If you start with $5000 in your account, and have sensible money management, and consistently doubled your account every year. You would take that $5000 to $1.28 million in 8 years. (if compounding profits, which I recommend you take out)... ...

Cable Update (GBPUSD)

I simply trade price action. What I used to do is open up the strategy tester in Meta Trader 4. I would open up a currency pair, and then select my time frame, either 4 hour, 1 day, or sometimes 1hour. I would start the chart going and then speed it ...

Cable Update (GBPUSD)

Sorry if it came across condescending, I didn't intend it to be aimed at any one person. It was meant as constructive advice, nothing more, nothing less. I hope you do really well in your trading, I do.

Cable Update (GBPUSD)

You're right, asking other people's opinions on here is what the site is for: to exchange knowledge. As iron sharpens iron, good traders can sharpen other traders. The principle was, I hope people aren't basing their trades on what a random person ...

Cable Update (GBPUSD)

I am also a man, from England. I hope you do well. I am going to say that if you can't do your own analysis to determine the direction of the trade etc, then you shouldn't be trading in a live account: I hope those who do need this advice trade in a ...

Cable Update (GBPUSD)

That there is a very important piece of information, which physically demonstrates the sentiment of the market. Bearish sentiment. In principle, if the price take 5 time periods to go up and just 1 to come down, there is a bearish sentiment towards ...

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Very interesting video, thanks for that Steelhead.

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you're hopping in a the worst times aren't you! It's important not to enter a short at the bottom and a long at the top I've had enough for one day: I have googley eyes. Laters lads.

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That is true, but for it to be valid, the price needs to go up.

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Head and shoulder pattern. — Head and shoulder pattern.

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Bearish sentiment in the price action. Even if it break back through 1.45, the bulls will start to run out of steam. There is too much pressure pushing down on them.

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Do I hear an amen to that!!!

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lol. If you were the King, then maybe....

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It is probably a self fulfilling prophecy. The more people who trade using the 62ema, the more buying and selling will be done according to that indicators rules.

Cable Update (GBPUSD)

It's wise to use a selection of different time frames. If you trade the daily candles, you can then move down to the 4 hour, then 1 hour, then 30m, then 15 min to establish a good entry point. If you trade 15 minute candles, you should look at the ...

Cable Update (GBPUSD)

Ha! That put a smile on my face. Here is the 1h you speak of. You know how it works. The less volatility there is, over an extended period of time, means a bigger and more ferocious breakout. People place limit orders on the other side of support ...

Cable Update (GBPUSD)

There isn't much to say about it at the moment to be honest. I think it will go down to test 1.45 again. When it bounced off 1.4503 just before, it was a hard bounce: there were a lot of buy limit orders being executed at that level. If it goes down ...

Cable Update (GBPUSD)

I feel a re-test coming on: at some point.

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Yeah, there was a hard bounce at 1.4503, so I went long. I will take profit based upon the price action as I believe it will come back down and test this again.

Cable Update (GBPUSD)