DislikedLooks like its nearly there or perhaps too late. I like the way you use MAs by the way, what is it again?
150 on M5, 25 on M30?Ignored
For Cable I use 3 ma's 25, 150, 365 on all TF's I combine them with SR, TL and Fibs. I use no momentum indicators such as SToch or MACD, occasionally use CCI(85 or 100) on my MT4 charts for Cable depending on the market time and PA action. Always use major support on H4 as guidance, finding the intermediate trend on H1/M30 with entries on M5/M15 once confirmed and again using PA and SR/MA/TL as exits. Always tell guys to turn their monitor upside down once entered and look for the same entry as an exit... (figuratively speaking)
The PA on M5 tells me we are not too late for the short it is still developing, look at the interaction of 25ma on M5. Once entered the trade I continue to pay lots of attention to that 25ma and want it to act as a sloping resistance or support for the duration of the trade, if PA crosses the ma in the opposite direction on M5, I look at the interaction of M15/M30 to see if this is a reversal or just a fake out.
I have 6 screens up so looking at different TF's is pretty easy.
i did not tell u shitt
