OK thanks for clearing that up. I am pretty patient nowadays but I find myself missing the real moves because I'm expecting something else to happen! My bias was long here because oil and stocks were holding up so well. When price failed to break ...

Cable Update (GBPUSD)

Lot to learn but I'll get there. Thanks for those very helpful pointers.

Cable Update (GBPUSD)

I was watching the range you described cloggie, just not clear how I should have played it. Should I have seen the failure to push through the top of the range and sold on weakness around the weekly pivot and down through the daily pivot to the ...

Cable Update (GBPUSD)

Well Mr noob here completely missed that 60 pip fall. Did anyone sell the break of the DP? Was there a good short opportunity I missed? I see stocks and oil are still holding up so perhaps there's no case for shorts yet? Mind you, dollar index and ...

Cable Update (GBPUSD)

Brilliant, thanks.

Cable Update (GBPUSD)

Excuse the noob ramblings but my understanding is that the yen carry trade feeds on: 1. Very low borrowing rates for Yen 2. A source of secure higher returns like T-Bonds 3. A rising dollar At the moment we have only item 1 in our favour. Am I ...

Cable Update (GBPUSD)

Thank you. I've learnt so much from reading your posts too...they're pure gold.

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Would appreciate your opinions on UJ cloggie. Just trying to learn. Apologise if my questions seem stupid.

Cable Update (GBPUSD)

Quick question if I may Cloggie...... Does the behaviour of UJ tell us anything useful these days? I guess it used to be a good gauge of the Yen carry trade - borrowing yen at low rates then selling yen to buy dollars to invest in higher yielding ...

Cable Update (GBPUSD)

Thanks. I spent a long time on indicators and only in the last year have I started to actually watch the price properly. Doh! All those wasted years!

Cable Update (GBPUSD)

Dollar index had a nice bullish bounce off that demand level. Could be bouncing back down now off another key level.

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I was watching that one but it didn't complete unfortunately. London open took over!

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Thanks Fudomyo, just interested.

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To refine his entry on a setup from a higher TF I should think.

Cable Update (GBPUSD)

Do the coloured dots represent fractals from different T/Fs Java? Thanks

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That dollar index demand level is capping things for now.

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Oil's punched through the resistance and heading for cloggie's 76 key level

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Does anyone else think that 1H dollar index demand level looks scary for a GU long play?

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Thanks, I've got todays range top as 1.54608 so I'll see if we get a bounce off that. Hopefully by then oil and stocks will be broken through the resistance levels.

Cable Update (GBPUSD)

Do you find that entry off the break out and retest of the LO range is a good strategy Cloggie?

Cable Update (GBPUSD)