A little too much in no mans land for me at the moment. Nice short off the rejection at 1.632. Flat now and might just wait until NY wakes up. image

Cable Update (GBPUSD)

Maybe. It's fallen some way already however so was due a breather. I would have expected stronger supply at 1.63 but it didn't really happen so personally i'm still on for 1.624.

Cable Update (GBPUSD)

1.6240 is a lovely rejection level on 30M though (on the 1H you're bang on at 6230)

Cable Update (GBPUSD)

Morning all, I'm looking for a retrace upto 1.63, witha short target of 1.6240.

Cable Update (GBPUSD)

- bump -

:|Entry=Risk Exit=Reward|:

EJ — Failed image

Jankone M5 thread

EJ — Live chart, no chat image

Jankone M5 thread

For me, I think its size in relation to the previous bars rules this out - it's a little bull fighting a huge bear. There's news out this afternoon (GMT) which may trigger it, but i wouldn't be fighting the bears today. Just my two cents.

james16 Chart Thread

Some of the pro-traders I know use variations of optimal MM in their trading, but almost all think that Kelly is too aggressive. It all depends on your approach and whether each set up you enter has, in your opinion, a 50/50 chance of success or ...

Do you still believe in the perfect trading system?

This is also a good idea. If you're aggressive, you can just factor in the spread, but leaving a little more room (perhaps to the nearest round number) is a good idea and will keep you out of some fake breaks. If its a good set up, it should break ...

james16 Chart Thread

Forgive me for answering on Ghous's behalf, but yes. A pin bar only becomes a valid entry signal when its high (or low if its at a swing high), is breached by the following bar/s, hence the use of an order rather than an immediate entry.

james16 Chart Thread

Leaving aside discussions about location and perfect form, you would/should wait for the bar to close first, then if you like it, you would have placed your order in the region of 1.3950, sat back and relaxed. Price did not break the top of the pin, ...

james16 Chart Thread

It didn't break so technically, it didn't fail.

james16 Chart Thread

EURJPY -4H — EURJPY has been swinging above below and around 135 for months and is there again... image

Strat's Long Term Stress Free Trading

Hi One14, thanks for the compliment! I agree that Cable looks 'toppy'. It's had a largely uninterrupted climb all year and has been consolidating. A long term short for me would have to be below 1.62, and there's some way between the break of todays ...

Strat's Long Term Stress Free Trading

Hello — Hi Strat and all, not much chat - just a couple of 4H charts, Cable and Fiber. Cable has been choppy for a while but you can make sense of it somewhat - while its struggling to break 1.66, there doesn't seem much demand to take it back ...

Strat's Long Term Stress Free Trading

Amin's and our failures are not your fault Strat, they're ours. Losses teach more than winners anyway and they should be seen as an acceptable and expected outcome of trading.

Strat's Long Term Stress Free Trading

Not to disagree with the above per se, but i would make money management your first subject to understand.

I am Totally Lost

Hi LEM, Well if i were to go short, the break to the downside would also see price cross the 20EMA, so to my eyes, they're one and the same on this trade. By flipping, i mean it turned from resistance to support. And i think Strat means the wider ...

Strat's Long Term Stress Free Trading

I take it you're still long Alexandra?

Strat's Long Term Stress Free Trading