Naughty Naughty ,Turv were finished with that subject

Cable Update (GBPUSD)

Good call Rob,It certainly stopped dead on that 4hr falling TL

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Ok I have told its half the flag pole so im thinking 1.9950. Man It quite in here I should be working,lol

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Cool thanks for that.

Drawing correct resistance and support-lines

Its building I think for the next 4 hr bar. If that is indeed a flag on the 4 hr expect 2k. My 5min not a great pin but its there.

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droped my shorts for BE im thinking its just having a kit kat right now

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On the 4 hour I think I have a flag what do you guys think and if im doing target correctly?

Drawing correct resistance and support-lines

Yes I think thats possible but im thinking no more than the daily pivot. We could now have a rising channel ,overalll direction is up.

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I think we can safely say that was a flag early 9900’s possible next stop.

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Looks like its decided

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heres my small time frame view.In consolidation area on 30 min and bounced with nice pin on 5 min

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Is it a flag or just a down channel

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ATR indicators for Daily ,Weekly and Monthly Salah my friend.

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Having said that I also know this is a big week .The biggest weekly bar I can see in recent times is 600 pips.

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Statistically the Weekly Average True Range is 392 pips over the last 20 weeks. In fact if you look at the last 1,5,10, weeks their ATR is almost identical. The most obvious potential TL’s on the weekly give 1.9650 as the low and 2.100 as the high ...

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ok will do ,lol

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Ok last word on it ,as I said the discussion was kicked off by this.

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Ya know I understand the point of view that “how can a chart predict price for so long “or “how can a formation that takes weeks or years to form give final direction” and honestly I don’t know the answer but it dose.

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Its going great ,I mean the last month has been a little difficult lets say as I have struggled with the bearish look of the charts and my more bullish fundamental view on this pair so I found it difficult to short/buy when the clear signals were ...

Cable Update (GBPUSD)

Ok Turv I don’t want to go on about it as we have more than covered the subject. Just you did bring it up when you thought to open the monthly was not correct. If you can make money on the 1 min it that is great mate.

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