Cable Update (GBPUSD)
Possible pinbar in 4 hours. Targetting support around 1.5884 ?
Wait for the bar to close otherwise you are just speculating. Also pinbars can mean two things, rejection or consumption.
Nothing wrong with your targeting support at 1.5884 although we do have Wormie's 'The dip towards 5910 earlier was dead on the W1 pivot resistance, now turned support.' to contend with.
Otherwise a good solid post with your own analysis
I am not a great fan of the h4 chart because different brokers have different open/close of h4 bars.
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That's their problem, not mine. Maybe if they learned how to trade properly rather than thinking trading is a get-rich-quick-scheme, there might not be so many dead people. No doubt they will refund their accounts without really understanding why they lost all their money in the first place. It is a ruthless game, a game where the money is transferred from the weak players to the strong players because it is a zero sum game. I have no problem with that and let them keep coming. We need these people to bring in fresh liquidity into the markets so...
Damn how big the title came out 2 be.....
Donīt get me wrong,, I said it is a zero sum game,, but including everyone (people, pension/hedge funds, all businesses in the world etc), not between traders,, same as every kind of trade out there... ie you buy apples cheaper sell them higher,, and the one who pays for your profit is the last consumer of apple/currency, people/businesses,, so the zero sum game doesnīt mean if one trader makes a profit another trader has to lose,,,
good stuff bro!!..
My dear old friend
1-First one give me V+
2-First one made me Interested to trade G/U
Hope all good with u And your family
all good brother!! ..hope all is good for u as well..u have become awesome trader! close position (long) before news..
