I have been doing so for the past ten years but no more... Ha, would you look at that, it just tested the bull support, will they take it out is the question.

Cable Update (GBPUSD)

Actually I have asked the same question a million times and never yet found an adequate answer as to why price makes these levels, who controls it to stop exactly as it does. With millions of traders all over the world I find this rather remarkable. ...

Cable Update (GBPUSD)

That is correct because price will zig-zag its way to the target so the stops have to be put in the correct place to avoid being taken out, in this case below the bull support. The later we get in the trade the less profit, the wider the stop so we ...

Cable Update (GBPUSD)

Don't worry about it Bones it takes most people years to learn this stuff even when I teach them live, which I don't do anymore. On the chart below you see the Bears found support (red) on the left... This is where the bulls failed to recross the ...

Cable Update (GBPUSD)

Resistance... This is just the opposite side of a support. So price FINDS support but MEETS resistance on the way back On the 1 minute chart I showed earlier the bear supports were overcome so any resistance was taken out by the bulls. With the 1 ...

Cable Update (GBPUSD)

No bear support... there you go it is broken back to longs again maybe Oh sorry it was broken ages ago while I was playing out in the garden

Cable Update (GBPUSD)

I'm not sure now because the 1 hour rejected the 3257 bear support and the 1 minute is trying for bear support also. To me this is a wait until bear support is broken

Cable Update (GBPUSD)

Now when we look at the chart and THINK the trade we see bears making lower lows and the EMA moving down so we THINK bearish. The market is a past master in forming traps like these...the powers that be want people to short.

Cable Update (GBPUSD)

Gee now you have moved onto the weekly.... I deal with the 1 minute, small fish not... Here was my trades (roughly) Entries made on the closing breaks of the bull supports ( the bears are not letting the bulls get started.) The two blue ...

Cable Update (GBPUSD)

I can't find the reason for your trade it seems you took it very late... however be lucky

Cable Update (GBPUSD)

This is the wrong thing to do...do not think trades

Cable Update (GBPUSD)

Well that's me done for the day... got three trades on and easily got my TP. Bones I don't see the daily as an issue at all yet because neither the bulls nor the bears have support there yet. The last support on the highest time frame was on the 4 ...

Cable Update (GBPUSD)

I wouldn't be too sure if I were you... I am definitely not looking at the charts in a similar way. 1) I don't use trend lines... if it was this easy we would all be rich. 2) I don't use fibs because that is what they are i.e. fibs. 3) I have ...

Cable Update (GBPUSD)

Well we are trading off bullish supports now all the way to the 4 hour chart... Be interesting to see later down the track if it can establish support on the daily which would then be a threat to the monthly.

Cable Update (GBPUSD)

Oh my goodness I am so excited I nearly wet myself... but what does it mean? If that was super respected then the daily one must be super duper...

Cable Update (GBPUSD)

I haven't got a clue what this all means or the reasoning behind it.

Cable Update (GBPUSD)

To me the bulls are totally in control of this pair. They know how to waste time. The lower time frames are working off bullish support up to the hour... however the 4 hour chart has yet to find support above its average. Only then will the daily ...

Cable Update (GBPUSD)

What you having trouble with your 'joining ups' Try using bendy lines

Cable Update (GBPUSD)

A lot bloody higher Why trade of a potential resistance and not off the actual supports is beyond me.

Cable Update (GBPUSD)

To me fundamentals are like traffic lights on a highway. Green and the flow continues, red and there is a halt to the flow of traffic. The traffic will continue on to its ultimate destination no matter what the fundamentals are interpreted as. It is ...

Cable Update (GBPUSD)