I think we are still - more or less - were we were yesterday: indecision

Cable Update (GBPUSD)

interesting

Cable Update (GBPUSD)

you and all divergence traders

Gold

This is in-between time, I think. Could go up, could go down, could be a SHS-in-the-making... Wait for a breakout and retest seems a good idea...

Gold

Still structurally up, you say: it very much depends on how you define "structurally up" - for example: price is above or below daily open... (I think it would be so much better if people started giving their criteria for bias, otherwise these ...

Gold

not totally unexpected...

Gold

thanks, as always, for your work! Looks a bit overblown (especially as some of the indicators measure the same thing; quantity-vs-quality-discussion) It's usefulness is extremely limited if you cannot edit inputs (indicator period & colouring etc)

MTF Dashboard thread

you don't "read" encyclopdias; you use them as "reference books"

Cable Update (GBPUSD)

In reference to Mr Bulkowski: Time has moved on... Take a look at: Thomas N. Bulkowski - Encyclopedia of Chart Patterns (2021)

Cable Update (GBPUSD)

and - as in this case - divergence

Cable Update (GBPUSD)

It seems to me that you look for reversals and that seems to work well in ranges, but during trends it can be an altogether different matter as you get false signals that can be way off the mark.

TDI Shark Fin

the buy-option (counter-trend) has been there for some time...

Cable Update (GBPUSD)

Yes, one person may be checking xMAs and their slopes (on xTFs)... another may check pivot lines... another may check fibs... Results over time are all that matters.

Cable Update (GBPUSD)

quite so A ranging area of indecision (as yet) - if you scalp using the right entry trigger you can go both ways, no doubt. If I remember correctly you were mostly aiming for few pips (per move) which explains your 3 sells, maybe.

Cable Update (GBPUSD)

Price is above weekly pivot and it has been rejected twice (upwards) at the daily pivot. As long as price doesn't close below daily pivot I don't see a sell scenario (and even then there is a lot of resistance to be worked through). But that is only ...

Cable Update (GBPUSD)

really?

Cable Update (GBPUSD)

next week will be interesting

Gold

Thanks, man, despite your stressful workload you continue to help people out... (I hope you don't mind: url )

MTF Dashboard thread

a) my name isn't pat b) you don't know anything about my lot-size Nevertheless: If you risk 1% of your capital in each trade, it follows logically that your lot-size changes.

Price Action Trading (PAT) - Amplifying Market Insights