What I think is each to their own. Everyone has their own system, usually one they are quite wedded to. Hedging can be helpful for capital protection but it doesn't always produce much yield (profit) which is what we all want from this market. ...

Cable Update (GBPUSD)

Bec we spend thousands of hours learning how to "read" the market, trialing TA systems that work for us, researching fundies, gaining experience in how this market behaves and learning the hard way not to engage in guesswork but to wait for as much ...

Cable Update (GBPUSD)

GJ - now here's an interesting TA conundrum. Daily chart is loaded with wicks (indicating south) but weekly chart has 2 inverted hammers, one bear, one bull. If those hammers were in reverse order (one bull, one bear), they would be classic tweezers ...

Cable Update (GBPUSD)

Difficult to plan for the coming week given Iran-Israel issues and Passover this Sunday (given Netanyahu reckons no action until Passover is done, but then Passover strictly speaking runs for a whole week). But either support will hold on 50.0 fib ...

Cable Update (GBPUSD)

This is why you should never ignore a collection of ma compressions, cable paid the price. It's always in the TA first (well nearly always).

Cable Update (GBPUSD)

Watch for market loading up AUD and NZD. Short activity on the EURAUD and EURNZD crosses.

Cable Update (GBPUSD)

BRACE BRACE BRACE ........ resistance

Cable Update (GBPUSD)

This is interesting. EU finding support on the cross via ma's compression. 4H chart. Do so like a good ma squeeze to make something pop.

Cable Update (GBPUSD)

Fontu, there are too many freaking arrows on that 1H chart, can't even see the candles. Can we just do a hammer or a rocket pls?

Cable Update (GBPUSD)

Think we are about to see cable go into one of its bipolar phases, doing things that are completely illogical, especially compared to EU. There is no explanation for it. It just surfaces from time to time.

Cable Update (GBPUSD)

Looking for this retrace to hit the 61.8 fib. Seems unlikely (bit still possible) that cable would choke on the 50.0 fib. Wouldn't rule anything in or out today. US traders on deck another 20 mins. They do so like to be in control of the PA. ...

Cable Update (GBPUSD)

Agree. Very likely to be in risk off mode tomorrow and some heightened volatility. However, expecting things will have settled by TAT (Turn Around Tuesday) and I'll be watching the NZDUSD canary in the mine like a hawk to see if support holds once ...

Cable Update (GBPUSD)

And keeping an eye on this to see where cable's fate lays today.

Cable Update (GBPUSD)

LIBOR just happened 11.00am London time. We'll see what comes next.

Cable Update (GBPUSD)