At the end, what works for you, continue with that.
Intraday only.
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} Cable seems to be still in correction phase and is almost about to complete the second leg of the correction. The estimated level for the completion of Wave B leg (lime green) is 1.1800 and that is the level I am aiming for. From there, maybe Cable may rally one more time to complete the correction phase (Wave 4, Orange). If bulls are strong, they may try to rally price to around 1.2265 but if bulls are weak they may be overwhelmed by the bears around 1.2170. Anything is possible in the markets and that is why I always leave room for error....Ignored
Disliked{quote} This is m1/m30 combo. First m1 momentum signal ( Buy arrow ) at 1976. 5 min candle develops at 1976. 15 min candle develops at 1983. 30 min candle develops around 1985/1890. That a is BUY ! Until now the price moved up to 2005. Potential profit of 15 pips. {image}Ignored
Disliked{quote} Hi Palpite, The reason I do not rely on longer term trend lines with bar charts is because your trend line is drawn on the weekly time frame and based on the next bar. Translate that to the smaller time frames and you find a massive difference. It is the space that is created on your chart to form the next bar on your chart that becomes unreliable. Perhaps line charts become more reliable, Cheers. {image}Ignored
DislikedYellen: "I'm not seeing evidence of a Us recession now" 75 - 100 bps. Tomorrow Tokyo session, might we see an upward moving for Uj?Ignored
Disliked{quote} Says the woman blindsided by inflation Who in their right mind doesn't trust grandma? {image}Ignored
Disliked{quote} Hi Navk thank you for sharing. I was wondering when you take such a trade setup: - do you monitor your exit on the M1, M5 or M30 time frame? - And do you use a Level target or a counter momentum signal to exit? thanxIgnored
Disliked{quote} The price has the tendency to test the lows or highs ( where you seen the momentum arrow ) , so it is better to avoid the first signal. In this case, the price will be inbetween 50 ema and 200 ema, however, the 50 ema will be trading below 200 ema. The second signal + candle combo is valid. This time, in 1 min chart, the 50 ema will be trading above 200 ema. This is valid trade to take. exit ? when 50 ema falles below 200 ema, in long trade. Vice versa for short trade. See the LONG trade in took in this asian session. {image}Ignored
Disliked{quote} Another way to look at exit for trade taken as per 1 min chart. Shift the chart to 5 min. Exit when the price hits 200 EMA. See the example posted here. In this case, 200 ema is 136.50. I am setting 136.50 as TP. {image}Ignored