Cable at significant area. Look at chart. An excellent shorting opportunity (broke above the trendline, then back down signifying a false break out. Is price now retesting the trendline before the fall?). But a break above would bring significant ...

Cable Update (GBPUSD)

Added long. This is the very same trade I posted yesterday, in terms of analysis. Price has just broken above A, the bearish channel upper trendline. But yesterday price went back into the channel but was stopped by B, the medium term lower ...

Cable Update (GBPUSD)

Added another long. Will post an article about pyramiding and averaging up. Pyramiding (adding to winners) is good, averaging up(adding to losers), not so much

Wall Street - Developing Professional Traders

My considered view is that money managemenent is the real difference between a professional and an amateur. I just read someones comment today that they trade without a SL. That they will wait indefinitely for price to come back to their entry. ...

Wall Street - Developing Professional Traders

I always love these your analysis man, even though I have no clue what you are trading? How does it work?

Cable Update (GBPUSD)

Interesting, ain't it? But I think we both see the same thing, just different analysis based on some prejudice. I can see everything you see but I have a bullish bias. Good trades though!. P.S: I usually find that a channel drawn in ...

Cable Update (GBPUSD)

Oh, the MACD, I use the zero line not direction of histogram. Good day for you m8

Cable Update (GBPUSD)

My last trade hit SL. Last point before I turn bearish here.

Cable Update (GBPUSD)

last trade hit SL. I could have exited earlier by about 10 pips but wasn't around the screen. The pair is at the last point before I turn bearish, a good set up

Wall Street - Developing Professional Traders

Long GBPUSD Because the trendline has held. Sl below trendline, as a move back into the channel would reinstate a bearish market.

Wall Street - Developing Professional Traders

I think the 2% rule is very crucial. I used to laugh at it but now I find it helps keep my emotions in check, one loss, or a string of them dont affect my trading judgement. Feel welcome to be active in the thread.

Wall Street - Developing Professional Traders

Just accumulated some substantial pounds, Point D looks imminent as A seems to be holding pretty well. I expect some buying at London open.

Cable Update (GBPUSD)

I think I'll retire for the day. Safe trading everyone

Cable Update (GBPUSD)

Not necessarily. A is a long term trendline, very strong. We've broken above it. We might be retesting it or it might be a false break out. Point D is quite significant in that it make 1.28 a medium term low. A break above D would nullify any short ...

Cable Update (GBPUSD)

The divergence is most tempting. But it could well be a "The Hound of Baskervilles" and propel price to a near vertical rise. Waiting for a clear signal. Thanks for your analysis m8

Cable Update (GBPUSD)

Your analysis has provoked my thought process. I agree with you. but I wont be too hasty to place a sell just yet. Here is my own analysis for notes comparison. Mine says we've broken a trendline and are now just re testing it as usual. I absolutely ...

Cable Update (GBPUSD)

I think we might be looking at different time frames. Im looking at the daily candle.

Cable Update (GBPUSD)

food for thought

Cable Update (GBPUSD)

SL? TP?

Cable Update (GBPUSD)

One trick I have learnt as a day trader is to look very keenly at a pairs average range, If i'm entering a trade, I like to keep my TP inside the range and stop loss outside it. This often tends to work out nicely. GBPUSD has been having a range ...

Wall Street - Developing Professional Traders