All this talk of larger time frames I have looked at my Monthly Chart which I do not tend to study in any great detail. Once again the fibs have left me amazed. I plotted my major red channel. I had to put the lower line from the very bottom candle ...

Cable Update (GBPUSD)

Thanks for advice I do flick beteen time frames just fine tune on 5min my H1 screen shot was posted yesturday

Cable Update (GBPUSD)

I have developing a trading style with channels and fibs and have been totally won over by them. You say the market can not be predicted but how do you explain the following. Yesterday 1) By about 10am I got my red channel from my 4 hr chart tweaked ...

Cable Update (GBPUSD)

Hi I think its ready to stop.I would look for longs until the break of fib 1.9750 (as below) which happens to be about the recent swing low . I would prefer to go long just off long term gold up trend line from April 06 to say Fibo 1.9974 with stop ...

Cable Update (GBPUSD)

I would not short yet — Hi Designer 1 I know what it feels like to loose but had a I good day today. I sold from the 2.0090 area for 100 pips.Wish I had stayed short longer though. On the Weekly I make the next move up unless lower trend line ...

Cable Update (GBPUSD)

Yes it was a test of the fibo but it was the 61.8 retracement of the drop from 28 Nov 2.0832 to 6 Dec 2.0177 I think you are drawing your retracement Fibo the wrong way round ? There is also a bearish trendline from the 2.1162 top at the same point ...

Cable Update (GBPUSD)

Your summary — Tim that look like a copy and paste from Thomson.com

Cable Update (GBPUSD)