GBP/USD Trading

[AshFX]

Talk about & discuss current GBP/USD setups, charts, analysis here...

[AshFX]

Take a look at Cable on H1 chart right now. Perfect Fib retracement on the 38.2 level before heading south, then jumping off the 23.6 level.

Lets see how far this retraces...

[Shiva]

Hi Ash, thats a nice chart. Though I am reasonably experienced as a trader now, fibs are what beat me. Can you recommend any resource to understand the basics?

[carryontrading]

Originally Posted by Shiva

Hi Ash, thats a nice chart. Though I am reasonably experienced as a trader now, fibs are what beat me. Can you recommend any resource to understand the basics?

How can you call youself 'experienced as a trader', when you don't understand fibs???

[AshFX]

Originally Posted by Shiva

Hi Ash, thats a nice chart. Though I am reasonably experienced as a trader now, fibs are what beat me. Can you recommend any resource to understand the basics?

http://www.forexfibonacci.com/

[Poocher]

Originally Posted by carryontrading

How can you call youself 'experienced as a trader', when you don't understand fibs???

A master marble sculptor might want to learn to paint and not know how but is still an experienced artist.

There's people making a lot of money trading who don't use or know about fibs.

[AshFX]

Originally Posted by Poocher

A master marble sculptor might want to learn to paint and not know how but is still an experienced artist.

There's people making a lot of money trading who don't use or know about fibs.

Lol, good analogy!

[AshFX]

Beautiful bounce off the 38.2 Level.

[SmartFx]

Just wondering yesterday I took a Short on GU made $240 but got out because I realized that GU is testing the Support we had in 2001 and was tried in 1993, 1986 bridged in 1984 is GU hitting the Support again and bouncing????

SmartFx
SmartKenya

[robb]

??? Really? Seperation on the EMA shows strong downward and it is currently trading about 90 pips above yesterdays low. (currently 1.3772)