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Cable Update (GBPUSD)

  • #621,441
  • Sep 5, 2021 4:24pm Sep 5, 2021 4:24pm
Quoting Benjamin1981
No Comments {image}
  • #621,442
  • Sep 5, 2021 4:31pm Sep 5, 2021 4:31pm
Quoting Houtbay
Coreg I follow a system of support and resistance which in its self forms a series of waves upwards or downwards. In each level of support or resistance, I get a series of minor waves which you can classify abc. Currently we are in a corrective wave downwards as you have drawn in your abc wave, however we still currently remain in an upwave, however if a level of support lower down is broken then we change direction into a downward cycle.
Houtbay, I think that as short-term technical traders, we all trade off of support/ resistance zones. We use different tools/methods to establish them. Some use EW/HP, others use S/D zones (simplified Wycoff theory), moving averages, Pivot Points, momentum indicators, western patterns (H&S, flags, C&H, etc), range trading (weekly, daily), Dow theory (HH-HL, LH-LL). In the end, we will come to a similar conclusion. We need to find the edge, and use it constantly to our advantage. Whatever suits us the best. Good luck.
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #621,443
  • Sep 5, 2021 4:35pm Sep 5, 2021 4:35pm
Quoting Coreg2004
{quote} Houtbay, I think that as short-term technical traders, we all trade off of support/ resistance zones. We use different tools/methods to establish them. Some use EW/HP, others use S/D zones (simplified Wycoff theory), moving averages, Pivot Points, momentum indicators, western patterns (H&S, flags, C&H, etc), range trading (weekly, daily), Dow theory (HH-HL, LH-LL). In the end, we will come to a similar conclusion. We need to find the edge, and use it constantly to our advantage. Whatever suits us the best. Good luck. {image} {image} {image}...
I think once you can establish a target then you can analyse your entry maybe
  • #621,444
  • Sep 5, 2021 4:53pm Sep 5, 2021 4:53pm
Quoting Wags
{quote} I think once you can establish a target then you can analyse your entry maybe
Wags, I go with the set up (support/ resistance), trigger, stop loss, target, and then everything is up to the market. I move the stop loss to B/E fairly quickly. I don't mind re-entering again.
Always trade your own plan...I don't provide trading signals.
  • #621,445
  • Sep 5, 2021 4:57pm Sep 5, 2021 4:57pm
Quoting Coreg2004
{quote} Wags, I go with the set up (support/ resistance), trigger, stop loss, target, and then everything is up to the market. I move the stop loss to B/E fairly quickly. I don't mind re-entering again.

You must have a pretty good RR on your trades then Coreg
  • #621,446
  • Sep 5, 2021 5:49pm Sep 5, 2021 5:49pm
Quoting EnduranceFX
{quote} Hey Kenny! Try making sure your signature trade is in line with the higher TFs. Try using the Smaller TF's to look for entries. For instance, If your D1 is trending down and the H1 has just made the initial L1 pushdown yesterday, then a London pat long today won't be a highly probable trade. Hope this helps. - Peace
Oh yes, it sure helps!
Thanks
  • #621,447
  • Sep 5, 2021 5:54pm Sep 5, 2021 5:54pm
Quoting Wags
{quote} You must have a pretty good RR on your trades then Coreg
Wags, I day trade only during the NY session, unless I have a nice setup when Tokyo opens. I'm looking for 30-60 pips/day.
Always trade your own plan...I don't provide trading signals.
  • #621,448
  • Sep 5, 2021 5:56pm Sep 5, 2021 5:56pm
Quoting Coreg2004
{quote} Wags, I day trade only during the NY session, unless I have a nice setup when Tokyo opens. I'm looking for 30-60 pips/day.

Ah ok the way you put those images up i thought ypou were higher TF trader lol

I keep coming across to many scalpers doing well atm
  • #621,449
  • Sep 5, 2021 7:03pm Sep 5, 2021 7:03pm
Inserted Video
not euphoria follower
  • #621,450
  • Sep 5, 2021 7:35pm Sep 5, 2021 7:35pm
Quoting kenny4real
{quote} Oh yes, it sure helps! Thanks
No prob.
  • #621,451
  • Sep 5, 2021 9:45pm Sep 5, 2021 9:45pm
Attached Image (click to enlarge)
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yes yes yes
  • #621,452
  • Sep 5, 2021 9:47pm Sep 5, 2021 9:47pm
  • #621,453
  • Sep 5, 2021 9:57pm Sep 5, 2021 9:57pm
Quoting Moty
{image}
some buying can be expected when Frankfurt/london opens
Intraday only.
  • #621,454
  • Sep 5, 2021 10:35pm Sep 5, 2021 10:35pm
Wishing you al a good week ahead people.

Looking to scalp - sell on 5M

Cheers !
Attached Image (click to enlarge)
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Fools Rushing
  • #621,455
  • Sep 5, 2021 10:48pm Sep 5, 2021 10:48pm
Quoting Coreg2004
{quote} Houtbay, I think that as short-term technical traders, we all trade off of support/ resistance zones. We use different tools/methods to establish them. Some use EW/HP, others use S/D zones (simplified Wycoff theory), moving averages, Pivot Points, momentum indicators, western patterns (H&S, flags, C&H, etc), range trading (weekly, daily), Dow theory (HH-HL, LH-LL). In the end, we will come to a similar conclusion. We need to find the edge, and use it constantly to our advantage. Whatever suits us the best. Good luck. {image} {image} {image}...
is that an ebook ? can you share it ?
thx
  • #621,456
  • Sep 5, 2021 11:45pm Sep 5, 2021 11:45pm
Short in at 1.3845
Don't trade what you think. Just what you see!!!
  • #621,457
  • Sep 6, 2021 12:06am Sep 6, 2021 12:06am
Attached Image (click to enlarge)
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  • #621,458
  • Sep 6, 2021 12:16am Sep 6, 2021 12:16am
Attached Image
not euphoria follower
  • #621,459
  • Sep 6, 2021 12:18am Sep 6, 2021 12:18am
The 4 hour candle has shown its hand
  • #621,460
  • Sep 6, 2021 12:39am Sep 6, 2021 12:39am
Attached Image (click to enlarge)
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yes yes yes
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