- Search Metals Mine
- JRoyal replied Mar 12, 2010
Yeah I did. I went to answer the questions and it turned into a mini forex course. I wrote it 2 days ago and I reposted it yesterday. I've attached it to this message for you to download it if you like.
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
did something happen to Magix? Just wandering because his disappeared from my voucher list.
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
I agree it's going to down first but I don't know about it making a new low first. Of course it may but the 78% fib survived when the low was test earlier this week and now we've got a second higher swing low on the daily. I believe price could ...
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
I think we are possibly going to see a very strong rally in this pair over the next several days to maybe a week or two. However if you holding longs right now I don't know if those are the ones to hold long term. There are a bunch of sellers ...
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
Profit taking and what the insiders call "dumb money". Most large traders actually don't counter trend trade. Amateurs which is us and some hedge funds, and large spec traders but banks and conservative funds are notorious trend traders so the moves ...
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
A few pages back I posted a mini forex course that I wrote yesterday. I had some questions that were asked by fellow posters and when I went to answer them it turned into a 6 page mini course. It details the foundation of my strategy. I attached the ...
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
This is where trading in zones becomes important. When we reach a sell zone and I see weakness I enter based on my own set of rules but I try not to wait for a ton of confirmation because you end up late to the party. Not that I don't wait for any ...
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
I'm already in so we'll see but money management is key so if I lose I lose but if it works out I'm looking at a target that gives me about 3:1 win/lose ratio so I'll just wait and see how the market reacts.
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
I'm making a few. Never know when big money gonna come get you and then take it down so time will tell how it works out.
Cable Update (GBPUSD)
- JRoyal replied Mar 11, 2010
Sorry for the repost but a lot of the ones looking for the answers to some of the questions that were posed to me about my trading style were't online when I posted it yesterday so here it is again. Again, my apologies for reposting this on the main ...
Cable Update (GBPUSD)
- JRoyal replied Mar 10, 2010
Thank you sir, the kind words are much appreciated. I feel the same way, it's been a pleasure.
Cable Update (GBPUSD)
- JRoyal replied Mar 10, 2010
Magix — By the way, there is a point in my mini forex book that I did today where I give you a little shout out. Don't know if you read it or not but I definitely didn't leave my ego at the door on this one.

Cable Update (GBPUSD)
- JRoyal replied Mar 10, 2010
For whatever reason the buying and selling are muted. Being that I place importance on trend lines and the sideways action that we saw earlier this week and late last week I came over to the Bear side. This price action I've seen today if it ...
Cable Update (GBPUSD)
- JRoyal replied Mar 10, 2010
I received several private messages and a few public request to elaborate on my trading style. I started typing and what started as a post turned into a mini forex course. I know some of you have different views and don't find my view relevant or ...
Cable Update (GBPUSD)
- JRoyal replied Mar 10, 2010
This is the basic foundation but there are plenty of little details added to it to make it a good day trading system. As far as pips for yesterday I made only 45 but my stop was only 21 pips so that over a 2:1 ratio which makes it a okay trade day. ...
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
I'm going to explain this in great detail later today or early tomorrow. I'm beat right now and late Asian/early London is right around the corner. Need to get some sleep but I will give you a set up that has about a 85% success rate if traded ...
Cable Update (GBPUSD)
- JRoyal replied Mar 9, 2010
To share my view on a fractal. I consider price action between trendline breaks to be fractals. I trade the current "fractal" I'm in so I don't confuse myself. I tried to put together a chart showing how I trade. I show each individual what I call ...
Cable Update (GBPUSD)