I've been looking only on the daily since I opened the account. In fact my GbpJpy trade and this trade on the GbpUsd are both taken on the daily chart. But weekly? I don't think it will be suitable for my account size. The very long term trades like ...

How far down do you think the Pound is going? -Daily Chart

Looking for reversals because I wanna get used to a system that matches with my life style which is unfortunately very busy. So, in the limited time I've I wanna set a trade with big targets because I won't be on the screen for a time more than like ...

How far down do you think the Pound is going? -Daily Chart

Hahaha I can't go broke man since this is a demo account and it's my first month in the market so I didn't chose what type of analysis I'll follow yet

How far down do you think the Pound is going? -Daily Chart

Aha I see .... anyway I'm always looking for the 4h close and any close above the next resistance @ 1.5840 would suggest going up and I'll be out.

How far down do you think the Pound is going? -Daily Chart

I thought a divergence + good S/R level can indicate a trend reversal. If you could explain this point more it'd be awesome

How far down do you think the Pound is going? -Daily Chart

More explanation for this point would be useful

How far down do you think the Pound is going? -Daily Chart

An update: I've changed the tp areas to a closer ones. I'll explain later how I choosed the new ones but I'm on mobile now so it's hard to attach a chart. Anyway you can find the new tp areas in my trader explorer as it's public. I did that now ...

How far down do you think the Pound is going? -Daily Chart

Still for the explanation

How far down do you think the Pound is going? -Daily Chart

I checked it .. Just wanna make sure that's what you meant by those points ? ... do you believe that the price will smash all the S and R levels and complete the whole wave !? .. Reasons ?

How far down do you think the Pound is going? -Daily Chart

Short and straight I usually like that style but I'm here to learn so a chart to clarify why you picked these points would be AWESOME

How far down do you think the Pound is going? -Daily Chart

I don't get it ... some explanation please

How far down do you think the Pound is going? -Daily Chart

Man I don't even have money in the market to confuse myself and learning how to place the tp properly is also learning I guess

How far down do you think the Pound is going? -Daily Chart

Because I'm not trading. I'm just learning and yesterday when I asked them about a chance I found on the GbpJpy a lot of the replies helped me know things I don't since I'm beginner. but it seems like they're busy for now

How far down do you think the Pound is going? -Daily Chart

And a divergence has just formed now on the daily chart so now we have a Strong Resistance + Divergence + Macd cross down on the 4H + Reversal Candle + A trend to be retested + Momentum below 100 = I'm 70% convinced the price is going down ... ...

How far down do you think the Pound is going? -Daily Chart

in 25 minutes the last 4h candle of the day will be closed ( waiting for the confirmation of the macd crossover ) and the daily candle close, too ( waiting for a reversal candle to appear e.g. hammer, doji or whatever ) then I'll sell it ...

How far down do you think the Pound is going? -Daily Chart

and on the 1H chart there's a high probability of trend retest + Momentum level < 100 and heading down.

How far down do you think the Pound is going? -Daily Chart

This Doji candlestick forming on the Daily chart is supporting the theory.

How far down do you think the Pound is going? -Daily Chart

Man you're reading my mind ... I've already made two threads for two trades in the trading discussion forum and traded one of them on the GbpJpy, you can find it in my explorer in my signature and going to make the third one now here are ...

Swing it baby ;-)