I'm arguing for the same thing....you misunderstood me. It's the opposite of what the other user posted. For example, I'm predicting that price will move down to 1.2314 - 1.2294 before shooting up. It doesn't mean I'm right or wrong but just my own ...

Cable Update (GBPUSD)

I agree, but everyone is entitled to their own opinions. It's up to you and I to filter what's useful or not.

Cable Update (GBPUSD)

If people stopped predicting and just trade what's there, then you'll having nothing to read here and no one to criticize.

Cable Update (GBPUSD)

That's what I currently have.....resistance becomes support. Stops at BE.

Cable Update (GBPUSD)

Bought 1.22775 with SL -20.

Cable Update (GBPUSD)

I'm looking at 1.2540 if it gets there. Out at 1.23 and then looking at a lower price to get in if possible. Price just breached that trend line. We'll wait and see. If price moves up, I don't think it will get there today....maybe Wed.

Cable Update (GBPUSD)

That is a valid level too since it coincides with 50% fib at 1.2301. I'm taking profit there, will wait for a lower price to go long with ultimate target at 61.8%.....unless the levels are invalidated.

Cable Update (GBPUSD)

Look here in 5m as prices try to break the 333MA.... It might keep dancing around here until it decides to break it.....or not.

Cable Update (GBPUSD)

Hello Dav08, I have to respect fib ratios most of the time. It may or may not work but prices will always touch those levels in my experience. Overall, the trend is still down based on daily, weekly, and monthly but I'm only taking advantage of ...

Cable Update (GBPUSD)

I remain long from 1.2210 until the circle area then will see where it goes from there. Stops at BE.

Cable Update (GBPUSD)

Another scenario might be in play on daily chart...it hasn't really touched the 61.8% fib.

Cable Update (GBPUSD)

Went long here at 1.2210 with pending TP at yellow circle trend line. Stops in place at -20.

Cable Update (GBPUSD)

Trying to keep it away from 1.2241 but it will fail....

Cable Update (GBPUSD)

Are you still long on this pair?

Cable Update (GBPUSD)

More stops hunting?

Cable Update (GBPUSD)

This is where we are in my charts... Either we reverse at 1.2490 or at 1.2542. Stops in place.

Cable Update (GBPUSD)

I still think this will reach 1.2540 - 1.2560 before we see a correction down to 1.21xx IMHO....

Cable Update (GBPUSD)

Decision point is circled for today.

Cable Update (GBPUSD)

Take your pick.....1.2440-1.2460

Cable Update (GBPUSD)

With that correction on the 5M, this might even go up to 1.2470....

Cable Update (GBPUSD)