Hi BB, I'm doing well, mate. Thanks for asking. Hope all is good with you? In my view, this seems a relief rally for cable, which has been the whipping boy of the FX market in the past week, as the minutes were unanimously in favour of keeping QE at ...

Cable Update (GBPUSD)

Hello Que, Basically, it's a relief rally, in that, the minutes did not contain any dissenting votes, as happened in August when a minority of members voted for a bigger increase in the amount of QE than was agreed. There is also a degree of relief ...

Cable Update (GBPUSD)

A big boost for the dollar and would leave sterling even more exposed as the whipping boy, the ugliest sister, the biggest dog, out of the major and minor currencies, in my opinion. Such a statement to withdraw and head for the exits sooner than ...

Cable Update (GBPUSD)

Personally, I'm flat cable and will make my next move below 6115 (if it gets there). My bias remains short, no change there, providing price remains below 6400. With regards to EURUSD, I am also steering clear of shorts until (if) 4450 (prev ...

Cable Update (GBPUSD)

Not bad, my friend. Kind of worked out as expected today, eh? Not bad for traders using lagging t/fs, one of whom even dares to incorporate "funnymentals"! Cable sinking and a short squeeze, albeit aided by thin liquidity, in USDJPY...

Cable Update (GBPUSD)

I'd be more than happy to buy you that pint (warm English beer only, mind!), should you ever find yourself on these shores. Paul

Cable Update (GBPUSD)

All part and parcel of the "game", mate.

Cable Update (GBPUSD)

Exactly, my good friend. Each to their own or, as we say in Landan, "it's horses for courses, innit?"....

Cable Update (GBPUSD)

And speak to me when you're finally trading, rather than talking about trading or, in the unlikely event, you ever become profitable.

Cable Update (GBPUSD)

Have you fully considered the ultra-dovish SNB and their very aggressive and determined stance on preventing further appreciation of the Swiss franc? You have to remember that when a central bank is acting to prevent their currency from ...

EURUSD

He's softened his rhetoric on being supportive of a stronger yen. Check out my previous post, sir. And Eid Mubarak to all my Muslim friends on this thread.

Cable Update (GBPUSD)

Notwithstanding my bearishness on sterling, and the dragon in particular (though it's not a pair that I trade), there is an increasing danger of a sharp unwind of long JPY positions in the next week, albeit only on a short-term basis, probably more ...

Cable Update (GBPUSD)

Well, next week will gift us with plenty of opportunities, for sure. We're not far from 6115 support. It could be very good. You're a good enough trader to capitalise on the sentiment that is expressed on your charts.

Cable Update (GBPUSD)

Stay cool, mate. You don't have to be in a position. Let the right set-up come to you, one that you have real conviction in trading. There's nothing wrong with being flat.

Cable Update (GBPUSD)

What did you fucking expect?!?!?! Just kidding, mate. I also trade EURUSD, but it can be frustratingly slow.

The WoRmHoLe

That's what i'm thinking of now!! It's a dreadfully slow day.....

Cable Update (GBPUSD)

Because once we have those confirmed, the price simply CAN'T drop! hahahaha...... Nice one!

Cable Update (GBPUSD)

So, in effect, what you're saying is that I should wait for the bullish Gartley to be confirmed on the M1 chart before buying? Just kidding.... Some wise words...

Cable Update (GBPUSD)

I'll take a wild guess (and that's all it is) that we're seeing the start of a huge H&S formation, which, once it breaks, we'll see 1.53 come into play. You ready, Azim? Next opinion, pls.... p.s. AMS, I got into serious trouble last night because ...

Cable Update (GBPUSD)

In time, I think most of us can start to properly get to grips with the fear, and other unhelpful emotional responses, experienced when trading. Either e do, or we ultimately will fail. Have you read Trading in the Zone, Navin? If not, you ...

Cable Update (GBPUSD)