No way, pullback time...

Cable Update (GBPUSD)

That inverted Head and Shoulders formation did work according to plan. But like I said before, the British pound does not respect trendlines and other chart patterns, it HAS to shake us out of our position first (look at that huge pullback all the ...

Cable Update (GBPUSD)

Yes the market is unpredictable, but not random. And that's precisely that non-randomness that allows us to make money. If the market was 100% random (and assuming no inside information is used), all trading systems would stop working overnight, no ...

Most traders fail because of no discipline!

Long cable at 1.2375 on a limit, 50 pip stop.

Cable Update (GBPUSD)

Thanks again Davit, I will look into it. And like you said, we can always learn from each other.

Most traders fail because of no discipline!

Peace too, Davit. Thank you for your comment.

Most traders fail because of no discipline!

I give up.

Most traders fail because of no discipline!

Believe it or not, I am just trying to warn and educate unsuspecting Forex traders. And traders in general. And only God knows there are plenty of them.

Most traders fail because of no discipline!

If you believe that then you still have a LOT to learn. But don't worry, the market itself will teach you that. The hard way of course. And 10 or 20 years from now (after blowing up 100 grand or more trying to outsmart the market), you would come ...

Most traders fail because of no discipline!

Long where and stop where ? Oddly enough, everybody is always long or short but after the fact (and of course their stop is never hit...) But yes, GBP/USD looks bullish in the short term. In the long run it will go down like a ton of bricks and then ...

Cable Update (GBPUSD)

Ok, and where can we see the maximum drawdown on these trades (what we call net profit as % of maximum drawdown)?

Most traders fail because of no discipline!

Fair enough. What is the exact url of the thread ?

Most traders fail because of no discipline!

TooSlow, Seriously, if you don't know the definition of a sideways movement (currency, stock, futures or whatever) you have no business trading. Period.

Most traders fail because of no discipline!

Hahahaha. Whatever.

Most traders fail because of no discipline!

Yep, the cable is alive and kicking, at least for now... Still waiting for that pullback however, around 1.2350.

Cable Update (GBPUSD)

So sideways markets do no exist. Oh well, you learn everyday. I guess. Now let me contact these morons at Investopedia and tell them to stop publishing nonsense. url

Most traders fail because of no discipline!

Totally my friend! Money management is even more important that discipline or even trading edge. Yes, it has been proven that you can make money even with totally random entry points, if you use the right exit strategy (money management). I know, it ...

Most traders fail because of no discipline!

Absolutely. Not sure what TooSlow is talking about . Markets have been going up, down and sideways for centuries. TooSlow, here is the definition of a sideways market buddy: url

Most traders fail because of no discipline!

Sure, but without a trading edge discipline is worthless. You need a mathematical trading edge first and THEN discipline. You can discipline yourself all you want but without a statistical trading edge you will lose all your money on transaction ...

Most traders fail because of no discipline!

Good evening (or morning) all. Alright, so what's on the "menu" today, this Sunday 1/22/2017? Nothing much really, the only financial report that could move the market during this Asian session is the Japanese "All Industry Activity Index", due at ...

Cable Update (GBPUSD)