surfer

Yes, you´re absolutely right. I will try to implement it. I´m watching to often on the 1minute. Till yet, I don´t have enough discipline to stay off. Thanks

Good morning, interesting situation from a Pitchfork view. We have a test of the upper ML. Target would be the middle line. That would be between the 61,8 and 78,6 Fib.

After I had a positive result this day i was encouraged to poaching a little bit through the 1minute chart. I waited until the asian high broke and then stepped in. Cable made a few pips and then turned around. "No problem i will catch him, hehe". Then short but this was the end and back to the old direction... Today gain´s positive but diminshed....:p

Hi, the chat was very stimulating. In my first trade my SL was hit by 1 Pip but my second was successfull. "I will come back":)

Thanks texxas:) . Another aspect of my young trading repertoire are Pitchforks. These 3 lines help me to identify some important areas. Not everytime but often enough. I use them till 2 weeks. Very interesting tool. Like channels but with a little more explanatory power. This was the reason why i went long. Greetings from the sunny germany (18 degree Celsius)

I see your support and resistance level´s but i´m not able to dry them on my own. So I decided to take the high´s and low´s of the last two days. Is this correct? Thanks

Very cool. I took a position at 30 minutes before the news because i had an uptrend line. I had forgotten the news at 10:30(newbie, newbie). So i was writting a little bit on my pc and was very astonished when the price broke out at 10:30:rolleyes: Through your very usefull hints i saw that we were at the high of the asian level . Long at @60. Flat at 1.8996. thanks a lot:) :)

@texxas Just be careful of it's spikey, whippy behaviour - especially around key levels. It has a tendancy to lure traders into false traps!!.....which means your set-ups/executions need to be tailored to it's unique behaviour traits. When it decides to "slap you" it hurts LOL... hehe, yeah today he got me again. But i´m still fighting:D Thank you very much for your "view". @torero Thanks. I will read it.

Thanks for your responses texxas and soultrader At first i want to say that my english is not the best. So let´s start. I started 3 months ago with forex. 4 weeks ago I wired some money to oanda. The few things that I knew i learned from candletalk.de, a german side for derivates and forex. But the problem is that the good forex traders are gone. After watching 4-6 pairs my confusion grew in unbelievable measures. So i decided two weeks ago to focus only the cable. I´m watching him/her/it at 1min, 5min, 15min, 60min and higher timeframes to understand how does the cable work. Like soultrader mentioned " it´s very boring". "Now here is the best part. Simply stare at this for a few months. If you dont understand it good. Just stare until your eyes hurt.":p I can complain now i see things which i didn´s see before. But it´s a long road.... I use the combination of different timeframes, channels and trendlines. No indicators. For a better understanding a pic. This trades are from this morning. Oh my god, i must make an english course:rolleyes:

texxas Thanks for your tips. I will try to realize them. You are talking often from "price action". I have problems to visualize/understand this. Can you recommend a book or is it only learnable through "chart sitting". thanks

Newbie mistake... Saw that the price went through the 50 Fib. I jumped into at @42 but it was a false break. Think there will be a lot of them

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@torrero This morning I had the same problems like you (different timezones). I found something useful on this side: OANDA FXMarketHours - FX Markets Working Hours

I thank you soooo much. Wish you nice trades.

On the attached chart you can see how the cable broke the asian low and went to @20. I was 5 minutes to late. My coffee was not finished.