It's a big game.
Contrarian All Time Return:
-9.3%
Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
DislikedI would be short GBP/USD at 1.2522 with a short term target of 1.2420Ignored
DislikedPrice moves down to the support line to the point of 1.24212. I suppose that the price reaching this point will go up to the point of 1.25085. {image}Ignored
Disliked{quote} I'm a new trader, do you mind telling me why it's better to go long at the top rather than bottom? Thanks palIgnored
Disliked{quote} Of course NOT. I draw her on Daily and she worked atm even on M5 but its not a trend line. It was only a coincidence..Ignored
Disliked{quote} I'm a new trader, do you mind telling me why it's better to go long at the top rather than bottom? Thanks palIgnored
Disliked{quote} Hi Tekkonkira, Trading double tops (DT) and double bottoms (DB) is tricky. In fact these charts patterns are the least reliable. But if you still want to trade them you should at least wait for confirmation before pulling the trigger, because more than 70% of DT and DB are fake. The confirmation is a breakout of the high between the double bottoms (see picture below) or a breakout of the low between the double tops. An even more conservative way to play them is to wait for the breakout, then the pullback to the breakout line and finally...Ignored