There is a view that because Powell screwed up last year at J. Hole - he is not going to do it again. NFP is really strong. Also there is a massive bet on Powell being hawkish Here are the forecasts on interest rates url url We have CPE this ...

Fundamental Trading Journal

Today: FFF got a beating off those PMIs Caught some short CADJPY and structurally UJ looked like it was a sell. Back of the curve - has been showing weakness RR switched to being bearish today on UJ Thinking ahead - main trade has to be what Powell ...

Fundamental Trading Journal

Right thought I would start this again. Don't post on here- this is just my musings- most of it won't make much sense anyway My view - is that retail traders should not be trading - as they know nothing and 95% lose. Some rules 1. Protect your ...

Fundamental Trading Journal

Just because you make profit - does not mean its not gambling. Its still speculation- its not a worthy endeavour

Are We All Gambling?

FX retail trading is gambling To the people that say -buying a house is a gamble - they are missing the point. When you buy a house- people benefit from your purchase (solictor/lawyer, estate agent, tax man (broader society)- and typically, you will ...

Are We All Gambling?

Understand Dollar strength But off Bailey's comments - not short gold for me

Cable Update (GBPUSD)

Bailey killed yields

Cable Update (GBPUSD)

Got nice sell at VWAP/POC Aussie bid earlier on delayed it sorry for not posting earlier Things looking a bit more positve - iro risk so likely to have a pullback

Cable Update (GBPUSD)

I know there may be food shortages, and unemployment will climb and businesses will go bankrupt - but at least we will have our fishing industry I will remember that when I am queining at the fish counter at Tesco.....what a total waste Boris ...

Cable Update (GBPUSD)

Sorry mate....don't mean to confuse- apologies I closed the long - when that big seller appeared. We are seeing risk off sentiment- but some pound buying is needed The dollar is King The markets are very flexible and for me its a case of working ...

Cable Update (GBPUSD)

I was long from last night...things not looking that great atm think bonds will get a bid

Cable Update (GBPUSD)

This was a real buy the rumour trade- Boris off to Brussells for dinner with the EU - to sort out Brexit

Cable Update (GBPUSD)

Big seller there - they absorbed everything- Let's wait for 12pm

Cable Update (GBPUSD)

There are now 30K calls that are ITM from 1.4.... Surely, this was just a hedge

Cable Update (GBPUSD)

That's what the theory - there are some companies on the net that identify the levels usually its to do with the S&P though I see that the EU are going to have a meeting about the differences - and make a decision on what to do Boris playing hard ...

Cable Update (GBPUSD)

Short gamma below 1.3000 If price drops below this level - dealers have to sell future contacts & spot to cover the puts they have sold

Cable Update (GBPUSD)

This drop - is mainly due to stops being wacked- and someone finally thinking of buying the dollar

Cable Update (GBPUSD)

Oil look good today

Cable Update (GBPUSD)

Sometimes I wonder is it possible for the dollar to actually get a bid

Cable Update (GBPUSD)

If they rally into it - and it makes a new high or low Then its worth having a look- The end of the month fix is meant to be the main one. Also I mark up the charts with those levels - into any inmportant data releases / cash rate meeting etc... I ...

Cable Update (GBPUSD)