Resistance and support areas only exist in a particular time frame. A perceived resistance could in fact be a support area, if you use a higher or lower time frame. And vice versa for those so-called "support" areas. Always mention the specific time ...

Cable Update (GBPUSD)

Absolutely not, we T.A. technicians simply look at the charts and trade accordingly, from a strictly technical analysis (T.A.) point of view, there is no "if this or that", just an entry point, a stop and an take profit target, that's all there is ...

Cable Update (GBPUSD)

You bet, according to my calculations GBP/USD will take off like a NASA rocket next week! I will explain why later...

Cable Update (GBPUSD)

I am too tired to baby-sit that trade (almost 3 AM in New York). Buy limit order at 1.2330, 35 pip stop, 80 pip take profit. Take care all. And off to bed.

Cable Update (GBPUSD)

No problem, keep up the good work.

Cable Update (GBPUSD)

Nah, our mildly drunk Australian friend is probably having one of these video Alright, let's get back to work...

Cable Update (GBPUSD)

Yes I know my friend, but contrary to popular belief, using different time frames (like the daily charts for trend, the 4 hour for confirmation and the 1h for trade entry) does not necessarily generate better trading signals, far from it. This ...

Cable Update (GBPUSD)

Hahahaha, good one !

Cable Update (GBPUSD)

Will do Elbert3, thanks for the info.

Cable Update (GBPUSD)

The problem with these bigger time frames is that they require a bigger stop. Personally a stop bigger than 50 pips is a no-no for me, no matter how good the trading setup is.

Cable Update (GBPUSD)

There are no F..ed up charts, only good or bad trading decisions. Plus there are 28 currency pairs to choose from, just for the 8 majors (USD EUR JPY GBP AUD CAD CHF NZD).

Cable Update (GBPUSD)

With all due respect Aleksbuk, after watching your videos all you are basically saying (using different time frames and with a few exceptions) is that the cable could go up ...or down. It would be more interesting and informative to hear stuff like ...

Cable Update (GBPUSD)

The cable (and other major currencies) are waiting for the VERY important European Central Bank's decision (due at 7:45 AM EST) and the - always wild - US Jobless Claims report (8:30 AM) to make a move. This should be interesting (meaning fasten ...

Cable Update (GBPUSD)

Ok, so what is your plan then (buy/sell entry point, stop, take profit), if I may ask ?

Cable Update (GBPUSD)

We could both win at the end, since we are obviously trading on different time frames. I am looking for intra-day mini trends while you are swing trading on the daily charts, or so it seems. In any case, good luck, the most important thing is to ...

Cable Update (GBPUSD)

Your trendline is no more valid than mine and vice versa. For each bullish trendline I can show you 10 other equally valid bearish trendlines. There are no mathematical formulas that will allow us to draw the "correct" trendline. Drawing the right ...

Cable Update (GBPUSD)

Ok, so how about this one here (see daily chart below)? Now we have an entirely different (and bearish) scenario...

Cable Update (GBPUSD)

Would you care to elaborate my friend?

Cable Update (GBPUSD)

By the way, did you notice the nice inverted Head and Shoulders on the cable (30-min)? Here we have a clear uptrend (in the short term of course) AND a (bullish) bottom Head and Shoulders formation that says BUY. A pullback to the tilted neckline ...

Cable Update (GBPUSD)

GBP/USD has now broken the 1.2340 resistance level. A breakout during the boring Asian session should always be taken seriously. Let's see now...

Cable Update (GBPUSD)