PayTheLimit, remember that our conversation was about the relevance of the 1H charts for day traders (who usually use the 1 to 15 min time frames only). So far your demonstration does not address this issue, and there are no charts that explain your ...

Cable Update (GBPUSD)

No problem my friend, take your time.

Cable Update (GBPUSD)

So you truly believe that the 1H charts could help day traders like me (I personally use the 5 and 15 minutes charts) make more money in the long run? Fair enough. Then please show us a single example/chart to prove your point, when you have a ...

Cable Update (GBPUSD)

Hahahaha

MT4 or MT5, Which do you prefer?

Alright, so who made the big bucks this week on the cable?

Cable Update (GBPUSD)

The cable did hit that 1.2570 level (around 4:15 AM EST), as expected, PayTheLimit. Hope you moved your stop to break-even at that moment.

Cable Update (GBPUSD)

Alright enough Forex for today, off to bed now. Take care all. Over and out.

Cable Update (GBPUSD)

There is no trap. Apply the same profitable trading system on the 15 min charts (day trading), and on the daily charts (long term trading) and you will notice that the day-trading system ALWAYS ends up making more money at the end of the year. You ...

Cable Update (GBPUSD)

Good luck, even though I don't know your target price. The cable should hit 2570 in a few moments, however.

Cable Update (GBPUSD)

Watch out, the cable is not in the mood for a pullback.

Cable Update (GBPUSD)

Out at 144.35 (15 pip loss), the cable is dragging GBP/JPY down, even though the Yen is going up. Oh well.

Cable Update (GBPUSD)

Less trades = less money. (4 trades at 20 pip profit each that's better than 1 trade that brings 40 pips) 1h chart = bigger stop. I stick with the 5 and 15 minutes charts, believe me that's plenty.

Cable Update (GBPUSD)

Nope, looking at higher time frames when day-trading only adds more confusion to the decision-making process. I am aware of this top-down approach (looking at different time frames, what Alexander Elder calls the triple screen concept) but where is ...

Cable Update (GBPUSD)

Bought GBP/JPY 144.50, same stop (35 pips).

Cable Update (GBPUSD)

The 1h is one of the most used time frame yes, but not the most important. Besides, they are no "important" time frames. If you are scalping the market the tick and the 1 min charts are important. For day trading the 5 and 15 min are important. For ...

Cable Update (GBPUSD)

You divided the range by 4 to get those 4 red lines, no?

Cable Update (GBPUSD)

You are using the 1h time frame/charts if I understand correctly. I never touch them, they are almost worthless for day trading.

Cable Update (GBPUSD)

Out at 144.35, 15 pip loss. Will try to re-enter later.

Cable Update (GBPUSD)

It's true, the Market Profile concept has been discovered some 20 years ago. It is indeed a very interesting tool for the traders, especially if you add the volume element. One of the best book on the subject is Mind Over Markets: Power Trading with ...

Most traders fail because of no discipline!

GBP/USD going down and not waiting for any pullback. Tsk tsk tsk, that's not nice Mister Cable.

Cable Update (GBPUSD)