ill try to explain my method of trading, my key indication of how i will trade at a given moment comes from my 14 pairs and 8 indicies value change,if they are all out of sync with each other i can determine that the markets are ranging.so i will trade cable from the support resistence levels within the range.i trade cable because i like to concentrate on 1 pair ,i like to feel its heart beat.whilst trading the range im watching for a leader to take the lead from my 14 pairs,example there may be some bad news from china ,this will effect the aud,and...
ill try to explain my method of trading, my key indication of how i will trade at a given moment comes from my 14 pairs and 8 indicies value change,if they are all out of sync with each other i can determine that the markets are ranging.so i will trade cable from the support resistence levels within the range.i trade cable because i like to concentrate on 1 pair ,i like to feel its heart beat.whilst trading the range im watching for a leader to take the lead from my 14 pairs,example there may be some bad news from china ,this will effect the aud,and...
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Yeah i agree GREAT STUFF.. William.. also clear charts
the crazy thing is everbody opens up there platforms and its the first thing you see.
those quotes tell you everything you need to know .
trading yesterdays cable .i could see the money leave the doller and yen this was forward enough to take a buy from the 1 min averaged after the news,the stall point at the maximums is cross related.the retracments and be held whilst the related pairs dont start to break ther stalling lows.
were on the back end of a large down trend ,were at a possible reverse point ,but of as now were at the top of this recent range,149 - 152,a long term buy for me is not an option as of yet.
Lots of news out today,although the first release was positive euro poiund ect,lots more to come,its a day that im cautious.until i see total agreement across market
THE VALUES ARE IN REASONABLE SYNCE.IF THEY SCRAMBLE WITH NO AGREEMENT ILL SCALP THE LEVELS,IF AGREEMENT FROM DATA TRENDS THEN ITS A HOLD AND LET VALUES DETERMINE HOW LONG,
ALSO NOTED,THE WILD CARD IS GREECE ,ANY UNEXPECTED COMMENTARY FROM THERE CAN THROW A WELL ORGANIZED DAY INTO TURMOIL.
Took trade from lead candle.failed to retrace towards its averaged,it had a potential as per chart,once it traded above 15 min s high,i went long for scalp to its potential,you cant see it on this chart but the next candle exhausted just short of that potential.if you note the values you can see it was supported to buy,also at the exhaustion point the values quickly scrambled,athough now they are conforming
The levels from pre london mapped out perfectly for the potential highs,many entry points and the values could have dictated a hold from start to finish.
not trading today,but heres this weeks chart ,lots of clean trades from a structured week,using the same levels all week only adjusting the lower t/f ,s.
although now i will recalculate as from monday london open,break from range
continuation of structure and its breakdown,to continue in a long position we need to see the leads hold there averaged price and trade above, notice every leg up trades from its averaged price from the lead,the lead being continued support in favour of bullsthe resistance now being the dominant averages at 15 min and 1 hour.from this point we can determine a scalp bias.
