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Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
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cable short for gbpusd? 6 replies
DislikedStopped out again this time for a loss of 4.6 pips. I'll quit for a while because this is just stuffing about.Ignored
Disliked{quote} No Sir, I do think yourself and some others have nailed it. Daily/4hr reaction to the line is clear and a retest of the broken support would be good for 3557 area. {image} {image} {image}Ignored
DislikedStopped out again this time for a loss of 4.6 pips. I'll quit for a while because this is just stuffing about.Ignored
DislikedGU intraday on the H4, H1 the trend is down, search short entry. possible diamond pattern on M5. sell stop .3589 sl .3620 target .3539 rr 1.6 good luck! {image}Ignored
Disliked{quote} and now we have inverse HnS in M15 which is contra direction to M5's diamond LOLIgnored
Disliked{quote} Sure thing... I regard support as being a FOUND position. That is to say price crosses the 26EMA (or the same thing with the RSI 50% level) and then fails to get back and close. Hence support has been found for one side or the other. As you can see on the last 1 hour chart I posted the bears found support (level 6) and bulls have just taken it out so it no longer exists as a bear support or bull resistance. In doing this the bulls were unable to establish support for themselves and down it comes. Very rarely do these levels marry up with...Ignored
Disliked{quote} Thanks nala. I'm still quite confused LOL. Will need some time to digest this. Nevertheless, thanks again for the explanation ^^Ignored