There may or may not be "discussion to be had with incompetent people" but that's besides the point. You are here and having the discussion. I suppose you could always choose not to participate in the discussion. One wonders why you've chosen to ...

Trading Without a StopLoss

I have found this to be very true in life. As I raise 4 wonderful children of my own, I realize they too will take this path. And I find it's the children, not the parents, who yell things like Troll and stick their fingers in their ears yelling, "I ...

Trading Without a StopLoss

I think you're trying to tell us something, but I'm not sure what.

Cable Update (GBPUSD)

Why do people get so angry at those of us who make money by not using stops?

Trading Without a StopLoss

I bought in again this morning at 6075. If it drop down below that I'll buy a bit more, but if it keeps dropping I'll sell at a loss. If it keeps going up, I'll buy more after we level off and take a small dip.

Cable Update (GBPUSD)

and you said a bottom was, "It signifies rejection of a price following a down move" and then you said, "but price rejected a level. twice." You're saying the same thing I am, but you insist we aren't in agreement. Weird.

Cable Update (GBPUSD)

Indeed, but you seemed to be giving a different definition. We seem to agree then, that triple bottoms happen at the bottom and double tops happen at the top. Clarity, however, is more important than agreement.

Cable Update (GBPUSD)

For you then, there is only one top and one bottom? The top being 2.1150 and the bottom being around 1.3637?

Cable Update (GBPUSD)

They sure do! And tops happen at tops.

Cable Update (GBPUSD)

I moved out of my position for a nice little gain today. Short term, I think JimmyC is correct and we're hitting the upper edge of a falling wedge. With today's large up candle, I expect tomorrow to be a partial retrace. At that time I'll look for a ...

Cable Update (GBPUSD)

Hello JimmyC! As far as charts are concerned, what I'm seeing is a triple bottom (And gap fill) and a double top. image Seems to me we are trading in a range right now.

Cable Update (GBPUSD)

BTW, can anyone tell me if I have my 200 sma set correctly on the hourly? On my chart, it looks like we are now trading above the 200 sma.

Cable Update (GBPUSD)

Now I think is the point where I find a spot to add to my position? Looks like I made quite a bit while I slept. I'd have been up much earlier and maybe even sold, but due to twisting my back this past weekend, I took a lot of pain killers last ...

Cable Update (GBPUSD)

Thanks for the advice. But this happens to me most nights. For some reason, the market likes to move sideways from the time I get home to the time I go to bed. Not always though, but most nights. Then I make a decision and go to bed and live with ...

Cable Update (GBPUSD)

Well, I'm in a familiar position again. I'll be headed to bed soon and didn't get out of my long. Sell at a loss before bed? Put in a lower stop and hope for a bull run while I sleep? Hrmmm, well, I still have an hour or so to think about it.

Cable Update (GBPUSD)

Yeah, I finally started to make money consistently when I stopped using stops. To do that though, I had to trade much smaller. Otherwise, I'd probably die of a heart attack watching the market. Now, it can move 200 pips and oh well. No big deal. ...

Trading Without a StopLoss

Oh, I wasn't that smart and it never it got back to even, just close. Or if it did get back to even, well, I missed it. Now I've bought more in hopes of a bounce!

Cable Update (GBPUSD)

Nevermind, not worth it at this point. I'm back to even money at 1.5912. I was going to double my lot at 1.5892 but got busy at work.

Cable Update (GBPUSD)