I use a method of multiple timframe fibonacci lines and channels. In addition, I have experimented with the compression charts to go with my method (thanks to Dr. D and Magix). It is very difficlut to do that with just one screen. Not to mention ...

Cable Update (GBPUSD)

I will be fine, unless my wife kills me first. I am sure I drove her nuts this week. Yeah, I played countertrend at first. Played the gap on Sunday that never filled. Once it broke that 100 fib I knew it was going to hit the 138.2 or 161.8. Monday I ...

Cable Update (GBPUSD)

Well, all things considering, i got over this terrible cold that I had and made a few bucks along with it. I traded from home as I was too sick to drag my ass into my office. It's a bitch trading with only 3 screens (4 if you count my laptop. I ...

Cable Update (GBPUSD)

No, the fact that this has been in an uptrend triggered the spike up. Play the charts. The beauty of strong trends is when it is trending, you don't need to think, just trade what you see.

Cable Update (GBPUSD)

Magix, I think that is a sad looking chart. lol

Cable Update (GBPUSD)

Actually this uptrend makes perfect sense. Look at the monthly chart. We have been going sideways for a long time now. We are in a consolidating traingle (per that chart. to go lower than this means we continue the downtrend and it goes for 2000+ ...

Cable Update (GBPUSD)

I agree with your key level there.

Cable Update (GBPUSD)

Your at the spot of truth here. Breaks here, going up a bit, Doesn't break here, yet another weekly inside candle.

Cable Update (GBPUSD)

You should petition the banks, governments and industrial investors. Get them on your side and you will get your short, real quick. Nothing like putting 1 billion in the market at once on the short side to get it moving your way.

Cable Update (GBPUSD)

Well said... I like your style.

Cable Update (GBPUSD)

What time frame? Depends on the timeframe. Yearly - Sideways Quarterly - Sideways Weekly - Sideways Daily - Downtrend (possible reversal) 4H - uptrend 1H - uptrend and so on, and so on. to the 1M - downtrend tick chart - down trend Most people's ...

Cable Update (GBPUSD)

Wow, Bollinger bands on the Monthly chart. I haven't used those in a long time. While you are correct, we could be consolidating right now where the top and bottom bands will come in to meet by the green. Thus we wouldn't know which way it would go ...

Cable Update (GBPUSD)

Manize, I do tend to agree with you to a point. But if this is truely consolidating, like it has been for almost 3 weeks, may be tough for the bulls to break this spot. Weekly has not brokent this spot in 3 weeks (including right now). I am sure ...

Cable Update (GBPUSD)

How about a hedge. Close the short @ 1.35 and then ride the long up to 1.95.. lol. Personally, I don't like year or 2 long trades, hence why I would hedge.

Cable Update (GBPUSD)

Actually, this is more of an evening Doji Star. We will see if it confirms if this closes in the body of the big white candle. The reason:: look at the weekly chart, at the 100 fibonacci line for the previous 2 weeks. Major resistance here. WIll not ...

Cable Update (GBPUSD)

Actually she is kind of correct. Look at your weekly chart. For three weeks now we have been going sideways. We are at the 100 fib line going back into December. It has not moved from this point. Now I said kind of right because I think she was ...

Cable Update (GBPUSD)

I think that you are safe here. Place your stoploss just above the close of last weeks candle. The weekly chart has shown the G/U pair going sideways for the past three weeks. We are currently at the top of both last weeks, and the 2 week ago ...

Cable Update (GBPUSD)

Originally Posted by eagle12 image No I am not agree I feel it is going down and down towards 1.4800 area in coming days Do you want my routing and account number now to deposit my $1,000,000 or do you want ot wait until close of Friday?

Cable Update (GBPUSD)

I thought that 100 fib was gong to cause some issues for longs..

Cable Update (GBPUSD)

I do tend to agree with you. I placed a short in way back when from the 1M chart do to the time of day and the low volume. I was able to close out at +14 pips but now I will be moving up to the daily, 1H and 15M charts for the remainder of my ...

Cable Update (GBPUSD)