Cable Update (GBPUSD)
{quote} If we follow this logic, where the biggest amount of stops are? 1.6250-1.6300. Because the previous move higher didn't even touch the 1.6250. So even by this logic it should creep higher.
{quote} Yes possibly, but not necessarily. There is also loads of institutional supply above 6250/60 so it doesn't pay to try and catch the big fish that can fight back. Instead they go after the little ones... easier to swallow.
{quote} As well as other side of institutions who are fighting and want those stops to be taken out. They are fighting each other too, so there are no enemies or friends in the market. This argument can go both ways easily
{quote} That all depends on time zone of the broker. My broker's time zone is GMT. I just wanted to make a point that pivots are not all the same. Different time zones also affect candles greater than H1... especially H4 where it is more noticeable. Moving averages and trend lines are also slightly affected but not by enough to make a big difference.
{quote} the day u see a signal service from me, you are entitled to put a gun to my head and shoot me! treat all my posts as an effort to educate you.. don't tell me before yesterday u knew services is 75% of UK gdp..
anyways it normal for people to like people who are like themselves.. birds of feathers flock together!
i don't talk charts, you guys don't like me and 99% of u here are charts..u say these meaningless things, instead of saying "yes that made sense, thank you"
I talk charts & so far you're the only fundie here who view seems to agree with my charts.. {quote} ok, thanks, this is new for me. i use M1, SMA100, MACD and Pivots. until now, itīs working fine
{quote} Ah, ok
