I’ve been dipping my toes back in the long-GBP market for the last few days and I feel that the upside pressure is about to intensify. Some of the crosses, particularly GBP/AUD and GBP/NZD, showed me that they are trying to base and I am expecting a strong move higher into the mid 1.30’s in […]

Lots of Brexit headlines this week have knocked the pound off its perch but I am going to stick to my guns and look for attractive levels to re-enter my long cable play. It’s Friday, and there will no doubt be plenty more Brexit headlines in the UK weekend papers, so I prefer to wait […]

The 2 big drivers in the FX market over the last few weeks have been the semi-official Japanese buyers of AUD bonds driving AUD/JPY higher, and the reserve managers buying of EUR/USD after the EU bail out announcements. My targets have been reached in Cable @1.32 and AUD/USD @ .72 and I now feel that […]

Back in the good old days, if silver made 10% gains then the GBP would follow suit but the times they have a changed! The pound has been lagging the other majors (bar the JPY which is on strike!), and it’s close to major support levels against the EUR and the AUD. I’m in the […]

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 […]