Yes! Sorry for the typo....tp1 was almost hit....trade still in running

Cable Update (GBPUSD)

Brave Man — I am scalping in the direction of the trend (down) and just taken a 3 lot short at 6002, sl at 6022, tp 1 at 6082

Cable Update (GBPUSD)

I use the "Vegas 4HR" method to determine the weekly trend and then look for confirmation on the 4HR and 1HR. As soon as price on the 15Min goes against the 1HR, 4HR and Weekly trend...Im looking to get in. I use "Randy Candles" for actual entry. If ...

What is your most profitable trading method?

Many mistakes over 10 years!! — Off the top of my head: 1. Averaging up/down...the second worst mistake a noob can make 2. Moving my stops 3. Placing unrealistic stops and targets 4. Fear of losses instead of embracing the vital information ...

What was your biggest Forex mistake ?

Mate...please dont take this the wrong way but why worry about something that, even if it were true, you cannot control or influence? Why not simply read PRICE and let it guide you? As I posted earlier, it broke the 6479 support, broke through minor ...

Cable Update (GBPUSD)

Still Short — I still cant see any reason to go long. Price has penetrated the 6479 MM pivot and is ranging between this level and 6500. Unless I see a clear break out of the 6500 level AND a retest on the support side (i.e. 6500 res becomes ...

Cable Update (GBPUSD)

Ha! Ha! Just as I type, an alert candle is forming on the 5min. If this closes above the 3SMA, I will close out the trade and step aside until we get clearer direction.

Cable Update (GBPUSD)

My Price Analysis — Im short from 6500, TP1 - 6480, SL 6540. Why? Well as a Price trader, it has found mid session resistance at the 00 and has now opened below the 2/8 MM Line which is the strong pivot line. I am only trading a 1 lot at the ...

Cable Update (GBPUSD)

I have just been filled: SHORT 6065, SL 6145, TP1 5985. Trade Target 5865 Size - 5 lots Rationale: Every evaluation I have done shows significant bias to the downside based upon price. As such, I am looking for rallies and levels to short. I make ...

Cable Update (GBPUSD)

I dont know how you guys do it — I simply cant see any reason to long right now.....what am I missing?

Cable Update (GBPUSD)

I used to trade on feelings but changed to trading on probabilities instead. Infinitely less stressful and has been more successful for me

Cable Update (GBPUSD)

Still short from 6154 — Taken half my size at 6054 and letting the rest run down to 6004. If that happens it would have been an excellent week for me

Cable Update (GBPUSD)

Very nice! That long was not my cup of tea personally, but pips are pips!!

Cable Update (GBPUSD)

Nice quick 17 pips...well done! Im tempted to enter a short around 6108-6113 to test previous major support acting as resistance, but reluctant to do so so close to London open

Cable Update (GBPUSD)

Closed my 6090 short at 6065 for +25 as price close above 3EMA on 5min chart on bullish Heiken Ashi candle (one of my rules). SL on my 6154 short has been moved down to 6124. Will now wait for London open for reentry short

Cable Update (GBPUSD)

"Im in" means long or short mate? what are your targets and stop loss? Rationale for trade or is it SOP trading?

Cable Update (GBPUSD)

Im a simple guy - This what I see — Hourly close under both major support at Murray Math 0/8 6113 and -1/8 overshoot 6083. In addition, not only did we break 6113 and ran down to 6060, but crucially we also retested that level and it held as ...

Cable Update (GBPUSD)

Like you I am bearish and holding a short fro 6154. HOWEVER, Im just wondering why you decided to short at major support (6110-6113 area) and just minutes before the Nationwide news?

Cable Update (GBPUSD)

Agreed....but If it did meaningfully break 6100, I dont think -1/8 (6083 on my charts) could stop it running down to 6050

Cable Update (GBPUSD)

Broke through 6113 Murray Math Line with is the strong support line. First Stop 6050....if the hourly closes below 6113

Cable Update (GBPUSD)