Good morning everyone Can anyone tell me why MA's should act as S/R? I can understand maybe the 200EMA on the upper t/f working as the number of participants in the market may be watching those, much like trendlines etc, but I cannot see why say the ...

Cable Update (GBPUSD)

Scurt - I love your posts. No frills, no bells, just calling it as you see it! good luck!

Cable Update (GBPUSD)

I think having trust in either your levels or your interpretation of price is the hardest thing. We operate, in the main, in isolation - there is no-one sitting across the room to whom we can say - hey do you see this the same way as me? Having ...

Cable Update (GBPUSD)

I am guessing you used to work for one of the big boys in the past? What encourage you to make the leap to self-employed?

Cable Update (GBPUSD)

Woah! That setup will seriously tangle with your brain unless you really know what you are doing! Once again, Cloggie, many thanks for your patience. edit - having just read your added comments, I can quite honestly say I feel such an amateur!

Cable Update (GBPUSD)

Yes. This is exactly my problem. But you can't suddenly acquire instinct, I guess that's where the 10,000 screen hours comes in. Oh, and help from you very gracious people here.

Cable Update (GBPUSD)

Sutts - me too. Hesitant and waiting for confirmation after confirmation by which point most of the move has gone! We will get there! We are building knowledge every day. Keep the faith!

Cable Update (GBPUSD)

Thanks all! Yet again, it has been an education! My head is spinning - cable has had quite a day! Off for the evening and some yoga!

Cable Update (GBPUSD)

As the 16.30 M5 candle posted a HL? Edit - I know this isn't an exact science, but it just helps to get a feel for what you see.

Cable Update (GBPUSD)

I have been incorporating the wicks into my levels which will explain why they don't match yours. You have really aided my learning, Cloggie. I am very grateful.

Cable Update (GBPUSD)

Cloggie Are you using the M1 for these late trade entry and exit points?

Cable Update (GBPUSD)

Story of my life at the moment! It will all come together, I'm sure!

Higher low, lower high system

Thank you.

Cable Update (GBPUSD)

I have a midway point of 5762. Is that a valid level?

Cable Update (GBPUSD)

thanks! It was more of a 'feel' I wanted than exact stats. The reason for my question came about from a trade I had going in my head. On GU I had a mental entry at 15892 (the 1-2-3 reversal from the extreme high). It seemed not to be working and I ...

Higher low, lower high system

Great trades! Can I ask you both, how often do you get faked out?

Higher low, lower high system

I wondered if someone could spare 5 minutes to have a quick look at my hour chart and confirm that I have got my SR levels in the right places. I know it sounds really basic, but I just need to check that they go at the swing highs and lows while ...

Cable Update (GBPUSD)

Good morning bbmac. If the H1 candle closed above the upper t/l would you then wait for a retest?

Cable Update (GBPUSD)

Can there be much more upside given the fundies?

EURUSD

Does the NY open offer similar opportunities or is it more straightforward?

Higher low, lower high system