00-00 4 hour bar break.
Cable broke high, i was after 10, and got 10. the range is 21 and my adr = 114.
i reckon we might get that range today, but i will prefer a drop if it does.
i have no cable trade open at present.
e/u the low broke and i am looking for 8. the range is 16 and my adr =65. i did have + 5 at one time and i was going to close trade with that 5 but it didn't happen, lol.
we have a lot of time left.
trade well all.
Cable, 08-00 15 minute bar break.
Low broke for +5%+ , unlike yesterday when this bar broke thorough the 00-00 area bar and then failed.
today 08-00 price range went through the 00-00 low and kept going, i battered it.
i got my 9 points off e/u and was happy.
i have a smaller short on cable and that is going to be closed any second now.
trade well allt 09-21
not that it matters about the daily now, i only hunt part of it, but we got it.
T= trigger area,
A = ADR area
00-00 4 hour bar break.
Cable broke high, range =20 and my adr =98. i was after 10 but for some reason got 5 lol. better than minus 5, (not percent)
e/u has broken low, range 15 and my adr =68. i am short looking for 7.
i am hoping to trade cable again shortly.
Also the 08-00 break which as i always say, is a separate trade.
Trade well all.
i got my +7 off e/u short, just as UK opened.
now wait for my main trade cable.
Cable 08-00 15 minute bar break.
low broke for +5%. i actually got 6%.
The trigger open was the same price as previous low/close. i dislike this but i trade lines.
chart copied a few minutes ago.
Cable. lets say we chase part of the daily range.
Daily range is a humble 98. lets say we look for a 70 range.
1 = where the low will go. 2 = where the high will go. 3= is the actual 98 range,(don't look how it is positioned).
lets see what happens.
Do not forget, those 70 range bars will be adjusted as/if price moves .
look at the 00-00 T area ??/
See y'all later!
chase the daily range.
chart just copied, the range indicators have been adjusted due to price movement up.
No1 is still the same.
No 3 is the adr , just don't look at it yet.
the low did break and fail, HIGH BROKE AND MADE 19/20..
i am not saying what i did as it does not matter. just watch and lets see what happens.
original chart below.
edit, i just changed a chart, it was wrong lol duh!!!
chart copied a couple of mins ago, and it was still moving as i copied.
1= high area of 70 range.
2 = low area of 70 range.
and finally i have moved No3 , this is the 98 adr, if it carries on we should hit this area, it doesnt matter if it doesnt.
i have finished and i took my parts,
Yes we had a fail on the first low break but we play maths,odds.
and the original chart below.
this happens almost every day.
OK we can get a (whip day) and i will post a few contemporary stats shortly.
As you say, Price has to go somewhere.
Magic Number is 70.
i have posted many many times over years the Number 70. especially when partially hunting the daily range.
since Jan 1st this year until today we have had 20 days when daily range was less than 70.
as above, we have had 39 days when daily range was less than 80 points.
stats are beautiful things
© Forex Factory