Summed it up rather well, with some good humor too boot. I would just add it depends if I thought the gap might be against me I might exit for a better entry. Or if the interest fee would be greater then the pip spread re-entry I might again exit. ...

To hold or not to hold trade during week-end?

I use 5% per trade but risk only 2% with my stop loss. Preferably keeping my overall risk exposure to 6% (3 open trades), but sometimes will have 10% (5 trades open). I do realize this is what is considered an aggressive approach. One that should ...

When to Take Profits?

Can't say I ever really caught the indicator bug. I started with the Macd and Stochastic and still use them to help determine trend strength or play short term 1-15 min charts. I did try RSI and a couple volume indicators, but never liked how they ...

Indicators & EA's vs own system

lol first short got stopped out, I just had feeling it was gonna do one last spike. Cable likes to keep you on your toes. So I set a little larger stop then I like for 22, spiked up just 3 pips more lol. got back in for my short at 83, looking for ...

Cable Update (GBPUSD)

Same looking for another bounce near the top for my entry and a fib retracement.

Cable Update (GBPUSD)

aye lots of news tomorrow. Good to see the markets actually making good moves today out of both eur and gbp. Ah good day I needed that.

Cable Update (GBPUSD)

I was in the same short. But I cut and ran, if the market doesn't do what your system is telling you, I've found it's often better to just move on. You can't force it, it either happens or it doesn't. When I'm playing the 1hour chart like I was if ...

Cable Update (GBPUSD)

Lol not really sure, wouldn't mind knowing myself, it does seem rather regular in the april to june area. Maybe oil or something like that, it is the beginning of the peak season for the US. Couldn't really tell you for sure though.

USD/YEN pair usually drops around this time. WhY?

Running into a lot of resistance here, weekly pivot 772, yesterdays R1 882 with a lot of price support which is near the day before R1 779 and todays R2 885. Which is also near friday's high 777 and thursday's high 790.

Cable Update (GBPUSD)

This is pretty good advice. I tend to use a range of things myself. Price action, macd, stochastic, ma's, keltner channels and a few others.

How recognize false and right breakout of support or resistance level.

Tricky one for me, I said one hour. But really it depends how I'm trading that day. News is obviously shorter time frame charts. But if there's no news I try to stick with 1h to 4h. Unless there is huge action on the 5-15 min charts (40+ pip moves). ...

What kind of player are you?

lol missed that, kind of wish I had taken long now.

USDCAD trend reversal?

I was thinking of a long but that last 4hr candle close ruined any decent price action going on. Starting to form a nice little wedge so something is bound to happen soon.

USDCAD trend reversal?

I can't speak for everyone, but I tend to learn more from my mistakes, so I voted yes.

Is losing a requirement to be successful?

That's a classic

Cable Update (GBPUSD)

Aye very risky, it's about the quickest way to find yourself on the wrong side of a trade. Or the right side. Same advice as WTB, read those sections and just watch how the market reacts to news.

How to trade the news

Does this mean I'm pro now?

USDCAD trend reversal?

lol you're right, so used to just looking at the chart down is down right?

USDCAD trend reversal?

Kind of wicked how much downward momentum cad has, I have everything up to the 4 hour coming up and it's barely budging. As long as fundies don't get involved, we could finally see a retracement.

USDCAD trend reversal?

lol been watching euro, getting decent PA on the 30 min. 1hour still has some bite, but it's getting decent PA as well off yesterdays low.

Cable Update (GBPUSD)