The signs from the crosses such as GBP/AUD and EUR/GBP are bullish for the pound and I am starting to ramp up my cable position. This is always the most dangerous time when it comes to position building, as if I get the timing wrong then it’s easy to get stopped out. I have started […]

This trade has been dragging on for a while and I very much hope that it will be worthwhile. I managed to stay safe last week after a strong bounce off 1.2250 and the fact that EUR/GBP is threatening to to post a top near .9080/.9100 is also promising. On a less optimistic note for […]

I will try to respond individually to all those who have contacted us. In the meantime, here are some answers to more FAQs. ……………………………………………………………………………………… Q7. What size of personal account is considered ‘relevant’? Like everything else, it depends. I would suggest that $5-10k minimum account sizes with usual leverage usage of 5:1-10:1 and occasional managed […]

Thank you very much indeed to all who’ve contacted us after yesterday’s registration email. I thought it might save a bit of time if I answered some of the more frequently asked questions here, but by all means feel free to contact us directly with any individual questions you may have. ………………………………………………………………………… Q1. “What are […]

I’m long cable and 100 pips out of the money. Not an unusual occurrence by any means as in my experience this is one pair which tends to overshoot expected levels by significant amounts. But, my confidence levels are receding as I’ve watched and seen the pound continue to slip against the EUR, JPY and […]

For once in my life I’ve been patient and cable has pulled back to what I consider to be ‘good value’ levels. The pound has also some decent support levels nearby on the crosses with EUR/GBP resistance at .9050 and GBP/AUD support at 1.8050. I’m hoping that 1.2350/1.2400 should start to build a base and […]

My overall big-picture view remains the same. The USD will weaken and I’m looking for good medium-term entry levels back into long AUD/USD and long cable positions. My shorter-term view is a bit different and I expect some noisy sideways markets just like we have seen in the last week or so. We’ve just seen […]

AUD/JPY has fallen off faster than I had anticipated which has given me my hoped-for dip in AUD/USD and cable. It’s Friday and Wall Street had another shocker overnight, which means that the risk off plays will be front and centre. I’m not exactly sure how far we can go but I hope to start […]

I have been probing AUD/JPY shorts since yesterday as the recent move higher felt overdone. That said, I’m only jumping in and out for quick wins and keeping my ammunition dry for further cable and AUD/USD longs. Cable is still my preferred play and I’m hoping to get back on the long trade somewhere on […]

The AUD/USD is leading the way again as a new trading week gets underway and those who have missed out on the move might get some more joy by focusing elsewhere. Cable is underdone in my biased view and has some catching up to do. There is always the risk of some Brexit headlines knocking […]