So..todays box is set for me: High: 1.6437...with spread Long will be at 1.6440 Low: 1.6395...Short will be 1.6394 Range = 42 hence ok to trade I have been experimenting with a slight variation to my "ride or die to 100 pips" methodology (see my ...

0400-0700 GMT Breakout Strategy

Tam it is for EXACTLY this reason that I shoot for 100 pips each trade and do not move my stop to break even. Of course it means that some days (like Monday) I have the annoying trade that goes +85 and ends up only +3 or indeed, in theory, can go ...

0400-0700 GMT Breakout Strategy

taking off 1 lot for +35 and moved stop to break even. PA is too patchy to be confident of direction right now

Cable Update (GBPUSD)

3 Lots, Short 1.6190, SL 1.6240, TP 1 1.6120 Lets see how much (or little) power the bulls have

Cable Update (GBPUSD)

short only for me — ...short from 6091..tp 5991...sl...6141. Cant see any meaningful bullish sentiment right now....lets see how 9.30 plays out

Cable Update (GBPUSD)

Yesterday tested my patience (and sanity!) to the limit but showed how difficult psychologically trading can be. So as you all know, I have a "ride or die" approach to the breakout shooting for 100 pips and not moving my stoploss to breakeven at any ...

0400-0700 GMT Breakout Strategy

Also Flyer, I think there is a miscalculation above unless you scale out evenly each time. Lets say you are trading 3 "lots" (whatever size that may be). If you scale out 1 lot at 25 and then the trade goes to -25...you have a net LOSS and not B/E. ...

0400-0700 GMT Breakout Strategy

Ive been trading over 10 years and lost a lot of money to get to be able to not be so worried about losses. I only risk 2% on the breakout trades and 1% on my main strat so Im never overleveraged. Mr Kebabs above makes a great point...perhaps use ...

0400-0700 GMT Breakout Strategy

Hi Flyer Can I ask why you are so eager to take something off the table so early? While I appreciate that my "ride or die to 100 pips" isnt for everyone, I do think taking around a fifth of the daily range is probably being too previous. However, if ...

0400-0700 GMT Breakout Strategy

Im not a great believer in back testing but did do a back test going back 1 year. I use an 8 point (5 pips and spread..typically 3 pips) buffer. Todays trade was filled at: Long: 1.6108 SL: 1.6058 TP: 1.6208 This is currently +48 as I post, however ...

0400-0700 GMT Breakout Strategy

My slight variation — I have been using a similar strategy for a while to supplement my main strat. I have a couple of variations which have served me well: 1. I dont filter trades...over time they filter good as well as bad trades...I am ...

0400-0700 GMT Breakout Strategy

Stopped out for -30 (boooo!) but still biased short...waiting for new entry signal to occur on 5 min

EURUSD

See chart attached...trend is down on every higher timeframe, so I look for failure to make a higher high on the 5 min and then pounce. As soon as the randy candle had formed under the 55 SMA I was in. Lets see how it plays out.

EURUSD

Short 3 lots at 143.40, SL 143.70 TP1 142.80 (just inside support) I will post chart in a sec to explain why

EURUSD

was a great trade mate! Well done! Im on the sidelines waiting for the Crude Inventories

Cable Update (GBPUSD)

My 5850 short was stopped out for -25 (boo hoo) BUT I still cannot see a reason to long in this down trend....on the sidelines until I see a new break lower

Cable Update (GBPUSD)

Yep..still go on from time to time..

Cable Update (GBPUSD)

as words cannot convey feelings...can I just point out that I wasnt making a comment directly towards you or anyone else in a negative way. My point is that I cannot understand why anyone would try to long in such a heavy downtrend. Hope it works ...

Cable Update (GBPUSD)

Im fading you..short at 5850, sl 5875 tp 5800...cannot understand why anyone would long right now

Cable Update (GBPUSD)

I still see shorts on all timeframes....can see no reason to long right now...lets what happens in 10 mins time...

Cable Update (GBPUSD)