Cable Update (GBPUSD)

well done bro

A sort of somewhat semi short simple answer I can give is to look at some higher time frames say H4 and Daily, plot yourself some significant levels of support and resistance you want to look for levels that have been tested multiple times, you may see price boune of the top side and the same from the bottom side over the course of previous history. Do be careful not to plot 100s of levels for no reason try to keep them clean and placed around good key areas with plenty of tests, like in my example photo here I zoomed out slightly on the H4 and select the line chart and placed a line. You can see I have marked some example tests of the level with the red circles, tests from bottom side and you may be looking to sell, tests from top side and you may be looking to buy. You must however remeber that a level can easily be broken at any point and the more you follow along your trading you will start to plot and pickup significant levels along the way so you will also gain some picture of where a breakdown or breakout could potentially ocur to. I hope that kind of gives somewhat of a brief insight and helps you along your learning curve, I am sure myself and many others could sit and type for hours about many factors affecting entries and such but some key things to remember are do not rush ! NO FOMO !!! you will always find moves just give yourself patience and time and you will thank yourself later for not jumping the entry gun. If you have to spend some time just watching candles go by to get a feel for the price action of a given pair in and around levels then allow yourself that time, jumping the gun because you want to start earning asap will only result in losing capital and potentially give you a bad feeling about forex. I personally like to use a combination of basic things, some plotted support/resistance levels on higher time frames, price action/candle patterns and last but not least just about the only indicator I will use wich is the UK Daily Pivot Points, this provides me with an automatic level placed for the previous daily high and low as well as a potential daily pivot point where price could change trend direction and 3 support/resistance levels. I am not sure if any others here use the daily pivot points indicator but it was something I started trading with pretty early on when starting out and I find it provides plenty of guidance for my trading.

PS: Sorry for the long reply hope I can help somehow <3

The Fed Sheriff is back in town.
Keeping on buying dips

Easy buy dips in an uptrend.
Sell tops in a downtrend

Example...

2540 or 2546 could provide long entry after frankfurt open.

Apparently the crooks are monitoring this forum , otherwise I do not understand the early movement of it during the Asian session.
and now I can't enter , maybe if there will be a pull back

M5

PendingOrder SellStop @ 1.255561

atb vvm

I think I know why... IRS is depositing loads of cash into our bank accounts last night tonight and tomorrow night makes sense why it’s weak during Asia session when funds drop into bank accounts... just a thought

M5

My Chart for TodaysTraiding

atb vvm

M5

Removed my SellOrder

atb vvm

Same thing happened to me.
My setup happened too early, i just woke up.

good afternoon, and good morning,i just woke up, what's interesting after not moving for 2 days?

A whole lot of manipulation and stop hunts

ha ha..
mate..
we all just a tiny player at market
they never thinks to look or ever read what we are doing here..only wasted their time..
why!?
we everyday already arguing/fight each others everyday
so why need they worry!?
if..if..
we all stay together that will be a little..just a little worry them..but still not hurt or scratch them at all..
stay save..
️

RESULT!!!!




Asian session and trading the same swing from the 15 minute

i'm in.
waitng fo new hourly high for conformation.
for once 'm ahead of the crooks

You with me Moty.... I have 3 different buy position....
1.2481
1.2512
1.2529

My target 1.2700

Buying now for 20 pips.