Cable Update (GBPUSD)

Quoting PayTheLimit

Disliked

Ok, I think you did two GJ trades, both longs..one win/one loss...I basically would not have done either, on account of their proximity to the highs. Your second one was done after a failure of Thursdays high, and I would have at least waited for a retest of the open...

Ignored

Quoting Mr Breakout

Disliked

{quote} PayTheLimit, remember that our conversation was about the relevance of the 1H charts for day traders (who usually use the 1 to 15 min time frames only). So far your demonstration does not address this issue, and there are no charts that explain your point of view.

Ignored

Quoting PayTheLimit

Disliked

{quote} yes well the relevance of the hourly chart is that I would not have taken either of those trades...you where in the noise bleed section, with no decent PA for reference...again as per the hourly...

Ignored

Quoting Mr Breakout

Disliked

{quote} Alright, whatever, we will talk about this later, too tired now. Good night and have a good weekend.

Ignored

Quoting PayTheLimit

Disliked

I think next week, when you put a trade on, I will point out what I see on the hourly as close to time you put it on...that will perhaps be more helpful than looking back

Ignored

Quoting Nala66

Disliked

This is a pointless argument because it depends entirely on the trader. Some setup a trade and toddle off to work checking the results on their return. Others may just check in every couple of hours. Then there are the traders who sit and watch multiple pairs, others watch just one pair such as this. The point is there are opportunities for all. Myself I use the higher time frames for a guide and then trade the short and snappy moves on the lower time frames. The signals are all fractal so if there is a move counter to the higher time frame then...

Ignored

Quoting Mr Breakout

Disliked

{quote} So you truly believe that the 1H charts could help day traders like me (I personally use the 5 and 15 minutes charts) make more money in the long run? Fair enough. Then please show us a single example/chart to prove your point, when you have a minute. Thanks. (For those of you who just joined us and didn't get to catch this conversation I maintain that the 1H charts are virtually worthless for day traders. It's like trying to extract a bad tooth with a jack hammer.)

Ignored

Quoting PayTheLimit

Disliked

two supports I'll keep an eye on next week, don't see any resistance worth mentioning for now...have a good weekend.. {image}

Ignored

Quoting digger1

Disliked

{quote} Could dribble back to 1.24ish area , lots to use for support in there , quarterly pivot , 50% level on the daily chart from the lows with quarterly open just slightly lower , some where in there it could start a climb for the daily high at 1.2780ish area, ultimately if it stays bullish a poke at the 1.32ish area (50% level on monthly drop ) would not be out of the equation , good weekend to all ,,,,,,,,,,, E 1.32 is just a step on the way to your 1.80 lol GBP.jpg;2160653 {image}

Ignored

Quoting elbert3

Disliked

{quote} Lol morning Big D ig .Time will tell you know Lock goes on about gaps well I will let you in on a secret . But don't tell . You see my little pic the chart that comes up ? Well in that pic there is a gap at 1.6450 area and I lost 3k chasing it ... One thinks gaps always get filled ? Well . I don't have the original pi of the chart but that is why I keep it there ! If anybody can find it .

Ignored