New Cable Thread & Other Pairs

Quoting kevin1959

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{quote} Hi Ian Yes when I get, in to profit Or should I say if, I will put it at breakeven. If Price pushes above 192.50 I might come out of the trade with a small loss. I do keep getting my fingers burnt trading this pair, but I now wear oven mitts lol Regards Kev

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Quoting ianlikesgolf

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{quote} Hi Kev Gj on H1 it is oversold, but it made a higher high it has not broken the previous lower high to the left at 192.98 area , but if it does it will keep going higher to the 194.37 area where the monthly bolllinger MA is on H4. 120 bands {image} {image}

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Quoting ianlikesgolf

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{quote} it has a double top on H4 and the stochastic is oversold. so we might get a couple of hundred pips if the monster is behaving nicely

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Quoting kevin1959

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{quote} I've been taken out at the moment lol

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Quoting kevin1959

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{quote} I'll try again at 192.40ish

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Quoting ianlikesgolf

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{quote} GJ will probably test my entry in the morning and take me out too or before. i may just take 80-100 pips of I get it and say thank you

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Quoting ianlikesgolf

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{quote} GJ will probably test my entry in the morning and take me out too or before. i may just take 80-100 pips of I get it and say thank you

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Quoting kevin1959

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{quote} I think you got in at 192.60ish My daily pivot is 191.64 which could be the 80 to 100 pips tou are looking for

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Quoting ianlikesgolf

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{quote} 192.65 was my entry, it moved too fast. 192.73 is the daily38 fib. if it tests there again it may just blow through there with ease or go down 100.... pips GJ took me out. from the beginning of London to the end of London is GJ, so at London closing time is best to see what it is doing today.

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Quoting Kwt4x

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I really cant see any signal to sell. visually, everything is pointing up. thats why TIME save you from analyzing and you just follow direction, if we are playing a game of hunting longer waves, we should be waiting for shorter waves(pullback) to end so we can enter again with the direction. until direction it self go into sideway. the simplest way is to check previous day, if it was HH you should look for HL pullback to enter for another HH, if it was LL you should look for LH pullback to enter for another LL. {image}

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Quoting Kwt4x

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I really cant see any signal to sell. visually, everything is pointing up. thats why TIME save you from analyzing and you just follow direction, if we are playing a game of hunting longer waves, we should be waiting for shorter waves(pullback) to end so we can enter again with the direction. until direction it self go into sideway. the simplest way is to check previous day, if it was HH you should look for HL pullback to enter for another HH, if it was LL you should look for LH pullback to enter for another LL. {image}

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Quoting sakimer

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The long limit order for USD/JPY was eroded by about 10 pips, but it has rebounded and risen safely. The peaks of the sub-selling are perfectly aligned. In M30, it is a red selling histogram, but in H4, it is a green buying histogram. {image} {image}

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