In that move RSI didn't go back to >70. Now it is >70, that's why I think a move down is coming.

Cable Update (GBPUSD)

On a day like today actually yours is better I think, because I am at home at my computer. When it's working day for me I just Can't manage the trade so often. As I see it since the chance of a loss is bigger, I would risk less of my account. Maybe ...

Cable Update (GBPUSD)

Think it will come down first for the retrace? Anyway no entry signal = no trade This is exactly why I lower my risk above 61.8. Chances of a trend continuation are.....

Cable Update (GBPUSD)

Hey Don, Yes I was planning on it, if price hits the red I will aim for a smaller profit and adjust S/L quicker than usual. Thanks for the tip btw

Cable Update (GBPUSD)

Think its time to adjust my lines. RSI > 70. Resistance @ 78.6 H4 and EMA 55 Daily ? Maybe still an entry on that short trade.

Cable Update (GBPUSD)

Hi Tradeur, There are times I don't trade for days. I am trying to catch the big moves. For now I'm still testing this on GBP/USD, so I don't know if it would work for any other pairs.

Plan the Trade / Trade the plan

#12 Trade Setup Management 4 Price openend above 61.8 fib line. Lowered my risk to 1%. Sell stop @ 1.42470 S/L @ 1.43220 (-75PIPS) TP1 @ 1.40070 (+215PIPS) TP2 @ 1.38720 (+365PIPS) MAP @ 1.42270 (+20PIPS) if it hits 1.41520 (+95PIPS) Risk / Reward = ...

Plan the Trade / Trade the plan

If it breaks 1.4580 or if it makes a HL above 1.4322 I will change bias to long. Ofcourse no entry on my short trade (yet? ) EMA 5 crossed SMA 8 on the daily momentum D is UP Price broke EMA 21 and about to break EMA 55. Outlook GBP/USD | ...

Cable Update (GBPUSD)

#12 Trade Setup Management 3 EMA 5 crossed SMA 8 on the daily, momentum D is UP. Since I still have a sell stop @1.42178 I will adjust my S/L to breakeven as quickly as possible on the H4 if it hits. It could possibly just run higher, RSI isn't ...

Plan the Trade / Trade the plan

My S/L is around your TP If it hits ofcourse @ 1.4217

Cable Update (GBPUSD)

Don't think it will get much higher today. Short setup in place.

Cable Update (GBPUSD)

#12 Trade Setup Management 2 Moved my Sell Stop @ 1.41758 With an S/L @ 1.42558 (-80PIPS) TP1 @ 1.39758 (+200PIPS) TP2 @ 1.38508 (+325 PIPS) MAP @ 1.41558 (+20PIPS) when it hits 1.40758 (+100PIPS) This gives me a setup with a Risk / Reward of 1 / ...

Plan the Trade / Trade the plan

# 11 Trade Exit For trade #11 I got stopped out for lot 1 @ 1.4162 Closed in 79 PIPS. #11 Trade Setup http://www.forexfactory.com/showthre...36#post8852836 #11 Trade Entry http://www.forexfactory.com/showthre...41#post8853741 #11 Trade Management ...

Plan the Trade / Trade the plan

#12 Trade Setup Management 1 Price moved higher to the 50.0 fib line. If it opens above I will lower my risk to 1%. For now I have placed my sell stop @ 1.41498 S/L @ 1.42498 (-100PIPS) - adjusted my lotsize. TP1 @ 1.39698 (+180PIPS) TP2 @ 1.38498 ...

Plan the Trade / Trade the plan

Momentum D declining, crossover EMA 5 / SMA 8 = long For now still sell stop @ 1.41322

Cable Update (GBPUSD)

Nice bounce

Cable Update (GBPUSD)

nice momentum

Cable Update (GBPUSD)

#12 Trade Setup Hi everyone, Got myself a new setup for trade #12. Changed my trade plan a bit. I have been thinking about it all weekend. The risk management system I used on the last trade plan could possibly need some adjustments. I got a good ...

Plan the Trade / Trade the plan

EMA 5 crossed SMA 8 upward. Momentum H4 is UP Outlook update GBP/USD | 09/04/2016 Trend D (EMA 200) - DOWN Speed D (EMA 55 / EMA 21) - DOWN Momentum D (SMA 8/EMA 5) - DOWN Momentum H4 (SMA 8/EMA 5) - UP Bias D/H4 (EMA 55/21, High and Low) - SHORT ...

Plan the Trade / Trade the plan

Hi Don96, Thank you for your feedback. As for now I am still testing this strategy, I am only at trade 12. I'm reviewing every trade I make and still making adjustments when necessarry. I use fibonacci to predict the chance of a retracement or ...

Cable Update (GBPUSD)