resistant becoming support...as cable stuck in this range, my scalp TP is shorten in pips too..anyway still green for me..
I trade to live
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DislikedTo the immediate downside of price as 1hr screenshot below. DP @/around 5690, Daily S1 @/around 5645.
G/LIgnored
DislikedHi there, a break on the cone-shape trendline doesn't mean bullish until 5750 resistant are broke right? sorry I am noobIgnored
DislikedHi
Depends how you define bullish or bearish, for me I look at the opa conditions (overall price action-peak/valley analysis) on the t/f's of interest to me and whether they are contra each other or co-existant and then if trending whether this trend is contra or co-existant any on the higher t/f's...Then of course I am aware of the intraday sentiment which for eg is bullish so far today - ie the current price is above the open. and is see-ing some upside follow thru on yesterday's daily t/f bullish candle off the fractal swing lo on that...Ignored
DislikedThank u for your opinion bbmac, I understand now how u work with your strategies...anyway I posted here a daily chart showing obvious bearish pattern..since last week majority traders here seeing a bull to the 1.62..the problem is I can't see the possibility of it...I did consider putting the UK,europe & USA fundies in here but these recent day everybody confused totally with cable movement..the other day somebody in here mentioned about stop hunting and I agreed with it...but who am I to judge this...Hence, if everything will be broken then I believe...Ignored
Disliked@bbmac
sorry dude, I'm way to nerd explaining things I'm not capable of...
I just realized that a short-term trader point of view are totally different than those long-term trader like u are..
and I forgot I am intraday scalper and will always be..Ignored
DislikedI see the beginnings of a classic opa downtrend off the 5991 High with 2 x LH and a LL at this week's current lo on this daily t/f - however off the 5601 current weekly lo price has pulled back inside that recent 5927-5647 range that saw a false upside break to 5991 before the fall out the bottom of it to 5601...this classic daily t/f is in the context of classically ranging conditions on the weekly with a recent bullish biais.
G/LIgnored
DislikedPrediction is futile all we can tell are the current conditions on the t/f's of interest to us and overall general biais if there is one, and play our edge.
G/LIgnored
Dislikedactually I am a short term trader like you - 75% of my market entries are from the 1 or 3min t/f.
G/LIgnored
Dislikedactually I am a short term trader like you - 75% of my market entries are from the 1 or 3min t/f.
G/LIgnored
DislikedReally?? now I know.....
anyway It's 6pm here and I'm going home...will chat and post later...
Adios!Ignored
Dislikeddifference is to me..
short term trader = work of the hear and now..react to what u see, ie the trigger
long term trader u work in reverse ie the bounce after the trigger..the time frame movement are often opposite..i understand this probably makes no senseIgnored
Dislikedhe is probably the best scalper in here..he can happily pull the trigger 300 times in one dayIgnored
DislikedHa Ha yup yup I agree..
For me the obvious scalper here is totally abdul halim...I liked it when he posted his income statement...Ignored
DislikedHa Ha yup yup I agree..
For me the obvious scalper here is totally abdul halim...I liked it when he posted his income statement...Ignored