@giveachance: 1.7050 - Options barrier 1.7045 - Enter short 1.7041 - 2009 High 1.7040 - offers pending 1.7030 - offers filled Enter short at 1.7045 and hold to 1.6900 Upon reaching, not at, but upon reaching 1.6900 re-evaluate, whether to continue ...

Cable Update (GBPUSD)

PART TWO OF FIRST POST ABOVE Bones then posts: image JimmyC then posts: image image image Note progression 1.68 is psychological level... If broken (definitively) -> 1.7 follow in the months ahead... So for the intraday guys, sure there is a ...

Cable Update (GBPUSD)

Good Morning Forex Factory Member and Guests: It's Mother's Day Today, so make sure you make that call or do something special. @albchr: What you are describing is called Fibonacci Convergences. The method I was describing with the fib exercise is ...

Cable Update (GBPUSD)

I'm going to teach you a little trick when trading the GBP/USD if you want to counter trend trade. Everytime the GBP/USD hits it D extension ONLY on the Daily 98% of the time it ALWAYS returns to the .0382 98% of the TIME HDA OUT I'm Getting OLD ...

Cable Update (GBPUSD)

Good Morning Forex Factory Members and Guests I am dead dead tired, I am getting too old to stay up late like I did. Traders. As the market moves it ways UP and it waves DOWN for those of you that remember the RED AB swing last night GBP/USD 1.68655 ...

Cable Update (GBPUSD)

@Carllicus: You're Welcome HDA OUT

Cable Update (GBPUSD)

@Carlicus: Once an Options Barrier is breached, even by a pip, that level is no longer valid. So we have to wait and see what happens and yes, the market wants to fill those bid at 1.6900 to move for 1.7043 hence my Take Profit at 1.7000 HDA OUT ...

Cable Update (GBPUSD)

@Carlicus: When trading fibs - we must always trade the most recent AB - looking for the C to go to the D extension. So we are now looking for the C on the RED AB swing. What do we know? FACTS 1.7000 Options Barrier 1.6900 Large Bids 1.6880 Stong ...

Cable Update (GBPUSD)

@Carlicus: Put in a very THICK horizontal line showing the 2009 HIGH 1.7043 Now what do we know. Every D extension has been HIT to the PIP on all the previous FIB colours as we are moving to the GREEN D Would you agree so far? I only trade FACTS - I ...

Cable Update (GBPUSD)

@Carlicus: Very Very Very Very Good We just have two last things to do and then We start explaining. Step 4: Please draw the fibs from A - 1.66591 to B - 1.69966 The .382 is 1.68655 The .50 is 1.68278 The .618 is 1.67859 Please tell me the D ...

Cable Update (GBPUSD)

@Carlicus: The D extensions are correct, but your retracement levels looks upside down. What I will do then, when explaining is, instead of using fib retracement levels, I will just say letters. So I will adjust my teaching, based on how your fibs ...

Cable Update (GBPUSD)

@Carlicus: You have gone a drawn the fibs again the opposite way. Please draw the fibs how I instructed you to do it and post again Please. HDA OUT

Cable Update (GBPUSD)

@Carlicus: You are correct. My style of teaching is to tell you that you have done the right thing incorrectly, to get you to double check yourself to be certain. You have left off the GREEN fibs from the first exercise. Your chart should be showing ...

Cable Update (GBPUSD)

@Carlicus: No that's wrong Pull the fibs just like you did for the first exercise. Read the instructions again Please draw a new set of fibs from A - 1.64601 to B - 1.66843 and then tell me what is the C and the fib retrace level and then tell me ...

Cable Update (GBPUSD)

@elbert3: LoL! You are something else I'll never forget you. You spoke from my heart just now - Thank you HDA OUT

Cable Update (GBPUSD)

@Carlicus: No problem - I am very very patient, so no problem Ok! Step two: Leave the fibs you have drawn on the chart and make the colour of your fibs GREEN, just for this exercise. After you have done that, Please draw a new set of fibs from A ...

Cable Update (GBPUSD)

@Bones: My only suggestion then Bones, if you are that sure that you are right, please create a trading plan and trade it. Make that money I will also continue to make my money HDA OUT

Cable Update (GBPUSD)

@Carlicus: Correct Now what is the D extension? @albchr: Thank you HDA OUT

Cable Update (GBPUSD)

@Bones: I understand you're post. You have also made many previous post that the GBP/USD is a short when price action was below 1.6840 and we went to 1.6995 All I am saying is, we all see things differently and it doesn't me, I am right and you are ...

Cable Update (GBPUSD)

@Carlicus: You drew your fibs wrong. Please follow the instructions I gave you correctly You drew your fibs from B to C (wrong) instead of from A to B (correct) like I told you to do HDA OUT

Cable Update (GBPUSD)