I'm in the same boat as you in terms of a shitty first year. =\ I sometimes still can't believe I traded the way I did, and wanna kick myself for it. All that capital wasted for potential trades! But right now I'm making much better trades too. All ...

Cable Update (GBPUSD)

Don't know wtf exactly happened either, only explaination I can come up with is speculation on persistence of US news, causing price to fall, and then stops were hit at 1.5920 falling further, resting on trendline now.

EURUSD

I think this is partly due to E/U strength in speculation towards 1.6000+. Also, G/U's prolonged bearish run has been losing steam over the last few days (i.e. indecisiveness in daily candles). The market is in need of some easing off, before it can ...

Cable Update (GBPUSD)

Just basing on the numbers you posted, then regardless shorting would seem like a good way to go doesn't it. e.g. current price 1.9700, upside risk 1.9800, downside risk 1.9400 => 1:3 risk reward ratio Let's see how it pans outs

Cable Update (GBPUSD)

ahhhhhhhhhhhhhhh, about time we crossed friggin' 1.9650. Now, there's some direction, and back to the Abuwad system! Daily S1 @ 1.9622 Daily S2 @ 1.9516 If cross 1.9600, then I'm shortin' this baby for a ride down. Probably not today though.

Cable Update (GBPUSD)

To be honest, I am so @#$$-ing relieved the price dropped back to 1.9660 levels. The last 2 days have been living hell for me holding onto a bad entry - short @ 1.9680 last Friday. When the price shot up to almost 1.9900 because of bluddy Wachoiv ...

Cable Update (GBPUSD)

hmm... GBP pretty much status quo to bad, EUR bad. Let's see what US has to offer...

Cable Update (GBPUSD)

I think there's some misunderstanding here. Just to clarify, I was the one who said to trade the breakout. If you read carefully, I never implied a breakout HAD occured. Rather, this was a note to posts on page 432 and before who were saying how G7 ...

EURUSD

Recognize that every trade taken comes with a amount of risk. Each trade should be made based on this calculated risk that comes with the trade. Is it possible the price might against your trade? If yes, by how much? Can you lose that amount? If you ...

EURUSD

yea, trade the breakout folks, better risk-to-reward ratio. Trade to win... otherwise, why not just go to a casino? A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ...

EURUSD

Quite sure its dropping right now, unless Bernanke say something extremely @#$@#$ stupid. 1. Bounce off down trendline on Daily 2. Double bearish candles off 1.9835, and bounce off 62 ema on h4 ... even more confirmation when current candle closes ...

Cable Update (GBPUSD)

Well, here we go baby, looks nice and snug under Daily R1 1.9810 right now. Another good indication - look at the volumes for the last few bars on M30, high on selling, low on buying. I think its gonna start falling now. Done it's retrace nicely at ...

Cable Update (GBPUSD)

It seems that price is facing difficulty crossing 1.9835... more bearish action further to come?

Cable Update (GBPUSD)

if this falls below 200.85, i'm gonna short the hell outta this bitch

Auslanco - GBP/JPY and GBP/USD (newstrade)

GBP/USD is ranging between the two trendlines atm, and will continue to do so until a clear breakout. Same story with EUR/USD. Which side depends on news today, but it's a downside bias for me, with a breakout expecting to re-test 1.9747.

Cable Update (GBPUSD)

Just learning how to use andrew's pitchfork and must say i'm stunned at how price has jumped off lower band of pitchfork so accurately. Re-test of 1.5900?

EURUSD

Well... it's certainly looking down right now. Price has crossed lower band of the up channel, and moved into Daily S3 (1.9890). It might run up back a little to 1.9920ish and head back down again. Looking at 1.9737 strong support as target.

Cable Update (GBPUSD)

It would be great to hear from some of the more experienced traders here, especially those who consider both fundamental & technical PoVs. I think news are 'breakout' movers, from the fib, S, R lines. The technicals pave the path for the price to ...

Cable Update (GBPUSD)

IBFX used to have a series of great tutorials which were easy to pickup, but i couldn't find the link to them anymore. It seems they've put it in video format now: url

Cable Update (GBPUSD)

Very interesting and scary moves indeed. 2.0060 is v.strong resistance as Bones mentioned. NFP numbers did cause price to jerk up, but Andrew's pitchfork top line, happens to coincide near 2.0060, and I reckon many sellers went into action at this ...

Cable Update (GBPUSD)