10th Sep 2018 - Forex Diary

8:10 am BST

morning all .........low action at moment and im busy elsewhere ......

asian had relatively low volatility......usd net bull so far ...main seller is Cad......europeans are very very neutral ..............ZZZZZZZz


a while back around 8.30 BST I decided to start selling yen and USD ......europeans looking much more bull as well ...........been working cable up from 2920ish and EU up from 1550s ....EJ looked buyable again in 128.20s

cable been to 2945 and EU to 1570's ....EJ been to 128.50s so far

okish re scalping ......dont hang the flags out just yet today !


pattern still working...

12:50 pm BST

earlier dynamics shifted from around 10.30 am ...consolidation still in progress

Euro looks best bet to hold Bull positions ......if EU can get back into 1580s i'll look to rebuy EJ would be preferable back into 128.60s for rebuying to commence....cable needs 2930s to rehold for buying........aside from this the Swissie has been clobbered today so far ....nearly 60 pips down from 6am BST

14:42 pm

started rebuying cable earlier as it went into the 2930 zone.... now at 1.30s

big thank you mr Barnier !!!!


post the new release i felt gbp was a little overcooked and must come back ......started looking to short cable from 3030 levels .....been down to 3005/6 where major resistance seen so far ..........since then im still tempted to resell when offered .........cable been back up to 3030 again so good sell levels gang ...trade the range !


thats enough for today .........GBPs massive spike has really put cat among pigeons for US session ......the GBP index has only come back perhaps about a third of its spike gain so very promising for the week .......lets see if GBP can finally get a winning week for once as king of the G8

you have to go back to April for it to have last delivered a #1 Bull spot for the week !

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