Starting it off.

Al

You are absolutely right, rat.
Market is particularly news prone these days, both from USA and UK. At least that gives some volatility.
I stay with my technical approach. After all, GBP/USD is just relative price of currencies trying to be cheaper.

Originally posted by rat89

You know what I wonder about? With brexit and the US starting a trade war, I wonder about various currencies starting a race to the bottom to make their exports cheaper.

Originally posted by MarcinO

Nothing more concerning the Pound.
Yesterday it made it to the first support at 1.3840 and retraced almost the whole move down, which is starting again now.
1.3820, 1.3785 are my key AOC areas.
Potential trap is just a retest of 1.3840. There are some lines indicating timing for this level today.

I guess, what you mentioned, rat, is one of key reasons of gold strengthening.
FX pairs are all relative prices, while gold can be percieved as some benchmark value to currencies.

yeah.....gld heading for a very key retest area this morning too...

Originally posted by MarcinO

I guess, what you mentioned, rat, is one of key reasons of gold strengthening.
FX pairs are all relative prices, while gold can be percieved as some benchmark value to currencies.

Paper trading. Made a bit on TSRO this morning. TSRO is in the Pharmaceuticals sector.






Al

TSRO formed what I would call a flat Kane ABCD completing at 0.618 fibo and went up more in price. I did not trade this part of the price action.




Al :--)

Excellent day so far, just fucking perfect...
The market was waiting on non-farm payrolls data, and here it is. 30 minutes after the release Cable changed direction 5 time, all within great range of 35 pips.....

Die pig, die!!!!

Ok. It should strat dropping here, from 1.3860 to 1.3740-50 maybe.