As long as the government gets to collect taxes from something, they will endorse it.

The Club!

Carney stresses Bank of England in no rush on rate hikes url

Cable Update (GBPUSD)

Now do you see the benefit of taking half?

EurAnalysis

Just use some weed killer. image

The Club!

Cheers comrade

The Club!

Ha Ha That's a lot of shoes.

The Club!

On days like these I have scrambled eggs for breakfast because they make more sense than the charts. image

The Club!

Aha. My mad Russian friend. Would you like to translate that video? All I need is a snapshot of the Euro and Cable charts with a brief description of what Vozniy is saying about them. I don't need 20 pairs.

The Club!

You also. Cheers.

Cable Update (GBPUSD)

Yes H1 and below is unaffected. However, pivots use data from the daily candle, so beware of that.

Cable Update (GBPUSD)

No not on H1. I was watching H4. Point taken

Cable Update (GBPUSD)

I would like to watch the video, but I do not understand Russian

The Club!

Yes of course. I just feel that the easier prey always gets attacked first and I believe we saw a perfect example of that this morning.

Cable Update (GBPUSD)

That all depends on time zone of the broker. My broker's time zone is GMT. I just wanted to make a point that pivots are not all the same. Different time zones also affect candles greater than H1... especially H4 where it is more noticeable. Moving ...

Cable Update (GBPUSD)

Yes possibly, but not necessarily. There is also loads of institutional supply above 6250/60 so it doesn't pay to try and catch the big fish that can fight back. Instead they go after the little ones... easier to swallow. Pick your enemies ...

Cable Update (GBPUSD)

Where is your pivot today? I have daily at 1.61788 and weekly very close by at 1.61762

Cable Update (GBPUSD)

That was a fair argument, but you are a bit misguided. I am not biased. I am only working the probabilities. When I look at the retail crowd positioning in the markets, I see that the majority are short with stops above current price levels. So ...

Cable Update (GBPUSD)

Oh you're no angel either, but no... I was referring to the general degradation of this thread in the last few weeks.

Cable Update (GBPUSD)

Yes and it looks like the Nikkei is getting burned badly. Nikkei 225 M15 image

The Club!

Major failure at today's highs on both Euro and Cable. USD back on a bid tone. I guess the stop hunters had their fill for now.

Cable Update (GBPUSD)