Not a rumour mate. Check previous posts and you will see some levels. This thread have different trading methodologies and not ideal to impose levels but it is important to know some medium term scenarios ahead of time as tight ranges don't last for ...

Cable Update (GBPUSD)

Chopping these days ahead of a big one sided move. If caution isn't applied one can get trapped at an unfavorable level.

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Wow... Thanks mate

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Lol...

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Well said Navk...

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I have 3 targets... First target is 1.2470, second target is 1.2350... third is 1.2252

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Thanks mate.

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As it stands, 186 pips range so far this week (1.2665 - 1.2479) which is yet to match the minimum weekly range in the last 15 weeks being 211 pips range that took place last week. Either this current high 1.2665 or current low 1.2479 will have to ...

Cable Update (GBPUSD)

Nothing changes ... Bearish below 1.2669. still aim 1.2470 target only break of 1.2669 will invalidate this level for short term .

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Patience...

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Well said mate...

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So 10 - 50 pips you make here and there makes you a super trader... Focus on your trade mate. This market is all about consistency... All through the year. The swing downward will gather lots of pips and not bother about 30- 60 pips fluctuations

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True

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How about we swing traders have a specific thread too and also still participate in this thread?

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Brokers biggest nightmares are traders that see 100 - 200 pips potential profit/loss as insignificant due to their medium/long term view of the market. Let's not be confrontational as we have a stronger battle to fight which requires us to be allies ...

Cable Update (GBPUSD)

Covid 19 was factored into yearly range model which hastened 1820 pips movement between January to March 2020, almost equalling the range of 2018 which had 1900 pips. I did draw out 2020 range and price pattern behaviour which is twin of 2013 in my ...

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Robber brokers with their killer swap system to discourage traders keeping floating positions overnight for several days as they know recovery is always possible if with enough equity to withstand the potential loss position. Swing traders are ...

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My thread will be coming up in August, I had to put it on hold this July.

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I have placed a short from 1.2620 earlier.

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I'm not increasing stop loss level and besides I do not make use of stop loss as my system is always anticipatory and shows where the risks are and I prepare good margin to protect my trades against the identified risk levels. Now for the 1.2817 ...

Cable Update (GBPUSD)