I was looking at the cable, and if it was me I would still wait until you have a candle with a long wick on it that bounces off the non-lag zigzag.

It still can go lower.

Just my opinion though.

Merry Christmas everyone

look at the daily and weekly fibs and the overall state of the pound right now, indicators are good when used correctly but you cannot rely blindly on them without looking at the entire picture of the pair in question.

This IS a nice setup according to the rules of the system but if you are using any pair with any system you need to understand the health of that pair in relationship to the tech and fundi data as well and not blindly follow indicators.

JMOHO

I have been short since 0226 on this pair and look for it to go sub 97 at the least

Agreed! qqe still don't give confirmation. just my opinion.

I would wait for confirmation from nonlagdot or a return above the LRC channel in the attached screenshots. Nonlagdot is still red. The uptrending lines are from the daily long term trend. The downtrending lines are from the short term trend since the top at 2.11+.

The fact that the GBPUSD has broken the bottom of the long term channel for the first time in since the Jan 2006 start of the up trend suggests the pair could go much lower. The fib retracement is heading for 38% level and could go below that. However when it reached that level it will also hit the bottom of the short term trend. Might be a good place to look for a bounce. Unless the new trend is a trend reversal and not just a retrace there is no telling where the pair will end its drop.

Robert

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Here's my 3 Charts.

Entry, for me, is the touch of the Zigzag line and arrow with at least one of the indicators, in each time frame, in "Buy Zone" (or extremely close to it).

Stop is 200 pips. Target 700+ pips.




Goinglite

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	1 Hr FTC.jpg (25.2 KB, 619 views)
	30 Min FTC.jpg (25.0 KB, 625 views)

I have seen how some hedge fund managers trade. One of the biggest element is market open time and knowing the low helps to pin point an entry. Just doing this i took 33 trades wins in a row. And i think part of the problem is we keep switching strategy.

I started to loose the min i tried to improve it and not adhere to the rules which were already working

Being consistent is the most imp element . If it works be happy with the loss:win ratio

Just my two cents in the trillion dollar market

What market open time are using

hello shohreh,
i'm a newbie could you please explain a little bit more about your latest post.
what did you mean with this sentence "One of the biggest element is market open time and knowing the low helps to pin point an entry."
I'm verry intressed

Thank you verry much



[quote=shohreh;173146]I have seen how some hedge fund managers trade. One of the biggest element is market open time and knowing the low helps to pin point an entry. Just doing this i took 33 trades wins in a row. And i think part of the problem is we keep switching strategy.

I started to loose the min i tried to improve it and not adhere to the rules which were already working

Being consistent is the most imp element . If it works be happy with the loss:win ratio

Just my two cents in the trillion dollar market[/QUOTE

let stick to the subject of this thread and respect the man who started it, if you wish to start a new thread on your system or method of start time please feel free to do so