1.2490 is important reference but it has been taged , will be difficult for it to hold, next important point will be 1.2450

Cable Update (GBPUSD)

agree

Cable Update (GBPUSD)

i mean to say, if you are taking risk of 1$ your reward should be more than 1$. in day trading it is not possible to win all the trades. so in this case even if you lose 50% trades, still you will be in profit. eg. your risk reward ratio is 1$:2$, ...

What Would You Do Differently Today for Better Trading Results?

good GDP data may send it to 1.2727 resistance

Cable Update (GBPUSD)

it is a process of constant learning, learn from each trade whether you win or lose. develop your own strategy that suits your style of trading, always develop a system in which you have a better risk to reward ratio, kill the fear when you are ...

What Would You Do Differently Today for Better Trading Results?

there was a strong resistance in form of trend line at 2540-2550 area, once that broken there must have been some stop loss in place of those who were short and fresh buyers entry point so that is very logical move

Cable Update (GBPUSD)

right

Cable Update (GBPUSD)

even if cable wants to rally up, it has to go down 1.2220 area at least

Cable Update (GBPUSD)

i have sent you a pm

Cable Update (GBPUSD)

it may be 1st 4h candle closing below 1.2100

Cable Update (GBPUSD)

i am still learning, work on trend lines and sma's and facing problem of not holding my wining trades, once i learn that art then may be able to earn

Cable Update (GBPUSD)

it bounced from where it had already taken a bounce on start of this week , so a strong move up was always expected from there( 1.2569)

Cable Update (GBPUSD)

wel, thats always good to go with your plan, but my chart looks for a possible bounce from 2350 area if trend line holds, otherwise may drop much lower

Cable Update (GBPUSD)

have you closed your longs

Cable Update (GBPUSD)

dont trade if you havnt any idea of next possible move

What Would You Do Differently Today for Better Trading Results?

Mr. Carney coming soon, might add some more selling interest

Cable Update (GBPUSD)