Oh I never said your levels were wrong, it's just whenever I heard 'pivot', I assume classical pivot points. My mistake. I will probably miss that entry though since I will be in bed

Cable Update (GBPUSD)

Took 40 of that from 4190! Too uncertain for me because if it bounces, it may be a hard one.

Cable Update (GBPUSD)

I would prefer a long from 1.4020/50 or a short on a break. Its a win win if you let price first show you which way to go.

Cable Update (GBPUSD)

Slight correction ... I am not long here. Although 4190 is a pivot, there is support in the 4160 area and in my experience with pivots, the pivot is ignored and the resistance/support is where to look for a trade. I will only be bullish longer term ...

Cable Update (GBPUSD)

This is the run from 1.4050 to ~1.5000. Look how the pivots (solid lines) and mid levels (dotted lines) are respected. Not always, but a large percentage of the time. Price may rally to and stall, pull back and then continue on from these levels. ...

Cable Update (GBPUSD)

I trade between pivot levels yes. Last week, I made just above 400 pips using this approach. I will post a chart to show you.

Cable Update (GBPUSD)

Back on feb 2 yes, and it was a very profitable trade for me.

Cable Update (GBPUSD)

Her 'pivot' is just a support level, which I am sure most of us are already well aware of, that she hopes price will bounce, and I hope so too because given a reason I will long there, but also short a break. The pivots on my chart are obtained ...

Cable Update (GBPUSD)

1.4190 seems pretty legit to me...

Cable Update (GBPUSD)

The forex world as I see it. 21 EMA capping price upside for now.

Cable Update (GBPUSD)

The weekly M3 pivot point is at 1.4185 .. So we have some nice support in that area.

Cable Update (GBPUSD)

In case others may not know, the Daily S1 pivot is 1.4190, the area in which we bounced.

Cable Update (GBPUSD)

I would be looking to buy counter tred there as well however if price does not make a higher high and higher low off of this level, we are still bearish and a break of that level would still be possible

Cable Update (GBPUSD)

The euro already tanked tonight about 100 pips...

Cable Update (GBPUSD)

Of course .. and price action in the index that suggests a reversal at that level would negate alot of bearishness for G/U and then we (I) could justify looking to buy

Cable Update (GBPUSD)

...which is USD strength no? I'm a G/U bear and I am looking for a break of the H4 head and shoulder pattern ...

Cable Update (GBPUSD)

Dollar Index for everyone...88.43 is the level to watch

Cable Update (GBPUSD)

Looks like alot of us are thinking of a short in this area .. let's be smart with it.

Cable Update (GBPUSD)

I would say between 1.4345 (Daily pivot) and 1.4375 (50% of recent drop) would be an ideal place for a short .. Hopefully we are around this area into London open

Cable Update (GBPUSD)

Why would you short at 4255? Why not find a reason to do so higher up? Maybe even right now because we are at a small area of resistance, put in a stop about 20 pips away, or whatever you are comfortable with .. The 1 minute is diverging at this ...

Cable Update (GBPUSD)