Cable Update (GBPUSD)

Hey, all good, you? How is life? at home? Having xmas lunch party tomorrow, then one weeks holiday to spend some tme with family and friends. I can not wait.

Todays Low 1.2054

December Open 1.2052

So that may be why it didn't go lower today.

With that low broken, 1.2 area has strong merit for a bullish resurgence.

We have a broken TL, but to be honest, an over reliance on TL's while ignoring S/R is a recipe for disaster

Look at my profile too and specially my old Post when you joined in 2008 I was already in 2007 on Forex factory.
And never forget there is always a Master.
Those who says NO never succeed in living a happy life.
That is a fact.
Maybe the Chart was Your Teacher or like me The mistakes I made was my teacher.
But all in all thee us a teacher.
We learned from a Burd how to fly a plane right?
So there is always someone something to learn from.
I saw your profile.
I didnt wanted you to who me your history I just wanted you to know that I think Pips are more important then money.
After all that is what counts in the end % of profit you made end of the month or Year,
Anyways you got angry I am Sorry it was never my intention.
Please let the anger GI we already live in a very stressful situation why not take a minute to clear our mind meditate and let our mind repair it self so we can be ready for next stressful day because Forex is in to 3 Stressful jobs in the World. Google it you will see.
We are among stock traders in line with them.
Anyways
Isn't FF is all about sharing ideas and Analysis and your thoughts?
I mentioned in my early posts the minute we start thinking we learned it all that is the time we start loosing we may not realize it, but everyone does in time...
And bloody hell it does happen slowly that sometimes we don't even realize until its too late.
I had lost a lot when I started but trust me I learned a lot.

In my opinion only the Charts are the Masters here.
We are only students nothing else.
At least I am..
. And about Quotes i like them i read a lot when i trade some traders listen to music etc but i Read this is the reason behind my Quotes.
quotes are there to remember us that there is more to life then just Forex or Money.
And again sorry but...
. here it comes
The True mark or Maturity is when,
Somebody hurts you and you try to understand their Situation Instead of Hurting the Back....
Good luck Mate.
Wish you all the best.
Regards,
Muhammad.

The bulls are stronger than i was think. Crossed 2 levels above.

buy - 1.2084

stop loss - 1.2065

USD is not performing well today

Ooof every time someone get a couple of good days in trading they start giving out advice why is it like this, anyone any ideas?

pivot daily - 1.2124

How dd you know Trendline wont hold?

What did you look at

trade closed - 1.2108

Your trades are very nice sir.

Thank you,

G/M, early for me just before going to bed lol! A bearish dly candle y/day with same 138pip range as Monday's dly candle. Y/day's 2055 lo found support in that prev 4hr sw hi zone = prev res = pot supp, that extends down to circa 2015, this after the 1hr range/4hr consolidation that had developed a downside bias, broke again to the downside. Price has since retraced back to the bottom of that range/consolidation, where it is currently challenging the 4hr part of a prev 1hr/4hr sw lo zone = prev supp = pot sbr.

4hr below

I follow my analysis, sometimes i'm wrong too. Look, few more above will be the point for sell, just needs wait the market to confirm.

My VAP method, shows me that sellers ought to be at 1.21443

...should that 4hr part of the prev 1hr/4hr sw lo zone = potential sbr (discussed in my post above) break to the upside, 1hr chart below shows the extent of that range that price would be going back into and the other potential res factors up to the next prev 1hr/4hr sw hi =zone = prev res = pot res that extends up to 2193.

1hr below
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Hi, that's interesting because 2144 is at the bottom of a previous fractal swing hi on 1hr that extends to 2164 so yeh, supply could emerge in that pot res zone if it tested? (See my 1hr chart above - it is the next solid light blue zone above the current price on that chart.)
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Downside fibs (of significant swing lo's from and including 0327 up to 2445 swing hi moves)
2085 23.6% dly
2025 76.4% dly
2022 38.2% dly
1977 85.4% dly
1945 38.2% dly
1944 23.6% dly
1913 38.2% dly
1889 50% dly
1862 38.2% dly
1793 50% dly