I took my profits from my buy position yesterday morning due to the high UK inflation data. As i expected, it never moved upside after i left. USD and GBP seems no different than each other. So it's normal for it to fall. Next important thing to ...

Cable Update (GBPUSD)

I only trade 6 pairs and they are : EUR/USD, EURGBP, EURJPY, GBPJPY, GBPUSD and USDJPY . The reason why i only trade these pairs is they are less risky and much more simple to predict compared to CHF, AUD, CAD and NZD. These four currencies are ...

What FX market do you prefer to trade now-a-days?

UK Inflation rates came no different than the consensus. It wasn't lower as i wanted to be. I took my profits. 170+ pips. Not bad

Cable Update (GBPUSD)

Exactly mate. Let's see what Wednesday's UK Core CPI brings. If it comes low, then i will stay long for another month. Never limit your profits. I AM NOT LEAVING

Cable Update (GBPUSD)

If that's right, -although i highly suspect it- then whatever floats your boat mate. Good luck

Cable Update (GBPUSD)

Disagreed, there's no positive news about US Dollar's value. Even Jerome Powell, Chair of the FED, accepts this fact and says that they will continue these dovish policies. If you mean US Stock Market, yes US Stocks will be bullish, but US Dollar is ...

Cable Update (GBPUSD)

Fundamental reasons my friend. This move is actually late. We should have seen it 1-2 weeks ago. But AstraZeneca news weakened GBP in 6th of April. Which delayed this move. Otherwise it was going up since 25th of March.

Cable Update (GBPUSD)

You can't ride both. Narrow pip ranges are impossible to predict. You can only predict a direction, but you can't trade a narrow range. It will eventually lead to a disaster. Because i have been there & done that for 2 years and saw how it failed. ...

Cable Update (GBPUSD)

I feel sorry for the sellers, my guy doesn't even pullback

Cable Update (GBPUSD)

God I love Mondays! Bullish all the way! I am not leaving yet

EURUSD only

Haha, what a great day! Love Mondays!

Cable Update (GBPUSD)

Man i live in Turkey and you can tell that inflation, growth rates and interest rates are something you have to calculate as a citizen, let alone Forex This crisis has taught me a ton of lessons at a very young age Back to the topic, i ...

Cable Update (GBPUSD)

Whatever floats your boat. If you have high success rates, don't change it. But can you believe the guys in JPMorgan open positions depending on SMAs, Fibonaccis, Trend Lines or s/r? I am sure their boss would kill them if they were to isolate from ...

Cable Update (GBPUSD)

Your perspective is interesting. Trading is about ideas. Even though i don't agree with you, it's always nice to know other logical ideas backed with statistics. It was a nice conversation and i will keep these things in mind and watch. If UK Core ...

Cable Update (GBPUSD)

That situation with CBOE 10Y Yield chart is nothing special to US. UK 10Y Yield chart is pretty much the same too. So that's why we didn't see any change in FX market. A country's currency and yield rates are always moving together. Correlation ...

Cable Update (GBPUSD)

Of course inflation is not the only factor that affects the currency. Just like you said even though cpi was up, interest rates were even higher which erased the negative affects of the cpi. There's three main factors that i look at while trading a ...

Cable Update (GBPUSD)

For avoiding (not totally, but substantially) cost-push inflation, you can use GDP Deflator or Core Inflation Rate instead of CPI. So you can see a purer inflation rate. Well money supply was not a problem until late March. Because like you said ...

Cable Update (GBPUSD)

I do. I don't trade based on that but i use it to compare my ideas with the professionals. I actually see something else. Looking at the "open interest" can be tricky. It's the total position sizes from the traders and it can be manipulated by a ...

EURUSD only

Exactly. Just like supply and demand, support and resistance is also very subjective and it has a low succes rate. I tried it too during this journey. It's overrated.

In One Sentence - How Do You Trade?