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PLooB replied May 19, 2009Missed entering this one as I was waiting for 0.5990-0.6000 Maybe there's a thing about palindromes? 0.6006 Also previous support and fib level: image
No Brainer Trades
- PLooB replied May 19, 2009
lol I realise that. But if you go back to about 25th Nov and late Oct there is resistance or do you think those points are not significant because they are too old?
No Brainer Trades
- PLooB replied May 19, 2009
I see resistance on GBPUSD at 1.5525-1.5535 Someone please confirm this range.
No Brainer Trades
- PLooB replied May 14, 2009
Iron-man good to see you posting!! You and BRV are the architects of the strategy and its always inspiring to read your posts. I will never forget "Iron sharpens iron"
No Brainer Trades
- PLooB replied May 14, 2009
This was quite a good one but I didn't see that massive support at 0.5860 and was selling when it broke down at 0.5884 just looking at the 15min. Luckily I checked higher timeframe and saw that spike on 5th May and closed it promptly.. Always check ...
No Brainer Trades
- PLooB replied May 12, 2009
Anyone else thinking of fading GBP/USD? I have 1.5336-1.5358 as resistance zone, might scale in here.
No Brainer Trades
- PLooB replied Apr 29, 2009
Appreciate the comment as I'm still learning. I agree that 5739 and 5523 are great levels and are perhaps the best kind but 5620 wasn't as bad as you make it out to be. See the graph for the number of hits at that level. You are right in that it ...
No Brainer Trades
- PLooB replied Apr 28, 2009
1. As long as you are using major support and resistance levels, then yes. 2. Depends on your profit taking strategy. My strat is to take partial profits at 20 pips depending on currency but when it comes to +18/19 pips I move my SL to +15 because ...
No Brainer Trades
- PLooB replied Apr 21, 2009
I've contemplated this myself, I think it's definitely better to move your SL up when the trade comes close to TP. If you think hypothetically, your TP is +100 and trade is currently at +90. The trade could either stop and retreat until it hits your ...
No Brainer Trades
- PLooB replied Apr 3, 2009
Hey guys a new video has been posted by the one and only!!! url
No Brainer Trades
- PLooB replied Apr 2, 2009
No you are doing fine. Your probably the most active poster in this thread and all your trades are good for showing people where significant support and resistance are.
No Brainer Trades
- PLooB replied Mar 31, 2009
A couple of things about SLs, most of what I write is covered in the No Brainer bible.. Money management is key. Never risk more than 1-3% on a single trade. I suggest 1% if you are just starting out. Consider the risk to reward ratio. If you have a ...
No Brainer Trades
- PLooB replied Mar 31, 2009
Nice trade! and remove that indicator right now... imagine what BRV would say.
No Brainer Trades
- PLooB replied Mar 27, 2009
Hey Sherm, which currencies do you trade? and how do you monitor all of them at once?
No Brainer Trades
- PLooB replied Mar 20, 2009
I can't believe that someone was naive enough to let some random of a forum to trade their money for them... I guess some people have to learn the hard way. I was reading over his strategy... it's rediculous, I mean trading with no SL is like ...
Cable Update (GBPUSD)