New Cable Thread & Other Pairs

Quoting T721

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{quote} am just a passenger here, you are the BOSS

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Quoting birdland

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{quote} ah i understand you. i think less in trend cathegories or try not to have a bias. i pay more attention to where the vulnerable points are. i often think like a market maker and ask myself ‘where can i shake which tree so that most retailers fall down’ and TL breaks are one of them. but this seems to work for the retailers;-)

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Quoting lynnc

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{quote}Thank you for letting me know about this thread T. A gold mine of knowledge in here, I am slowly making my way through the material. What I do know is when I grow up I want to be a trader as good as you and Pedro What I am hoping to learn more about is targets, I don't have a problem with knowing where to enter generally and I usually target 1:5 if I can, but I have no idea if price is likely to go 50 pips or 500 so would be good to have the confidence of "knowing" where price is likely to go and so hanging on.

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Quoting lynnc

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{quote}Thank you for letting me know about this thread T. A gold mine of knowledge in here, I am slowly making my way through the material. What I do know is when I grow up I want to be a trader as good as you and Pedro What I am hoping to learn more about is targets, I don't have a problem with knowing where to enter generally and I usually target 1:5 if I can, but I have no idea if price is likely to go 50 pips or 500 so would be good to have the confidence of "knowing" where price is likely to go and so hanging on.

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Quoting T721

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{quote} I don't have a problem with knowing where to enter generally thats the main part, getting a good entry.... once you are in look for areas of liquidity. price will draw to them

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Quoting Kwt4x

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{quote} trend is very important for all trading styles, that makes bias important too. market makers have tools to see clusters of SL's and take advantage of them when they can, we don't have that so we are guessing. but using TIME will give you exact direction and trend stages very clear for the period used. for scalping, best period is session(8 hours) and best DOW trend stages reading is 1 hour. you will have direction of sessions and target the bigger waves of trend readings. this is GU M5 using BB setting 96 for sessions direction and range,...

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Quoting T721

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gbp/usd targets for tomorrows news {image}

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Quoting T721

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{quote} Update :: Chart Speaks {image}

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Quoting T721

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{quote} that was a typo last week 2250/60 meant 2350 obviously anyway its moving, targets marked -- might need pullback soon {image}

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Quoting birdland

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GU: we are currently already in a sell zone. in my opinion, the red trend line is a good spot to go short again. {image}

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Quoting T721

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{quote} Gold ....... so close but yet so far Chart Speaks {image}

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Quoting pedro319

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Gold This one is on steroids... 2377 most probable destination, today. EU I think retracement is about to start, support 1.0745

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Quoting Mihisti

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{quote} I am prepairing for short if 2368 will offer support for steroids.

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Quoting pedro319

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{quote} Yeah the big .618 D1 2370, around that.

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Quoting Mihisti

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{quote} Yes. I will wait. The next target is AB=CD 1,618 extension at 2374. Patience because I don't want to give back my profits from yesterday. And starting the weekend in profit give me motivation for the next week. {image}

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Quoting pedro319

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{quote} Go easy on it, there is also 2393. I will post chart later, but for now 2370-72 is key

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