My bullish setup at 2.0489 (above 2.0485) picked. still risky and I will put a tight stoploss and a close eye, this is same trade like Friday playing out here

Trading the Edge of Chaos -GBP/USD

Stop loss triggered 64pips gain, looking for clearance to go bullish or still target edge of chaos. Lots of fears among traders and hence inconsistencies.

Trading the Edge of Chaos -GBP/USD

Stop loss moved to 2.0480 and trailing stop tightened Initial conditions = changed to bearish. meaning that the entire day might be bearish beyond the current lower edge of chaos but will maintain bullish outlook at the edge of chaos until it proved ...

Trading the Edge of Chaos -GBP/USD

Stop loss moved to 2.0490 for 52pips consolidation

Trading the Edge of Chaos -GBP/USD

None of the above plan was good before I woke up my stop losses were too close. suffered -20pips and 0pips. ------------------------------ Today's Chaos = Bullish in general see graph 1. Waiting for initial conditions 2. Current trade = bearish ...

Trading the Edge of Chaos -GBP/USD

Update of last chaos commentary from the above thread is presented in the graph below 1. From London session I took a bearish stand from entry 1 and exit 1, 2. From entry 2 to exit 2 3. Market failed to get down to Lower Edge of Chaos, and I step ...

Trading the Edge of Chaos -GBP/USD

I think they are back-test traders, if they cannot determine what the trend will be in the next 1 min, 1hr, 24hrs and the greater future. if they say they know what it will be in the next 1 min, then they are trading the future.

"Trend" , how do you actually trace the current trend ?

Agreed!. Small traders and active day traders following trends without knowing how to trade support and resistance are asking for disaster and ruins by themselves. Nevertheless S/R trading strategy has been largely ignored in preference for lagging ...

"Trend" , how do you actually trace the current trend ?

I Congratulate your guts but marvel at your doubt of not able to repeat the same every week. It is simple to do. 1. Take out 1k out of the 126k, and use that to trade the following week. 2. Each week you make a profit of 125k. You don't need to have ...

How I Turned 1k To 100k In A Wk!!!

I have enter sell again -------------------------- I hope you all made some pips both ways today. Market behaviour changes and knowing where it will change and consolidating positions are very important. Bad news came from US data but at the same ...

Chaos

I am still bearish outlook due to initial condition. if numbers are bad and bad for US economy, then I will not trade again today. Otherwise I will be waiting to see what happened at 2.0476

Chaos

I have closed out 70pips to consolidate 100 pips for the day I will consider selling again after there is a clearance above 2.0374. If you on trading and aiming at lower edge, your stoploss should be above 2.0387. I will be selling from there ...

Chaos

Stoploss triggered at 37pips looking to enter sell again at clearance or close to 2.0480

Chaos

there is currently bearish bar developing on 15mins after that a Bill Williams fractal will developed Placed stoploss behind it. This should consolidate about 50pips for the rest of the day if it passed below 2.0404

Chaos

15mins

Chaos

on hourly 2.0408 is strong obstacle but similar fractal caved in at 15min - so hopefully hourly should caved in. this is the concept of fractal self-similarity. If this happened stop loss behind 2.0408 and go fishing My current stop loss is at ...

Chaos

I have not attempted to sell anything directly. Show me where I said come and buy from me. We are all selling one thing or the other. Why should I be afraid to sell what I work for if some asked me to give more than what I consider free. What is ...

Chaos

1. Your first turbulence seems to be edge of your chaos. You should not confuse turbulence to mean bad thing if you are in the right direction 2. It is not right to infer that yesterday trend will continue today unless you are absolutely sure of it. ...

Chaos

I think we are going over this issue again and again. Before I started posting I have been following your thread url for almost a year. In fact it was because of that I signed up for this forum. Since Dec 2006 I read most threads and I found out ...

Chaos