{quote} Watching being the key word there, GBP is strong ATM A move of ADR(50) can push up to 154.13 today Which is R138 area, might be doable on a FridayI know the Fibo guys are disappointed with failure at 61.8 to hold the recent swing Let the TDI do it's thing
{image} {image}
- #17,221
- Apr 12, 2018 11:42pm Apr 12, 2018 11:42pm
- Joined Dec 2011 | Status: StealingPips | 1,294 Posts
- #17,224
- Apr 13, 2018 2:50am Apr 13, 2018 2:50am
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
I was looking around for a SCRIPT to place pending orders and found this, attached = SetPendingGridLimit
Drag it on the chart, choose the trade size, BUY or SELL, number of orders, the trigger price for the first entry, the spacing in pips to the next order, and a comment if you like
As you can see, a spacing of 25 and 5 trades will place Pending Orders from 154 to 155 on the GBPJPY
It says Limit but also can be used to place Stop trades, eg. sell below current price for those breakouts
Would be great for those news spikes; anyway, use with caution.
Drag it on the chart, choose the trade size, BUY or SELL, number of orders, the trigger price for the first entry, the spacing in pips to the next order, and a comment if you like
As you can see, a spacing of 25 and 5 trades will place Pending Orders from 154 to 155 on the GBPJPY
It says Limit but also can be used to place Stop trades, eg. sell below current price for those breakouts
Would be great for those news spikes; anyway, use with caution.
It takes a lot for me to IGNORE you, but you can try.
- #17,225
- Apr 13, 2018 3:27am Apr 13, 2018 3:27am
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
GBPUSD shorts: {image} GBPUSD looks like wanna hit soon 1.50 Shortsqueeze no correction until 1.50 probably.. USDCAD longs: {image} not clearly..
I like to track the ADR or Average Daily Range and also where that might take price, see the RDH = Range Day High.
How many pips it moved today now, and how many left? On average that is, of course, it can go twice as many, that's how to get an average!
I use 50 but I read the Davit likes 20 days. I also use 50 for the RWH, you work that one out.
Also, see on this chart Fo and Lo?
That's Frankfurt Open and London Open, all the breakout traders are watching the first and second hours to decide to long or short, not to mention the traders that will fade the move
Good luck
It takes a lot for me to IGNORE you, but you can try.
- #17,227
- Apr 13, 2018 3:49am Apr 13, 2018 3:49am
- Joined Jul 2013 | Status: Trader | 5,465 Posts
Ronnie Renko
- #17,228
- Apr 13, 2018 4:17am Apr 13, 2018 4:17am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GBPUSD shorts: {image} GBPUSD looks like wanna hit soon 1.50 Shortsqueeze no correction until 1.50 probably.. USDCAD longs: {image} not clearly..
.......
first IMO it looks like ur totally ignoring PA ..... notice how PA it tend'n strong in a narrow chanel 
second IMO it looks like ur not read'n the fundies on this forum ...... it would have kept u out @ the start 
third IMO it looks like ur ignoring the TDI + Angelator...the D1 andgle never changed except for a small dip around R100 
fourth IMO ur entry window is huge bro 
fifth IMO ur not scale'n out by the look of it 
all these things r one page 1 & wat senior traders r talking everyday trade'n day
notice how Davit dial'd down the TFs to catch the R100 trades 
hope this helps
- #17,229
- Apr 13, 2018 7:41am Apr 13, 2018 7:41am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,230
- Apr 13, 2018 7:45am Apr 13, 2018 7:45am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,231
- Apr 13, 2018 7:47am Apr 13, 2018 7:47am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,233
- Edited 8:12am Apr 13, 2018 7:55am | Edited 8:12am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
- #17,236
- Apr 13, 2018 8:00am Apr 13, 2018 8:00am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,237
- Apr 13, 2018 8:00am Apr 13, 2018 8:00am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
AC L performing well. Ready to buy on pullback. Use fishnet.
In trading, you have to be defensive and aggressive at the same time
- #17,238
- Apr 13, 2018 8:03am Apr 13, 2018 8:03am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
A little off topic (though not much), does anyone here subscribe to https://www.livesquawk.com ? Their oral commentary is excellent. I'm trialling them out but expensive month to month. More than £300!
In trading, you have to be defensive and aggressive at the same time