Thanks Cloggie That kind of implies that the idea of a tight stop doesnt really exist if a stop loss is based on the idea that if it were to get hit it would have invalidated the reason for the original trade (which is what I think you are saying). ...

Cable Update (GBPUSD)

Hi Cloggie You've mentioned that scalping £/$ today has some possibilities with the proviso of a tight stop. In your experience if scalping this pair what would you call a tight stop ? 10 Pips/15 Pips or less Thanks in advance V

Cable Update (GBPUSD)

Thanks again for all your advice Pipchick. I noticed earlier that you recommended 24 EMA rather than 26 which is standard.Is this because you have found it more effective on Cable ? Finally and I know this is probably a really dumb ? but what is ...

Cable Update (GBPUSD)

Thanks Pipchick, Ok so that means there was also Bullish Divergence from the 2200 GMT low yest to the 0700 GMT low this morning as MACD Hist L/L was sloping up but PA had made a lower low.This would partly explain the move up this morning yes ? ...

Cable Update (GBPUSD)

Hi Pipchick It looks to me like you use the Histogram H/H and L/L to check for divergence.Re my earlier question is this the accepted norm.I was wondering why one site was advocating the MACD line H/H and L/L for divergence checks. Thanks again. V

Cable Update (GBPUSD)

Hi Guys, Quick question for you concerning MACD Oscillator and Convergence/Divergence. In a couple of places I have read it says you should compare the MACD H/H with PA HH and reverse for L/L In a couple of other places they recommend comapring ...

Cable Update (GBPUSD)

Hi All My 2 cents worth the breakout didnt work because on STF both CCI and Stochs were both in OB BEFORE the break. V

EURUSD

Hi Wormboy Sorry I phrased that incorrectly.I meant what the Pivots ? Daily or Weekly ? Thanks again V

Cable Update (GBPUSD)

Hi Wormboy Do you mind if I ask what timeframe are the Pivots you have indicated on your charts ? Thanks V

Cable Update (GBPUSD)

Hi Wormboy Well done for dealing with unecessary hassles and still finding time to help other traders. Also thanks for clear explanations in your charts. V

Cable Update (GBPUSD)

Hi BBMAC and Trending Re your channel chart Trending I'm slightly confused.When I look at 1 HR TF all the points on the channel are identified as Fractal by MT4. So perhaps BBMAC I'm missing something here. Also at 290 pips thats a fair size channel ...

Cable Update (GBPUSD)

Hi Mr Hatch Seems you are one of the few who pay attention to fibs.Did you see how the low this morning bounced off the 38.2 fib from yesterdays high low ? Or how support of the big doji at 1300 GMT today was at the 86 fib from the same move ? One ...

EURUSD

Hi Bialy, That is a Triangle pattern, a continuation pattern and most of the time this pattern breaks out in the direction of the original trend, in this case upwards.That doesn't mean it will this time just that the probability is greater that it ...

EURUSD

Hi Cloggie, Have seen a lot of posts from you and you seem pretty well respected by the other posters. I agree that MM and patience are key to progression. You've talked a few times about waiting for the easy trades. I wonder what is your definition ...

Cable Update (GBPUSD)

Shorted the Tweezer top at 61.8 Fib.Trend is up but didn't like the ascending wedge formation.Strictly a short term trade.See what happens at the ascending support line. V

Cable Update (GBPUSD)

Hi Dil Here's the pdf he gave.I expect you kow this stuff already but a refresher is never a bad thing. Trades are doing ok.I mainly trade of PA and Fib levels.Eg this week breach of 23.6 retrace from the Early August high.Rejection at 38.2 support ...

Cable Update (GBPUSD)

Hi Dil, What do you think of the Dual CCI ? At the very least it should save you some space ! V

Cable Update (GBPUSD)

Hi Meszy18 That would be great. Thanks V

Cable Update (GBPUSD)

Hi Dayboy Not necessarily need to drop much lower.Another consolidation forming here.Also there is support at the 23.6 fib from the Asian low to high. A retrace to 23.6 is usually a continuation signal. By the way they are some handy little figures ...

Cable Update (GBPUSD)

Hi Dil, It was freely available on FXStreet so I can't see there being any restrictions to sharing it. Let me know waht you think. V

Cable Update (GBPUSD)