@ Tasmanian

Cable Update (GBPUSD)

We don't actually. The ocean is for keeping cool. You can't leave a car engine running on idle for any length of time and expect the car air con to keep working. It needs revs to keep a car cool. url It was 30C here at 9am this morning, don't ...

Cable Update (GBPUSD)

Best to never trade NFP during data release time slot. It will often whipsaw in both directions. Better to keep your finger off the trigger until the dust settles. We'll see what equities do with it all shortly, 10 mins. Many traders blowup several ...

Cable Update (GBPUSD)

Because it's loads easier to pack everything in the car, beach umbrella, sun shelter, eski cooler with food/drink, beach chairs, body boards, towels, sun screen galore, hats, humans and just drive onto it. Pick a spot that is less populated if ...

Cable Update (GBPUSD)

I'll see your Melbourne and raise you an Adelaide And my beach is gonna look like this all weekend

Cable Update (GBPUSD)

And here's cable, got past first base (200sma purple), made it to second base (61.8 fib) and now eyeing off third (the 200ema red). Will it be a home run ?? Looks that way but we'll see. Nice ma's (21 and 50 sma's) crossing over below too for a ...

Cable Update (GBPUSD)

As for NFP ..... let the dust settle before acting

Cable Update (GBPUSD)

There was it seems a concerted and clearly pre-planned orchestrated bull move among the prop trading houses, one that began at precisely 9am London time and carried through to close today. It was particularly odd and noticeable since the US traders ...

Cable Update (GBPUSD)

Keep an eye on the Kiwi $ - canary in the mine (particularly for the indices). And EURNZD currently on 61.8 fib retrace. Market will often load up NZD and AUD ahead of volatile events, then dump it in favour of higher value currencies, like EUR and ...

Cable Update (GBPUSD)

Keep in mind the "fixings" are coming up in 30 mins. 11am London time. Cable can respond weirdly either way afterwards.

Cable Update (GBPUSD)

And the ADP data is notoriously unreliable Versus the expected NFP data due Friday

Cable Update (GBPUSD)

And here's cable kissing the 200sma (purple) and eyeing off the 61.8 fib. And then there's the EUR/GBP cross looking confused, wicks above and below the PA, shall we do a fractal or no?

Cable Update (GBPUSD)

He's used to it and good at his job. Someone else posted this pic over the weekend, very amusing.

Cable Update (GBPUSD)

Good question. Understanding the inter-relationships between the currencies and also the currency inter-relationship with the equities indices MATTERS A LOT. If market thinks the indices are going to run short, they will dump AUD and NZD in favour ...

Cable Update (GBPUSD)