Cable Update (GBPUSD)
the lines are a few places I would consider shorts. First level would be at market price. Positions would be small and would be added to if it went up.
I would also scale down to 15 minute witch i dont do much and watch the price here. if it hits a brick wall it most likely will head down. Watch the candles see if they get smaller and smaller that is a good indication the upmove is exhousted.
Back to my journal I go
Later
MM is indeed everything...
I like to have more than one affirmation of my trade when I take it. Then I am willing to risk my 3%.
the lines are a few places I would consider shorts. First level would be at market price. Positions would be small and would be added to if it went up.
I would also scale down to 15 minute witch i dont do much and watch the price here. if it hits a brick wall it most likely will head down. Watch the candles see if they get smaller and smaller that is a good indication the upmove is exhousted.
Back to my journal I go
Later
My system is based mainly on price action and moving averages and I trust it. No system is 100% but I rarely get bad trades with it.. This looked a very nice setup to me but patience is required....
Everyone's in the trenches with their own guns!
Good post...
i will hold on to my nuclear weapon
.... fbi and cia watch these boards...
man u got to love that 62 ema
eo would of loved that bounce off 62 on the 1h. looks like 5055 held for now.
lol
i didnt sell cause i dont want risk more than 1% on this blasted trade..i wish i did thou...
affinity bro.yur entery are fantastic just like EO
good to see
