Support and resistance areas are good places to look for setup formations on lower timeframes. Weekly. image Daily + Weekly image So, what happens on H4? image

Cable Update (GBPUSD)

This was my first trade today on GU. A simple ~1:1 trade. It can be proven mathematically that going long here is better than doing nothing. And there is where the average retail trader fails to analyze properly the underlying problem at hand and ...

Cable Update (GBPUSD)

+1 - I am long XXXUSD, in this case, EU. I only trade one XXXUSD pair at a time, mostly randomly. EU is M15. I attach also my View on GU. It is the same shit. I know if price breaks down my sl my setup is wrong, then I need to close. GU is M30. The ...

Cable Update (GBPUSD)

He is actually trading price same as you, but he is analyzing the charts in terms of liquidity. There are two main actions you can perform in trading: Reaching for an objective. Hedging your positions. When a market is repricing, these two sides are ...

The brutal truth of day trading

ok, ATR is a good choice. Using 100 you will less influenced by outliers. There is some kind of autocorrelation in markets, you could also try the 5-day ART, the 60-minutes, etc... Thank you.

Market Structure Only- keep your charts clean

That is the point. This system is too complex to be understood unless you spend a few years studying it. I do not even try to argue with neophytes about it. I think that mostly every person that has been introduced to it has already passed through a ...

Order Block Theory - Institutional Trading Method

Hi, which platform are you using? Renko charts are interesting because they actually reflect the actual volume allocation in markets. So if you know, for instance the ADR moves 100 pips for EU, you can set your renko chart to 25 or 30 pips and wait ...

Market Structure Only- keep your charts clean

Nope, the first resistance area is a bit above these highs. So it depends on what price will do there on M15 and m5 that the chart will or not confirm it as a shorting level. The current area is just a position building level where participants are ...

Cable Update (GBPUSD)

I think that you are trading breakouts. It is ok but allow me to give and advice: buy low, sell high. As long as you have a setup, buy only below 50% of your current range and sell only above it. A breakout above the top is not strength, it is just ...

Cable Update (GBPUSD)

Now into APAC session GU should be ranging around for a while. For tomorrow, I would like to see GU falling a bit more before US EST 8:00 AM. That is what I would like to see. I would like to see this to go long.

Cable Update (GBPUSD)

High probability reversal entry point levels. Imo the pattern is POSITIVE, so I would discourage selling right now. But anything can happen, thus I am expecting positive setups for today. Still soon to say, but that is my preliminary bias so far. ...

Cable Update (GBPUSD)

Just related to the RRR and accuracy ideas. All that is just guessing if someone is able to make R trades within a T period which gains average a certain percentage (positive in this case). So if you guys are looking for an answer about the ...

The brutal truth of day trading

I see the drop still in progress due to the negative acceleration that price has now. All that inertia would require some strength to be stopped. So, for the next weeks, it is not crazy assuming that prices have a higher probability of falling a bit ...

Cable Update (GBPUSD)

Great

Market Structure Only- keep your charts clean

There is a false belief in technical analysis. Swings do not act as support or resistance. Swings just determine the rythm price changes. Nothing else, nothing more. Besides, I think you bought a breakout and I think nikosk0 is now showing that. ...

Market Structure Only- keep your charts clean

Lol. I got an awful 1:0.5 RRR EU would had given about 1:3 But well, it added up to the weekly... It is just that looking at the weekly charts, I see certain bearishness in XXXUSD pairs.

Market Structure Only- keep your charts clean

I took a late entry too today. I was looking at the wrong asset, EU would have given me much more, but I like limiting my trades to one during the European session and another one for the American session and just stick to one single instrument per ...

Market Structure Only- keep your charts clean

Basic trading rule no one respects. Considering the structure you have shared. As a main rule of thumb and without acutally analyzing the setup nor the structure itself in terms of price action. Are you able to successfully sell at the tops being ...

Market Structure Only- keep your charts clean

Notice that what we can see on the examples by nikosk0 are just channels. My advice: forget about every single chart pattern you've learned. All that of chart patterns and candlestick trading is a crap and poisons your perception of price. ...

Market Structure Only- keep your charts clean

Just for people doubting. I do the same as @nikosk0 is showing here. I want to support you, pal, by providing extra proof. My analysis is very different but the resulting structure is sometimes the same. What @nikosk0 is teaching here represents ...

Market Structure Only- keep your charts clean