I work with monthly ranges to get yearly ranges.... Example Present year 2020 2020 OPEN 1.3209 HIGH 1.3230 (January) LOW 1.2409 (March) 1.3230 - 1.1409 = 1819 pips range so far 2019 OPEN 1.2729 HIGH 1.3514 (December) LOW 1.1958 (September) 1.3514 - ...

Cable Update (GBPUSD)

Noted mate. I will adjust accordingly. I did mention that my analysis isn't in anyway a trading advise to anyone, I only stated my bias based on my analysis. In all honesty anything can happen in this market a typical example is this recent March ...

Cable Update (GBPUSD)

Oh dear lord, my scolding teacher is back again....I need some saving...

Cable Update (GBPUSD)

This statement was made to calm a fellow trader with suicidal thoughts... Thanks for your feedback.

Cable Update (GBPUSD)

Wow I'm glad about the incisive nature of your analysis, it is worth paying much attention to. Check year 2013 monthly chart, you will see a decline of 1500 pips from January to March, then a retracement from that same March to April before 600 pips ...

Cable Update (GBPUSD)

There are still many hours left before open, price can still open at 1.2130 region... Suicide is not an option, money can still be made but life that is gone can never be recovered.

Cable Update (GBPUSD)

Too early to confirm the gap down, I saw it trading at 1.2081 weekend trading but main market will open in about 15 hours time, which can still trade higher by then. In most towards opening time price trades higher. Then if you are lucky to escape ...

Cable Update (GBPUSD)

Do you need some proof about the levels I mentioned?

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I don't know which is better between your jokes and trading skills.... Anyways I enjoy both a lot

Cable Update (GBPUSD)

Do these rates also rhyme with market rate at weekly open?

Cable Update (GBPUSD)

Forex is never a one sided market, prices work in cycles and each trend has expiration period. At the end of each trend, there will be a very aggressive movement to cut most trades off and hence another trend will start. Most believers of the just ...

Cable Update (GBPUSD)

I agree 100% that the trend is your friend but sometimes one might just be friends with a trend that is close to the end, hence range will help detect that. I took sometime to understand your selling bias which is right and never have a strong bias ...

Cable Update (GBPUSD)

Dear htcone, I agree with your analysis and I'm sorry if my earlier analysis misled you in any way as I discovered you unscribed from me. My take is 1.20 will be defended which will be the reversal point towards 1 27 and above. The price may also ...

Cable Update (GBPUSD)

I have never confronted anyone in this forum directly but I do have some words for you... Quit your arrogance and stop antagonising others to feed your ego. No matter how you see it ranges work most of the time and no analysis is 100% consistent and ...

Cable Update (GBPUSD)

Range trading has been super effective for almost 10 years now and it's magical. The only months ranges were useless were in the Brexit month June 2016, Flash Crash month October 2016 and this recent pandemic month March 2020. Even this volatile ...

Cable Update (GBPUSD)

We are getting to the tail end of the bearish move, towards the end price often show massive aggression to scare retail traders off and take profit which will be many retail traders loss. 1.2745 withing 3-6 weeks, then 1.35 by October/November. This ...

Cable Update (GBPUSD)

Selling this pair now will be trap of the decade, a bounce to 1.2210 is expected from here which can now be met with a small sell to 1.2035 region.... After this price will jump with aggression to 1.2745. this is a Marathon not a sprint.

Cable Update (GBPUSD)

You are the definition of class act. You earn my respect. Cheers!

Cable Update (GBPUSD)

You are right about this. The bulls now have a mountain to climb as this is a total dump with no retracement. Next support rests at 1.20 psychological level. Since I work with ranges and has been consistent for years I do still stick to the ...

Cable Update (GBPUSD)

First Buy 1.2206, Second Buy limit @ 1.2053 target 1.2650. stop level 1.1970. I will requote this post in 3 - weeks time. Stay safe and think medium and long term. Cheers!

Cable Update (GBPUSD)