Like I say mate it’s a pin (bullish), and I believe its valid unless the its low is broken, if you look back in time on your monthly not to far, there is an almost identical candle, take a look at the effect Nothings guaranteed though.

Cable Update (GBPUSD)

I for one am glad Mike and Alan are friends ,good posters should stick together ,I was with Alan 1)Cause he is a Brit 2)Cause Mike is copying my trades I see strong resistances here but think it will be broken this week.

Cable Update (GBPUSD)

Navin that last monthly candle is a pin or pinocchio bar.It is called that because it gave a false indication of direction

Cable Update (GBPUSD)

Im still thinking were on the up or consolidating,see alot of res at 1.9620 and am long from 1.9410

Cable Update (GBPUSD)

Hay Abuawad seems like your fan has held perfectly,like I said buy at 1.9400

Cable Update (GBPUSD)

Yes could be consolidation ,I would agree

Cable Update (GBPUSD)

Of course we are in a down trend on anything under the weekly, but if price goes near 1.9400 I will probably take a little long, depending on conditions. The up channel in the attached daily is a very similar angel to the fan mentioned Plus We ...

Cable Update (GBPUSD)

You are right; there are other currencies out there that should be looked at . On the fan I am not sure if it’s a bearish discovery, in fact I would say it’s the complete opposite. As pointed out if it’s broken decisively we could go to next level ...

Cable Update (GBPUSD)

Looks like a fib fan to me ,either way they are right there in your MT4

Cable Update (GBPUSD)

GBP-USD TRADE — Ok so my thoughts last week were bullish and were not exactly right, LOL Firstly I would say I did make a fatal mistake of looking towards the interest rate statement, even though I guessed it right and the statement after ...

MW's trading journal

Well spotted Abuawad price certainly seems to be respecting that fan

Cable Update (GBPUSD)

No I was long at 1.9650 when price droped to 1.9500 (actually the break) I went short I mean I was looking for a high target but 150 pips was enough.So at the momment i still am looking to drop the short for profit and ride up if I am proved wrong ...

Cable Update (GBPUSD)

Me I love a conspiracy theory,I dream them up all the time ,always sceptical of the market I kept my long term long from 1.9650 to 1.9500 and am now hedged in from there I, still feel long unless that last months low is broken and am looking to drop ...

Cable Update (GBPUSD)

Ever heard of Tom Demark ?Now I havnt read his book yet but I will ,this is a great tool honestly would not b without it Ameri dont you sleep !!

Cable Update (GBPUSD)

im thinking were going up,im not trading it as im already long from 9650 trying a long term er (by that i mean mabe a week or more ,not 1 day or less as usual) I must admit the only thing Ive made so far is intrest but my bet is hanging on in there. ...

Cable Update (GBPUSD)

Hay Jacobtrader ,were outside the 30 min down channel and the top has been validated looks like were drifting back up for min

Cable Update (GBPUSD)

Great thread guys, I love all this PA stuff, and am hungry to learn more and its funny ,LDGBFF LDGBFF=life don’t get better for free

james16 Chart Thread

are you saying dailys are not good for trading ,thats funny cause I thought that was where the smart money is ?

Cable Update (GBPUSD)

Thanks Ameri and Acid, I believe I had the wrong end of the stick with you-sorry mate

Cable Update (GBPUSD)

btw im still long from 1.9650. Now yesturday when price shot up,normally I would have cashed that.But Im am trying very hard to get a long term trade under my belt.So I have ,and will ,probebley wait until tommorrow

Cable Update (GBPUSD)