and i have another SELL stop @ 240.34, same TP.

My Live Trades

Gbp-Jpy — There's something going on with Gbp-Jpy. I think it's worth a risk. SELL @ 239.35, TP @ 238.35/15 The rest stays just like I already posted.

My Live Trades

Profit — +90 pips so far.

My Live Trades

Update — 1. Eur-Usd: - SELL stop @ 1.3587, TP @ 1.3490 - SELL stop @ 1.3607, TP @ 1.3490 - BUY stop @ 1.3490, TP @ 1.3539 The trend is down, short positions are favored. 2. Gbp-Usd: - SELL stop @ 1.9983 (or above), TP @ 1.9829 - SELL stop @ ...

My Live Trades

Update — 1. Eur-Usd: - SELL stop @ 1.3591, TP @ 1.3493 - SELL stop @ 1.3610, TP @ 1.3498 - BUY stop @ 1.3493, TP @ 1.3542 The trend is down, short positions are favored. 2. Gbp-Usd: - SELL stop @ 1.9982 (or above), TP @ 1.9879 - SELL stop @ ...

My Live Trades

Thanks, Traex.

My Live Trades

Your point is valid. If any of you feel that you need a SL in place, I think a 1:1 risk/reward approach would be fine; the targets I set are quite far so SL should be large enough. I'm not gonna use or post any SL though.

My Live Trades

Thanks, guys. I hope we all learn something from this.

My Live Trades

I forgot to mention about the returns: I ran a backtest on this method and got more than 5000 pips for 2 weeks. Unbelievable, right? I thought so too. Then I started to use it live for the next 2 weeks, but I closed all my trades halfway through ...

My Live Trades

Here are my actual trades: 1. Eur-Usd: - SELL stop @ 1.3596, TP @ 1.3498 - SELL stop @ 1.3616, TP @ 1.3498 - BUY stop @ 1.3490, TP @ 1.3545 The trend is down, short positions are favored. 2. Gbp-Usd: - SELL stop @ 1.9979, TP @ 1.9879 - SELL stop @ ...

My Live Trades

let's see if this works... long @ 1.9779, TP @ 2.0051 stop entry long @ 1.9932, same TP. no SL.

Cable Update (GBPUSD)

and we're down... i'm out at 2.0006, just made 60 pips... i think there's still room for this short, maybe another 15 pips... but better safe than sorry, i've been burned too many times by this pair.

Cable Update (GBPUSD)

i think it will come down soon (probably by tomorrow) to 1.997x/2.0000 area and then up again. anyway, i'm curious what are your long term views on this pair... like in 1-2 months.

Cable Update (GBPUSD)

i thought so too. here's another one. as for how to use them, i haven't decided yet... still trying to find the safest and most profitable strategy.

Part Time Wealth Building Trading System - Daily Scalping

i don't know if this has already been discussed or not, but i thought it's worth being mentioned: for those that use TP, there is a daily average indicator that you might consider when setting your SL and TP. give it a try and see how it suits you, ...

Part Time Wealth Building Trading System - Daily Scalping

probably, but not more than 2.0030. i'm taking a short @ 1.9998 with TP @ 1.9906 (and i hope it will go even lower next week).

Cable Update (GBPUSD)

i'm also considering an entry for a long. i knew there was gonna be a drop for cable when i saw the last spike to 2.005x, but i didn't expected so fast. my target is now at around 1.9860 (at this very moment, but going down as we speak), at which ...

Cable Update (GBPUSD)

i'm also using an indicator for weekly average, it should tell you if there's room up or down. statistically, of course. i use this indicator because i take profits and i need to set my stops according to the weekly average (to which i add/subtract ...

Part Time Wealth Building System - "Open-Close Trending"

thanks!!!

Weekly Range Indicator