Yes I use them too (25%, 50%, 75%) but the most important Fib is the 50%. At that point sellers and buyers are in equilibrium. It is a major pivot point because a price rejection at that level has serious bullish or bearish implications, depending ...

Cable Update (GBPUSD)

Where is your track record?

Most traders fail because of no discipline!

Bought GBP/JPY 144.50, 35 pip stop. Let's do it again.

Cable Update (GBPUSD)

Double price rejection at the 50% Fibonacci level (red horizontal line) for the GBP/AUD (15-min). Looking to go short at the right time...

Cable Update (GBPUSD)

Well good for you, glad to hear that.

Most traders fail because of no discipline!

Yes the AUD/JPY is behaving very nicely, nice trend and short-lived pullbacks. However, the intra-day range is usually small on that pair.

Cable Update (GBPUSD)

If you truly want to help use your (future) billions to build and maintain large shelters for the homeless in your home town. Then go to the next town and do the same thing. That alone should keep you busy for years.

Most traders fail because of no discipline!

Well done Double 0 Seven! Time for a cold one I guess, shaken not stirred. With the olive, of course

Cable Update (GBPUSD)

Hi Hanover, Trading around the news has little to do with the so-called fundamentals "analysis" ("analysis", yeah right). Some traders do profit consistently simply by placing momentum trades after the news releases, but let me tell you that they ...

Most traders fail because of no discipline!

Good man. The Yen is really on fire, it made a 175 pip move in less than 24h, with virtually no pullback. I am waiting for a pullback to 144.50 to buy some more GBP/JPY.

Cable Update (GBPUSD)

Thanks Nala66. But I am still not done with this traitor, he still owes me the interest. Any open position at the moment?

Cable Update (GBPUSD)

Now looking to short GBP/USD at 1.2625, target is 75 pips.

Cable Update (GBPUSD)

Out at 144.60, +30 pips.

Cable Update (GBPUSD)

Yes I know, but we can also use the price action of the GBP/USD to trade its crosses, like GBP/JPY, no? Another point: There are almost 500,000 posts on this thread, count how many of them are not cable-related, not even remotely. And when you are ...

Cable Update (GBPUSD)

No I totally agree with you, it is a smart move: the trend is down and waiting for a pullback before shorting is a good decision. Good luck too and welcome to this thread.

Cable Update (GBPUSD)

See what I mean Don, NOW the Yen is moving (in my favor I might add), look at the chart. For some reasons the Yen reacts slowly to news reports, I have no idea why.

Cable Update (GBPUSD)

In other words you expect the cable to go down after the pullback.

Cable Update (GBPUSD)

At that rate it will take less than 9 years to pocket 1 TRILLION dollars (or euros), assuming you can find a broker who has that kind of money to take the other side of your trades. Hilarious, this is pure Seinfeld's material.

Most traders fail because of no discipline!

Hahahahaha, now I get it. WolGod, call Buffet or Soros immediately, they will be thrilled to hear your story.

Most traders fail because of no discipline!

No I am talking about Yen related financial reports, and to some extent Australian and Chinese news. In almost all these cases, you see almost no immediate reaction on the USD/JPY. But then, 15 or 30 minutes later, things start to change and the Yen ...

Cable Update (GBPUSD)