The art of trading this market is to stack the odds in your favour to the maximum extent possible while keeping loses to a minimum (capital protection). Some like to scalp and if that's your thing, then go for it. But the real money is made by ...

Cable Update (GBPUSD)

Did I mention that the 61.8 fib at 1.2745 was the place to look for long? Oh yeah, I did. Twice. So now I'm looking for a retrace to same spot and for support to hold there. Then we'll have a nice set of tweezers, one bear, one bull candle side by ...

Cable Update (GBPUSD)

Spreads widen during major news. And yes, broker feeds can jamb up during high volatility events. Which is why sitting on the sidelines until the dust settles can work in your favour.

Cable Update (GBPUSD)

Turn Around Tuesday (TAT). And a nice whipsaw was had by all, as expected.

Cable Update (GBPUSD)

Going to wait for the US CPI data. That could cause some whipsaw action. Each to their own

Cable Update (GBPUSD)

Remember this from just after market open on Sunday/Monday? Here's the update, cable will likely hit the 61.8 fib and the 200 sma (purple) around 1.2745 and once again be trapped between the 200 ema (red), the 200 sma (purple) but the crossing over ...

Cable Update (GBPUSD)

Daily chart, stoch turning south 4H chart, looking for support on the 21 sma, stoch flattening (?) but still in southbound trajectory

Cable Update (GBPUSD)

200 ema red 200 sma purple 50 sma blue 21 sma light blue

Cable Update (GBPUSD)

Meanwhile, back at the ranch..... cable has surrendered to the 200ema gorilla (thus far). Pull back to the 61.8 fib with price holding there will be of interest for long

Cable Update (GBPUSD)

Serious Traders take 'Nyopen' daily for enhanced performance

Cable Update (GBPUSD)

Indices and DXY rolled over from March to June contracts at close Friday. That's why they've gaped up or down. Every quarter. It does have a way of messing with the TA, candles especially. Expect the gaps will close, but when exactly is another ...

Cable Update (GBPUSD)

Inter-relationships between the currencies/charts. Things to watch.... GBP and UJ (mirror reverse images of each other). Notice the ma crossover happening on the 4H UJ chart. A nice cable entry long would be around the 61.8 fib @1.2745 if it gets ...

Cable Update (GBPUSD)

Just glad the US is going onto daylight saving time this weekend and only 3 more weeks until we come off it here. No more ridiculously late nights, 2.00am for NFP on Friday, waiting first for NFP then for equity markets to open and do their thing ...

Cable Update (GBPUSD)

I do wonder sometimes where the "expected" numbers come from. Always have to look twice when I see a red (or green) number, to look at the previous month's data and then load the actual data chart to check further. It reminds me of stock market ...

Cable Update (GBPUSD)

So on the weekly chart (agree higher time frames rule the day over lower time frames), cable has cleared the 200ema (gorilla or trampoline) and is now resting just above. Stoch is upward in trajectory. And then there's the higher time frame again, ...

Cable Update (GBPUSD)

Depends on your definition of "positive" - positive upwards CPI or positive downwards CPI It does look like CPI is trending up url The 10 year bond auction will also be important on Tuesday, as will the Fed Budget balance.

Cable Update (GBPUSD)

This was a really good well researched piece of analysis on the relationship between US presidential elections and the market, worth listening to if you have some quiet time over the weekend (there aren't too many analyst pieces that I like, but ...

Cable Update (GBPUSD)