UJ going nuts and bullish, we'll be going down !!

Cable Update (GBPUSD)

Close enough to my target then failed and dumped nicely, the Sellers are in control people. Nav on your 15min chart ( TRUST ME ) plot 96sma ( 24hour ), 48sma ( 12hour ), it just reversed off the 24hour line which is a damn good sign and a strong S/R ...

Cable Update (GBPUSD)

Fairly sure Abu and most others that are profitable, generate there charts around there subconscious bias to fit with what they expect, after all many different ways to interpret the same chart its uncanny how they pick the right one. So there ...

Cable Update (GBPUSD)

Keep the success stories coming traderJR it builds confidence!!! Interesting mix so far, GU is bullish up trending off the 90min sma, and EU is bearish to flat really. Expect GU, 1.9990 will be tested shortly well over the night, expect it will fail ...

Cable Update (GBPUSD)

Okay the positive side here!!! If I stick to 1 mini lot per trade, I can get stopped out 51 times thats huge compared to normal, so relax chill out and get stopped 2% gone not a biggy get back in the game!! ( up from 5 trades so 10x's ) I can also ...

Cable Update (GBPUSD)

I agree totally on Nav, not getting himself into a potentially worse situation, preserving and minimizing his expenditure while learning is key here. And disagree totally, we've both got valid system, neither of us is going to understand the others, ...

Cable Update (GBPUSD)

Thats why I'm sticking to M1 and my own personal setups, it's like forecasting the weather the further out you try to forecast the more inaccurate it is. Forex to me is a day traders tool, if you want long term your better off with stocks, then you ...

Cable Update (GBPUSD)

Leave that trade open, if you can and make another trade when the time is right, my shorting 100pips higher up same stop suggestion, should work, ofcourse no guarantee, might get lucky, 55% chance you'll hit TP before SL at this point, i'd prefer to ...

Cable Update (GBPUSD)

Nav put in your title / signature your trade details pls cause my memory sucks. thanks.

Cable Update (GBPUSD)

Your entry wasn't stupid, it was a calculated risk ( okay a stupid based mainly around your addiction to trade after a bad week ). Worse case you lose £120, which is @4.3% of your account, which is a tad high but acceptable really. There is no ...

Cable Update (GBPUSD)

Sell off is likely a tad strong, pull back to 1.5650 area, enough to get Nav outta harms way if so.

Cable Update (GBPUSD)

Yep Euro is strong trading differently to GBP pretty much, BUT Euro's put in a nice top formation so likely due a sell off which should still drag the weaker GBP down for you.

Cable Update (GBPUSD)

Financially all going WRONG here, which does not make for a calm collective brain. 1st Credit Card cuts us off for no real reason, credit crunch argghh. 2nd Gas bill, somethings gone WRONG +£60 more per month arggghhhh. 3rd GF's going on holiday ...

Cable Update (GBPUSD)

Bones I agree, but we are going to get a move higher before it drops much lower, so Nav's set himself up for a few days of heart ache and holding a badly down positions, hence my look to bring your average up and double your position around what ...

Cable Update (GBPUSD)

Nav, think about your house like a trader, only buy when the prices start going up, don't try to catch a bottom, they've got a long way to fall. Renting is cheaper especially if you want a nice house just stick £200 in a savings account and its the ...

Cable Update (GBPUSD)

Nav's right sadly, the UK is in a real mess to, well it's population hugely excessive debt built on a house of cards, well the housing market which is about to tumble. Credit Card companys are using any excuse currently to reduce there risk and ...

Cable Update (GBPUSD)

Risk to reward is fine, if your really good at picking trades and win like 60%+ of the time ofcourse to make it worth while. 1% risk is nice, but real world anything upto 5% can and will do, ofcourse this hinges entirely on being able to pick ...

Cable Update (GBPUSD)

I disagree 100% for good reason on most of the above, SMA's work if used correctly, BB's work, Envelopes work, you CAN trade on M1 charts. USDGBP trades well with these M1 settions. 9EMA SMA 90 Envelope 90 Dev 0.24% Envelope 90 Dev 0.32% BB 90, 3 ...

I'm losing...insight requested....

I take it, he's trading with more than 10K and you should be using 0.1 maybe 0.2 lots if you had 10K.

Cable Update (GBPUSD)

Picture is worth a thousand words.

Cable Update (GBPUSD)