First support test for cable is now going to be the 38.2% fib retracement @ 1,6604 anchored from the low on the 5ht Feb, but first we'll see what happens when ( if ) it hits the H1 200ema. where knowing cable it could kick up to catch out the shorts.

Cable Update (GBPUSD)

I think any Buy trade now is definitely going against the momentum and therefore risky unless it's a scalp. H4 is showing that we ' should ' now fall to around 16,800 where there is support, or 16,740 which is the Daily rising 100 simple moving ...

Geppy's Geppy Thread (GBP/JPY)

Should be a bounce off of the H1 200ema.......perhaps not, but still think it may turn soon.... it's right on the H4 200ema now, so watch to see if it breaks or yields....okay, I'll shut up!!!

Geppy's Geppy Thread (GBP/JPY)

Dow's topped, Cable most likely the same.

Cable Update (GBPUSD)

Bullish momentum has consolidated overnight, so now looking set to rally towards 760-780. If unemployment figures are positive cable will fly north.

Cable Update (GBPUSD)

1.6760 or 80 yes, but 1.69, too much resistance at 1.6800.

Cable Update (GBPUSD)

Okay, apologies offered, I did not mean to denigrate your trading, it may yet work out for you, it is your system and you know best

Cable Update (GBPUSD)

you're holding a short from 6700 with this thing set to take off!! It baffles me how some people trade.

Cable Update (GBPUSD)

okay, it might drop a bit, but careful as it might break to the upside any time soon, so I'd kill it quick if it does. Good luck.

Cable Update (GBPUSD)

Momentum has shifted for today - wishful thinking seems to be your only strategy here

Cable Update (GBPUSD)

It's going to sell it - probably

Cable Update (GBPUSD)

jumping in is always a losing strategy. Selling right on H1 100sma support.

Cable Update (GBPUSD)

all sound. Today I've got it going higher, but whether it breaks last night's high remains to be seen - but I doubt it, 17,056 is my tops. OR it'll just fizzle away and do nothing very much for the rest of the day, that looks quite likely at present. ...

Geppy's Geppy Thread (GBP/JPY)

agreed, it's at that awkward level where if you're not in you're either already out or you know you missed the best entry point, ( today) and if you are in you're wondering whether to hold or break. H4 is showing the price sandwiched between the 200 ...

Geppy's Geppy Thread (GBP/JPY)

TOSH!! It's nonsense like that that keeps people from trading this pair. Nowadays, there's very little to separate forex pairs, once you can trade one, with a few adjustments you can trade them all. You need to widen your stop loss a little with ...

Geppy's Geppy Thread (GBP/JPY)

Thank you.

Geppy's Geppy Thread (GBP/JPY)

Would you mind telling me which broker you are using. PM me if you do not want to put it here. Thanks.

Geppy's Geppy Thread (GBP/JPY)

This is the key. I started this thread because I know that it's probably the biggest obstacle trader's face once they've actually learnt how to trade ( if you are risking money before you have spent sufficient time learning how to trade, nothing ...

Just how well do you deal with loss?

I strongly disagree with the last post. He currently has 41 positions open, 26 of which are showing a loss. I say again, try not to overtrade, it kills most traders sooner or later, normally sooner. Get to know one or two currency pairs or whatever ...

seeking advice for next steps... a bit lost

Firstly, you did pretty well turning 4k into 6 in less than a year, so you must have been doing something right. You then got over leveraged, had way too much on the table, and lost it all in one fell swoop, which tells me only one thing, you ...

seeking advice for next steps... a bit lost