You could go short now but you might hit a retracement. The trend has been down, just use caution. The monthly and weekly time frames should have the GBP back down in no time. There is no indication fundamentally or technically that an uptrend is in ...

Dragon Riders GBP/JPY

Hey everyone I just wanted to give a little advice to the day traders n the newbies on here. Taking advice from anyone on here is okay but you must be cautious and understand what it means to trade and what it means to invest. I'm a swing trader, so ...

Cable Update (GBPUSD)

Hahahahaha!

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Hahahahaha! That used to bother me too, now I don't care because I know that 100 pip negative turn can turn into a 500 or 1000 pip positive trade quick!

Dragon Riders GBP/JPY

Agreed! Yea there's always a bias but for me I try to simply trade with the trend through elliot waves, which I think is the most reliable indicator next to moving averages and fibonacci levels. I keep all my trades open overnight because as a swing ...

Dragon Riders GBP/JPY

Yea thats very possible, but for how long though LOL

Dragon Riders GBP/JPY

Interesting we'll see how this plays out! They don't like GBP/JPY downside LOL

Dragon Riders GBP/JPY

Hmmmmmm I'm a little confused could u explain a little more please?

Dragon Riders GBP/JPY

Yea that's prob true

Dragon Riders GBP/JPY

Yes I use Fibbonacci levels. I usually look at the 38.2, 61.8, 100, and 161.8 levels. I always view where the trend is going based on the higher time frames, and I open my trades based on price movement for the 4-hour time frame......ideally with ...

Dragon Riders GBP/JPY

Ahhhhh yes wise move that's what ive been trying to explain!

Dragon Riders GBP/JPY

Good choice I'm short on 6 GBP pairs.

Cable Update (GBPUSD)

Its just a retracement the price will never move the same direction all the time it has to take a breather and retrace. Its a fakeout LOL

Dragon Riders GBP/JPY

Agreed who would honestly say the price is going up for the trend unless they are a position trader LOL

Dragon Riders GBP/JPY

True true, its risky because it may gap up but the price will eventually move back down to settle in with the dominant trend......and I agree it might go to hell.....a downward spiral because of Brexit.....who knows.

Dragon Riders GBP/JPY

LOL day traders hahahahaha!.........In this case I agree it might gap down on Sundays open. The trend is down, its been down.....even without the fundamentals making things volatile, the trend is down my friend :-).

Dragon Riders GBP/JPY

Greetings traders! For those day traders open to the possibility of long term trading, these are my trades from today that were closed and reopened immediately, for profit......as I am a swing trader. Happy trading!!!!!

Desert Island Trading Journal

If anyone wants any advice on swing trading just see my trading journal or message me. Im glad to help anyone who needs help or guidance!

Cable Update (GBPUSD)

That's definitely a gamble because the market could open on Sunday and stop out your entire trade. The problem with most people on this site, at least to me, is that I see mostly scalpers, day traders, people looking for less than 100 pips here and ...

Cable Update (GBPUSD)