OK, good call. I went short at 6154, then out and long at 6143 as it didn't break through it.

Medici trades the London open

Those were obvious supports, but don't know if I'd enter long there. More likely those levels will break, so looking for shorts on retracements.

Medici trades the London open

GM, good to see you here. Well done, again! Do you mean the low of yesterday in cable?

Medici trades the London open

Approaching 7am and a bit too quiet. This may go south, so out and will look at price action at the entry level.

Medici trades the London open

To me this quote is about the central bank policies, starting with Greenspan, of boosting economies by excess credit and cheap money. I think it's a fair assessment to say that that's what they are at again now, and that the boom-bust sequences will ...

Medici trades the London open

And the alternative scenario, if these entry levels break, is to sell below them for revisits to the lows of yesterday and possibly below.

Medici trades the London open

Yes, 1.6162 is a solid support line, 23.6% retracement of the early July drop from 1.6743 to 1.5982, a range whose Fibo levels have been in play ever since. Targets? Cable 1.6205 and 1.6230, but could go above both. Euro 1.4405 and 1.4419 but could ...

Medici trades the London open

Interesting reading — url A quote: "The world has been in a bubble since the mid-1990s. They are still blowing new bubbles to keep it all going, but each bubble is shorter and shorter. It is frightening, and is all going to end in tears,"

Medici trades the London open

Good morning. Here we go again. For Frankfurt/European open, 6am, long cable at or above 1.6165, long euro at or above 1.4367.

Medici trades the London open

Morning summary — Caught by unexpected selling at 8am. Had to work back to profit by small range trades and a bounce after the news. In all not the best of days. We live and learn.

Medici trades the London open

Thanks, you're welcome. And, yes, it's been a good week, but a bit of a tumbler today. As for the long this morning, I expected a bounce before any selling continued. The bounce did happen, but the sterling-yen selling was unexpected. And it wasn't ...

Medici trades the London open

Well done, I wasn't as quick and got in at 6160 for 20. I may not trade tomorrow, but I look forward to seeing you here again.

Medici trades the London open

Long again at the bottom, also long Euro at 1.4380.

Medici trades the London open

No, I look at the 24h traded Dow Jones and SP500 futures. Not a direct correlation, but often there's buying/selling in cable with the direction coinciding with the direction of the index. Obviously not today, but many other days.

Medici trades the London open

Exactly my approach!

Medici trades the London open

...and back in at the bottom of the range, if only for 20 pips...

Medici trades the London open

Also closed out.

Medici trades the London open

At this stage, 8am, I like to watch the opening of the cash equity markets. They often give direction to things. Presently moving in our direction. For taking profit I usually want to do that at a resistance level (if long). My targets would be ...

Medici trades the London open

So it seems. We're at the bottom of the range of the last week, and the Euro has definitely bottomed out for now. So this should be one of those things that cable does, and it's the cost of doing business. We'll see about the upside. The Euro should ...

Medici trades the London open

Good Morning, yes stopped out on that one but re-entered at 1.6215. We'll see how it goes. An unexpected move, I must say, whereas the Euro has been better behaved.

Medici trades the London open