Cable Update (GBPUSD)
Of course mate, I know you don't BS
perhaps u are looking to deep into the chart and missing the obvious..like on yur chart on the euro..
yeah.. you never miss eh.. inverted H&S..
this is another example to determine the extension.. the reason i use the next wave as my fibo is because it was the first wave after breakout retest of the inverted H&S..
Ok thx Specs, I undertsand better now, really appreciate it mate
i think u have good ability to read a chart but sometimes m8 i see yur chart and i wanna scream
last week on cable u posted a chart on cable a bullish wedge and price wasnt even in the wedge, yet u wasnt in a sell position but was considering buying..but then later..i saw u sold.
I think your formations are wrong personally..with time im sure u will agree..its like your looking for more complex things..anyway just my worthless 2 cents...
Save your screams nAV.
I never mentioned a bullish wedge last week (please show where I did)
I did however post and mention a descening wedge this week that price had broken out to the downside and mentioned I was waiting for price to break back into it before seriously considering a long.
(I did take a smal speculative long for a small loss and another later for a small win - but these were intraday).
I do have a sell running still from 1.6007, but not adding anymore at this support level
i think u have good ability to read a chart but sometimes m8 i see yur chart and i wanna scream
last week on cable u posted a chart on cable a bullish wedge and price wasnt even in the wedge, yet u wasnt in a sell position but was considering buying..but then later..i saw u sold.
I think your formations are wrong personally..with time im sure u will agree..its like your looking for more complex things..anyway just my worthless 2 cents...
You mentioned last week to the othr weekly bullflag guys that he was curve fitting his chart to suit his bias (ie. not a neat channel forming his flag).
Honestly, I see the same on your chart on the left side reference point at April/may.
This is my view.
keeping it simple
that is exactly my point bro a descending wedge is a bullish wedge
btw this chart is good..it make technical sense, lines are clean and it is very clear what yur thinking and why but sometimes man, its like what the hell
nAV, my small buys were only intraday experiment for retesting the breakout area, not serious ones for major pips.
Just to complete the picture for all you longer t/f junkies - the 1hr.
1hr is showing some signs of strength with a pre-Uk Gdp data H above the last 3 x LH's of it's previous general opa downmtrend....then a strong post data ounce from a LL up to a HH and then a HL. This t/f is rangy - bullish now ?
G/L
More detailed chart (4H). My own interpretration. PA is history. We trade the future (based on our expectations/predictions). Of course, it will change as we see more PA. This is for the coming 1-2 weeks just about upto when Fed meets next. 1.6 could be a good point to short then upto 1.56 (about 400 pips) going into Feb. The Bollinger bands seem over extended as well as the downward diagonal triangle, that could trigger a retrace. It would also be a re-test of the daily that was confirmed broken on Friday. 1.56 going late into Feb also marks the...
) and bounce or over-extend to 1.55 area to (again) avoid people getting onboard. Let's see what next week brings (US GDP figures and FOMC meeting on Wednesday). 
Updated chart from last week. I have not removed the old lines. Just added new ones. The wedge is strong. Not breaking to either side. I was expecting a break below and a sharp reversal from 1.5710 but looks like there's too many buyers sitting there and the big boys won't let you have it. I have closed all my shorts today. Looking to long at 1.5770 for the short term. 1.5860 may be the high we may achieve before another move down. It may take couple of days of ranging to reach there (but I could be totally wrong). I consider anything below that...
