TY for the kind words Kas... I know because I have been there before. I don't even want to get into how much $$$$ I lost before I started to even turn a small profit. I only gave you a piece of the puzzle though, there is much more to it. Entry and ...

Cable Update (GBPUSD)

Yes.... And as history this year shows us when we get to this range, the trend is sideways... Zoomed way out and drew a red line at ther range we are in atm... I could go back further too. 1995, 1993, 1989 etc...

Cable Update (GBPUSD)

Confidence will come with time. I have faith you will get it. Back to that trade.. By your post, when you set your sl, that is the amount you are willing to lose (hence the risk you will take), which in that case was 30 pips. Structure your contract ...

Cable Update (GBPUSD)

Pull up your daily chart... zoom out on the chart.. You will see that we went sideways in this range. This has happened 3 times this year (This being the 3rd). Was actually a pretty easy pair to play this week.

Cable Update (GBPUSD)

The only reason it suprises me is the day of the year it is. Didn't expect much today.

Cable Update (GBPUSD)

I would think the bulls would be rocking and the bears crying...

Cable Update (GBPUSD)

We may see it back down from here a bit.. hit one of my MA's and fib lines here. Still don't want to go short though. I am out for the year. C.

Cable Update (GBPUSD)

Well didn't expect this move on the last day of the year... Good thing this trade never got activated. Still climbing as I post this.. just went up another 15 pips so this may be a 300 pip day for the cable.

The Boardroom

Seriously..... Did not expect this PA today. These are some big moves on a day that is typically dead... Guess people trying to get drinking money for tonight...

Cable Update (GBPUSD)

LOL... If you knew me in personally you would know I am a joker and prank master and enjoy a good prank. Speaking on the end of 2010... Where in the hell did this year go?? Granted in a way I am kind of glad this year is over and look forward to ...

Cable Update (GBPUSD)

I'll take the third one from the right... If now one wants the others I will take them too....

Rufus

By the positons I saw you had last night, it appears you had a very good day today.. If so excellent.

Cable Update (GBPUSD)

Ifty, I agree with you 100%. We all have preferences as to what we use and how we use it. Like I said every indicator has it's uses. I said I prefer MACD. One problem (weakness) with the MACD is that PA can be moving one way and the MACD pointing to ...

Cable Update (GBPUSD)

Interesting — Well, todays 200 pip up move seems to have broken the daily sideways channel, which honestly I did not expect. This also give us a doji on the monthly, SO may have to wait to figure out how to play it. I still have a short bias ...

Cable Update (GBPUSD)

The problem with all the mentioned indicators, Stoch, RSI, MACD, OSMA, etc... is that they are all LAGGING indicators. Don't get me wrong they all have their uses, but they go off of what has happened already. You can actually see the same thing by ...

Cable Update (GBPUSD)

NP Kas, That is what we are here in the forum for, to learn from each other. You too have a Happy and Prosperous New Year. C.

Cable Update (GBPUSD)

I usually like to do the opposite of what I hear out and about. If I know the majority of the people are believing something I like to go the other way. I do believe that in 2011 we may see the stock markets, gold, silver, oil etc.. increase a ...

The Boardroom

Kas, Something doesn't seem right there... I think you meant 1.5415 since at 1.5515 trade, T1 1.5434..1.5450 you would already be anticipating a loss. Now for the bigger point assuming trade @ 5415. Just my advise from what I have found in my ...

Cable Update (GBPUSD)

I agree with you big time... I am not sure you caught my tone here when I said the "so-called experts". I usually like to do the opposite of what I hear out and about. If I know the majority of the people are believing something I like to go the ...

Rufus

Don’t want to be greedy. Closed trade @ 5377 for +127. Out for the year unless my OCO orders trigger. Take care everyone and trade safe. C.

Cable Update (GBPUSD)