This 4 hour is about to close, I'd appreciate a nice bearish candle maybe even a break below 1.3880

Cable Update (GBPUSD)

Yep, not picking sides for now, could go either way at this point.

Cable Update (GBPUSD)

Finally-looking good for a pullback to 1.3870 or maybe even the pivot with any luck.

Cable Update (GBPUSD)

Should drop a bit from here.. standing by R2 being the cap for this morning (not saying short now, lets see) This is getting really boring though- leaving it for today. Presidents day, not going to get any better. GU might have found its equilibrium ...

Cable Update (GBPUSD)

Depends how you define over/undervalued, purchasing power parity puts cable around 1.50 I think url

Cable Update (GBPUSD)

Some movement in this mini wedge before a pullback. R2 might be the cap for the time being. IMO Gilts continuing to dump. If cable does pull back it won't be long before we push up to 1.3950/75/1.40, I think.

Cable Update (GBPUSD)

Potential targets LOL ok then. Out BE. Re-shorted the spike 13906, stop to BE already Aand out BE. Forget it Won't be shorting for a while- thought we might get a bit better of a drop

Cable Update (GBPUSD)

Short GU, top of a wedge and round number, TP open

EUR/USD 15m trendline breakout

image Shorted 1.38976 when I woke up, for the above reason and its also round number. TP open. Will lock in stop at BE soon

Cable Update (GBPUSD)

Spent a bit of time cleaning up the charts but I think I made them messier.

EUR/USD 15m trendline breakout

Just thinking about this from a fundamental perspective. Gilts have been dumping from July, around the time this Cable bull market started. Yields currently around 0.5% for the ten year, BoE I think won't intervene until it's at 1% when it will ...

Cable Update (GBPUSD)

If I can get 2xR per day i'm happy, so usually around 20 pips for me. Sometimes I'll stop after 1-1.5xR. Typically might risk 2-2.5% per trade which might be on the high side for some people but fine for me. I did have an exceptional day on Friday ...

EURUSD only

I see gilts have been dumping since August pushing up yields and cable along with it, however we're currently testing an important level on the monthly. A bounce here would give cable bears some hope, and if it breaks they're in big trouble. Two ...

Cable Update (GBPUSD)

Absolutely. I've seen my results increase dramatically by accepting conservative profits every day and avoiding overtrading. It's the only way to get out of the boom and bust cycle. The bad decision making that comes from overconfidence after a ...

EURUSD only

Just a quick update. Ended up taking 55 pips on the down move and going long for 30 pips after a breakout and retest of a wedge.

EUR/USD 15m trendline breakout

Do whatever makes you money man; I caught plenty of pips from catching the high. I rely on FX to pay the bills at the moment- if you want to wait and buy the dips that's totally fine too. We all have different goals and methodologies. There was no ...

Cable Update (GBPUSD)

YES. Fly my pretty. Someone saw the bat signal. Bloody options expiry!

Cable Update (GBPUSD)

Bearish bat time? Hopefully at least get out of this short at BE.

Cable Update (GBPUSD)

Any opinions on whether the correction is over and uptrend resumed or this move is just to shake out the weak bear hands? Signs in the bond market that the dollar can go higher but I'm not sure. 1.3775 was not where I expected the turnaround

Cable Update (GBPUSD)

Bear flag retest on DXY.

Cable Update (GBPUSD)