No- it means the Fed have more room for asset purchases/QE. It is dollar bearish DXY having trouble breaking through 9.25/3 though

Cable Update (GBPUSD)

Continuing to hold short but I'm sceptical, I think low inflation and a pop up on cable may be on the cards. Euro just setting up for a pop up, and everyone is expecting a drop on these two pairs. Hope im wrong. Tough couple of days on this pair

Cable Update (GBPUSD)

1.2129/31 have been the sources of big moves down a few times over the past weeks. Not saying it will happen again - anything can happen. Obviously i'm hoping it will happen again However, potential for a double bottom/W to form on support- ...

EURUSD only

US Treasuries been selling off over the last hour. Hopefully a good sign for Euro bears. Its popped off the wedge now i'm locked in at BE at support

EURUSD only

Inflation data at 1.30pm. Comes in high, in theory cable goes down for its correction, low it breaks up. In theory. Fib levels posted by Gatenio are perfect- continuing to hold short from 1.3850 will lock in for the news Yields starting to pop

Cable Update (GBPUSD)

Bears are here. I'm focussed on another pair but R1 and the break and retest of the wedge were valid shorts, looking for the pivot. I would not long a rising wedge on the breakout up. Sorry its after the fact, not much use. Feeling is we'll be ...

EURUSD only

Stop to BE. Will observe PA when deciding when to TP. Now lets have a huge inflation surprise in the US please. 1% on the month. Powell on TV crying

Cable Update (GBPUSD)

Stopped out on cable overnight at breakeven. Honestly not a great week so far- in profit but not alot. Following a couple of great weeks profit wise. I shorted cable at 1.38503 as its a round number, fib extension level and DXY at support. So I ...

EUR/USD 15m trendline breakout

Short at 1.38503, round number/fib ext level. TP open. DXY at important support levels. I will lock this in at BE as soon as possible. No haters!

Cable Update (GBPUSD)

Anyone get in at this level? Looks like it will work out. Strongly advise to set the stop to BE and dont be greedy! Note there is an upper TL on h4 which is a bit ambiguous but it appears to have broken out long meaning shorts should be quick scalps ...

EURUSD only

Looks like 1.2029/31 is a level where price has catapulted off of before, 90.35/40 is marked as demand on dxy on my chart too. Hints towards short from here but I'm not confident enough to take a position yet.. see how it develops. CPI data today ...

EURUSD only

I havent taken a trade on Eur since LO, haven't liked the look of it, no point hunting for a trade. On one hand it looks like a little bull flag on M5 but then we have a gap on DXY and it's showing signs of popping up any time (at the bottom of an ...

EURUSD only

out BE, not loving this now Re-shorted at 1.3785, locked in at BE.. a bit of impatience, i'm not proud

Cable Update (GBPUSD)

I notice US 10y treasury yields hit psych level 1.20 before sharply dropping, hence the steep dollar fall. Its now at another round number 1.15. IF its going to complete an ABCD then yields still have higher to go. The last DXY 4h candle wicked ...

EURUSD only

On my chart, the 4h candle on DXY wicked outside of an ascending channel but closed inside, if its going up it has to be soon. Much further down could mean a breakout which means more upside for cable. Cable tested the edge of a wedge a couple of ...

Cable Update (GBPUSD)

Reshort cable same reasons 1.3780 Grabbed 15 pips short on EU at LO. I wanted to go long where I indicated but missed the launchpad- entry was supply/wedge top, W pattern retrace. The W pattern launched at 0.382 of the asia move and a TL confluence- ...

EUR/USD 15m trendline breakout

Whats your positioning?

Cable Update (GBPUSD)

Sorry whats the asset and TF? EDIT- got it it looks like DXY on a higher TF, yeah good observation, I mean a small pull back not a large swing pull back

EURUSD only

Yes, if it gets there that would be a great trade- a steep uninterrupted drop and at minimum a scalp from the pivot is always a good trade The danger is 1.3735-45 holds and we blast off from there

Cable Update (GBPUSD)

Yeah I am hoping for a decent drop here.. 1.3750 minimum maybe more? I always have ambitious targets but end up TPing way before Pivot at 1.3725 which is also 0.618 retrace between recent swing low and high would be great..?? Would advise locking it ...

Cable Update (GBPUSD)