Long again at 1.3817, W pattern/wedge accumulation out BE

EUR/USD 15m trendline breakout

Also thinking of buying a little lower. I want dxy to hit 92.35 which is 0.618 retrace of the last major daily swing high/low and the top of a channel on the shorter TF. GU demand area around 1.38 too Started putting buys in around here 1.3817, TP ...

Cable Update (GBPUSD)

Took a buy here. Will exit quickly if it falls back into the channel. W/double bottom/channel breakout OUCH -15. Oh well- i should have dropped that one a lot quicker. Decided to buy again from 1.3818, stop to BE asap. 0.618 of the W Out at BE I ...

EUR/USD 15m trendline breakout

I want to buy that W/double bottom on the 5m. It's just too close to the pivot to open an order here and I'd expect some retrace after a move like that. That resistance on dxy at 92.18 held

Cable Update (GBPUSD)

No positions yet. Too close to that TL on daily to tell if it's broken or not. Overall looks more bearish than bullish. Thought we might have got a bit higher than 1.3865, the Saudi oil attack might be putting some bearish pressure on.

Cable Update (GBPUSD)

Expecting some bullish movement to 1h supply up at 1.3875-91ish before another decent push down early next week. Although if DXY goes where I think there's a chance it could push up to 1.39-1.3950 DXY down to 91.60ish then 92.82ish. From there we ...

Cable Update (GBPUSD)

Yea sounds right, I don't really follow the oil market but this makes sense Funny, I wrote my undergrad dissertation on how oil prices affect equity markets using vector autoregressions to show the interplay..need to dig that up

Cable Update (GBPUSD)

Just a theory but it comes down to the government fixed income market. People have been selling US treasuries for a while, essentially betting on higher inflation in the States. This is why the dollar has been bullish. US 10 y treasury yields ...

Cable Update (GBPUSD)

Check out my journal, I post all my entries with charts winners and losers. The trades start off pretty crappy in November but they're pretty good now! Happy to answer any Q's It suits me too I like quick trades It's just price action, ...

Cable Update (GBPUSD)

Took the early reentry when i saw dxy falling out at BE Edit again- I ended up re-entering and taking 10 pips when I saw dxy was retesting a wedge

EUR/USD 15m trendline breakout

Now seeing a falling wedge on 5m chart forming on 1h demand and rising wedge on dxy.. Snuck in a long at 1.37981 at the bottom of the wedge, stop to BE already. Treasuries reacted at psych level 1.6 edit- Out +28 Will re-enter if it retests

EUR/USD 15m trendline breakout

Now seeing a falling wedge on 5m chart forming on 1h demand and rising wedge on dxy.. Snuck in a long at 1.37981 at the bottom of the wedge, stop to BE already. Treasuries reacted at psych level 1.6 edit- Out +28 Will re-enter if it retests Re-enter ...

Cable Update (GBPUSD)

No charts for these, tradingview giving me issues. I caught the NFP spike down for 50 pips, then another 40 or so pip down after the retrace- you can see a sort of elongated wedge on thet left of the chart, just shorted the breakout of that in ...

EUR/USD 15m trendline breakout

OK, W pattern/double bottom showing. Switching sides, long at 1.3826, stop to BE. It's real choppy, quick scalp ..out BE. I'm done, this is pointless!

Cable Update (GBPUSD)

Cool, yeah. Expected the down move in the morning and a corrective move at some point. Just can't tell if the corrective move is fully done, continuing to hold short It looks like we're consolidating into a triangle on the 5m hopefully it breaks ...

Cable Update (GBPUSD)

Thing is I think because all of the dollars being printed is just being put into assets at the moment and not into the pockets of people who actually spend on real things, hence no inflation, yet. Just asset price inflation

Cable Update (GBPUSD)

You bet! Powell seems so sanguine about inflation, he kind of mocked a senator for suggesting that expanding money supply might cause problems. He said the old MV=PQ equation didn't hold anymore... problem is the V (velocity) part will come back ...

Cable Update (GBPUSD)

Treasury yields parabolic, this tells you where the dollar is headed Gilts found a ceiling at 80bps... so dollar yields twice as much as sterling

Cable Update (GBPUSD)

Gotcha.. stop to BE I know all your tricks cable.. gonna take a walk, guaranteed i'm stopped out by the time i get back. Expected corrective move in the dollar before back up but it's impossible to tell if that post NFP dump was it. I think the ...

Cable Update (GBPUSD)

Waiting for dxy to hit 91.64ish before shorting, depending on PA. I guess that's around 1.39. I managed to capitalise on the spike down at NFP but didn't think quickly enough to get in long. I note also that EURUSD hit the daily channel bottom/bull ...

Cable Update (GBPUSD)