Wow, that's going to be a nice pin bar on the hourly for the gbp/jpy and possibly the 4 hour when it gets there.

MW's trading journal

I think you could be right on this one, we are at the top of the range now. Let's see if it breaks out or stays within.

Cable Update (GBPUSD)

Why would you want to put yourself through that? This is just an honest question, as I am not here to bash on anyone or anything of that nature. My question is this; Why wouldn't you want to learn about the market and take the time to use the right ...

How I Turned 1k To 100k In A Wk!!!

I think that is just a myth coming from people that sell systems. They don't want competition so somehow that may have gotten thrown around. Other than that, I can't really think of any reason.

Why will knowledge of a system make it worthless?

And there she goes...hopefully for a good run now.

Cable Update (GBPUSD)

The only way to gain knowldege of the market is to create your own analysis and learn from it. Trust me, when I started posting, I sounded like a complete ass and still do at times. lol Anyways, I've learned from it and so it was worth it to me. ...

Cable Update (GBPUSD)

2.07 is my 'disaster' stop. Other than that, I normally close my trades manually if I see the market reverse on me, which it very well could; especially with the thoughts of last years black friday fresh in my mind. If it does indeed do that, I will ...

Cable Update (GBPUSD)

I could be right or wrong, I don't know yet. It moved up to test it and is still testing. You can't base a trade on 1 to 2 hours. If it moves past and makes a clean breach of the resistance then I'll know that I was wrong and I will move on. If not, ...

Cable Update (GBPUSD)

What are anyone's thoughts on Black Friday that have gone through it before? You know, like last years insanity that broke out on Thanksgiving night and into the next day followed by a new trend until the year's end? I am asking this to the traders ...

Cable Update (GBPUSD)

It moved up to test resistance and now it's time to move back down in my opinion.

Cable Update (GBPUSD)

Checking your trades every 10 to 15 minutes takes its toll. It also means that you are not very confident or that you are worrying quite a bit that the market will turn against you. This tells me that your trades are probably based on lower ...

Demo account versus live account.

I'm not sure about 2.50 but I do see higher levels in store for it. I can't hold a trade for over a year. I would go crazy trying to do so. That's why I just stick to weekly and down. With that agreement, buying on dips is a prime strategy if your ...

Cable Update (GBPUSD)

I've added to the Gbp/Jpy position yet again and this will be the last addition until price moves further down to, say, 221. My first position is carrying this and keeping me up in the trades, which is allowing me to keep adding to this without ...

MW's trading journal

I agree with you on that for the longer term. I've thought the Euro would do this for some time and now that everyone is bandwagoning the idea, it's just going to add more power to the movement. It's only 150 pips away now so I could see it ...

Cable Update (GBPUSD)

Since we are talking about the immdeiate future I am posting my 1 hour charts. If you want I will post the 4 hour and dailies afterwards. As you'll see, all of the EMAs are hovering above where price is currently, which is going to make it difficult ...

Cable Update (GBPUSD)

I'm basing my trades on techs. Fundamentals only get me broke when I try my hand at adding that to my trading repertoire. Through my experience, the cable and euro usually go hand in hand, but I just don't see them coinciding until we see further ...

Cable Update (GBPUSD)

I agree with you Tiki, today is incredibly boring for trading as the U.S. is on holiday. I think we will start to see movement at around 6 PM Eastern today. After the pace picks up again, I think we will continue to move downwards after the markets ...

MW's trading journal

Agreed. Once it gets away from the 2.0600 area, there is a possibility for a straight shot down to 2.0400 in the coming days. My thoughts on this are posted in my journal.

Cable Update (GBPUSD)

This is my chart that, as you can see, price moved away from the resistance of the tunnel area. We may get another retest, but maybe not. That is why I decided to enter another position here.

MW's trading journal

I just added to my Gbp/Jpy positions at 223.57. Based on the 4 hour charts, we are seeing price move away from the fib tunnel resistance and so I think price will drop considerably and fairly soon. Triple interest killed me and yet I always seem to ...

MW's trading journal