It means Last Pivot Cross. These are the defining pivots that form the A and B points of a triangle. There are two other types of pivots. They show where the sentiment is changing and the breakout of the subsequent triangle defines the distance i.e. ...

Cable Update (GBPUSD)

This is how I watched it play out...as I said the market was working on the 1 hour chart making it a very slow market taking over 24 hours to make the target. Price action always tells us where it is going and traders will do well to study the ...

Cable Update (GBPUSD)

Ha Ha the breakout failed... IC the market seems to be working on the 1 hour chart so the target still holds

Cable Update (GBPUSD)

Based on a London triangle break it appears to be aiming for 2184 today then finish off the journey to 2056 tomorrow.

Cable Update (GBPUSD)

Hi Guys just back from a couple of days fishing. Happy New Year to all and I certainly hope you all prosper from it. The spread tells me it is still not a good time to trade, high spreads are bank holidays. However looking at my daily chart it looks ...

Cable Update (GBPUSD)

It all depends on how you choose to draw lines

Cable Update (GBPUSD)

If you look at my post 446792 you will see two horizontal black lines... These are the range levels and we are now sitting exactly on the lower one for the past 2.5 hours. I don't have a clue which way this is going to go now because all the targets ...

Cable Update (GBPUSD)

Have a great seasonal break guys... Plenty more trades in the new year. Here on my 30 min chart we see how flat the market is currently trading.

Cable Update (GBPUSD)

You are not wrong..That is why I read this thread for any new notions I may not have considered

Cable Update (GBPUSD)

Notice how support and resistance share a common level. Notice how often an Elliot 5 wave or a Goodman 3 wave happens in context with the move. Notice how a move is cancelled by a break back inside an S & R If we assume this is a zero um market then ...

Cable Update (GBPUSD)

Here on the one hour chart we see exactly the same thing happening and this is 8 days worth of trades. I haven't put them all on because it makes the chart messy and hence difficult to read.

Cable Update (GBPUSD)

Then if we follow the same logic we get the retracement...

Cable Update (GBPUSD)

Thank you very much for putting in all that effort to explain my question. Unfortunately it was 3am for me so I had to go to bed hence the delayed thanks. As you may well know I am not a pattern trader or wave theory trader, I simply ask where is ...

Cable Update (GBPUSD)

Why should it bottom at 1.22 area?

Cable Update (GBPUSD)

Thanks for that laugh it had me in stitches... so funny but true

Cable Update (GBPUSD)

Mmm I can't see anything of value at this point in time.

Cable Update (GBPUSD)

And there we go following up from post 446377

Cable Update (GBPUSD)

Well it is 2:30 am so I am off to bed...G'nite all

Cable Update (GBPUSD)

Look at this perfect hit on the 15 min chart... Money for old rope this is.

Cable Update (GBPUSD)

OK got it and I see you are in the UK,,, This is good because we start at the UK open.

Cable Update (GBPUSD)