Whale, here is my trigger chart (5M), it's too close to the first resistance zone ( WL & PP)

Coreg's EW+HP+D/W Range

The chart reveals what the smart money is doing, while the fundamentals convey what they want you to think. Stay focused on the chart with the TF of your choice

Cable Update (GBPUSD)

Hold 'em or fold 'em?

Coreg's EW+HP+D/W Range

msqk, I like to share the technical tools I use and encourage others to see if these tools would benefit them.

Coreg's EW+HP+D/W Range

Leon was last seen 22 days ago before entering a long trade at 1.3220 and going scuba diving.

Cable Update (GBPUSD)

... BPC (breakout, pullback, continuation) image image image

Coreg's EW+HP+D/W Range

Don, allow me to break the news to you: the day trader focuses on the market structure, too.

Cable Update (GBPUSD)

Whale, if I remember correctly, after the last FOMC meeting, nothing big happened, unless they want to shake the market this time.

Coreg's EW+HP+D/W Range

msqk, there is no guarantee that the next snake will bite you too... Why not use the TL in conjunction with other technical analysis? Let's say you expect correction of AB=CD, then you see TL cross over, would you hesitate to take the trade? ...

Coreg's EW+HP+D/W Range

Whale, you are right. This level is reinforced on the daily chart by a solid support zone, but it can be temporary if a bigger pattern is in play, pushing the price to 1.2954. All speculation now, let's stay in the present.

Coreg's EW+HP+D/W Range

msqk, all jokes aside, the TL is a very valuable tool if you know how to use it. I am a visual trader, glancing at the chart with the TL or channel tells me expectation atm, nothing else. image image

Coreg's EW+HP+D/W Range

After 2 consecutive ID bars on the daily chart, GU printed an NR4 bar barely poking the prior day's low. Below is a 2H chart to give a wider view what to expect today and tomorrow. GU hit the min target to teh downside at AB=CD @1.3093 but is still ...

Coreg's EW+HP+D/W Range

Who is going to win this battle?

Coreg's EW+HP+D/W Range

It's a mess. Inside bar, so it shouldn't be a surprise.

Coreg's EW+HP+D/W Range

End of the day...GU traded today between midpoints M3 and M2

Coreg's EW+HP+D/W Range

Gold hit the completion zone for the bullish crab pattern.

Coreg's EW+HP+D/W Range

Suddenly, Mr. Dollar woke up.

Coreg's EW+HP+D/W Range

Whale, as long as PP holds, a long trade is the way to go. Watch YCL @1.3174. If GU doesn't pick up the speed, there is a possibility for the 2nd ID bar in the row, so tomorrow we can have more fun.

Coreg's EW+HP+D/W Range

TL broke...

Coreg's EW+HP+D/W Range

Abeylyn, someone said that the market is always in the range, and I agree with this statement. It all depends on what swing we trade. The weekly TF still didn't reach min time for potential reversal, if at all.

Coreg's EW+HP+D/W Range