Curious, what is your reasoning for that ?

Cable Update (GBPUSD)

Needs to break and close below 1.568 today or tomorrow, at the latest, for shorts to be valid at 1.582 and 1.586/7 There will be a final long chance if it breaks 1.568. Entry will depend on 15M signals, don't know if/where it will happen but target ...

Cable Update (GBPUSD)

Congrats on your trade ItsAtrap, solid

Cable Update (GBPUSD)

Interesting, without the support of good 4H/Daily zones I can't work out these movements

Cable Update (GBPUSD)

Just curious - any of the scalpers/day traders here (if there are any) managing to trade the PA from the past 2 hours successfully?

Cable Update (GBPUSD)

Decided to wait and got stopped out at 1.5554. Should have listened to my own advice and been patient. Gonna hold off on trading and see how the market develops today

Cable Update (GBPUSD)

Agreed, if no good movements happen in the next 2 hours gonna bail on them In this case I'm shorting because there wasn't enough momentum coming from 1.549/551 and news to bring price above 1.555. This means no one is willing to buy higher than here ...

Cable Update (GBPUSD)

Fair enough, especially the doctor analogy It's especially amusing how many ads there are that say something along the lines "make money easily by trading on the financial markets". Crack me up every time It's 2015 and this strategy ...

Forex Dream Chasers - The 90% rule of randomness

Nice I'm accumulating some shorts here. Looking for 1.548/9 and then 1.542/3

Cable Update (GBPUSD)

I'm still lacking too much in the patience department for that. The thing is Davit, Fx-Ray, for sure, and many others posting here, most likely, are traders who realize this and trade with patience, looking for the right time to enter while waiting ...

Forex Dream Chasers - The 90% rule of randomness

Just want to say that nowhere here has GoBigFx said that making money on Forex is impossible. The 10/20/30% (whatever the exact %, wouldn't count on 90/10 being correct without empirical evidence) of the time where market direction isn't random is ...

Forex Dream Chasers - The 90% rule of randomness

No problem. Good luck

Cable Update (GBPUSD)

You can only find out after it happens regretfully. As I said I was expecting it to be around 1.564/5 near the 21/22 May top, but it was a bit lower than that. Usually they have their orders at key turning points and let price move freely in between ...

Cable Update (GBPUSD)

Still, 1 pump up is possible from 1.549/1.551 area. Also 1.5525/1.5535 is compressing down for now, but it could pump up from here too. Bad place to trade. Good place to practice patience

Cable Update (GBPUSD)

I'm waiting for the trendline break on Daily and if it's a strong penetration I will set a sell limit at the green line. I'll be looking to hold this for a while if it does happen. A trendline break is an OHLC candle completely below the trendline.

My Position Trade Journal

Nicely said

Cable Update (GBPUSD)

Below is the gist of it, in images. Changed the lowest red line for the 1 minute graph. Every time there is a technical blowout/bear trap/stop run in the market, as is the reaction from the demand zone at 1.5436 the market belies traders by giving ...

Cable Update (GBPUSD)

I agree with datdle and Talzus. Haven't been able to make sense of the entry/exit points of GJ for 25 days now and I'm expecting even more senseless or jerky movements in the coming 2-3 months, hopefully will stabilize a bit when volume increase in ...

Dragon Riders GBP/JPY

I promise I will, on Monday

Cable Update (GBPUSD)