I'm sure that previous posts to this brainless thread have elaborated significantly on the initial post, but I feel compelled to say this - that no indicator, whether it be a candlestick, moving average or whatever, can be trusted in isolation. It ...

We were fools to believe candlesticks can predict

I was actually referring to both the Dow Jones and S&P 500. For cable, yes, I think we have topped for now. I agree with your demand level which I have at around the same level. All that is super clear to me now is that September's wonderful Bull ...

Cable Update (GBPUSD)

Agreed! But look what's above them- nothing!! - no resistance on the hourly, H4, Daily, Weekly, Quarterly, yearly..... just clear blue sky!!

Cable Update (GBPUSD)

It's mostly baloney I come out with, albeit educated baloney. It's looking like you might have that new low!

Cable Update (GBPUSD)

It is indeed. However, I certainly would not have still been short had I opened that short today as for me, a pm break to the upside was always a strong possibility as the day progressed. Now we can only wait and watch. Certainly the Daily chart has ...

Cable Update (GBPUSD)

Cats are very fussy about their surroundings you know.

Cable Update (GBPUSD)

I ignore all fundamentals when I'm trading, not that they don't have an impact on the price, of course they do, but I only trade what I see, not what I can't. Here's a 15min chart showing not only bottoming ( for now ?) candlestick patterns, but ...

Cable Update (GBPUSD)

I'd be surprised to see new lows today though.

Cable Update (GBPUSD)

Well, I can only give you mine - just look at the long southside stalks on the 15m candles for the last two hours, plus the fact that the price has been stuck around the 4 hour 200sma all day, and you got the makings of a break to the upside like ...

Cable Update (GBPUSD)

Just to prove a point and also to clarify the position of the 200exponential moving average which is important to understand, here is a chart showing a fantastic Buy opportunity for cable on the 22nd Oct. Again, this is a counter-trend line being ...

The counter Trend Line - trade these every chance you get!

I actually took my entry on a 1 min time frame at 04.35 London time and was not surprised to see it take off the way it did, because this type of set up more often than not produces a very powerful move if everything is in place as it was here. ...

The counter Trend Line - trade these every chance you get!

Cheers Max! - hope all's good

The counter Trend Line - trade these every chance you get!

I'm looking at 16,600 for this pair as the high this year before she breaks, which is the monthly 200 ema/sma which are converged right now. This is where I think traders want to take it up to despite any news.

Cable Update (GBPUSD)

As I did my best to explain above, a fake in my understanding is an adverse price movement against the run of play, which is designed to take out stops. If anyone out there would like to explain just how and why this happens, I'd be most obliged, ...

The fake - King of entry opportunities!

Yeah, sussed it!

The fake - King of entry opportunities!

image image fingers crossed!

The fake - King of entry opportunities!

[quote=numbnuts; "We need to be ultra cautious with risk but at the same time be bold and aggressive when the market dictates." In a nutshell!

Trading styles, are you the hunter or the hunted?