Cable Update (GBPUSD)
ehh same old sh*t.......I just put them on the FF all-star list.....i think ive got almost 400 in there now. Sometimes when I view a page, no posts show up lol
Ok, thanks. I wasn't entirely sure if a fourth day might mean something else.
I agree about it's reliability. There was a textbook 3 crow formation on the euro weekly at the former swing high at 1.60. We all saw how that paid off brilliantly.
you missed out 5380
but aye on the 5550 for the ltl on the D1. Marked, tho judging by the bearish formation it does seem like that would be swept away.
just a quick one though... how do you determine that these are such key areas?
cheers
Support & resistance levels. Mark them from your W1 & the D1. These levels are the strongest & price will almost all the time react when it reaches those levels. Be sure to mark them on different colours so that you know which is which.
I know it sounds ridiculously easy. But it is, people just like to put shit on their charts & overcomplicate things which are not.
Have a good one
p/s: btw, 170 is really great work brother
lol mine's almost the same. 400 is a bit extreme tho
hey bro, the grand cross. who would've thunk
Maybe we should try throwing darts now like that muppet pip daddy suggested
hey bro how things going? I missed the great fall both here and with eur/usd, now looking for a good place to enter - luckily shorted cfh/jpy for cool 170 pips so not too pissed LOL
just a quick one though... how do you determine that these are such key areas?
cheers
Support & resistance levels. Mark them from your W1 & the D1. These levels are the strongest & price will almost all the time react when it reaches those levels. Be sure to mark them on different colours so that you know which is which.
I know it sounds ridiculously easy. But it is, people just like to put shit on their charts & overcomplicate things which are not.
Have a good one
p/s: btw, 170 is really great work brother
If you use 1h/4h/daily /weekly, focus on the fibs level of last swing. (23.6/38.6/50/61.8/78.6).
Also, multiple candle closing at "same" level (wick or body) show obvious zone of support or resistance.
(Exemple for wick close: tweezer at 1.5708 - 4h TF GU now. Exemple for body close @ 1.5786 GU now).
As, a high or a low broken (support, resistance) will offer support or resistance at return but on reverse side.
(Exemple 1.5459 Gu now).
Higher Time Frame have more accuracy/probabilty call.
Hope this...
thanks bro! I tend to use actionforex for my pivots.. theyre a little out in terms of weekly and monthly to those above.. do you calculate yours yourself or get from a website?
and forexlion... we reckon cable's gonna hit 170... what your thoughts? LOL
sounds that way you just gotta love him
1.7 !!! is that just 1st tp or are you going to leave 2/.3 of the move up behind ???.. thinking 2.000 here .. lol
so when forexlion asked 170?? thought I'd try pull the tail.. but you bit instead hey bro nah better set this straight before it gets out of hand.... LOL
I was teasing forexlion but the bait wasnt taken... 170 was questioned and actually it was relation to me shorting chf/jpy for 170 pips...
anyway I still see this going down for near future... just looking for good entry to get in on the fun
PS: how you been?
of course I was joking .. did you not see my 1.7 comment earlier ?
looking for up move into 1.5680 tp 1..5720 max , then sell for move down into 5530 ish
