You may get a small reprieve during the Asian Market in a few hours, but I don't see this stopping until Monday. Even then it may not stop much. It didn't this monday.

USD/JPY Discussion

The fix is simple. Reduce your lot size. You are over leveraged.

Cable Update (GBPUSD)

4hr seems to be calling for more upside. Watching 15m and 5m for prenews candles and will counter trade it. I think our next bearish day will be next Monday

Cable Update (GBPUSD)

Weekly S/R level. Now let's follow this and implement some trading rules.. S/r trades follow the BRT rule. Breakout, Retest, Trade. So if we just broke out that would signal a retest is in the works. Being on the weekly that retest may take up to 5 ...

Cable Update (GBPUSD)

DXY.... We have had a lot of movement in UJ, and even here in GU in the past couple of days. However looking at DXY one couldn't tell that. 104.9 is still out there on the Daily and 4hr charts. This coupled with the news we have coming in the next ...

Cable Update (GBPUSD)

Ranges are just smaller trends. 1m 5m charts can make you money in ranges. Anything higher than that, and by the time you confirm it is going up it will turn lol.

Cable Update (GBPUSD)

I believe you are looking for the Guru Forum. This is the mentor Forum. The difference? Gurus hold all the answers and keep you coming back. Mentors divulge all they know, so you can grow on your own.

Cable Update (GBPUSD)

Agreed. FOMC Minutes are out the 24th.. Statement shot it up. Minutes should do the same.

Cable Update (GBPUSD)

Wicks not included. I have seen wicks break these rules many a time and fool people into thinking thing the pattern was broken

Cable Update (GBPUSD)

The only thing that I see wrong here is that waves 2 and 4 are countertrend waves. Meaning they have to step OUTSIDE of the prevailing trend. I took the liberty of drawing a rudimental trendline to show you what I mean. Also wave B is often starts ...

Cable Update (GBPUSD)

Tate rules. If you feel like you don't want to do something that is the BEST time to do it.

Cable Update (GBPUSD)

Pain is a learning marker. For some the best.

Cable Update (GBPUSD)

How are you taking these trades? Are you entering market orders as it slides down?

Cable Update (GBPUSD)

There are valid arguments for both sides here. I too jumped right in, but wish I had demoed just a little more. I learn through pain, so losing money was painful. But I tell my kids that if they can turn 1000 into 100,000 in demo, only then are they ...

Cable Update (GBPUSD)

I started using limit orders. I find that when I look at my chart at the biginning of the trading day or week when things aren't moving that I see setups. I then place limit orders complete with SL as well an expiration date far into the future. I ...

Cable Update (GBPUSD)

Tasty Tuesday. The day that the instrument continues the move it did the previous week, and counters the move it did on Monday. Two of the easiest days to trade IMO. For the most part. Once in a while it surprises, but Elliot Wave theory usually ...

Cable Update (GBPUSD)

Dollar Mondays... Fade the previous week's move. We were up. So today the Dollar goes down... more up tomorrow. US30 at 6th day down. When down days are consecutive like that they often go for three weeks. So petentially we have another 14 days of ...

Cable Update (GBPUSD)

True, but I prefer to build than break.

Cable Update (GBPUSD)

DXY has hit the 50 day Moving average. I think that will do it for today. We may have a little more action, but pretty much done, going sideways, and continuing on Monday.

Cable Update (GBPUSD)

I actually trade the other way around lol. I look at the technicals and then look for incoming fundamental news to spur on my analysis. So I do my wave counts looking for waves 2 or 4, or an approaching one. Then look to the fundamentals and if I ...

Cable Update (GBPUSD)