paper trade Cable, sell @1.6140.
Based on trigger number and 5min no demand
Stop @ 1.6175.
Target @ 1.6105
Based on trigger number and 5min no demand
Stop @ 1.6175.
Target @ 1.6105
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Dislikedpaper trade Cable, sell @1.6140.
Based on trigger number and 5min no demand
Stop @ 1.6175.
Target @ 1.6105Ignored
DislikedNot a clue to be honest, i've only been looking at trigger numbers in depth since Monday, hence the trade being on paper!
Someone else will be able to answer that question a lot better than I can.Ignored
DislikedI hope we find an answer, because they're starting to be too many on my screenIgnored
DislikedSo I had been feeling somewhat lost on the EU after yesterday afternoon's PA and then moreso when I saw some calls last night for shorts based on weakness at the 1.4. Why was I not seeing this... why was I still so biased to the longs? On the daily charts the hull is still blue and sloped up and price closed basically on the hull yesterday and still above the PAL. Also Tueday was a SO but then Wednesday was a downbar on good volume we look at the close... doesn't look weak to me.
So I got up as I usually do at 4AM my time which is 1hr before LO....Ignored
DislikedSo I had been feeling somewhat lost on the EU after yesterday afternoon's PA and then moreso when I saw some calls last night for shorts based on weakness at the 1.4....Ignored
DislikedHa, yeah I get what you mean, i've been getting rid of them if I get a bar on higher volume. On EU i have one at 1.4033 and one at 1.4018. The two spikes of the day.Ignored
DislikedAgain, i'm reasonably new to this so i'm just watching reactions to that area. I left it in because on my charts it sticks out look a sore thumb.Ignored
DislikedNice, 35 pips guaranteed, can't complain about that!
Seeing as you're my go to guy for info on trigger numbers, any comments on the cable trade i posted on the last page?Ignored
Dislikedpaper trade Cable, sell @1.6140.
Based on trigger number and 5min no demand
Stop @ 1.6175.
Target @ 1.6105Ignored
DislikedEasier if i post a chart i'm sure;
Now it hasn't hit the target or anything but i'm just wondering about the analysis behind it more than anything, stop placement and trade management is then down to me.Ignored
DislikedEasier if i post a chart i'm sure;
Now it hasn't hit the target or anything but i'm just wondering about the analysis behind it more than anything, stop placement and trade management is then down to me.Ignored
DislikedYes the anlysis is good... look at your trigger bar it's a squat bar also with less spread and much higher volume than the previous wide spread bar.
The issues I do see is that we are very much in an upmove and based on an upbar trigger as HG mentioned (I believe anyway) your first instinct would be to look for a long off this level... We had a squat type bar which closed well off it's highs but then the next bar was up... would have felt better if it was down showing sellers. The second bar after was down but didn't close below the trigger. HMM......Ignored
Now this covers my basic trigger line entries from a HVB
Triggers from S/D, DPP, POC's, VAH, VAL, Swing High, Swing Low etc...
Look at GU today it hit yesterday's low and bounced... and well image that the very last down bar that made today's low was a squat bar... interesting.
I will post a chart later of GU 5 min showing a couple of times when price tested recent swing highs and bounced continuing the upmove.
DislikedThanks for the reply, appreciate it.
I'm only paper trading it so more interested in the analysis. It got to +28 at best and i moved the stop to BE, which has now been hit. 28 pip move ain't bad though. Knowing me I probably would've closed it once I saw some actual profit
Another chart, this time EU, about 10/15mins ago, shorting EU is perhaps a bit stupid at the moment;Ignored