Yeah. First tranche of minor liquidity has been rinsed. 1.280 - ~1.286 looks a good long trade to get into. Question is, where, at this point, do ya risk down to that still gives a decent RR? image Could just go 1:1 RR and risk down just beneath ...

Cable Update (GBPUSD)

Well, that is where the next BIG liquidity pool for upside positions is.... .....and GBPUSD was trading down there little over 1 week ago.

Cable Update (GBPUSD)

It would seem that some ethnic cleansings are more equal than others.

Cable Update (GBPUSD)

So 1.26? Next big liquidity pool to downside. Quite a distance off.

Cable Update (GBPUSD)

Bitcoin & Gold probing new ATHs.....Dow extended by 1.27.....Risk On Currencies within or pushing into short liquidity zones....most of the levered shorts are gone, or soon will be gone. Seems to me that the market is just about done sucking blood ...

Cable Update (GBPUSD)

80% Haircut from ATH. Close your eyes. Hold through thick and thin. Keep fingers crossed that there is at least one more massive pump left in it, before they (the CIA, who created Bitcoin), pull the plug on it in the most spectacular way.

BTC increase

Always a big risk taking these counter trend trades with such an obvious big fat juicy liquidity zone sitting just a few ticks above, completely unharvested...now that it has been harvested, perhaps a reversal short trade might be in order, ...

Cable Update (GBPUSD)

Just to be clear, although I am not actively participating atm, my prevaling bias is still long GBPUSD. I will reiterate for Scan Readers DONT BE SHORT THE GBPUSD (imo) BUT, if I were to adhere to the trading principles taught to me by the chump ...

Cable Update (GBPUSD)

It makes sense not to use a Stop Loss, until one day, your trade is so utterly wrong, that the market runs right against you, and simply doesn't look back, and you either bail out at an orders of magnitude higher loss than you intended, or you hold ...

Do you use stoploss?

Its the old adage that 'you cannot make money in Forex', often spoken by stock traders, whose strategy amounts to buy the dip with little to zero leverage, and hold for however long it takes. And lets face it, anyone exercising that strategy anytime ...

Stock market is better

Looking at Gold on a multigenerational timeframe... ...there is no more bullish looking chart out there. Sure, indices are all pushing at record highs, but at the same time are looking extremely stretched. Gold is pushing at ATHs, and doesn't look ...

Cable Update (GBPUSD)

Having stared long and hard at GU, my opinion fwiw is, the obvious easy liquidity zone is up above. Having persisted at this shit for long enough, I find that the way I was taught to read the market, is more often than not the wrong way too read the ...

Cable Update (GBPUSD)

Looking at the US30 chart (I haven't been paying much attention) on lower timeframes, there have been a few great signals for day trade longs to be fair this past week. Do you not get paid 'yield' on your US30 position, which should offset the swap ...

Cable Update (GBPUSD)

Time to get the Fib Extensions out in such cases: Dec 2018 - Feb 2020 Saw a 1.414 Ext from Pivot Low over previous ATH, although 'Black Swans' could be said to have gotten involved there (if u believe there is any such thing as a Black Swan to the ...

Cable Update (GBPUSD)

I can vouch for Charlie Burton. Room is pricey, around 120 GBP per month, but he is the real deal. One of the few (perhaps the only) trading educator's that I would recommend to anyone. He takes trades in real time allowing for copy trading and ...

Cable Update (GBPUSD)

How does that Karma work if a person is only being nice to people cos they believe that some hidden hand will notice their deeds and respond by doing them a good turn? Besides. It seems to me that the best traders aren't necessarily nice people. ...

Cable Update (GBPUSD)

Case in Point: image Trade idea was observing the n00b M break down, which once upon a time I would have traded short in earnest, but these days tend more to see where my SL once would have been, as a target. Anyhow...aiming for 2:1. Got 1.5, and ...

Cable Update (GBPUSD)

If you don't have the stomach for ritually aiming for the really big hitters and dealing with tons of frustration in between, in order for the big pay-offs.... .....Then stick with aiming for where the market needs to go (to punish all the TA 101A ...

Cable Update (GBPUSD)

And who the fk are you? I'll tell you who you are. A n00by prop firm hopeful who thinks that he is gonna get rich trading a prop firm account and doesn't want te hear more experienced, skilled, and knowledgeable traders take a dump on your starry ...

What is your weekly return?