The FIB theory is sh.. or what ? Have you seen retracement for the bulls to reload?

Cable Update (GBPUSD)

??

Cable Update (GBPUSD)

The ADR is 165 % today.

Cable Update (GBPUSD)

7060 is previous resistance now will turn as support.

Cable Update (GBPUSD)

Generally, the price on any pair do not fly on a Monday. It is generally a retracement day for the move on previous week. This move suggest that it will drop to 1.7000 at least by Tuesday/Wednesday.

Cable Update (GBPUSD)

It would be nice if they explain here what has gone wrong in their analysis.

Cable Update (GBPUSD)

If you follow some one, ( even if he has 4 or 5 stars in FF ) you could fall in deep trouble. I learnt this over and over again, and in GBPUSD analysis too.

Cable Update (GBPUSD)

It somewhat tells you that the price may not fly more.... Dunno. It is an indication to book profits actually and not a signal to go short.

Cable Update (GBPUSD)

But today's ADR ( Average daily range ) has reached.

Cable Update (GBPUSD)

Only can watch, nothing else can be done.

Cable Update (GBPUSD)

Most of pundits predictions in FF has gone wrong. LOL

Cable Update (GBPUSD)

It has tried both ways, many times. It is still ranging. Even if it breaks 7062, the upside is limited. Remember, it is at yearly, monthly high currently.

Cable Update (GBPUSD)

I had opened shorts at 7038 during Asia and already had shorts around 6980 opened last week. This morning ( for me ), it turned into profit as a basket, but this quick run up again put the whole basket in negative. I dunno where this pair is ...

Cable Update (GBPUSD)

See GBPUSD these days. The ADR is just 60 pips. By the time your system recognizes the trend, the trend is over. GBPNZD has ADR of 112 pips. If your system predicts trend, you are with the trend and catch atleast 50 % of it per day.

Cable Update (GBPUSD)

Whether you are killer trader or scalper, immaterial. My point is if your system predicts a trend ( say short trend ), there must be volatility in the pair to sustain the trend. The volatility is offered by Crosses in all days, majors few days. If ...

Cable Update (GBPUSD)

Change to ECN broker to have competitive spread. If the pair moves 100 pips/ day ( ADR range ) nothing wrong in giving the broker 6 pips.

Cable Update (GBPUSD)

The crosses give more profits than majors, prefer EURAUD, GBPAUD, GBPCAD. I will now change my broker so that I can trade eurnzd,gbpnzd. Volatile pair. Volatility is more important for the trending system to be successful.

Cable Update (GBPUSD)

My strategy is this ; I never stick on to one currency pair though I prefer some pairs. I see daily pivots to ensure to make buy or sell trades for the particular day. Price close above daily pivot, buy direction, opposite for short. Most important ...

Cable Update (GBPUSD)

I understand the way you trade, but normally I take trades seeing daily pivot, then entry system, the see currency weakness and strength for the particular day and take trades accordingly. Those were the days when I close trades when it comes, ...

Cable Update (GBPUSD)

I should not have entered short at 6980 during Asia on Wednesday. Karney ruined my dreams early Thursday morning. Actually my system did not tell me to go short at 6980, but thought Karney will help me, but he ruined.

Cable Update (GBPUSD)