Cable Update (GBPUSD)

Quoting Ill-b-back

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{quote} Who you calling grandad you little fart This talk of 1.2750 from today's low , please, if people can't produce logical charts and reasoning, then at least they should learn to interpret others when it is spelt out for them. Next target is 2399 in case you're wondering...

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Quoting kuroro001

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GU may print new lows. But i'm still inclined in buying dips I'm still waiting. If it prints new lows...we'll have another nice daily bullish divergence, that i'll buy into

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Quoting Theoak

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{quote} Surely MR CARNAGE won’t say anything to de-value the pound anymore today…. Surely. Might have a punt (going against my better judgement as it is CARNAGE) Just common sense…. Surely he won’t!!!!!!! Only a small one its worth the comedy value alone! Don’t do Theoak… Don’t do it!!! Hand off the trigger at the moment!!! Very tempted!!!

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Quoting mbrown

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{quote} Not today grandad, not today! ====================================================== Prediction vs probability; it is all in the sample size. Extreme example: if Price hits a specific level then immediately reverses by 50pips 1 mil times out of 1.1mil since the beginning of data availability, you have a probability rather then a prediction since a prediction has no statistically significant sample to draw conclusions from. Within this context, Ill-b-back is making a prediction and my counter is a probability of the order of 90% which is...

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Quoting Ill-b-back

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{quote} Yes, it's a prediction. I predict we will break today's current low before going to 1.2750. Now, what set of data did you use to conclude a 90% probability that it will hold?? Or was that number just plucked from a very dark place between your legs.

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Quoting mbrown

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{quote} Be careful now...you'll become a pariah on FF by admitting to making a prediction. It is true I haven't had a bath today, but I can assure the number wasn't plucked from the dark place. Data science my friend, data science.

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Quoting mbrown

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{quote} Be careful now...you'll become a pariah on FF by admitting to making a prediction. (even though next to no one has possession of quantifiable evidence of S/R or trend plays). It is true I haven't had a bath today, but I can assure the number wasn't plucked from the dark place. Data science my friend, data science.

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Quoting Ill-b-back

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{quote} Data science. What set of data?? It appears you have run some numbers. What are these numbers you ran? Talk is cheap boy...

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Quoting Theoak

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{quote} Well there is a level at 1.2438 its come up and now rejecting trying a short in at 1.2430 --- try for lows, but might hang on and split the lot!!!

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Quoting mbrown

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{quote} I prefer to remain cheap mi old mucker!!! I can't let this edge hit the airwaves. {image}

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Quoting Ill-b-back

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{quote} Well that I understand, I am of the same frame of mind. Good luck on your 50 pips, I managed a few today based in part on the basics {image}

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Quoting mbrown

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{quote} Old-time trading will always produce returns. Well done!

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Quoting Neil0163

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Looking at Gu down at the min until 1.2350, still in a downtrend with rejection from 0.786 fib

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