Lets Talk GBP/USD - For all the GBP/USD traders out there!

[Robdogg23]

Are you using Fibonacci to determine your outlook?

Can you post a graph so I can see what it looks like?

[TC]

Hi Robdogg23,

attached is a graph and you can add a 3rd technical. If price forms the 2nd shoulder and follows through it will also be going below the 200 SMA

TC

[carrotguy]

TC: what charting software are you using in that picture?

thanks

[bobnat]

Robdogg,

I don't know if you noticed it or not, but TC called the GBP perfectly since the 7th, down to the low so far today of 9012. Maybe you should ask him to explain his technical analysis instead of focusing on the broader fundamental picture.

Nice calling, TC.

Nat

[Robdogg23]

Yes I have noticed TC has done very well with his forcasting. However, I do not know his complete strategy. I see the head and shoulder picture, which I took into consideration when trading.

From what I understand a head and shoulder is only 1 signal and there are many more to follow. While he may have been able to spot the head and should, what do we look for when there is no head and shoulder?