Oh boy! So when you earn 100 pips in the Forex market, where does the money come from? Who is paying you? You must be joking, right? When a corporation uses the Futures or the Forex market to hedge their commercial activity, they DO lose money on ...

Most traders fail because of no discipline!

Thanks, have a good day too.

Cable Update (GBPUSD)

Out at 1.6600, +100 pips. Time for a cold one. Thank you Sydney.

Cable Update (GBPUSD)

No problem Nala66, thanks.

Cable Update (GBPUSD)

Houston, we have a liftoff !

Cable Update (GBPUSD)

Bought GBP/AUD at 1.6500, 40 pip stop. Now show me the money.

Cable Update (GBPUSD)

Consumer Prices Index, or CPI, usually a big market mover during the Asian session, proceed with caution...

Cable Update (GBPUSD)

Very good. That means the next round is on you

Cable Update (GBPUSD)

Less than 30 minutes to Australian CPI report, hard to tell what the GBP/AUD is up to...

Cable Update (GBPUSD)

Yes you are right, but for a day trader like me the Oct crash was like 50 years ago Lol On the 1H chart we see a huge bullish candlestick pattern, the 3 White Soldiers. Only here there are four of them (see chart below and look at their ...

Cable Update (GBPUSD)

Wow, you are probably trading with higher time frames. Personally I cannot wait for a 500 pip move to place a trade, no way, I would rather watch paint dry!

Cable Update (GBPUSD)

And where did you put your stop?

Cable Update (GBPUSD)

Hi BenjaminIs, Wow, very impressive, that means you are making 80% a year on a compound basis, almost 10 times the ROI of the S&P 500! What is your maximum drawdown if I may ask?

Most traders fail because of no discipline!

I am not sure but I think I read somewhere that US officials can confiscate his/her winnings if they catch a US resident trading from an overseas Forex account. Anway, and on a funny note, here is Hitler reacting to that Dodd-Frank Act we are ...

Can US residents trade fx offshore?

Out at 1.2520 (18 pip loss). Oh well, that leaves me with a 3 pip loss for the day (+15 -18), I can live with that. Now looking for another possible short re-entry, the night is still young. Watching GBP/AUD in the meantime, Autralian CPI coming up ...

Cable Update (GBPUSD)

Thanks. If you want even more info I recommend the Encyclopedia of Chart Patterns by Thomas N. Bulkowski, a classic.

Cable Update (GBPUSD)

Short at 1.2502, 25 pip stop, the break-down is still valid and that reversal to the upside is not fooling me...

Cable Update (GBPUSD)

That's not entirely true Hanover. Any profitable trading system has its own predictable mathematical expectancy too, which is simply the average profit per trade. Some systems make $500 profit per trade per lot/contract on average , while other more ...

Most traders fail because of no discipline!

Hi Tekkonkira, Trading double tops (DT) and double bottoms (DB) is tricky. In fact these charts patterns are the least reliable. But if you still want to trade them you should at least wait for confirmation before pulling the trigger, because more ...

Cable Update (GBPUSD)

Exit at 1.2500. Yeah, I'll take that 15 pips, thank you. Now beat it.

Cable Update (GBPUSD)