DislikedSteelhead, I appreciate your posts but I also appreciate Jamie as a fantastic trader. He has brought quite a bit of essentials to the table when it comes to potential trade possibilities. He's been around for a while, and I've seen him post some good info and some great charts along with it.
Steelhead, I understand your points on the potential profit that could have been made from those retraces. I think they are good points IF one were to follow the right technicals in order to trade the signals.
Guys, let's not get a flame war going, and get back to talking about the market and understanding it. Our job is stressing enough at times without the bashing of each other. Good luck to every one of you in your trades.
Based on the technicals at the moment, I wouldn't touch the gbp/usd unless I were already in a position. The weeklies and dailies have been showing solid bearishness for some time now and nothing on the technicals is showing a letup for me.
Have a great weekend everyone.Ignored
Just digging in the trenches like everyone else!