if we close today above 1.21117, then 1.23 is next
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedOnce 1.2090 breaks then more downside. In that case 1.2071 - 1.2085 - 1.2091 will act as resistance.Ignored
Disliked{quote} I appreciate it, I honestly do, but no one can help with how to identify the "high as possible" simply because no one knows. The phenomena of seeing patterns where none exist is called Apophenia. I think it's incredibly prevalent amongst traders. In fact the article below is about the discovery that people susceptible to apophenia, are also people susceptible to "pseudo-profound bullshit". Which probably explains why so many fall for the bullshit trading channels on YouTube. People...Ignored
Disliked{quote} Behind every dark cloud is a silver lining. When price broke through 1.1900 I truly thought that we were going into a short cycle. 1.19300 had me confuzzed and I started making stupid mistakes. Right now I truly believe that the down move was fake. It has been a terrible week for me trading wise but the silver lining is that my overall long term positions are strengthening. I take solace in that. Have a great weekend. Cheers. {image}Ignored
Disliked{quote} A solid break above 1.22500 this week sets the tone for 1.25000 (Yellow highlighted area) which is a realistic target for the first quarter of this year. Green pips, Cheers. {image}Ignored
Disliked{quote} I'm out too i was supposed to take profit 3 times before I occasionally try to use this channel, but I always lose with it in the end, mainly due to the fact that I am not satisfied with trading with the trend, but also try to trade against it, which is very dangerous, at the moment there is a bearish trend in the short term, so I only take short trades when a red arrow appears, and do not try to trade a counter {image}Ignored
Disliked{quote} I have some shorts in from Friday. Personally will be monitoring these areas. {image}Ignored
DislikedUSD/JPY Short... target the wick bottom for now. (Exploratory trade, probably a market maker testing the market to see how low buyers are), 134.8 - 134.5 on the extreme side, then some sideways action before going north. Looking like a possibly dovishfed report, but let's see what the next couple of weeks bring. For now IMO DXY has a small pullback then finishes the uptrend that will then give us 7-10 days of bearish then sideways movement. Wed March 15th I switch back to bullish if my previous call downward pans out. lets see {image}Ignored