Cable Update (GBPUSD)

maybe 1.2135 will be the target.

This time Is real or not for long dear after you give so many wrong call In the past 6 month with this pair ? or price still laterized ?

Now i with you all .
Short it like you just don't care

Hello

Should i maintain this positions ?

no, is not! Pound still have a range. If will be fixing inside the range, more probably price will go to the top of this range.

Time to short again, fakeout.

Then could you tell us what the range is please ???

Drop pound , drop

Stopped at BE + 2. Ok.

I am putting a lot of ideas on sentiment. Very important i think.
Right now GBPUSD sentiment is 75% long.. Feels like more this thing goes down more the people want to go long.
Maybe another spike up to get more buyers and please them a bit and then down.

You got that right my friend, the banks will go were they can do the most damage to us poor retail traders.

big institutions buy and sell on VALUE.
its hard to hear, but they really dont give a shit about you or me.

It comes through loud and clear for me my friend

probably the spike will get covred.

Kinda sucks.. but what you gonna do

yes you experience it, but they dont care what you do or how yo utrade.
They dont spend even a second of attention on you.
Youre just not important enough to them.
Its peanuts compared to the amount they play with.

GBP/USD reached 1.1960 level, under the 1.2000 psychological support. The current bearish trend channel has a space for further declining to 1.1500 (Oct, 2016 minimum). The resistance levels breaching at MA25(1.2080) will be a signal for bulls with target at 1.2300 area (MA55) and further 1.2500.

Here one of the good post from SD Trader

For a zone to remain fresh and highly reliable, price should return to it as soon as possible because it is a sign that banks are still wanting to place the remaining positions of their trade at similar prices. A good zone should net let the price break through it at all as banks don’t want their trades going into a loss. If price breaks through, it is a good sign that the market movers are not interested in the zone anymore because all the positions they placed at the zone have already been closed. A lot of people will say that the longer the “fresh” zone has been around, the stronger it becomes. This is simply not true, and as a result, a lot of people have lost trades thinking this way as price just blows right through the zone. Triggering their order, and eventually hitting their stop not long after. The only time an old, untouched zone will cause a reversal is if the zone is within a valid fresh zone on a higher timeframe.

I trade zones if price returns within:
5 min TF = 2 hours of zone creation
15- 30 min TF = 6-8 hours of zone creation
1 Hour TF = 24 hours of zone creation
Daily TF = 1 month of zone creation
Weekly TF = 1 year of zone creation

Like to see 2130 area

price slip consistently below pivot past few day.