Kicking it off.

Hey Marcin, I am an equal opportunity trader, how ever I am a longer term trader, I have found that to be a more profitable trading style for ME. I have been a day trader, however, that was when the ATR were much more substantial than now. However, I realize that there is no one style of trading, but there is one style of trading for each person. Blah Blah, you know what I mean Marcin, I have seen your charts, you are a great trader. I look at 20 FX pairs, Gold and Oil. That is enough for me. If they were to go away, I would trade something else. Its not the pair it is the set up, as Jim would say. The set up that RAT has presented can make your year. Catch this hourly long set up and forget about it for a couple of weeks or months. As far as FX trading, the only other thing that I can say is chart the Indexes and compare the strength of one pair against the other. this has helped me recognize pairs to trade for the long term. Your charts speak for themselves, you know what you are doing!!!!

Hi Duane. Thanks a lot for explanation - it makes perfect sense. I am a trying to be a day trader, although it takes a lot of effort to stay sharp for 8-9 hours.
I fully agree with what you wrote about set-ups and individual approach. Somehow, I find it easier to focus on just a few instruments, or even one, as Cable is about 90% of my trading, mainly because I know many nuances, which help me to 'feel' whether the move is done or not, which area is most likely to stop it etc. But as you wrote, it all depends on individual preferences. I am looking forward to more charts from you and Rat.

Cable stopped just above my 1.3220-30 area on Friday and seems ready for some bearish correction a least, larger than previous ones, but we will see.

First resistance at 1.3290-1.33, but I guess it will work only temporary.

1.3345-55 would be something.

Before going to these levels, Cable may need a drop to 1.3255.

It broke below 55.
One more push down to 1.3220-30?

They hit previous low. Time for some serious correction now?

It gets going. My areas to the upside are pretty much the same as posted despite a new nominal low for the move.

It doesn't look good. Another leg down wouldn't surprise me here.