Still selling this one - we'll see - some news out today.

Cable Update (GBPUSD)

Probably better to long GBP/JPY is you really want to long the pound - I'm not shorting USD for awhile yet - of all the currencies Jerome Powells USD is the only one thats reached a potential rate pause.

Cable Update (GBPUSD)

Personally I wouldn't bother trying to long this for awhile, I have a sell limit order in that is quite far away now Probably wise to stay away from markets with the potential volatility for today - may head to the options markets but who knows. ...

Cable Update (GBPUSD)

Hodling here - nice chill Monday Dont forgot some US data out tomorrow - nothing too extraordinary though. have a nice night folks

Cable Update (GBPUSD)

Going to buy at the .618 retrace here or the 1.27 extension if that fails - probably my only punts on this pair for a Monday.

Cable Update (GBPUSD)

I gotta agree with Bella on this one - still bullish bias for me. Although I'm well aware that spikes down can happen at anytime, so unfortunately have to keep my positions small. I constantly battle against the urge to bet the farm but I've learnt ...

Cable Update (GBPUSD)

1HR

Cable Update (GBPUSD)

I'm trading other instruments atm but I took a cursory look at G/U - if I had to trade it, I would trade the channel and expect some increases. Prob next week though. Excuse the terrible drawing, my sisters the artist not me.

Cable Update (GBPUSD)

On another note, although it applies more to equitys, I wouldnt be surprised if markets rise on 'bad' economic news. It reduces the pricing in of rate hikes + even prices in potential rate cuts - although they're a long way of.

Cable Update (GBPUSD)

Personally, I've never understood why PMI's have such an impact on the markets. Isnt it really just a glorified survey? Anyway, I'm still holding longs on GBP/JPY from the BOE - its hard enough getting a good entry on the dragon - plus the swap rate ...

Cable Update (GBPUSD)

Brought here - if I get stopped so be it - probably will but trading small until BOE anyway

Cable Update (GBPUSD)

Still planning to buy this up but might wait until US session - bulls are lurking. But its hard to know who'll win yet

Cable Update (GBPUSD)

Im still on the bulls side although its a bloody battle

Cable Update (GBPUSD)

I think it'll just be a slow war between bulls and bears until tomorrow - my money is on the bulls. Trading other markets in the meantime however, sweet ranges on nasdaq futures and AUD pairs.

Cable Update (GBPUSD)

Buying Selling?

Cable Update (GBPUSD)

A lot of focus on BOE later in the week - I think some traders are pricing in an above forecast rate hike - would explain the demand over the last week. Public holiday in US as well today so may be a quiet Monday.

Cable Update (GBPUSD)

There's a good book that talks about that - Trading In The Zone I think its called? It had these idea that when we trade a system we view the market objectively thus can make better decisions. To deviate from a system creates these mental blocks so ...

Cable Update (GBPUSD)

All my profit targets are hit for the week - should I hold this over the weekend as a freebie? It'll prob hit the trailing stop tbh but still debating just hodling it see what happens.

Cable Update (GBPUSD)

It is Friday, it's likely a lot of positions will be being unwound from earlier this week. Added a short to GBP - glad my risk has been tiny so far - BOE next week so reserving most capital until then.

Cable Update (GBPUSD)

I used to for a start up where I live. Honestly, hated it. The capital comes with its own form of costs; in my experience I could not stand my immediate manager, neither could most traders. When I jumped ship so did 3 other traders. That's just my ...

Cable Update (GBPUSD)