 150bps. GU is resisting the pressure though so when dollar pulls back it looks like GU might drop.

Cable Update (GBPUSD)

Shorted 1.3950 round number. Using the wedge on dollar as my guide. There is a bit of a fakeout on dxy towards the 0.618 fib ext of the uptrend, but GU continuing to move down. Good sign, means the GU sellers are strong and just need to wait for the ...

EUR/USD 15m trendline breakout

I see it- are you using MACD divergence? I used to like this tool but when cable went on that bullish run up to 1.42 it was basically useless. Still trying to decide if it has use, like anything in this you probably have to use it in combination ...

Cable Update (GBPUSD)

Seeing this wedge/ending diagonal on dxy Suggests to me either the top of this channel or the supply overhead around 1.40xx will be the high before back down

EUR/USD 15m trendline breakout

Sold 1.3942, currently locked in at BE TP open Thinking the 0.5 fibo of the last major swing high/low on dxy might give a bit of retrace Edit- out BE already, i guess not

Cable Update (GBPUSD)

This isn't big or clever but I reshorted at 1.3942, I saw EU was in trendline retest mode so the correlation should drag it down. Its jumped 5 pips in my favour so i'm locked in BE Out BE I need to slow down This tendency to not think ...

EUR/USD 15m trendline breakout

Short here 1.3932 dxy reacted off the 0.5fib from the nov-jan swing high/low Edit-jumped the gun unfortunately, currently in 5 pips drawdown. EU is in the same wed breakout pattern and just retesting the edge so i think it will come good Or not... ...

EUR/USD 15m trendline breakout

Aggressive re-entry

EUR/USD 15m trendline breakout

Bloomberg saying the auction went pretty much as expected. Yields spiked a little bit but nothing crazy. Looks like the dollar is continuing down. Supposedly there's demand so that brokers can lend them out for shorting Long order ...

Cable Update (GBPUSD)

Cable? Are you kidding me? This thing is a goldmine I'm loving it I mean for intraday scalping I find it very predictable- I couldn't tell you where it's going tomorrow, next week etc.

Cable Update (GBPUSD)

Am currently in long pre-treasury auction on GU at 1.3894 Closed for +25 Turned into a pretty decent day all told, it just could have been better- maybe I am too hard on myself

EUR/USD 15m trendline breakout

I'm with you I dunno how these auctions work, if any info is leaked before 6pm but the market is starting to price in an outcome

Cable Update (GBPUSD)

It is basically dependent on this auction at 6pm. I see the market is edging yields lower so maybe that indicates they collectively expect no surprises because of the benign inflation data. If it goes smoothly then I guess dollar continues its ...

Cable Update (GBPUSD)

Looks like the 4h closed juuust outside the channel on dollar index. It's too close to call but if that holds then dollar continues its downtrend, cable should break the last high pretty soon and the path is open to 1.40. Feel better about my long. ...

Cable Update (GBPUSD)

15 mins decides it

Cable Update (GBPUSD)