My..that's...a crowded LONG trad...I mean train!

Cable Update (GBPUSD)

Not quite. This name is just for laughs, like the picture. When I first joined FF back in 2004 I was already trading for some years, but not profitably at all. I think I must have been one of the first FF readers. Then I quit it for many years (FF, ...

Cable Update (GBPUSD)

Curses!! yarr! Took me out of long @ 1.2344 O well, still just over 40 pips on cable. Still in the G/JPY position, go yen go!!

Cable Update (GBPUSD)

Something like this happened to me with GBP/JPY as well, one morning there was a £38000 unrealised profit in the morning, by the afternoon it was all pulled back. Years ago, I was still at work at the time, but you bet I remember it well.. It was a ...

Cable Update (GBPUSD)

This is why I need to thank Elbert: 1hr 45mins ago he posted this snapshot of GBP/JPY 4-hourly, which I was not monitoring I almost failed to notice it because of the trendline he had drawn, but if you pay attention, price had JUST poked below the ...

Cable Update (GBPUSD)

Yarr!! Took the same trade on GBP/JPY as well (thanks to Elbert for that G-Yen trade, his post made me notice that the G/Yen pair had just taken out yesterday's low by a few pips and had a high probability of that being a fake breakdown, and about ...

Cable Update (GBPUSD)

Ohh juicy! Me likey! Maybe pips for Luke!

Cable Update (GBPUSD)

My puffer fish is out of long for -8pips! Curses!! Yarr!!

Cable Update (GBPUSD)

I did notice you were going to supposedly trade the short if it broke the low. That's why I didn't suggest that you did take the short. I did say that you pointed that candle as a bearish sign (suggesting you were ready to short and go against the ...

"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade

Bought again. It is trying to break last week's low but more likely to bounce back. Good place for a punt with small SL, putting limited capital at risk for potentially nice reward

USD/JPY Discussion

I used to have some books on patterns, and there was also one that had some historical statistical analysis of success rates. I don't remember the names of the books though. I used to have almost all of them and now I got none If I remember ...

USD/JPY Discussion

Oops! Got taken out by another engulfing candle, almost a day later. This time it was indeed a prelude to a decline! Should have grabbed the 20 pips profit from fading the first engulfer and ran, lol! Yes it did look like the price was forming a cup ...

USD/JPY Discussion

Yarr me mate Knkie! We gonna set sail for the puffer fish feeding grounds that are far in the northern seas (posted here on May 26th, post #522781) . And we're gonna take no prisoners!

Cable Update (GBPUSD)

Yarrr! Bought again 10 pips lower than my previous exit Attack, me mateys! Attack!

Cable Update (GBPUSD)

Hope always dies last. Even accounts tend to die well before it does

Cable Update (GBPUSD)

teh predatory puffer fish strikes again! +70pips from fading the drop before London's open and going long. Yarr!! Before and after

Cable Update (GBPUSD)

By the way, Steve Nison, whose book you mentioned, did indeed have his own special definitions of the classic engulfing patterns. I read his book about 16 or 17 years ago, and have long since gotten rid of it. I hope it has since been recycled into ...

"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade

I thought I'd put some capital where my pufferfish mouth is, and take a LONG on AUD/CAD today, fading yesterday's daily candle which you described as a bearish engulfing (it wasn't, because its open was the same as the prior candle's close, so it ...

"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade

Did someone say fish? Teh powa' of teh puffer fish is with the bulls!

Cable Update (GBPUSD)

By the way Peter, you said earlier that one could get better results from engulfing candles if they make sure they agree with the direction of Moving Averages (20, 30, 50 you mentioned as examples) Did you use the MA direction confirmation on this ...

"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade