In the end, shorted Nasdaq 10 minutes after the open on the classical down-up-more down move on the 5 minutes chart, took quick 110 points. Could take twice as much if I waited a bit longer (and by the end of the day it can be 8 times as much), but ...

Cable Update (GBPUSD)

We will become liquidity one way or the other, the only question is whether we will profit.

Cable Update (GBPUSD)

How do you know where liquidity is?

Cable Update (GBPUSD)

The week flies by quickly when you are trading, huh?

Cable Update (GBPUSD)

News slightly positive for risk (but revisions negative). I don't know, I can't see a good trade today, maybe I just should rest. My bias is very bearish on GBP and stocks, but GBP can be lifted by the Truss press conference (you never know how the ...

Cable Update (GBPUSD)

On Saturday?

Cable Update (GBPUSD)

Would not be surprised with cable below 1.1 today. The dash higher was a short squeeze, helped by rumours / news. Fundamentally, the only path is down. Now, with some of the sellers long-term positions closed by the sudden move higher and bulls ...

Cable Update (GBPUSD)

In the end, I did not trade the CPI. The setup was ideal to short Nasdaq, but I just got scared to lose part of the good profit that I made this week. Now I am bitter to miss out on the high-probability trade that I planned for a few days. Will ...

Cable Update (GBPUSD)

That's a wise interpretation.

Cable Update (GBPUSD)

This kind of wisdom can be misleading. Yes, small profit is better than any loss. However, if you tend to take profits early but allow big losses, you will not be profitable in the long run. Also, regret over a trade that could have given you big ...

Cable Update (GBPUSD)

1160 looks very tempting to short, but I feel there is another leg up in GU, EU and stocks before CPI.

Cable Update (GBPUSD)

Ok, bullish move today is better in terms of positioning for higher figure. But I want to see more, in particular in stocks. And for G/U, I think 1.122 is a reasonable target if bulls can push higher.

Cable Update (GBPUSD)

I have conflicting thoughts about CPI. On the one hand, I think it continues to be underestimated how deep the problem is. Inflation is self-reinforcing and tends to gradually spread to new areas. Hikes as such do not reduce inflation, they first ...

Cable Update (GBPUSD)

Every time I read this thread open from 2006, I feel like I was robbed. Now we seriously discuss whether cable can go to half of the rate above.

Cable Update (GBPUSD)

The day is not finished yet. FOMC gain is reversed, and the last hour before close can be brutal if NYSE decides to sell before tomorrow's CPI; note CPI is before NYSE open tomorrow. I do hope we get higher, but I wouldn't celebrate just yet if I ...

Cable Update (GBPUSD)

Looks like I got 3/4 right. And if we push higher tomorrow before CPI, I will very likely go short (probably with stock indices rather than FX).

Cable Update (GBPUSD)

Great trade, I have to say I did not feel optimistic about it when I first saw it.

Cable Update (GBPUSD)

That's an interesting comment. I myself like to enter at support / resistance (or near support / resistance after it is rejected) but I also noticed that a lot of time, when price is closing to support / resistance, it is almost inevitable that it ...

Cable Update (GBPUSD)

I think the price really wants to go higher. We had bad news (BOE, PPI), but they failed to move GU lower compared to yesterday. Same goes for stocks. This is bullish. Now do I believe that this bullish direction is long-term? I don't. I expect a ...

Cable Update (GBPUSD)

In my humble opinion, you entered at the worst possible place (at intra-day resistance, and just below bigger resistance at 1.11) and at the worst possible time (just before the release of the news that were likely to be negative for G/U). And you ...

Cable Update (GBPUSD)