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Awaits market reversal to build Cable position, Tom Dante notes

Awaits market reversal to build Cable position, Tom Dante notes
Seeks opportunity after Cable fill

Tom Dante, owner, trader, and educator at Personal Blog, reports entering a Cable trade after receiving an early fill.

He expresses a desire for the market to reverse, allowing him to increase his position. Dante indicated the update was earlier than usual, driven by his current trading strategy.

Dante has commented on other market developments in recent updates. He recently noted that Japanese authorities spent $73 billion intervening in foreign exchange, but USD/JPY quickly returned to the 160 trigger. In a separate post, Dante stated that traders have used his NQ short strategy, applying a naked LLPB above an ID high to pre-empt trades with successful results.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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