Ok, he said it: They could imagine to raise rates one more time! Depends on numbers, "convincing evidence". I think we see new low today. They currently collecting shorts. May be waiting until he finished talking. He sounds stable. Good for USD. ...

Cable Update (GBPUSD)

Two things to remember: 9th week of Dollar Strength, USD/JPY may be intervention soon from BOJ, could mess things up, also on GBP/USD. Nice potential for a flip now: First aim would be 1.2430. Today should be ending below 1.2333, else reversal ...

Cable Update (GBPUSD)

long at: 1.2372 1.2368 1.2357 1.2353 out: 1.2355 (grrrr.... was 4 pips higher 1 second ago) 1.2364 1.2368 Made my money. Not really on it, that dollar is so strong. I think a rate hike would have been better for the dollar. I'm done now. Be careful ...

Cable Update (GBPUSD)

Exactly. Most times after first initiation of inlfation there is a cooling down (we saw that lost months) and than another spike comes. That's why I cannot understand FED that they don't hike rates more. Inflation has to be killed, I cannot see that ...

Cable Update (GBPUSD)

I think we have to slow it down a bit: Last US-Datas showing that: a) Economy is growing b) Prices are going up (again) >Rates (should go) Up, FED more hawkish Today's CPI was lower than expected on GBP but the rush down was completely overdone (too ...

Cable Update (GBPUSD)

Oh dear... image Empire State Index way over expectations. Rate Hike even more chance now. Economy says: F*ck you FED. FED will not like that. That brings big trouble now. Since March strong Datas for US is good for USD. So new lows on GBP/USD but ...

Cable Update (GBPUSD)

I like to trade oversold/overbought areas. Mostly I cannot wait for that confirmation.

Cable Update (GBPUSD)

USD gets weaker now over the board. I think that's it for today. For me no trade anymore, PA is way too slow. Could be a prepare for further drop later after London close. Big no for me to play long here. But Signals are mixed anyway. Kind of ...

Cable Update (GBPUSD)

Sold half of all 1.2407, I dont like the PA at all. Too slow for me. Edit: Sold everything at 1.2413, just right now. Potential till 1.2418 is there but I skipped that.

Cable Update (GBPUSD)

- now i'm the new montygoldy. Add another Long avg. lot 1.2403., 1.2405 avg. now.

Cable Update (GBPUSD)

I only go for fast retrace. Long at 1.2409 currently. Market is not really in the mood to go up. PA looks crap. I saw a big sell at 1.2422 before. Hard drop here. I hope it is not getting a slow pace down now.

Cable Update (GBPUSD)

? Datas were very good for USD -except for rate drops from FED. Rates will stay high. Economy is strong in US. They hoped for slowing down prices but with today that is history. That's the grain of salt for the USD.

Cable Update (GBPUSD)

I tried to talk to "strat" he is called. Old Pro. He also only trades nasdaq currently as it looks like. Asked him the same question. The candles are much more clearer. Not sure what's going on at the FX-Market since 6 month. Volatility is quite ...

Cable Update (GBPUSD)

Sorry NavK. I'm long now but very little position 1.2409.

Cable Update (GBPUSD)

Not to defend his argument but he wrote it before the news...or at least related to a post before the news. Here the GBP dropped at least a bit but I get your point.

Cable Update (GBPUSD)

I also expect a new low today. No long for me now. ECB-Press Conference started. Lagarde will send Euro down as usual so USD will go up and GBP/USD will go down. Let's see.

Cable Update (GBPUSD)

Hmmm...cannot confirm that. Anyway: All numbers were good for US-Economy but the problem is: Inflation is not solved at all. image Core Retail Sales jumped up, strong economy but also inflation driver PPI Jumped up again, extremely sensitive ...

Cable Update (GBPUSD)

Hello Strat, thanks that people like me can talk to you. I trade for 20 years now so I have some experience. My question I have is regarding the Price Action on Nasdaq vs. Forex. What I can see on your charts the candles and movements are quite ...

Strat's PASR Long Term, Stress Free Trading

Yeah, Euro is really ugly to trade currently. I cannot see much difference to EUR/GBP and before EUR/GBP was really crap against EUR/USD to trade from PA-Side view. Years ago we had >100 pips everyday and 1 pip spread (without commission) Now we ...

Cable Update (GBPUSD)

hmm...since yesterday also smaller currencies (PLN,SEK anyway) flee to USD now, also CHF is sold off for weeks now already against USD. That could mean more pressure on GBP/USD south. Be careful with intraday trading, big institutions don't care ...

Cable Update (GBPUSD)