Cable Update (GBPUSD)
{quote} Another sad marxist comment Zebi.....let it go and just post trading analysis and related analysis Your the only one here who with your post has to say something about the marxists you support, just about every single post you keep banging on about it. It's known as anal fixation....
{quote} Pretty sure the democratic conventions are happening now. The big difference is that the Republicans are falling in line to support Trump while the Democrats are fighting about whether Biden is competent enough to get through another 4 years. The public has the same questions about Biden! The US$ strength is about inflation not taxes right now, although tax increases under Republicans are less likely, especially if they end support for the Ukraine Russia war!
{quote} Do you have any actual proof of market overbought and oversold condition? It seems more like "trust me bro" mentality by it's DEFINITION.
{quote} S&P 500 max out for wave 5...now we wait for exuberance.{image} 2 trades so far...{image}
Waller to the rescue.
{quote} Coreg, hate to break it to you but Fibonacci is hardly scientific. It is true that Fibonacci sequence sometimes appear in nature but its usefulness is subjective and unproven. Honestly these "ratios" that you use and "seems" to work are pretty close to Gaussian(normal) distribution...lol aka golden ration 61.8 and 68% Gaussian which explain why statisticians use it. Fibonacci is psychological pattern and that's all that is.
and that's what matters to me.
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