The fact we had US bank holiday friday means we could be seeing a bigger range than normal, just something to keep in mind.

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I've considered removing the RSI indicator, it keeps me out of trades I would usually take etc. Besides stuff like divergence I only really see a use on larger timeframes.

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The third is dollar, so I assume sell.

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Gonna skip today, that early opportunity missed has got me on tilt . Good luck all

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If you are losing 75% in a day you are risking wayyy too much. Risk 1% maximum per trade.

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I'd like to see us drop to 12340 area to form an inverse head and shoulders, should bring the bulls in.

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Decrease lot size, keep trading with a backtested strategy that you know works. I'm not profitable yet so maybe not the best person to answer but not far off break-even after being 40% down and this is how I did it. Keep risk around 0.5-1% of the ...

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Missed a nice short off the pivot because I had a lie in In short again off the 200 EMA.

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I know my target and stop loss, I can stick to the stop loss, my problem is I can't stick to the TP. The risk management is there it's just my brain ruins it

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I guess it depends on trading style, however my profit factor is a lot lower then I want it to be. Even in my profitable months my profit factor is less than 1, just my win rate is 60-70%. I'd prefer a profit factor of around 1.5-2 but I keep taking ...

Cable Update (GBPUSD)

Thank you I hope so, I'm only 5 months into forex however I've managed to get myself out of the -40% hole I put myself in within 2 months. Only down 7% now and have been making around 10% a month for the last 3 months.

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I can see how it may be a difficult decision for you, however my main problem is taking profits too early. I rarely let it run to my TP even if I'm confident price is going to reach there, I just see green pips and take them! I feel like trailing ...

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I might start doing this, removing TP altogether and just moving stop loss at each pullback.

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Do you just use a standard trailing stop or do you do it manually? If automatic stop, what step count do you use? If manual, how do you decide how much to trail it by? Just curious as I've played around with trailing stops before and never found ...

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Failed to make HH, lets go down a bit now.

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Ahh could be cross on MA's on multiple timeframes I assume.

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What is that indicator on the upper left of the screen and what is it based on?

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I noticed that, doesn't seem to be having much effect on GU though.

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Exited my positions in anticipation of the news, ugh, this just doesn't want to retrace at all. Put your shorts in guys, I always lose!

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I just want a 20 pip retracement is that too much to ask

Cable Update (GBPUSD)