expectations are set high on US data tomorrow
Cable Update (GBPUSD)
- #416,363
- Jun 10, 2015 4:18pm Jun 10, 2015 4:18pm
{quote} GU D1 GMT+2 Lets give a chance for bullish marubozu, buy limit .5280. i hope old buy limit .5150 stays untriggered... YPP ~6087 is missing from the pictueGood luck! {image}
Anything is math!
- #416,369
- Jun 10, 2015 8:12pm Jun 10, 2015 8:12pm
- Joined Dec 2013 | Status: Trader | 1,508 Posts
Be humble or be humbled.
- #416,371
- Jun 11, 2015 3:10am Jun 11, 2015 3:10am
{quote} Bought at 1.52225, gonna be careful with SL 1.522 and tp around 1.5249 for now since we couldn't clear the shorts there earlier. Edit: It's squeezing too much, I'm out at 235. Whatever happens happens from here
) . Opportunities will keep coming but it is rather vexing every time this happens.With the solid break and close above 1.55073 on Daily next in the pipeline is 1.565 and we're in a buy-zone, good reaction from 1.5436 so far...
Waiting for the reaction to 1.5463/73 and will buy on the dip there unless it breaks 1.5429
- #416,373
- Edited 4:16am Jun 11, 2015 3:39am | Edited 4:16am
{quote} GU D1 Gmt+2 Limit triggered, let us see if bullish marubozu could hold and push the price up above .5500 again then YPP ~6087 or turn down again for .5000... Good luck! {image}
Edit: Ideally from here (1.5463 atm) price will form a reverse head and shoulders on 5M with bottom at 1.543/4 and second shoulder ending ~1.5448
Edit2: Normal H&S on 1m opening doors for a small move down, got my buy limit at 1.5438. Let's see now
Edit3: Video related
Inserted Video
Edit4: Solid so far, SL is at 1.5394 and I'm looking for 1.5643. Done for the next few hours/day, whatever happens - happens now.
- #416,374
- Jun 11, 2015 4:21am Jun 11, 2015 4:21am
{quote} Good luck to you too Kajos
i rarely see low TF it makes me confused!
Anything is math!
- #416,375
- Edited 5:02am Jun 11, 2015 4:40am | Edited 5:02am
{quote}
There's no difference in terms of analysis really, the only thing that differs is the scale - the 10 to 25-pip move on the 1M or 50 to 140-pip move on the 5M would be a 1000-3000 pip move on the 4H and larger still on the Daily, other than that it's all the same.
I've been trying to get down to the small scales because I want to get into self-hedging my 4H/Daily positions on 5M/15M/1H signals. Been getting it wrong for about 3 months now due to inexperience, mistiming, over-analysis and self-doubt (#allthelosses), but (just barely) starting to get the hang of it now!
It hasn't been good to me mentally, but I hope it will be worth it in the long-term
