I believe that Murphy's law states that the moment I start posting trades after a nice winning streak I'll have some losers. OK, so now I'm short at 1.6306, with a 35 pip loss. Down 75 total. If it keeps whipping like this I will draw channel lines ...

Milking The Cable Trend

Dont see the point K. He is not sharing the system. Meanwhile I'm making money. Always wanting to do better though!

Milking The Cable Trend

OK that one was a loser. -40, full stop. Now I'm long at 1.6341 If you think I'm worried read the rules, get my template and look at the last 3 trades. They made over 850 pips! Yes, I took some off at lower numbers but if you take my advice and left ...

Milking The Cable Trend

Hi Everyone, I will be back soon to go into more detail about the above chart, but I wanted to post because a trade is setting up right now. Will it be a winner? I have no idea. Please use a demo account unless you are a seasoned trader. If price ...

Milking The Cable Trend

OK, here is the beginning or part B. This is all about re-entering and doing shorter term daytrades once the trend has established. We are looking for pullbacks to the moving averages, especially ones that go near the 20 and the 34. We are also ...

Milking The Cable Trend

Great K, This is the kind of feeback I'm looking for. I will study the thread when I get a chance. My closest stop is 40, and in the last 3 months I have not seen more than 3 losses in a row, and have not yet seen 3 full 40 pip losses in a row. The ...

Milking The Cable Trend

Thanks to all of you above who have posted intellegent feedback and offered help. I will try to answer you individually soon. Bob in a bottle, dont worry about spelling that much, I actually don't. I was simply responding to someone who obviously ...

Milking The Cable Trend

ONE LAST POST FOR THOSE WHO WISH TO BE CHALLENGERS: I challenge YOU to find any two week period where the part A of this system lost money! Of course, that would require you to actually study the method and do some work. I have only gone back 6 ...

Milking The Cable Trend

Here is an interresting one. The end of last week, if you had entered a breakout entry on the first arrow, you would be in the trade, but the 3ema has not yet crossed. If you used a 40 pip stop, which I recommend, you would not have been stopped ...

Milking The Cable Trend

Thanks for the apology, I think. When you call someone a scam artist it is personal. Apology accepted, have a nice weekend yoursef.

Milking The Cable Trend

Seems everyone is so concerned with what position I have. Folks, it's about the long term. Have you ever blown up an account? I have. And in the process I had many winning trades. If you must know, my last popsition I went long at 10/13/09 on the ...

Milking The Cable Trend

Superscalper, First of all you may want to learn how to spell. Secondly, I am not here to prove anything. If I did scam you, how do I profit? I'm simply sharing, looking to improve, and looking for some other traders who like this system and want to ...

Milking The Cable Trend

Of course, Maklla. It works on most pairs, although on the E/$ I have not liked the action lately. I like EJ, GJ, and GBP/CHF looks really good lately. I find I cannot watch too many 24/7 and get good sleep. Plus I feel that if I am going to play ...

Milking The Cable Trend

Here is another one. Usually I feel like a genius when I do a breakout entry, because there are so may long candles. This one I would be better off to have waited, but since even the BO entry was ahead 276 pips at it's best I can't really complain.

Milking The Cable Trend

You see how opening a trade would have left about 50 pips to the 34? That is too far for my taste. So I would normally choose to enter on the break of the most recent high. We can choose the high of the previous candle (the green line), or the high ...

Milking The Cable Trend

Long Candles — OK guys, I'm back. I had a pretty full day with my business and personal life but I will go on to the next step. Besides the obvious enemy of the trend trader, a sideways market, our next biggest problem is long candles. When ...

Milking The Cable Trend

Thanks Mindsphere, I do take those things into account, but one thing at a time. My main point is that you could just use the averages and do well. I think I could probably have a better target system, so that part is definitely up for discussion. I ...

Milking The Cable Trend

OK, Here are the next two trades following the chart above. Starting here I will include a 4 pip spread on the buy side. So in the last two weeks we had a little chop but then 3 great winners in a row! In the following days I will post additional ...

Milking The Cable Trend

Wow guys, thread management is more than I thought! Here is a chart of a pretty choppy 4 days. Four profitable trades, requiring a lot of patience, only one 24 pip loser. Except for the last one, the "winners" were close to BE, because of the low ...

Milking The Cable Trend