If you are not afraid of buying into the resistance ahead.

Cable Update (GBPUSD)

Nuggets: Only trade with the big players - the market makers, not against them. If a trend is flimsy and does not coincide with their positioning, ignore it.

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Hahaaa...Green pips to you.

Cable Update (GBPUSD)

Which is? If you want to see a reason, check the daily chart. KP

NZD/USD

Still within the immediate 4-hr S/R zone. Welcome to FF. Green pips to you. KP

AUD/USD

Safer! Longing into a weekly S/R zone is a riskier game. KP

Cable Update (GBPUSD)

Who is causing the large sell candles or the large buy candles. They are the big traders, the market makers. They draw the less informed to the wrong side of their intention and wait to strike. KP

TRD

Are you converting me??

Cable Update (GBPUSD)

Although, I don't do GA, I love your top-down outlook. However, I would've done a weekly and daily rather than a monthly and daily. Good point made nevertheless. Lol KP

Cable Update (GBPUSD)

BTW, my three live trading accounts don't look good atm. That doesn't bother me; I made mistakes perfecting my system and I use all the three accounts to test what I have now seen as a simple and efficient trading system. Yes, to boot, I have been ...

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Using traditional S/R zones on HTFs like daily and weekly, confirmed by price action at the zones, and with perhaps a confluence factor e.g. fib, pivot or 200 MA, will offer a great probability for trading success. KP

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Traditional S/R does far better imho. Using S/R on HTF, e.g. weekly, with confirmation of pa has greater probability of success. KP

Cable Update (GBPUSD)

Reversing myself on this. Shooting star formed on both 4-hour and 1-hour charts. Strong 1-hour bearish candle pierced the daily pivot. Greater probability of southward move. KP

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Watching EG, northwards atm. Rejecting daily pivot? Not taking it though as my hands are already full. I am doing this mainly to test my market analytical skill. KP image image

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Best approach atm is to step aside. KP Edit: Still sideways/ranging pa.

EURUSD

Example of GBPUSD daily chart attached. KP image

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TE, KeenPips. Indicators: Two EMAs for mean reversion/trend trading at HTFs with MARSI. Lol Edit: Based on pa reaction at quality S/R or S/D zones identified on weekly and daily charts.

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A fundamental aspect of my trading system is the use of quality turning points, e.g. S/R and S/D zones. Using a top down approach, I need to first identify such turning points on two HTFs. Then wait to see how pa behaves at such turning points. KP

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The market can be funny. Let's wait for it. In recent months, we have seen the market behaving contrary to fundamentals or even technicals on a number of times. KP

Cable Update (GBPUSD)

Making sense of the market can be difficult. Patience to wait and trade the pa we see on our platform is key. KP

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