It is a bar chart with ASC trend bars, was introduced about 15 years ago, used it on equities and commodities.

Cable Update (GBPUSD)

Here is the ASC H4

Cable Update (GBPUSD)

5ABI, here is what ASC bars look like, you can see trend direction a bit easier I think.

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I use bars, can't focus on candles, don't even know the difference between japanese, taiwanese or chinese, all chinese to me. ASC(T) is an old trend system.

Cable Update (GBPUSD)

That is exactly the point I was trying to make. I use ASC candles, never got used to the chinese ones when they were introduced way back when.

Cable Update (GBPUSD)

Correct you will hit junk but trading the daily or H4, your progress is more assured and the junk will have less effect on your target as your target is generally farther away and your trading style will change dramatically allowing for longer ...

Cable Update (GBPUSD)

Correct, but don't underestimate weekly and monthly pivots. Sometimes it is just a matter of finding a peace of clear runway and she will run, other times there is lots of junk in the way and it becomes a bit of a hit and miss, thats why trading the ...

Cable Update (GBPUSD)

I set the SL to BE as we were playing with the weekly pp, normally I would have let her run, am now keeping an eye on the 25sma on M30 for another shot at it. Just need a good entry for my long. Playing in this range is not as easy to read as other ...

Cable Update (GBPUSD)

Both stopped at BE+, both are tough to make up their mind. About 2 hours left for another stab?

Cable Update (GBPUSD)

inititially, followed by 5252 and 5346 (latter not today?) going back to my original plan of this morning, still in play. EDIT: both fibre and cable crossed the 25sma on M15, looking promising EDIT: both in green SL to BE

Cable Update (GBPUSD)

Just turned sides, long cable 5200 Long fibre 3351

Cable Update (GBPUSD)

You putting in your revenge ,uhh sorry reverse, trade. Am flat, broker is starting to piss me off now.

Cable Update (GBPUSD)

Yeah same here, still not convinced she is going up. Broker keeps cutting me off in the last hour or so, hard to keep an eye on things.

Cable Update (GBPUSD)

Look at that last run on M5 and put up the 25sma, you can see clear entry points to the flowing river at 5190, 5184 and now at 5164. This is one way of looking at a trade, put up the sma, wait for the river to start flowing and wait for slowdowns to ...

Cable Update (GBPUSD)

short cable 518 short fibre 33333

Cable Update (GBPUSD)

I am negative pips for today, but positive on dollar amount as I adjusted my lotsize accordingly. This has been another interesting trading day so far. The H4 is till bearish, however did not want to be greedy.

Cable Update (GBPUSD)

Sorry I didn't post earlier, was watching the PA closely around the 365ma. Would normally have held my short but exited as it brought me in the green for today, with the earlier loss on my long cable and the small losses on a fibre and uj trade. Am ...

Cable Update (GBPUSD)

Am also looking at the lower hi of the H4 compared to yesterday, what worked yesterday does not necessarily hold through today. The big question for me here wether to get out or not is the 365ma on M30, it just pierced and if this M30 closes I will ...

Cable Update (GBPUSD)

Am still in.

Cable Update (GBPUSD)

Am still in, watching 128

Cable Update (GBPUSD)