Yeh I use the minimum lots my broker allows I said I wouldn't increase until 3 months of profitability after I hit B/E. I've been teetering around break-even for a while now think its causing me to make some psychological mistakes. I only trade ...

Cable Update (GBPUSD)

Yeh its quite a big downfall of mine, both on entry and exit.

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Yeh I got out, I have no patience haha. Done for the day, lets see what tomorrow brings.

Cable Update (GBPUSD)

Broke below weekly pivot if this holds then down to the daily pivot!

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Now to get below weekly pivot...

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Wanting a close below if possible

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Head and shoulders on 15m, need to break neckline at 12595 then its going down.

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Took short at 12640 TP at R1.

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Bearish divergence on 15m. Hourly overbought.

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At what point do you cut your losses?

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Short 12610, lets see how this goes...

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I wouldn't say I'm an economist, maybe an aspiring one . Either way I agree with everything you say. In terms of the instutional traders knowing before the news come's out that shouldn't be happening and would be classed as insider trading, ...

Cable Update (GBPUSD)

Yeh I can see the reasoning behind that however large timeframes are made up of smaller ones at the end of the day. To be fair I'll probably remain short until tomorrow's news then see how price reacts and re-evaluate my bias. Longer term I'm still ...

Cable Update (GBPUSD)

Thank you that's appreciated, I am still very new to the game though. Only just hit break-even . I tend to use fundamentals to create my bias, even though it's probably best not to have a bias, I subconsciously have one anyway so I would rather it ...

Cable Update (GBPUSD)

I'd guess so, we've had no spending for the past few months. US inflation rate improved today, I don't see that being the case for the long run but seens as there lockdown was such a farce their economic data looks good.

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Possibly, but considering we've been in an uptrend for past couple of weeks it may cause what could be a correction into a reversal into a longer downtrend. Anyway I'm a noob just playing with possibilities.

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True I guess we'll see but no doubt the inflation rates going to be awful.

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Be an easy sell tomorrow morning when inflation news comes out.

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I do plan my trades it's just as soon as I see profit I'm itching to take it, then it will end up going to my pre-planned TP anyway... Im considering doing a more set and forget approach tbh, I think one of the problem's is I sit watching the charts ...

Cable Update (GBPUSD)

Need to learn to hold my trades...

Cable Update (GBPUSD)