I get your point , mate - especially as most of our moves are intraday , you need a pretty strong conviction I suppose , to place an entry before LO
I guess for med/long term though , session opens are just "noise"
Long 16365 same stop as before
Closing 14360
that is exactly what i meant!! here is a motivational song for u
Closing 16380 ... will look to buy dips , unless they're ridiculously massive
Short 16370 SL 16410 - this is where I get smacked for flipping bias
Aren't you guys buying cable forgetting something?
1. http://www.forexfactory.com/showpost...postcount=9463
Be patient. The current level WILL punish you if you're not. Good luck
After last week , I respect your bearish sensitivities
Also - how do you think the H8 H&S is turning out? I've had a look but it's not so clear to me ...
i went long from the DP and targeting 6423 at least... yesterday's chart would have worked good... now i don't think there will be a clear direction and probably we will struggle (as we are already doing) between 6340 and 6420. General outlook is down, as we are under WP and MP, that is why i go long with half of my usual lotsize and short with the full usual lotsize
You are forgetting something too. We always take a bounce or breakout with proper clearance. Price has not cleared the DP yet, wicks are still there for the past 4 hours, that does not indicate a bounce.
And since the general outlook to you is down, you should generally look to sell, not buy! You don't scalp, you are horrible at it, don't change your gameplan, don't change your approach just for a few pips. It ain't worth it.
Stick to what you know best my friend
or even go short ... the bear is out there
Always willing to take some good advice... out of the trade
You're welcome
Patience pays better my friend. Good luck!
I understand everyone's concern regarding the D1 hammer but 6420 level is very important. If the D1 is what people are using to gauge the direction then use the D1 to confirm the reversal, not the LTF! Look not even the H1 had cleared 6420. Ideally you'd want to wait for today's close to be bullish & close higher than 6450 to complete the morning star formation, which is a much potent reversal pattern than the hammer alone before building any long positions.
Anyway if you're just scalping the odd pips than by all means go for it,...
HEY i got 3 BIG PIPS!!!!!
and i am horrible at scalping... for now!!
No man , that's TRUE scalping , old school style - buy at the bid , sell at the ask
or panic selling I understand everyone's concern regarding the D1 hammer but 6420 level is very important. If the D1 is what people are using to gauge the direction then use the D1 to confirm the reversal, not the LTF! Look not even the H1 had cleared 6420. Ideally you'd want to wait for today's close to be bullish & close higher than 6450 to complete the morning star formation, which is a much potent reversal pattern than the hammer alone before building any long positions.
Anyway if you're just scalping the odd pips than by all means go for it, I'm just sounding...
