Honestly I think the choice would just confuse me, price seems to react well to these pivots. My only niggle with IG is that for some reason you can only put daily OR weekly OR monthly pivots on at one time. So I find myself switching between daily ...

Cable Update (GBPUSD)

After doing a little research I believe you're correct in the fact that its fib pivots. However that just seems to be the default on IG, I see no options for the others. Funnily enough I've read davits strategy however from what i understand it ...

Cable Update (GBPUSD)

Hello Moty, just wondering how your pivot points are calculated? Using IG I have the option of (H+L+C)/3 Or (H+L+O)/3, which seem to place in relatively similar positions. The other option is (H+L+C+O)/4, which seems to highlight quite different ...

Cable Update (GBPUSD)

I'd say the previous candle on the 15m chart was the clue not to go long. Perfect continuation candlestick.

Cable Update (GBPUSD)

They just needed to find a nice sell point, looks like the weekly pivot was it. Your tagline proves to be profitable "PATIENCE AND DISCIPLINE!"

Cable Update (GBPUSD)

News was worse than forecast, albeit not by much. The bulls have had their run, time for a big dumping.

Cable Update (GBPUSD)

Question to people using pivots. What formula are you using for calculation? (H+L+C)/3 or (H+L+O)/3 or (H+L+O+C)/4

Cable Update (GBPUSD)

Im really struggling to understand how this can be true, or are you just trolling?

Cable Update (GBPUSD)

Can I ask where you get this information from?

Cable Update (GBPUSD)

To be fair to you, hitting weekly pivot is probably as good a time as any to trade counter to the trend.

Cable Update (GBPUSD)

Yeh I learnt that the hard way, ended up stacking sell orders every 100 pips up til it hit 1.28 then it reversed luckily. Was about to call it quits and close all my trades. Managed to come out with a profit in the end but my losses were at around ...

Cable Update (GBPUSD)

Did the FED money printers run out of ink?

Cable Update (GBPUSD)

Breaking daily S2 is key for bears. Lines up with the double top we saw Apr 14th and Apr 30th. If we break this it will drop like a rock.

Cable Update (GBPUSD)

Big resistances coming up, deffo in for a chance of reversal. Weekly R1 at 12840 and bearish trendline matches up with that.

Cable Update (GBPUSD)

New here so take what I say with a pinch of salt but I believe we will hit at least the weekly pivot this week at 12580. From there it may continue upwards or breakdown to 12500 levels.

Cable Update (GBPUSD)