NOTHING is going to be a 100% winner all of the time, but if you play it right your wins WILL outweigh your losses by a large margin and slowly but surely youll start to be confident with your trading and then you will start to succeed.

Honest answers please! Are you successful trading on Forex or not?

Yeah I understand that. Let me tell you something though. Price action isnt a system. It doesnt tell you to buy when this line crosses that or vice versa, and your analysis of price action wont always be right. Thats just a fact of life. But once ...

Honest answers please! Are you successful trading on Forex or not?

Hey man, it seems like your new to trading and having a rough time with it. I agree its not about indicators. When I started out, i was all about them. My charts looked unreal, then I realized that they are LAGGING indicators anyways (well most of ...

Honest answers please! Are you successful trading on Forex or not?

Hey man, when I started I wanted to do the same thing as you and find out if people are actually successful. Ill be the first to tell you, there are many successful people here at the factory. Thats not the question you should be asking though. The ...

Honest answers please! Are you successful trading on Forex or not?

Thats reason enough for me to stay away for the rest of the day today too. Theres probably only going to be a lot of consolidation before that comes out. Good luck in your trading today.,

Cable Update (GBPUSD)

Hi Dave, I just wanted to say thank you for posting these also. Ive been using them for the past 2 weeks or so now and its fantastic work. Thanks again.

Short-Term Reversal Levels (STRL's)

I always knew it would turn into a classic battle of heroes and villians...

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thanks, and yeah i guess I was wrong on that one, oh well it happens to the best of us haha At least we could count on that 9519-9522 area for support.

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welp, it seems like that 9541 support is gonna tame this beast down some and hold. Does anybody know the actual reports outcome yet?

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Im with ya on that one haha

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I feel like im waiting for the ball dropping on new years with this news.

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I agree with you on that. I took out my earlier long trades that were of greater value and am planning on just placing a small buy order on the pound at 1.9560 to see if there may be some quick profit to be made BEFORE the BOE news comes out. If not ...

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If the news doesnt blow the pound out of the water, it looks as if there may be a short term uptrend forming by my analysis of the 30 minuter chart. It would be beginning it's third wave soon. any thoughts or comments on that?

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ok thanks a lot. I just want to watch the action unfold, as there is nothing else to do on a night like this

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225 pips...man your good haha. Do you also know what time the news release will be coming out, as it is quoted as tentative here on FF?

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I understand where your coming from, and if the trade worked out it would pay off big time, but when there is a lot of money on the line ( that is a lot of money to me) I cant take the risk of uncertainty. Thanks for looking out for a fellow trader. ...

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I am also seeing it above 96 tomorrow, but the thing is with the news there is bound to be a huge whipsaw so its best to wait for that to get past and then make your trade.

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hey hona, thats a great analysis man. I hope it works out too as thats the exact trade that I took haha. Im long from 1.9539. Good luck on your trade. And also what timeframe were you on to spot these waves? 15 minute? Thanks in advance.

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theres always the ability to wait it out and stand aside. If theres not a clear signal, why take a trade that could possibly cost you?

Cable Update (GBPUSD)

Yeah i kind of thought that much haha. Truth is Im just jealous too!!

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