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plymgary replied Aug 9, 2018@Ill-b-back - What are these, and where do I find them please? I'm tempted to long @ 1.2770
Cable Update (GBPUSD)
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plymgary replied Aug 6, 2018Placed a buy order at 111.359. Reasons: On 4hr, daily, and weekly chart the price is above the 50SMA (uptrend). Price broke through the 50 level fib (drawn from 26/07 - 01/08) on the 4hr chart. Then, rebounded on the 1hr. When price broke through on ...
USD/JPY Discussion
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plymgary replied Aug 2, 2018I'd be tempted to buy rather than sell. Not touching it though!
Cable Update (GBPUSD)
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plymgary replied Aug 2, 2018Sometimes makes me wish I was a 'news' trader. Logic said price was going to go up, but my trading plan doesn't allow me to make it up as I go along.
I was so tempted to press 'buy' two minutes before the news, but stayed disciplined!Cable Update (GBPUSD)
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plymgary replied Aug 2, 2018Sold this at 3126 as it breached the 50SMA on the 4hr chart. It's been trading under the 50SMA on the higher TF's too. Currently 45 pips in profit (holding out for 110), but B/E already set in case the news in 30 minutes sends price shooting up!
Cable Update (GBPUSD)
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plymgary replied Aug 2, 2018What exactly is the point of this thread other than an ego-stroke?
From USD$195.00 to over USD$8,000.00 scalping mental stoploss
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plymgary replied Jul 31, 2018So, you're basically gambling on an all-or-nothing system? This can only end one way!
From USD$195.00 to over USD$8,000.00 scalping mental stoploss
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plymgary replied Jul 31, 2018Hi. Well, I'm still learning myself so don't rely on what I say! But currently I'm using: 50SMA, 20SMA, Fibs, and price action. I've attached my plan if you want to use it as a guide for your own. No idea if it'll be profitable yet - early days with ...
Will my indicator-based strategy ever stop working?
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plymgary replied Jul 31, 2018Yep, I think it's standard that they ask that.
ESMA, thanks for moving margin call closer!
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plymgary replied Jul 31, 2018Many of the brokers are allowing people to apply for professional accounts without requiring any proof you meet their requirements. Not something I'd endorse, of course.
ESMA, thanks for moving margin call closer!
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plymgary replied Jul 31, 2018One of the reasons I didn't use non-standard indicators is that I worried whether they were future proof or not? If I built a trading career on MT4 indicators what would happen in a future where MT4 was no longer? Some of these indicators don't even ...
Will my indicator-based strategy ever stop working?
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If you could go back - one Forex thing you'd tell youself?
Started Jul 26, 2018|Trading Discussion|64 replies
For all of us who have been trading Forex for a couple of years we'll have learnt lots along ...
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plymgary replied Jul 26, 2018Simple answer is - Anything! I'm at the beginning (well, two years) of my journey too and realised that indicators are a bit pointless. I guess many seem to get them to work but I decided that learning price action, support/resistance levels, and ...
What happens with this indicator, or is it the market? See image
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plymgary replied Jul 24, 2018I didn't realise the market had a lawn.

News trading discussion - continuation
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plymgary replied Jul 24, 2018Just out of interest does anybody know why the USDCAD has taken a fall this morning? I can't see any recent news that accounts for such a drastic slide!
News trading discussion - continuation
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plymgary replied Jul 19, 2018Haha, brilliant and so true!!!

When price is close to TP what should we do?
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plymgary replied Jul 19, 2018I'm not taking about the charts. I'm just saying that, in general, things aren't looking too good for us as a country.
Cable Update (GBPUSD)
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plymgary replied Jul 19, 2018I'm in with a long (1.3018) and will keep it over the news. Predictions are that retail spending has increased over the World Cup so I'm hoping that: 1. They're right! And, 2. That it pushes the price up. Either that, or I stop out in 40 pips (I've ...
Cable Update (GBPUSD)