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knkie replied Dec 7, 2022so why are you not using it? in case you are interestd: the AO is nothing else than the delta of a 34 moving average and a 5 moving average calculated on the median price.
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knkie replied Dec 7, 2022Exit +22 and +20 pips 60+ for the day It will probably go up some more. Id like to re-enter on a pullback
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knkie replied Dec 7, 2022im gonna try a short for 10 pips entry 2145 tight stop
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knkie replied Dec 7, 2022yep always keeping an eye on HF's. I usually dont go higher than H1 I feel H4 gets in the way of quick rides. Meanwhile...price went thru that support level i was looking at. so sidelines again for now
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knkie replied Dec 7, 2022I think there is enough upward momentum to take M5 swings Ideally id like to see price pull back to about 2156
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knkie replied Dec 7, 2022yes i get that. But what im curious about is which bar you open the trade on. The first H4 down bar that touches or the 2nd H4 up bar that moves away from the zone.
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knkie replied Dec 7, 2022well im just sticking to my method. closed my long with +20 pips on M5. If price pulls back to around 2142 i may go in again
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knkie replied Dec 7, 2022thank you Pat nice and clear.
But just to be sure: did you open the trade on the H4 down close bar or when the new H4 open bar was finished? I think its the touch of the close bar right?Cable Update (GBPUSD)
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knkie replied Dec 7, 2022uhm yes but were you not advocating that H1 was in a rally? .... confused what your bias is now.... I look at M30, M15 & M5 mainly for quick rides. Im trying a Long @ 2148 on M5 just now
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knkie replied Dec 7, 2022do you really open the trade on the touch or do you wait for some kind of 2nd bar confirmation?
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knkie replied Dec 7, 2022if you are good at trading ranges then this is type of price action is wonderful im not good at this at all. I need momentum in a certain direction.
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knkie replied Dec 7, 2022you could be right i not at all certain about the direction yet. Im on the sidelines until i see a clear direction
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knkie replied Dec 7, 2022LF's are bearish but H1 is still holding But it seems to be turning south Im looking at an M5 entry short soon i could certainly be wrong
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knkie replied Dec 6, 2022m30 broke up m15 confirmed im long from 2193 open target
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