TL held, first downside target (daily open) hit. 1H close below DO puts Monthly open, 15700 into play. If for some odd reason we close back above DO, will reverse position and target 1584, 15900 topside, ...doubtful but whipsaw market anything ...

Cable Update (GBPUSD)

current charts w/ near targets for BO/reversal. see when we hit them. since we're chopping, still just trading lower TF atm. not much else to add until we break out proper. a close above the monthly balance point will put us back in bull territory, ...

Cable Update (GBPUSD)

Unless you know the accounting method that was used to calculate these statistics, the numbers are meaningless. Let's say all break even accounts were divided and applied equally to both categories, or breakeven and above are applied to the ...

The 5% success myth busted by CFTC

I think what kendi is referring to about the login being slow is the security pin puzzle game on jforex. it's a bit silly. take tradestation for example. they know where you're logging in from and won't allow a different address access without ...

Dukascopy

better chart — is 5PM here so time to crack the sake! was a great trading week. hopefully once G20's out of the way, we'll get some more nice moves. GL with your trades and have a great weekend everyone.

Cable Update (GBPUSD)

lol... sure is quiet in here. getting near to testing the bottom and MPP. one of 2 things. positioning down for news, or close to a breakout. if we bounce then the box range will most likely hold until sometime next week. url here's a chart with ...

Cable Update (GBPUSD)

hi Justin, Thanks for your reply. I agree that the percentage differences of successful traders would have to come down to accounting method. There really isn't any other logical explanation for that large an anomaly. I understand what you're saying ...

MB Trading Futures - Introduction

What's interesting is how deftly China played this situation. The Fed was trying to reduce their debt to China by weakening the Dollar, but it backfired when the Chinese invested strongly into Gold and the Euro and accelerated the spiral down. Now ...

Cable Update (GBPUSD)

updated chart — case in point....lol btw: here's an interesting broker comparison and trader profitability report . url

Cable Update (GBPUSD)

A good rule of thumb is not to assume anything about who's posting, who's not, or why. Some of the "great traders" who've left might of had to pick up an extra pizza delivery shift for all you know. The same holds true for assuming that real traders ...

Cable Update (GBPUSD)

hey Bel! Here's what I'm looking at. The 50% pullback of the move down stopped on the dime 15874, and the move down to test the Monthly Open area prior resistance as support is logical. So all we've done thus far is establish a potential range. ...

Cable Update (GBPUSD)

yes. to get to 15500 we would need to break the weekly low at the MPP first, which is also 50% of the move from 17042 to 14233, so is the center of balance for the pair. while we might see 15500, a break below 5725 doesn't guarantee the 150-200 pip ...

Cable Update (GBPUSD)

GU mid term targets

Cable Update (GBPUSD)

Broker Profitability Comparison — url MBT is included, so I thought I'd post this here. This survey states MBT has just under 5,000 clients with descretionary accounts who have an average profitability of 24%. Justin, are these number ...

MB Trading Futures - Introduction

lol... as long as we're in the green it's all good. now that she's hotting up again, plenty more where that came from!

Cable Update (GBPUSD)

hey bro! what's up? saw you caught the long. nice one! I bailed early... after all this time, still need to learn to have more patience..lol

Cable Update (GBPUSD)

well...we got the close above the descending TL. came back from dinner and saw my TP target hit without me. nice to get it right, nicer to make money. will get back in on the pullback. R1 containing the move for the moment. topside need ...

Cable Update (GBPUSD)

price is exactly where it was 8 hours ago. closed the rest of my long out of complete boredom. they're playing it up the middle today, so until we get a close above or below either trendline, no point guessing. news may have already been priced in.

Cable Update (GBPUSD)

Took second third off the table at 15754 5M MM +1/8. Last 1/3 still in play. Current PA reminded me how much of a pain this particular TL can be. If the next 4H closes below it, will close the rest of my position and wait on the next set up.

Cable Update (GBPUSD)

First TP hit 15730 Monthly Open. SL moved up to 15675. Free trade now, so I'll let the rest run.

Cable Update (GBPUSD)