Scalp, scalp, scalp

short at 11

1 min entry chart ,
stop at b/e
02 target cycle cleared .if she breaks the round number 86 is 2nd target zone,possibly a retest at the average thats risk hence protect open

average retested stopped at open

sterling now showing positive value from negative ,refrain from shorts for mo,

WAS

yes indeed ,i protect my open like a scotsman in a bar !

short 23

closed 29 _ 6

done for the day

short at 29 0n cable

stop placement 35 -6

if she dosnot break below this present range on this 3rd attempt ill protect my open

stop placement 32 _ 3

i havnot taken the obvious 16 pip scalp gonna let this play out,with minimal risk.at present the over all market supports

just returned from an errand ,my short came back and took my small stop ,cable has drifted along in a narrow range yesterday and today ,maybe well get an injection tomorrow with news .

price back at the 30 ish level

i only trade cable and after a long time of watching this pair i reconise some of her traits,and the relationships she has with the basket,but yes the syne and harmoney dictates my bias .

the initial energy is measured from the break out candle on 4 hours and below ,or if measured from a selected period of time ,t/f, from a converged averaged zone.

its the momentum, volume and energy after the accumulation ,imagine pinging an elastic band ,depending on the force applied th distance can be calculated on the maximun distance it can travel if unhindred by unknown variables.

the simple fact is that the projections are equal above price and below price ,they amount to the same thing ,my initial bias is in the direction of the lead candle ,remaining in the trade for completion of the cycle ,the potential is monitored by the basket,synce or not .the unknown variables can change the now moment at any time .but as i have shown in the last 100 pages in this journel they will complete and they will also be the next average price .

when various t/f ,s potentials converge it indicates clusters of orders be it stops or limits ect ,your capturing a large part of the particpents interests ,price will average there during the futer accumilation

but i do not know the futer information unfolding ,thats why i use the basket ,greater understanding of the whole .the information from this is priceless

i hope that gives you some clarity as to my trading.

i hope this chart helps,

ive broken the chart into 2 halves ,yesterday with some of the levels leading into london and the recalculated levels at london open.

yesterdays converged averages wkly,daily 4 hour,as you can se became the daily max potential which was the high of the day and the turning point,

london kicked in with the low of the day yesterdays 15 min s low ,completed cycle.price then traded at the averages 20 to 30 zone before completing the daily cycle at the daily s high ,supported at the averaged price ,topping out at weekly.

back down to 30 level and failing to get above 15 min av.

these price levels in a range market swap positions but remain the same

im not sure im making any sense ,but it is there just difficult to see .

ill climb back under my rock

" "

thanks diceman......i think some also iuse point and figure to project possible price...am not sure if i am right though.....

cable long 01

stop placement now upto 99 _2

stopped 99 _2

buying cable from 04 ,having bloody ststem problems here