I think when the cable bottoms out, you will know it. Therefore you are not a moron... unless you keep selling when it does bottom out

Cable Update (GBPUSD)

Ha Ha. The morons who pull the strings change the priorities to suit them. What they feed us every day via the mainstream media is designed to fool us all. Actually they're not morons because they still manage to take money out of the pockets of 95% ...

Cable Update (GBPUSD)

As mentioned on Friday... image

Cable Update (GBPUSD)

Too early in my opinion. Wait until at least a test of 6490 area Then again, that's just my opinion.

Cable Update (GBPUSD)

I'm looking much lower than your indicated level. You refer to it as a correction, but what I see is that this upmove is a correction of a bigger downward correction which is targeting 6390 - 6440 area depending on how far up this move goes. ...

Cable Update (GBPUSD)

Yes the USD will definitely strengthen, but not against the Euro and Cable. The USD will strengthen against all the commodity and EM currencies. In fact I expect it to blow them away for a while... maybe till the summer.

Cable Update (GBPUSD)

My point exactly.. Things could change. However, 6390 is looking good for now. Once we get down there, I'll re-evaluate.

EurAnalysis

JPY Weakest USD Weak EUR Strongest GBP Strong

Cable Update (GBPUSD)

Well 1.6390 area is probably the next downside target, but from there I will be looking to buy with my 1.7x target in mind. Of course things could change and I may scrap that plan, but for now that's what it looks like... A big bear trap. ...

EurAnalysis

Cable is for sale in the near term. However, I would be extremely cautious assuming that this meltdown will continue. I have a target of 1.7x for cable and there is no indication that it will not be reached fairly soon. After that, I'll be selling ...

EurAnalysis

Yes that is correct Davit

Cable Update (GBPUSD)

Market profile levels are great, but as you know, price often leaves virgins behind and does not necessarily come back to them. I find that a loose interpretation of EW has been a great help to me in identifying the trend. I identify levels by ...

Cable Update (GBPUSD)

That is very true in a impulse structure, but corrective structures are complex. Also the reversal point comes after 5 waves, not one, and especially not in a correction.

Cable Update (GBPUSD)

First projected area: Orange is a weak sell zone Red is a strong sell zone After Orange/Red zone is tested, next is: Yellow is a weak buy zone Green is a strong Buy zone After that it's a bull stampede to heaven G/U M15 image

Cable Update (GBPUSD)

Cool. I think if you exercise the right amount of patience and cut back a bit on your exposure where you can, you'll come out in great shape.

Cable Update (GBPUSD)

I think you mean Cable will rise slower than Euro.

Cable Update (GBPUSD)

Hi Davit. Yes you do appear to be in a bit of a pickle. Yes 6500 is tough support and we will certainly see a bounce. However, we didn't get a 3 wave move down. We only got one. Therefore we need one more wave up to the 50 of 61.8 fib of the ...

Cable Update (GBPUSD)

Leo, What time frame do you trade?

Cable Update (GBPUSD)

Nahhh. They're just not as noisy as bears

Cable Update (GBPUSD)

Then that "someone else" will be wrong

Cable Update (GBPUSD)