Crackin trade

Cable Update (GBPUSD)

You are both very defensive hope I didn't hit a nerve. I'm looking out for the newbie guys on this forum and I'm good at spotting patterns of behaviour. Have you started your new thread yet or your trade explorer?

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My prediction for forex over the coming months..... Magix and Deanstar1 will have a system to sell for a small monthly subscription fee

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and writing 15,500 posts of utter bollocks is.....

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I get the impression Magix has blown his trading account with all his anger issues and strange outbursts. These negative emotions will do you no good in the world of trading.

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Historically this is the strongest level of support you can find. I would be very surprised if this is broken without another USD interest rate rise.

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I disagree I think there is goin to be an exit. The majority of the working classes (where I live) are voting out that's for sure. 2/3 of business leaders want out. Half the Tory party want out. There is huge scare mongering in the press going on to ...

Cable Update (GBPUSD)

To me that pin bar behaved perfectly. The pattern was broken as expected. I have done several years of forward analysis that includes trading pin bars. 79% of pinbars end up as bust patterns. It is far more profitably trading against the normal ...

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That brief spike upwards from 1.39 will be people profit taking on Friday. Expect some further downside.

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[quote=Techanalyst;8771798]

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This thread has made interesting reading over the last few days. How 90% of people have been advocating longs in an ultra bearish market is crazy.

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Slow day, order hit Short @ 5308 Target @ 5233

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What we gain from the last few pages is no one has a clue what the fundamentals hold

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170 - 171 is a very strong yearly S/R area. This is the obvious next target for bulls.

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Think its the other way round. The US wants to undervalue their currency rather than Britain wanting a strong pound.

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A quick thought for people. I swapped from my original bear position to bull this week in my trading, I took an initial loss and accepted I was wrong. I swapped to long and made money, I don't care if people poke fun of my initial bearish analysis, ...

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Closed all my longs just now at 16715. May be a bit early closing but taking the money now and not give in to greed

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My 2 shorts stopped out at 1.6485 earlier this week. The 16450 area had no bearish reaction as I thought. The failed pin setup was invalid. The Herd sentiment is now approx 80/20 short, a big shift going into short positions. In my view this is the ...

Cable Update (GBPUSD)

My outlook is bearish still. I have 16405 filled and pending order at 16445. Weekly chart I am planning to play the failed pin setup. 16450 area Daily chart Again 16450 is a key area. If you are into this sort of thing there are trendlines, S/R, ...

Cable Update (GBPUSD)

Moved stop to B/E, see what happens US session.

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