Trend — Up Trend: Price makes a HH followed by a HL, then another HH Down Trend: Price makes a LL followed by a LH, then another LL Time Frame: Each time frame might have a different trend. It is logical, as with many systems, to trade in the ...

How do you find and confirm a trend?

If I am trading say Euro, CHF and Cable. If they all set up together, for one of my edges I might: 1. Take the one with the best technical set up or 2. Split risk between 2 or 3. I take each situation on it's merit and try to be flexible. However, ...

Trade Correlation

Reported that Cable action due to M and A news. Qatar's Delta Find 2 increasing their stake in Sainsburys. 9877 Fib 20132 / 9621 50.0 9873 SBR 9863 Jun 7 Ret Hi 9843 Sess Hi 9842 SBR 9835 Fib 9968 / 9621 61.8 9816 Ret Spike Lo 9778 RBS Med 9771 Fib ...

Cable Update (GBPUSD)

1.9770/80 area looks good for a short ? 9890 Offers Stronger 9873 May 16 Hi 9872 May 15 Hi 9865/75 Offers 9845 SBR Med 9843 May 16 Ret Hi 9835/50 Offers 9804 SBR Med 9804 May 16 Ret Hi 9800 Stops Above 9787/92 May 17 Hi X 2 9778 May 17 Intra Hi 9778 ...

Cable Update (GBPUSD)

Looking neutral @ the moment. UK Retail Sales @ 9.30 UK time. 9875/85 Offers Stronger 9873 May 16 Hi 9872 May 15 Hi 9845 SBR Med 9843 May 16 Ret Hi 9825/35 Offers 9820 Fib 9873 / 9733 61.8 9804 SBR Med 9804 May 16 Ret Hi 9803 Fib 9873 / 9733 50.0 ...

Cable Update (GBPUSD)

Well the 9750/60 area is being reported as key support, to keep the bulls positive. 9999 May 9 Hi 9993 May 2 Hi 9984 Fib 21032 / 9745 61.8 9973 May 9 Intra Hi 9962 May 10 Hi 9947 May 10 Intra Hi 9939 Fib 21032 / 9745 50.0 9927 SBR Med 9920 May 10 ...

Cable Update (GBPUSD)

Doubt much will happen B4 14.15 BST Industrial Production. Any thoughts ? 9984 Fib 21032 / 9745 61.8 9973 May 9 Intra Hi 9962 May 10 Hi 9947 May 10 Intra Hi 9939 Fib 21032 / 9745 50.0 9930/40 Offers Strong 9927 SBR Med 9920 May 10 Ret Hi 9910 May 10 ...

Cable Update (GBPUSD)

Just numbers I keep updating in a personal spreadsheet while I am trading. Good way to fund confluence at different price levels. Good to use for entries, targets and stop protection.

Cable Update (GBPUSD)

Got to be good for a intraday long on a bounce of this cluster ?: 9847 Session Spike Lo 9845 Asian Lo 9844 Resistance Becomes Support 9837 May 14 Ret Lo 9826 Resistance Becomes Support 9823 Fib 9745 / 9872 38.2 9820/5 MNI Report Key Bids

Cable Update (GBPUSD)

Engulfing day yesterday, key reversal signal ? 20068 Apr 20 Hi 20007 May 1 Ret Hi 9999 May 9 Hi 9993 May 2 Hi 9984 Fib 21032 / 9745 61.8 9973 May 9 Intra Hi 9962 May 10 Hi 9947 May 10 Intra Hi 9939 Fib 21032 / 9745 50.0 9930/40 Offers Stronger 9927 ...

Cable Update (GBPUSD)

Looking for the short, but waiting for a break of this 60/70 area. 9858 May 10 Ret Hi 9853 Fib 9999 / 9762 38.2 9849 SBR Strong 9846 May 11 Hi 9845/65 Offers 9845 May 14 Hi 9841 May 10 Ret Hi 9830 Offers Ahead Off 9826 Sess Hi 9822 May 14 Intra Hi ...

Cable Update (GBPUSD)

url Here is a great primer on Fibonacci.

Fibonacci

Thanks

Currency Trader Magazine - Feb

Are you trying to sell the system ?

Yesterday +140, December 2006 +1000