USDCAD: Short @ 1.4216'3 - target filled @ 1.4154'3
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BB break + trendline break 24 replies
Break Out + Pull Back & Pure Break Outs 58 replies
Disliked{quote} this is a start GBPCAD. we drawn Jail Box on the chart because of this you can't automate something that need human intervention; than automation. few question to answer for start!!! where Jail will show on what price? how big Jail will be. what is difference between Reverse, step1, step2..... {image}Ignored
DislikedGBPCAD - had pending sell order in @ 1.7700'9 which was executed and bought back @ 1.7599'3 (on the same bar!) {image}Ignored
Disliked{quote} a lot of your observation is true. Only thing being, these times are tricky as the prices isnt running true. Higher than normal Daily Range can screw things up, i am not bad as i always take a percentage of the adr, and that includes fixing my 08-00 main trade. Just lately the main move has been 00-00 to 04-00 if anyone is awake. llol. Trade well and Take Care.Ignored
Disliked{quote} Those are good questions. Usually on the 4 hour chart, I'll wait for a pair to build the railroad tracks just like this GBP/USD 4 hour chart. After it starts building the railroad tracks I know that we have a level after (8) 4 hour chart bars have formed. After these 8 bars have formed. I'll measure from the tip of a candle to tip of a bottom candle. Then I will divide by 2 and I'll draw the box in the middle of the level. {image}Ignored
Disliked{quote} Great job sir! What prompted you to sell? You figured it was coming back down to the box?Ignored
Disliked{quote} Thank you Vicar! If you look to the left of the chart there's a box around the 1.42 area which I extended right - this then encompasses the next sharp drop and immediate rally and then the congestion zone we had on the way down again. I assumed if it got up there then it would certainly stall for a little and perhaps offer a profit taking opportunity and was happy to go short given that the overall direction is down. Hope this helpsIgnored
Disliked{quote} Ahh I see now. I would have never thought to extend over resistance from 6 days ago lol, still trying to recalibrate from my original scalping days to this larger, more profitable TF. Thanks!Ignored
Disliked{quote} No problem at all. I'm new to this method too so still learning as I go but I know that the market seems to have it's own built in 'memory' and levels of interest will play out time and again in the futureIgnored
Disliked{quote} Sell at 1.3990-ish? PC likes us to sell above the box but I so far am having trouble making out the correct entry time/level.Ignored
DislikedGBP/USD 4 hour chart update. The market maker now has sellers trapped in the 4 hour green candle to the left. I think the pair will finally push higher. {image}Ignored
Disliked{quote} I would stay away from it, just not worth being tormented.Ignored