I prefer GMT+2 because it gets rid of the sunday candles which can make a miss of trend lines and indicators

anyone know the the type of time used on meta4?

yeah.. surprises can really move the market.. thats why I don't trade intraday anymore.

Cable Update (GBPUSD)

I wasn't expecting the boe to say that... cable flew down on the news!

Cable Update (GBPUSD)

1. Longer the better i would say, though i am not a fan of backtesting, it is all curve fitting to a degree 2. Anything that works for u 3. depends on your risk tolerance 4. Any system that does the opposite of what the 95% of losing traders do. ...

Evaluating the Effectiveness of a Trading System

I think different traders use different R/R ratios. One thing I do with one of my strategies is open 2 positions at smaller sizes and use a different TP with the first one to the second, this way I can lock in profits. I also move stops to break ...

Regarding risk/reward ratio

yeah. I understand what you mean. Big SL's don't need to mean big amounts of risk. You can choose your position sizes accordingly.

Cable Update (GBPUSD)

I use daily and weekly usually.

Cable Update (GBPUSD)

down a bit today so far..

EUR/GBP

I remember thanks giving last year, now that was crazy.

Cable Update (GBPUSD)

yeah.. I agree.. no point trading when u have no clue what is going to happen.. might as well just blackjack at the casino.. need the odds in our favour

Cable Update (GBPUSD)

crazy day.. I was hoping cable would go lower so i could go long with a really good price..

Cable Update (GBPUSD)

Great - thanks for sharing :-)

Simple 5 / 8 moving average crossover

what a day for cable.. I think there will be some nice buy opportunities coming up in the coming days :-D

Cable Update (GBPUSD)

nice trading :-)

Simple 5 / 8 moving average crossover

a retracement to the 5ema.. Does that work well for you ?

Simple 5 / 8 moving average crossover

price bounced at the 38 fib 9650-1158.. the 50 fib is around 2.04, that may come into play this week!

Cable Update (GBPUSD)

Yes, I agree. Don't listen to the "experts". Only you can make yourself a successful trader, nobody else!

Never listen to forecasters and analysists.

ugly often provides good opportunities :-)

Cable Update (GBPUSD)

lol i love that picture

Cable Update (GBPUSD)

I am waiting for the dust to settle before going long. The short term trend is still down at the moment.

Cable Update (GBPUSD)