I agree with Forexcube since I've failed the few times I've tried this type of mindset/trading buuut At least it's not a lot of starting capital so nothing's wasted. Good luck! Don't let the pressure of profits and increasing capital run ...

+10% Profit per day

193 and 191.6 will be key. Both are okay long signals I won't be taking but if we get a strong reaction price could break 197.5. If not, and price breaks the Daily trendline that's when the short at 194.4 will be valid.

Dragon Riders GBP/JPY

url url With the break of the Weekly TL my view for a possible trip to Monthly TL (extended target with first target at ~0.84 before correction happens) remains the same, but after 25 days of failure to break up there's a chance of printing a ...

AUD/USD

Hedged my short for 13 pips on the reverse h&s on 5min. Could have taken more but got out at 5706. Personally I'm still not comfortable with hedge trades but having larger SL gaps and hedging with a tight stop on 5/15M signals is definitely worth it ...

Cable Update (GBPUSD)

No, that's not what you should be doing. No strategy is meant to predict the market. Every strategy is meant to give you information on where the market is going and you're supposed to follow the rules of that strategy in order to follow the market. ...

Forex Dream Chasers - The 90% rule of randomness

so simply put.

Forex Dream Chasers - The 90% rule of randomness

This is all Forex is about really. If you fail to wait for the time when price moves and choose to decide where price will go before it starts going anywhere, without basing your decisions on any small- to large-scale KEY past events (whether news ...

Forex Dream Chasers - The 90% rule of randomness

Still acting on this scenario

Cable Update (GBPUSD)

I've got no trade I will trade gj again if I see some concrete movement. There are a lot of better opportunities on all other pairs and it's better to just observe as both long and short scenarios are valid at this point in the pair's movement, ...

Dragon Riders GBP/JPY

That's only 4 years. It's nothing in the grand scheme of things as you can see in the 22-year history above

Dragon Riders GBP/JPY

If the new 4H engulfs the previous 4H candle - yes If not we're done correcting

Cable Update (GBPUSD)

GBP pump across the board prior to London open... Bait and switch?

Cable Update (GBPUSD)

How long term? We have recently entered the most major flip zone for this pair established over the last 22 years. This is the sort of decision point (miss you and your DPs Ray ) that decides the next half a decade. A break up here would mean at ...

Dragon Riders GBP/JPY

Speaking purely long-term as it's not worth it trading this pair in it's current state: I'm looking to start building a long-term short here. The RR to the top of the Monthly supply zone (197.4) is good compared to the possible downside. 159-165 is ...

Dragon Riders GBP/JPY

Always nice to see someone with nearly the same expectations/targets as yourself

Cable Update (GBPUSD)

Attached is everything you need

My Position Trade Journal

Grabbed a short from 1H 20 EMA upward cross/15m h&s yesterday I'm revising my statement from yesterday. Even if it breaks below 1.568 it will most likely be a bear trap as price will drop into the Daily demand at 1.565/4 Price has overcome the ...

Cable Update (GBPUSD)

Hey Talzus, cheers. I took the template from another trader since it's a pretty cool template. Can share if you want Reason is that if it had broken below the trendline (especially below 189) we would have had a great short signal. Such strong ...

My Position Trade Journal

You're buying really high though... well, good luck to you too

Cable Update (GBPUSD)