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Cable Update (GBPUSD)

  • #490,041
  • Aug 20, 2019 1:52am Aug 20, 2019 1:52am
Quoting Wavegarrick
Hi Guys, I have a sneaky suspicion they want to push this thing lower again. The round number 1.2100 could be tested and possible bounce from there. Failing my weekly support 1 at 1.20581 could be tested. I will lock this trade in as soon as I can. Trade safe. Cheers. {image}
Yes we are at a turning point, a line in the sand...
daily close below 2100 and were heading lower but remain in the daily up trend since 12 Aug and were heading higher

Inserted Video
Don't Leave Money on the Table
  • #490,042
  • Aug 20, 2019 1:53am Aug 20, 2019 1:53am
Quoting htcone
{quote} Hello dear what these black lines represent in your chart.
Hi Htcone,
The black lines are daily pivots. When they start moving down iow today lower than yesterday it gives me a bird eye view that they want to swing lower.
Cheers.
Trade to trade another day
  • #490,043
  • Aug 20, 2019 2:00am Aug 20, 2019 2:00am
2095 to 2165 today
Intraday only.
  • #490,044
  • Aug 20, 2019 2:07am Aug 20, 2019 2:07am
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yes yes yes
  • #490,045
  • Aug 20, 2019 2:08am Aug 20, 2019 2:08am
Quoting Moty
{image}{image}
it is amazing that you draw downward channel and then go long
sell strength in falling markets, and buy weakness in rising markets.
  • #490,046
  • Aug 20, 2019 2:13am Aug 20, 2019 2:13am
4hr support broke thro. Little care needed in Long.
Intraday only.
  • #490,047
  • Aug 20, 2019 2:22am Aug 20, 2019 2:22am
Quoting htcone
at weekly pivot. If London open below the yesterday\s low, could it be a good short idea
Ignored the pivot and find the engulfing pattern and trade the break at The London Open In the same directions
  • #490,048
  • Edited 2:43am Aug 20, 2019 2:31am | Edited 2:43am
Dx closed morning gap
Attached Image(s) (click to enlarge)
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yes yes yes
  • #490,049
  • Aug 20, 2019 2:31am Aug 20, 2019 2:31am
Long SL 20 pips.
  • #490,050
  • Aug 20, 2019 2:32am Aug 20, 2019 2:32am
Ok Guys,
Down momentum quite strong here. Lets see what they do with the ascending trend line. If that goes then surely my weekly sup 1 at 1.20581
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #490,051
  • Aug 20, 2019 2:32am Aug 20, 2019 2:32am
Quoting DailyChart
{quote} Ignored the pivot and find the engulfing pattern and trade the break at The London Open In the same directions
thank you for the response DC. i must say i have started to pay great attention to ochl after reading your posts and things are improving.
sell strength in falling markets, and buy weakness in rising markets.
  • #490,052
  • Aug 20, 2019 2:36am Aug 20, 2019 2:36am
Quoting DailyChart
{quote} Ignored the pivot and find the engulfing pattern and trade the break at The London Open In the same directions
Ive copied all your posts and screen shots, but still quite not sure about the London Opens and New York close part.
for example? If price open below previous day NY close but above previous day London open, then you would go long?
  • #490,053
  • Edited 2:51am Aug 20, 2019 2:36am | Edited 2:51am
Quoting htcone
{quote} thank you for the response DC. i must say i have started to pay great attention to ochl after reading your posts and things are improving.
look the engulfing and draw one by one
write the rules one by one when and why it hold and break
and when it become valid and invalid

you need put some time study this pattern and once you found it,your eyes will become more bright
  • #490,054
  • Aug 20, 2019 2:38am Aug 20, 2019 2:38am
Quoting oblong
{quote} Ive copied all your posts and screen shots, but still quite not sure about the London Opens and New York close part. for example? If price open below previous day NY close but above previous day London open, then you would go long?
Ignored NY Part first,We trade NY when the trend is strong for us stacking Only In the Same/Right Directions
a lot of members simply do not know how to stack at all in Here and they are not average the winning positions,They might win for some day if Lucky but they will be killed/MC in no Time later

We stack here ONLY in the Right Momentum

Focus on the D1 Trend and look how the range form at the london open

we judge the trend by the swing high and low at the D1 candle,NY close is only a measurement for us to identify which side is the winner after those minutes or hourly members killed one by one
  • #490,055
  • Aug 20, 2019 2:44am Aug 20, 2019 2:44am
Quoting DailyChart
{quote} Ignored NY Part first,We trade NY when the trend is strong for us stacking Only In the Same/Right Directions focus on the D1 Trend and look how the range form at the london open we judge the trend by the swing high and low at the D1 candle,NY close is only a measurement for us to identify which side is the winner after those minutes or hourly members killed one by one
The red section is previous day London session, I have marked the LO Open and Close.
So you would look for a short setup based on Lo close being lower than the Open?
Attached Image (click to enlarge)
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  • #490,056
  • Aug 20, 2019 2:47am Aug 20, 2019 2:47am
bulls failed at LO. Bears winning. 2000 up next. Just set and forget it.
  • #490,057
  • Edited 5:22am Aug 20, 2019 2:49am | Edited 5:22am
Quoting oblong
{quote} The red section is previous day London session, I have marked the LO Open and Close. So you would look for a short setup based on Lo close being lower than the Open? {image}
LO Open is Just The secondary Tool/Confirmation for you trade the breakout and
enter the trade at the LO open is for you to reduce the false breakout Only

First you need to identify the D1 Trend
you can use weekly or monthly too but I am more comfortable with D1
  • #490,058
  • Aug 20, 2019 2:55am Aug 20, 2019 2:55am
4hr trend line is breaking. back again to trend.
SHORT
Attached Image (click to enlarge)
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #490,059
  • Aug 20, 2019 2:56am Aug 20, 2019 2:56am
Quoting htcone
at weekly pivot. If London open below the yesterday\s low, could it be a good short idea
One Important thing you should remember buddy

Trading The London Open Doesn't Mean That We Need Trade Every London Session Open
We Only Trade at The Buyer/Seller AREA Which Formed and Hold One Then We Enter at The London Open

Most of people fails to understand this Methodology,Most of them think that they need trade everytime once the London Session Open
Therefore Most of them though that London Open Strategy is Not Work at all and going broke day by day for trade the breakout

By Identify the Right Trend and enter at The London Open then You can turn $100 into $5000 within 6 Month ( IF You trade with Disciplines )
  • #490,060
  • Aug 20, 2019 2:59am Aug 20, 2019 2:59am
Good contribution mate.

Trade safe.

KP

Quoting DailyChart
{quote} One Important thing you should remember buddy Trading The London Open Doesn't Mean That We Need Trade Every London Session Open....Most of them think that they need trade everytime once the London Session Open...
Do your homework, follow the footprints of smart money
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