There is something funny about Trailing Stops(TS). On cable I use a 60 pip TS and I put it on when im something like 75 pips to the good. I do this because I like to buy /sell at support and resistance levels. So if I sell at a resistance, I dont ...

Cable Update (GBPUSD)

thanks m8.

Cable Update (GBPUSD)

I just want 100 pips, nothing more but seriously, I think the daily candle will have a smaller shadow so I'm going for it, plus I expect a move to 1.13 soon. You will forgive me but as ...

Cable Update (GBPUSD)

I thought they could be exploited to make trading decisions. But after serious study, i am sorry to say I found no edge in using them.

Cable Update (GBPUSD)

There are times when there is nothing one can do. Asking a broker if they have guaranteed stops could help, I think

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just got in for a taste.

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I hope you are not implying that trading against the trend is a sound strategy

Cable Update (GBPUSD)

any strategy. One that respects the trend. We are a strong bear market. A good strategy would be to short. look at the statistics, the shorts have been making money all along. But most retail traders for one reason or another just couldn't believe ...

Cable Update (GBPUSD)

risk management is useless without a strategy, and any good strategy will tell you to respect the trend

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yes, 10 pips on the cable is too tight, I prefer 50 and above

Cable Update (GBPUSD)

I am not very surprised the market went this low, maybe I didnt expect it to do it in a minutes candle but it was on the cards. The market, post brexit, traded in a narrow range for over 70 days, when the break out happened, I expected a sharp move, ...

Cable Update (GBPUSD)

woke up to a nice surprise

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you will lose loads of money anticipating retracements. Let the retracement start, then lets lets ride the hell out of it. just dont anticipate it or hope to start it your signature is all a great trader needs

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congrats on your trade

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There is absolutely no reason to buy this market, unless of course you love losing money. A rally is due, maybe to 2875, but dont count on it. Just look to sell any rallies, we are in a bearket on the cable. I hear the dot com rally early in the ...

Cable Update (GBPUSD)

make sure your TL encompasses all trading activity

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Thanks you. Seems like today's trade panned out okay

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Look at the weekly chart, this market has been bearish since July 2014 (+2 years), anything was possible. Being a technical analyst, I believe the price discounts everything,

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Its the daily pivot indicator

Cable Update (GBPUSD)