Here's some diagrams that describe what you're talking about. These are the 4 basic SR breakout entry techniques.

Cable Update (GBPUSD)

if she shows you love, all the way is the least you can do! lol nice trading

Cable Update (GBPUSD)

I'm still in. target 1.6650.

Cable Update (GBPUSD)

here url Actually it wasn't a classic diamond pattern because it was such a short timeframe that I was factoring it on. It was more of a channel cross. The candles were forming lower highs in the bull channel so I drew the bear channel in and ...

Cable Update (GBPUSD)

thanks Navin I really like your analysis as well. 4H is pancaked on the bottom with nowhere else to go... lol it's going to have to bounce sooner or later.

Cable Update (GBPUSD)

To each his own. I do it the old fashioned way. I start from the highest timeframe drawing SR lines and work my way down to find the highest correlating areas. Since MAs are in motion, they will be in a different place by the time price reaches ...

Cable Update (GBPUSD)

If it isn't.... then we short! lol since GU is correlating with EUR/GBP it's going to be tough. .90 is solid stone at the moment. only rich leprechans believe in SR levels.

Cable Update (GBPUSD)

This is going to be a tough level to break through. A lot of sellers up here. Have to chip away at it little by little. we'll have a smoother ride once we're through this bit. Next will be 1.6645.

Cable Update (GBPUSD)

jumped back in at 1.6485. moved my stop to BE. food can wait.. we retested 1.6480 level as rbs. let's see how this 1H closes but so far it's held. this has been an important SR level since June whenever we get in this area. potential TPs 1.659, ...

Cable Update (GBPUSD)

closed my long. hit my target 1.6508. + 77P had to expand my bull channel a bit see you guys NY. off to dinner. may be more upside to this now that we're above the weekly utl. be careful with your shorts.

Cable Update (GBPUSD)

you too mate! nice one

Cable Update (GBPUSD)

she broke the diamond! 1.631 long. let's see if we can close above 1.648.

Cable Update (GBPUSD)

same. +10 is better than a loss. 1.640 is hanging tough.

Cable Update (GBPUSD)

closed my long at 1.6420. took a small short from there. think we'll paint ourselves into a corner until news unless the ltl or utl of the diamond break. ...

Cable Update (GBPUSD)

The Dow is closed until 9:30AM EST. Nekkei gapped down on open but has moved up a bit. SSE opens shortly.

Cable Update (GBPUSD)

Forex doesn't have a central exchange and therefore never closes. Retail platforms don't support weekend access so we can't trade. For us it's 24/5.

Cable Update (GBPUSD)

there's no gap fill in forex, it 24/7. it's a gap on your broker feed. we had positive GB news this morning. that's what caused the move up. be careful with your longs. utl of the weekly bear channel hasn't been broken yet and 1.647 is holding as ...

Cable Update (GBPUSD)

Let's see how the week opens. Since we were consolidating on Friday close, we still didnt get a clear signal on the immediate direction the market will take. If it remains extremely bullish, a pullback may not happen or could be limited. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

GY — We ended the week bullish on higher timeframes, bearish on lower. 148.6 held pretty well as resistance. Pullback targets downside 147.0 with 146.3 as next support. Upside targets targets 150.0, 152.6, 154.0. Extreme upside 155.8. Have a ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Actually, I remember how I sounded when I was 19. ...lol Good point. If someone's producing consistent results with EW, I have a lot of respect for them. EW and Ichimoku Kinko Hyo are probably the 2 most difficult systems to master. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)