https://fxww.com/cable-hate-say-told/ The Professional Source Thu, 13 Mar 2014 08:10:37 +0000 hourly 1 https://fxww.com/cable-hate-say-told/#comment-37575 Thu, 13 Mar 2014 08:10:37 +0000 http://381c099c8f.nxcli.net/?p=12035#comment-37575 Many thanks Rahul, of course all of tech analysis is very subjective. If you can find something that works for you, and that you have confidence in, then that is gold dust imho.

]]> https://fxww.com/cable-hate-say-told/#comment-37574 Thu, 13 Mar 2014 08:06:21 +0000 http://381c099c8f.nxcli.net/?p=12035#comment-37574 hi sean.
just an observation. fibonacci levels are drawn with a bit of subjective eye by most traders iv come across on the net. but what i used to do and to be honest its proved quite accurate is to trade off weekly or daily bar ranges. the gbp usd weekly chart shows a huge weekly bar. when you take the fib retracements off that yesterdays low was exactly at the 50%. if u had drawn the fib on lower frames like h4 or h1 u would have got different levels. but such an approach helps standardise it.
when u inspect this fib range it looks a bit random on the lower frames. but its just the weekly range.

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