OK firstly petetong answered this perfectly already but from a technical perspective, this small move up the guy was moaning about was predictable. I am not doing a blow by blow account from every TF down, i dont have time, but needless to say the ...

Cable Update (GBPUSD)

That is simply nonsense.

Cable Update (GBPUSD)

Can i ask, is "my preferred wave count" purely objective? Are you short this pair? Also, could you show the other variants, if there are any, and reasons why they are no preferred? Are there wave counts which show this going up? I really know ...

Cable Update (GBPUSD)

I'll answer you then. Dont ignore that guy/girl's comments. always thought provoking and clearly shows market savvy. The FX market doesn't just move up and down when news is released and its not as simple as good data = up, bad data = down. If it ...

Cable Update (GBPUSD)

you called it a triple bottom and a double top at a top, not me.

Cable Update (GBPUSD)

like this.... zoom out in your own charts to see where it is. not at the bottom of anything. but price rejected a level. twice. And for the m5 pivot naysayers.... rejection from S1 and a demand zone producing bullish PA formations to go long with a ...

Cable Update (GBPUSD)

to make a triple bottom you have to come DOWN first (anywhere in the market will do as timeframes give height a relative quality). It signifies rejection of a price following a down move. Reverse it for up moves and substitute the word bottom for ...

Cable Update (GBPUSD)

then they are not bottoms, they are lower lows. And they're not at the bottom. Other than that, spot on.

Cable Update (GBPUSD)

dont bottoms happen.... at bottoms?

Cable Update (GBPUSD)

spot on.

Cable Update (GBPUSD)

agreed. I just dont like people discounting any information as noise. respect to all in this discussion by the way, no offence meant to anyone. And i agree with what you said about time to digest. a h&s is same on monthly or 5 min. proportionate.

Cable Update (GBPUSD)

I really do not agree. Not getting something right does not mean it doesn't work. Who when they started trading got it right at any TF? nobody. So it's not fair to say that LTF trading is impossible or wrong or noise. It's about knowing the levels ...

Cable Update (GBPUSD)

that is a massive misconception. There are more LTF candles (for example) than there are monthly ones. The information is relative. A scalper doesn't discount any TF. That's madness. A HTF line/zone is every bit as important all the way down the TF. ...

Cable Update (GBPUSD)

utter bollocks. I mean factually it's all there but...

Cable Update (GBPUSD)

well said - there's plenty of obstacles on the way down. Tons of retail will short at breach of neckline of H&S leaving obvious stops. Not saying it's wrong at all but be careful. I want to see retest of this reversal pattern. Clear some short ...

Cable Update (GBPUSD)

fair enough - it was just a view. I wasn't saying it was going up, just drawing attention to the potential structure in weekly. But you are right, it was messy. And now it's fu*ked anyway

Cable Update (GBPUSD)

only in weekly - daily is a range. You're both right tho, it's not perfect.

Cable Update (GBPUSD)

agree the lines are liberal but they dont have to be perfect. i prefer a more vertical pole than yours to be honest. Anyway i was just throwing it out there. I trade a lot of flags you probably wouldn't consider flags.

Cable Update (GBPUSD)

hehehe, i couldnt be bothered to go back that far! Lets extrapolate, for 'fun' that rise or fall in mid term, it'll be around this area in Nov 2014.

Cable Update (GBPUSD)

I could be mis-interpreting but here's what i see... image image

Cable Update (GBPUSD)