EU as well. if the channel UTL 2900 resistance area doesn't hold, looking for 3200. Under 2700 looking for ascending Daily support TL 2500 area. Right now it's a pullback until we break above 2870/2900 area. (and lots of crappy daily doji ...

Cable Update (GBPUSD)

here's what I'm looking at for intraday targets if/when we break the descending channel and WP resistance test in this area. 5520 is the first area to beat. if price fails and we take out the DP then I'm looking for 5340 area downside. so far it's ...

Cable Update (GBPUSD)

hey mate, I see you're using a modified Ichimoku. When I first started trading it was the first system I learned. It's pretty much the standard here in Japan. My core system is different now, but I still like referencing the Ichimoko charts. (force ...

Cable Update (GBPUSD)

EU/GU are all near their Monthly Ascending Support TLs. If this critical support goes, then we are in a down trend. So far that hasn't happened, all pairs are inside the consolidation zone. USDX is near critical resistance as well. Global growth ...

Cable Update (GBPUSD)

chart update — We haven't gotten the Monthly LTL touch yet, but the levels played out nicely otherwise. url

Cable Update (GBPUSD)

Here's the chart I posted at the beginning of week. (retest of broken Daily support TL meets Daily Doji resistance level, meets descending Daily resistance TL). System or no system, this was a great chart set up. url

Cable Update (GBPUSD)

here's one last chart, then back to my holiday until next week. it's so easy to get sucked back in... lol good luck with your trades!

Cable Update (GBPUSD)

I've seen cases where traders have tried to take advantage of latency and the Market Makers will shut them down for it. But, if the broker is quoting bad prices who's cheating who?

Cable Update (GBPUSD)

It's really simple, many MT4 brokers rely on liquidity from a limited number of sources. (in the worst case example, there was one MT4 broker a couple of years back which only relied on price from Citi. So, when Citi spiked, their traders got ...

Cable Update (GBPUSD)

cheers mate. I erased all of my GU trend lines after the holiday volatility except for a couple of solid Daily and Monthly lines to start the New Year. A while back I came to the conclusion that the market is basically a dumb animal which goes ...

Cable Update (GBPUSD)

yeah, that UTL is based off the interbank feed. MT4 tends to display more false break outs, so eventually you might want to pay for a decent feed. A few years back, I was ambivalent about upgrading, but I found it paid for itself quickly.

Cable Update (GBPUSD)

if this support goes on the DX, you should be a happy man.

Cable Update (GBPUSD)

technically, one thing you have in your favor is the 25% of 2.117/1.349 (5415) has held as monthly support for 17 months with no closes below it yet. if that goes, then 1.5200 becomes the new battle line below it. (personally, I would have unloaded ...

Cable Update (GBPUSD)

maybe. market's still thin right now. I'm in holiday mode still so no trades, just checking in, but 5620 would be my daily top, and EU hit the Daily channel UTL. plenty more to come when the big boys weigh in.

Cable Update (GBPUSD)

新年明けましておめでとうございます！ I hope 2012 is a great year for everyone. video

What kind of music you hear while you trade?

yes — video

What kind of music you hear while you trade?

lol... it's a pretty funny list when you just look at the bullet points. actually, that post was intended for the Rookie section so I was trying to be as discouraging as possible. I still remember the poor bastard that inspired it - url As far as ...

How Not To Go Broke in Forex

Agreed. When gold went parabolic, all the USD trades fell into line. (except JPY, which I'm holding to 80.5 from 100 USD as my base currency) there's only 4 places to put money atm.

Do you guys find that forex trading sucks?

it's a starting place. please don't take me wrong. If you can persist at double digit percentages, you are doing very well. It is exactly like taxes, you hit the 200K barrier and lose money for getting a raise for a couple of years. If you're ...

Do you guys find that forex trading sucks?

You need to average down as you scale up. If I was trading a $100 account, then I would want to make 1200% a year. That's easy. No FIFO rules, not sweating buyers, just play in an MM sandbox and hit your numbers feeling like anything is possible.

Do you guys find that forex trading sucks?