I work on exactly the same principle. 50 pips per day is the target. One day one could reep 100 pips, the next could be -50. I work with a 2% money management rule. If any one trade reached 2% of my account equity, it will be liquidated. If I have ...

Cable Update (GBPUSD)

If you got 50 pips per day consistently, that can work out to handsome sum of money while using good money management. Nice one.

Cable Update (GBPUSD)

What is your daily target?

Cable Update (GBPUSD)

Nice one. I'm off to beddy byes now. Happy pipping!

Cable Update (GBPUSD)

I hope, from personal reasoning, the GBP gains strength against the USD. I put in a forward purchase order when it was at 1.86 to buy a large amount at 1.89. It only reached 1.885 then dropped, and still I have no forward purchase: which is ...

Cable Update (GBPUSD)

Price action for at least the past half year on the GBP/USD (a daily chart of which is shown) has been characterized by relatively large chart pattern breaks. Currently, price is continuing within a prolonged descending wedge pattern consolidation ...

Cable Update (GBPUSD)

Higher probability to test 1.4900 and if breaks through that, test 1.5000.

Cable Update (GBPUSD)

I think this head and shoulders on the daily will have a great significance in the direction of this currency pair. There are a lot of institutional traders talking about this: the money is talking about this.

Cable Update (GBPUSD)

Thanks! Ha, we've had the conversation before because it is a principle. It can't be applied to all price action, but it's good to take all pieces of price action information into concideration. By knowing what all the information means, you have ...

Cable Update (GBPUSD)

True, anything can happen.

Cable Update (GBPUSD)

It can happen, and it's happen many times in the last 5 months. Anything, and I say anything can happen: you just have to work on the probability of trades going in a particular direction. Good luck with your trading matey, I bid you many prosperous ...

Cable Update (GBPUSD)

13 hours to go up, only 4 hours to come down. That is bearish sentiment.

Cable Update (GBPUSD)

Some resistance at 61.8% area.

Cable Update (GBPUSD)

Geronimoooo....

Cable Update (GBPUSD)

l.o.l.

Jacko's Forex House of Pleasure and Pain

Ha I'm not opening a trade in this pair at the moment, I have some open positions in some others which I'm satisfied with... I trade the higher probability trades

Cable Update (GBPUSD)

From my experience, this kind of price action usually breaks through after a while and continue down (whether that be 20 pips or 200)...

Cable Update (GBPUSD)

There is either a lot of indecision at the 1.47 level for it to hang like this, or there are equal number of traders shorting and going long at the same time...

Cable Update (GBPUSD)

I think there will be strong resistance around 1.47 around. Watch price action around this area carefully.

Cable Update (GBPUSD)

On your charts, What are those lazer quest looking lines coming from one point? How do they work?

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