Hi FXo, sure, these Big Numbers up here (8900 thru 9150) dangle a tempting bait to short any weakness on the part of the Cable Bulls to push on past the summers highs.....& I'm not suggesting there's no merit in adopting that stance, it's just ...

Is this the big reversal point for the dollar?

yeah, the t/line down from the summer highs has put a lid on it today...but I'd like to see the back of 8650 before piling in with any degree of confidence..... 9085-9100 horizontal res zones are marrying the Q2 ascending t/lines farther up....if ...

Is this the big reversal point for the dollar?

nothing can/will tell you whether a level will hold or not athalon7...... price will do what it will, regardless of lines or indicator plots on a technical canvas.....Fibs, as well as pivots, trendlines or whatever else one utilizes to assist in ...

Bagovino Method

absolutely! which is why you often witness fake outs around the "obvious" b/o levels........ it's easy money for the sharks - all they need do is run price back & forth around a Big Number or an area of prev consolidation prior to a potential b/o ...

Breakout Strategy - The Pro's Way

it's entirely price dependant Micardo...... wherever possible I look for a confluence of events to strengthen a potential entry.....by that I mean price being accompanied via a prev zone of horizontal s&r, maybe a Fib line from one of the larger ...

Breakout Strategy - The Pro's Way

replacement of good for you, well done! yeah, like I said - today isn't particularly the greatest of examples, but the action/reaction around the 8800 was no doubt sufficient to engage, going with the short term flow........ occasionally the price ...

Breakout Strategy - The Pro's Way

it's no secret Cable likes to channel.....the hourly top end is adding to this mornings bustle at this pivot resistance level.....and the lower lines (prev s&r activity) can be referenced as potential entry points on any near term exhaustion off ...

Breakout Strategy - The Pro's Way

apologies....I had a 'blonde moment' in that 1st chart on the prev post...... the resistance up here at current levels is actually finding it tough at the R2 pivot, not the R1 as highlighted!........

Breakout Strategy - The Pro's Way

bit of a patchy example of today's Asian shift b/o potential, as it's currently huffing & puffing at the b/o zone - but the bigger picture lends itself to a decent pitch towards Friday's high & beyond, providing the Cable Bulls can sustain this ...

Breakout Strategy - The Pro's Way

that's the key to playing this type of strat, especially on that 'whippy, spikey Cable' just watch the Asian shift range & guage your H-L range markers.....quite a lot of the entries will follow thru adequately enough to at least book profits on ...

Breakout Strategy - The Pro's Way

yeah, I understand what you're saying saaed - but leading into Mondays (10th) London open, those configurations were the most recent supply lines so, triggering (at the end of the NY shift) at that level was executing the opportunity available at ...

Mouteki Trading

is there not a more recent top than that?? what bout the bar of Oct 10, (with 2 lower bars either side) or am I growling up the wrong tree?

Mouteki Trading

ok, thanks......... yeah, have got twoblinks thread stuff primed in mail-alert, again - time isn't a great friend at the mo, but will be perusing more at the w/end....... the Lien comments remind me of a couple similar Jimmy Young warnings on the ...

Mouteki Trading

sorry, missed this post.......sure, I'm certain it was too...... if my response(s) appeared defensive or haughty, I can assure you they weren't intended as such........ there's some excellent posters on here & good banter! and I guess throwing a few ...

Mouteki Trading

no, I haven't checked that out as yet, but will - thanks! I only came across this (mouteki) stuff late last week, so haven't had the opportunity to ferret thru all the accompanying threads.........

Mouteki Trading

sure......it's a big dilemma when attempting to fit a system (& it's rules) around your own personal preferences for trading a particular instrument...... "do I stick to the absolute laws of the structure & trigger every possible signal" (cos if I ...

Mouteki Trading

I didn't say they didn't interest me.....just that I don't blindly trade rigid rule based systems the trader who shades his eyes from information & knowledge in the vain assumption he 'knows enough' will be in for a rude awakening!! doesn't do ...

Mouteki Trading

I don't dispute your absolute, rigid based rule adherance..... which is why I don't trade these types of "systems"......and as you've rightly poined out, adhering to the exact laws of the entry template, it would have gotten you short...... again, ...

Mouteki Trading

why would you short something you're already "long" in?? has it hit your initial target? has it shunted back to take out your stop?

Mouteki Trading

2 from 3.......... — of the 'long' entries thus far from this temp? floor, I guess you'd still be in the + column....... swinging totally blind on any system (without due care & diligence) will be akin to tossing a coin imo, but the structure ...

Mouteki Trading