Well, you owe Georginson. Not to try finding bottoms/tops in a strong trend is probably the most important lesson in trading. For scalping it's ok, but not to hold long-term losing positions and especially not adding to them. Yes, you paid a lot for ...

Cable Update (GBPUSD)

UPDATE: I found another possibility to stop the bill from passing in its current form, see above.

Cable Update (GBPUSD)

Let's continue with my live commentary on Brexit; hope people read it, because so far, I was correctly predicting next moves. The picture is now entirely clear. EU gave UK government until the end of the month to withdraw the bill that would ...

Cable Update (GBPUSD)

1.278 support survived in the end, although bears (or algos) attacked it quite strongly. So we may see some retrace higher; not sure whether Asia can break a support like this. However, one big thing is risk off mood. It was not anything spectacular ...

Cable Update (GBPUSD)

You bring good luck. Took 185 pips at the end of the day, not my biggest catch in terms of money, but in terms of one-day pips, yes.

Cable Update (GBPUSD)

At the moment, EU and GU are working very hard to break the support zones. Let's see if they succeed. But big risk off may have returned.

Cable Update (GBPUSD)

I am busy selling pound, but this scenario may just start being played out.

Cable Update (GBPUSD)

Ok, let's talk about specifics. Agriculture is heavily subsidised by EU; after Brexit, it will be subsidised by UK -- and we will see how effectively. And because it is subsidised, bigger agriculture is actually worse for economy (although better ...

Cable Update (GBPUSD)

I do. 5 years is extremely short time to sort out this mess, and even 10 not that bad.

Cable Update (GBPUSD)

Who it will help, exactly? Banks and other services? They would lose on non-trade barriers (regulation, information). Manufacturers? They would lose big time on supply chain disruption, many will need to relocate. Consumers? They would see higher ...

Cable Update (GBPUSD)

Europe is relatively better for now, they won't be hit as badly by Covid and definitely not by Brexit. But EUR will have its fall later, I believe, and probably soon. And if/when the European sovereign debt crisis returns (I think next year), it ...

Cable Update (GBPUSD)

It makes perfect sense. GU was at 1.19 about this time last year, when hard Brexit could happen with maybe 20% probability (and people understanding politics knew it wouldn't happen). Now it has maybe 80% probability (and most likely will happen), ...

Cable Update (GBPUSD)

Brexiters say that hard Brexit would benefit UK and hit Europe. Markets don't quite agree...

Cable Update (GBPUSD)

News, as predicted: url

Cable Update (GBPUSD)

Long consolidation in EU... I remember in February or March, EUR reached high level after ECB and then started a fall that lasted for many days. Just something to keep in mind as a possible scenario.

Cable Update (GBPUSD)

There may be a bounce ahead of 4pm fix.

Cable Update (GBPUSD)

1.292 looks like a strong support, bounced here last time and stall this time. While I was typing, it broke, possibly more downside now.

Cable Update (GBPUSD)

Well, I now entered almost exactly the same trade, short 1.2976. I think real direction is down, GBP was lifted by EUR (I wonder when algos stop correlating them), and now should return lower (and by the way, I am also not sure EUR will stay ...

Cable Update (GBPUSD)

Thanks, I should have done the same, was caught off guard by ECB.

Cable Update (GBPUSD)

Always happy to be on the same side as you are. Did you close at 50, or will wait a bit longer?

Cable Update (GBPUSD)