Was that last example too hard to figure out, Peter? Try this one: the US ADP figure came out very strong this morning. The G$ traded at 1.2762 just before the announcement, and within 20 minutes, fell to 1.2731 (-31 pips), and within 2.5 hours fell ...

Cable Update (GBPUSD)

I continue to focus my trading on the GA and EA. Both seem to be retracing now after moves up overnight. Some interest in yen crosses this morning too, but not seeing any current G$ PA. Good trading everyone! If things go as planned I may post a few ...

Cable Update (GBPUSD)

I know that you do not understand fundamental analysis and it's impact on the market. Take a moment, organize your thoughts, and explain the above statements, using the following real-world example: Less than 24 hours ago, the RBA announced that it ...

Cable Update (GBPUSD)

All trades have been closed for the morning. Now watching from the sidelines. A good trading day so far to go along with yesterday's trades.

Cable Update (GBPUSD)

Very busy morning. I am trading the G$, $CAD, GA and EA. No time for contemporaneous notes as trades are taken, but lots going on ahead of several FAs. Keeping stops close and watching for further developments. Trade well everyone! Edit: My limit ...

Cable Update (GBPUSD)

Update on my GA and EA trades: I exited both trades with +80 on the GA and +101 on EA. I want to carry through on my trading plan, but will only re-enter the GA. Just entered at 1.9154, with a stop at my entry on the first GA trade, at 1.9185. I am ...

Cable Update (GBPUSD)

Here is a quick chart of the GA this morning. Timing of this trade was not perfect due to sleep. I am still in the GA and EA and will make a decision shortly as to staying in them or exiting. I anticipate a rate hike tonight in Australia, which ...

Cable Update (GBPUSD)

Today (per my comments yesterday) I traded the GA and EA, both moving as expected (also traded the $CAD). I'll skip entries and stops, but I am still in the GA and EA, out of the $CAD. Big AUD announcement tonight so will keep my stops close and ...

Cable Update (GBPUSD)

Last week the message was to be prepared for an up move or a down move...and both turned out to be correct, although limited moves in both direction with the G$ ending the week about where it started. The round-trip move did use my target as its ...

Cable Update (GBPUSD)

G$ decided to stick with its down move. Only one entry on the G$ this morning for me, hitting my target at 1.2812 (the .618 fib from the chart I posted). But, I had 4 entries on the $CAD, all to my target at 1.3155. I'll call it a good day ahead of ...

Cable Update (GBPUSD)

A few thoughts about the G$. Last week, we anticipated a retracement before a continuation of the up move was possible. That retracement was expected and traded. This week, anticipating one of two things: a continuation to the upside, or a ...

Cable Update (GBPUSD)

Just entered the $J at 139.08, stop is now at my entry. Target is just ahead at 139.72. G$ trade is now possible, selling here, maybe. Edit: $Y out at 139.23, Nothing on the G$ yet.

Cable Update (GBPUSD)

GBP/USD PA is congested this morning, with technicals leaning South. On Wednesday morning in London, UK announces CPI, which is an important FA. So, at this time, I am waiting. The 4H narrative is up, technicals are down, and we are ranging = have a ...

Cable Update (GBPUSD)

Peter, I said I'd be happy to teach the fundamentals of bond pricing. You brought up something about the seating arrangement of Treasuries, GBP. USD, and EURO. That makes no sense to me, unless you are making reference to how bond and currency ...

Cable Update (GBPUSD)

Of course you ae correct about market reaction to FA releases. Everyone knows this, and here in the US, many of us watch CNBC or Bloomberg during FAs, and then listen to their analysis of how the FA impacted various markets. It is an indisputable ...

Cable Update (GBPUSD)

Peter you could use this thread for your big reveal: show your forex trading mastery by posting a chart, some analysis, and a trade or two. This is an opportunity for you to stop the senseless non-sequitor bullshit and provide some clarity. Just ...

Cable Update (GBPUSD)

Let's take this one idiotic statement at a time. No, you have not proven you can read a chart. Reading a chart involves analyzing the currency pair you are watching. You have not proven you can analyze the GBP/USD. Reading a chart also involves ...

Cable Update (GBPUSD)

I got too busy today to post a chart or post my trades, and will be equally busy tomorrow through next week. To the fundamental followers here, I am giving a presentation to my trading group on the inadequacies of current fundamentals in the US, ...

Cable Update (GBPUSD)

I re-read a recent post by PeterCaleb, and after removing comments aimed directly and personally at me, came up with the following: PeterCaleb said: -- the rate of change entering your "support area" conceded 4 ... yes FOUR .... resistant lows ...

Cable Update (GBPUSD)

Pre-CPI, I am also looking at the GY this morning. Looking, not trading yet. So my preliminary list is: G$, GY, $CAD, and E$.

Cable Update (GBPUSD)