I know that is why the thread is enjoyable we have sellers and buyers, and some of us that seat on the edge and watch who will lose eventually and we join the winners

Cable Update (GBPUSD)

It will go down perhaps around 2.0730/2.0700/ or from here but it is too early to enter sell.

Cable Update (GBPUSD)

Today's Chaos — Previous day pips = 80pips Today's chaos is shown below General out look is bearish pending London opening. Current critical level = 2.0655 I will not take any action until after London opened. I will be targeting to bank +50 ...

Trading the Edge of Chaos -GBP/USD

Did you look at daily chart? if you do you will see that the market is in a range, neither in bearish or bullish trend. The bulls are trying to push it up from 2.0364 and the bears are trying to push it down from 2.1166. As a retail trader you must ...

Cable Update (GBPUSD)

It will be interesting to know how much of that was cash payments and how much they put on their credit cards.

Cable Update (GBPUSD)

To round up what I started from here url Market did not go bullish after all as it first made us believed But because we knew the initial conditions we were able to predict exactly where the market will get to in the next moment it opened! Market ...

Trading the Edge of Chaos -GBP/USD

How does this work? My trade size was 5k that is one trade when I clicked ordered. but that contain 5 standard lots but it is ONE trade I made 70pips does that mean that I have made 350pips? No!!!!!!!!!!!!!! However, monetary return was $3500 ...

Cable Update (GBPUSD)

Great!

Cable Update (GBPUSD)

How? Cable has only given at most 240pips

Cable Update (GBPUSD)

Thks for your insight. You know it takes money and experience to be a position trader and to do that for many currencies is admirable. What is important from your result on GBP/USD is that you cannot trade more than what the market has to give out ...

Cable Update (GBPUSD)

you would have made a net profit of 491 Great! but if you have traded daily and take your profit of 50pips daily you would have made about 700 pips for those making 100pips daily, that would have been about 1400pips?

Cable Update (GBPUSD)

Have consolidated another quick 10pips sell 2.0604 now represent new upper edge. and looking down to 2.0505 above 2.0615 is buy, but I doubt this since today is Friday and no more data coming in. Below 2.0604, I will keep sell for small pips.

Trading the Edge of Chaos -GBP/USD

I should have said I will buy from since I did not place order yet. sorry about that if you are following this commentary. I do not want to mislead anyone.

Trading the Edge of Chaos -GBP/USD

Data fall below expectation in favour of sell. But I not so much interested in selling at the moment Placed a pending order to buy 2.0615 stop loss below 2.0604.

Trading the Edge of Chaos -GBP/USD

adjusted stop loss triggered = 10pips 65+10 =75 pips banked I will watch news carefully to renter market. I will still maintain bullish outlook from here

Trading the Edge of Chaos -GBP/USD

I close sell for 65 pips buy from edge of chaos started +20pips stop loss 2.0617 = +2pips assuming news is bad for Uk economy

Trading the Edge of Chaos -GBP/USD

up date — So far market move as predicted. Next is upcoming GDP q/q (r) and I expect price to reach the edge of chaos before then at 2.0615. If data positive and above 0.8, there should be a bounce off at this level for bullish chaos. If it is ...

Trading the Edge of Chaos -GBP/USD

Today's chaos — General outlook today is bullish see graph below for extent of chaos. direction will depend on initial conditions. There is ECB president speaking at 9:30 GMT and another news at 10:GMT beware.

Trading the Edge of Chaos -GBP/USD

Closed out sell position for 20pips

Trading the Edge of Chaos -GBP/USD

Back on sell hoping it will clear downward below 2.0610. Market is so weak today.

Trading the Edge of Chaos -GBP/USD