i work without leverage in order to be able to implement intelligent market strategies without SL. SLs are there to be fished by the MMs

Cable Update (GBPUSD)

GU still in a range, BUT 50% fibo was defended and therefore i favor bulls.

Cable Update (GBPUSD)

unfortunately another loss -15 pips. I often try to turn the position with averaging and hedging, but that is time-consuming and today I don't have it;-)

Cable Update (GBPUSD)

patience, you never know when the buyers kick in, but hopefully they will;-) also friday is often a trendday...lets see

Cable Update (GBPUSD)

entryprice is 1.3320, no SL and TP

Cable Update (GBPUSD)

will probably be a longday again, despite the many sell zones. i think they will simply be eaten out by the longterm investors;-) fascinating how he respects the lines right now.

Cable Update (GBPUSD)

ok, that sounds like someone can also average any instrument and will have the same result;-)

Hedging/averaging trades without prediction

great to hear that! may i ask you what was your maximum positions when you had to average?

Hedging/averaging trades without prediction

ok? thats new to me...i will try it on demo a couple of time on next weeks divi payout days then ...thx!

Hedging/averaging trades without prediction

i wanted to take these trades in the beginning, but then i would have had to open an account with IG. also, IG has strict margin rules and then i left it. ...but i think it's a good idea and maybe i'll do it later.

Hedging/averaging trades without prediction

there is actually nothing to be said against shorts, as there are plenty of overhead sell zones. however, we are in a clear uptrend on a daily basis. i reached the target today with longs, but only just. that's why i'm humble.

Cable Update (GBPUSD)

i thought it will be a longday, but red news GDP in 20 minutes. so i will wait this numbers and then position myself.

Cable Update (GBPUSD)

daily target +20 done with longs...of course much more was in the cards.

Cable Update (GBPUSD)

yes, it helps a lot. but drawing the "right" zones is a lot of practizing.

Cable Update (GBPUSD)

at the moment a pendulum between 1.3300- 1.3323. but i expect more a break to the upside and then i will position myself. if its breaking the lower band 1.3300, then i will probably go short.

Cable Update (GBPUSD)

no, yesterday was a bull day with clear sight and resistance far away.

Cable Update (GBPUSD)

the MMs have done a good job and even lifted the prices above the resistance. red zone turned blue. we are now in a narrow range (red and blue zone) and today's pendulum movements would not surprise me. somehow i will already get +20 pips, probably ...

Cable Update (GBPUSD)

+20, finishing before noon is always a priority. and besides, CPI numbers are coming in 3 hours.

Cable Update (GBPUSD)

clearly a long day today. since many MM were surprised by the crash yesterday, they have to pull the prices back to the starting point at 1.3280.

Cable Update (GBPUSD)

the hesitation on my part to go long today was helpful... the shorts would have gone much further, but profit is profit and was fast.

Cable Update (GBPUSD)