Lost....
1
Cable Update (GBPUSD)
- #517,521
- Apr 23, 2020 9:51am Apr 23, 2020 9:51am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #517,528
- Apr 23, 2020 10:04am Apr 23, 2020 10:04am
- Joined Oct 2009 | Status: Trader | 5,639 Posts
Always trade your own plan...I don't provide trading signals.
- #517,532
- Apr 23, 2020 10:31am Apr 23, 2020 10:31am
- Joined Oct 2019 | Status: Trader | 1,245 Posts
Weird move. Sudden drop, sudden up. No clear trend. I have short position. Another 30pips up will hit my SL. Lets pray
- #517,534
- Apr 23, 2020 10:45am Apr 23, 2020 10:45am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
200 ema band to the rescue
yes yes yes
- #517,535
- Apr 23, 2020 11:01am Apr 23, 2020 11:01am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Its not that difficult
What is the daily doing, its down
What is your 4H doing, its up , if the daily is down and the 4h up then we are in a correction
What do corrections do they go abc (corrective patterns, 123, wedge, triangle etc, 3 swing minimum patterns
Then you need to understand how and when a swing continues, some support and resistance and about reversals
Its not that hard, just structure patience and discipline and if it does not make sense cause sometimes the patterns are complicated do not trade it , move on , find another pair to trade or wait
What is the daily doing, its down
What is your 4H doing, its up , if the daily is down and the 4h up then we are in a correction
What do corrections do they go abc (corrective patterns, 123, wedge, triangle etc, 3 swing minimum patterns
Then you need to understand how and when a swing continues, some support and resistance and about reversals
Its not that hard, just structure patience and discipline and if it does not make sense cause sometimes the patterns are complicated do not trade it , move on , find another pair to trade or wait
Follow The Markets Structure - Patience and Discipline
- #517,536
- Apr 23, 2020 11:12am Apr 23, 2020 11:12am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Here is another one on Gold easy to understand
What is the daily doing , its up
What is the 4h doing - its down, if the daily is up and the 4h down we are in a correction
What do corrections do, they go abcd , zigzag, triangle, wedge, etc etc etc , how do we know if and when the correction will end and the trend will continue, just look at the chart , im sure you will see it
What is the daily doing , its up
What is the 4h doing - its down, if the daily is up and the 4h down we are in a correction
What do corrections do, they go abcd , zigzag, triangle, wedge, etc etc etc , how do we know if and when the correction will end and the trend will continue, just look at the chart , im sure you will see it
Follow The Markets Structure - Patience and Discipline
- #517,539
- Apr 23, 2020 11:37am Apr 23, 2020 11:37am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Long again in late 65 10 pip stop .
Here is your trade
what is the 30 min doing - its up
What is the 5 minute doing - if the 30 is up and 5 down the it could be a correction
What do correction do- abcd etc , zig zag, wedge .channel etc etc, has the correction changed from down to up yet? Do u see any resistance above you?
Follow The Markets Structure - Patience and Discipline
- #517,540
- Apr 23, 2020 11:49am Apr 23, 2020 11:49am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
And there is your trade stopped out, the assumed correction did not change from down to up ,, simple
Follow The Markets Structure - Patience and Discipline