from what i read this morning, RBNZ sold a huge NZD amount in about 15 minutes; some said it was 1.5 billion, others just 750 millions. the message was clear, though. i guess it's time to short n-u.

Um, what just happened in New Zealand?

i'll consider a trade if price drops below 1.9619 or climbs above 1.9797. until then, flat as a pancake.

Cable Update (GBPUSD)

try this one. it also has midpivots and camarilla.

Cable Update (GBPUSD)

it's already back to 1.9700 (last bar high was 1.9705), so i think we'll see 1.9740 before monday news. if news are gbp weak this is a nice place for a short. or, as g-u was acting lately, a nice place for nothing.

Cable Update (GBPUSD)

hm. not quite sure about up AND higher.

Cable Update (GBPUSD)

i'll be short again @ 1.9620.

Cable Update (GBPUSD)

can someone post a recap of the updated rules? thanks.

Part Time Wealth Building Trading System - Daily Scalping

don't you think it needs a retracement now?

Cable Update (GBPUSD)

and if you were using this new strategy... there would have been another 2 trades: - long @ 1.9783, SL 1.9741: -41 pips - short @ 1.9741, SL 1.9783: still going, right now it's @ 1.9663 and i moved my SL @ 1.9690 - if it is hit, i still get 51 pips ...

My Live Trades

if someone is testing this, please bring in here the worst cases you find out. that's the only way to adjust the rules and build a profitable strategy.

My Live Trades

and same strategy goes for the monthly average: set up a daily chart, and look at a monthly average indicator. i expect it to be better because it should eliminates some whipsaws.

My Live Trades

i'm still waiting for these trades to close in profit... and although i have enough margin, i don't like to carry negative pips, so i tried another system: - based on the average, we can set trades above the previous high and below the previous low ...

My Live Trades

although i noticed that higher time frames tend to be more reliable, because the distance between the extremes is higher.

Cable Update (GBPUSD)

last month cable ran 397 pips; previous 5 month average is 495, and a monthly average is 506. if this is another 4-500 pips month, and if cable doesn't go higher than 1.9965, i'd say we should look for a low between 1.9565 and 1.9465.

Cable Update (GBPUSD)

judging by today's big move, i'd say the weekend already started for cable traders.

Cable Update (GBPUSD)

i see what you mean, this is a possible target around the end of this year.

Cable Update (GBPUSD)

alright then. and now, since you too agree on this number let's watch another bullish move. just kidding, of course.

Cable Update (GBPUSD)

1.9180 ?

Cable Update (GBPUSD)

9780 would be safer. or if 9775 is broken, we'll see more downside - probably 9750/60.

Cable Update (GBPUSD)

sorry to hear that, but don't worry you'll have other opportunities pretty soon.

Cable Update (GBPUSD)