Technically, if we are trend trading it, it would have been a good idea to enter it, but looking at the way price dropped yesterday, its hard to ascertain if they will be able to retrace back upwards. The RSI (not that i swear by it but just one of ...

Cable Update (GBPUSD)

yeah made two rounds of 10 pips scalps should i go for a third, will it be a third time lucky or not everyday is a sunday?

Cable Update (GBPUSD)

Yes and so far the best system that i found that does this is trendlines. regards jest

Revolutionary ideas regarding the market and system optimization

"Meeting participants agreed that, while recent economic data had been mixed, the economy was likely to expand at a moderate pace in coming quarter," the minutes showed. How likely is an economy to grow with such heightened inflation worry? Further ...

Cable Update (GBPUSD)

hahaha, cesarnc... I believe you are spot on with the analysis...when price breaks the support points there have to be a reason for it, a correction at this level is pretty much e case but to have it as a a reversal will require a strong fundamental ...

Daily GBP/JPY analysis

well not too bad for me. i entered during the asian open, still think the entry was a bit lagged coz i woke up late, (living in singapore). I was analysing the bull run last night and could not gauge where the market was going today, so i did some ...

Daily GBP/JPY analysis

Hi Girlflyer, just curious, what is ur signal going short? All the more since ur not sure why it moved up so much without any news. regards jest

Cable Update (GBPUSD)

Just simply trade...defining things will always have rebuttals. Believe in your concepts, do not sway, trade your signals, backtest. The more you analyse the harder it gets (imho). The chart is not a crystal ball, they gave u knowledge of what had ...

My "Holy S**t Moment"

Hi, I will usually try to keep it simple with the entries...if price is wild, i dont usually enter i'll wait for a little retracement to a short term MA usually the 9 or 21 SMA before i take the trade, on slower times i'll take a trade when price ...

Follow the trend!

cesarnc...you are truly the caesar. Seldom you see a techie who is pretty sound with fundamentals too. My uncle used to tell me.."Being a good techie, you can be a good trader, couple it with fundamentals, you'll be a RAIDER, u still have a long way ...

Cable Update (GBPUSD)

Hi, This is my method with the TLs.

Follow the trend!

True. At the end of the day even if im wrong on moving my stops...price usually retraces to some impt points and reentries are always possible. I'd rather play defensive trading than harness a truckload but risking a heavy leverage. Thats just me, ...

Cable Update (GBPUSD)

Rule no. 1 : Never let a winning trade become a losing trade...esp when u are +30 up... Rule no. 2 : When you are not managing your trade, make sure you put some profit protection measure...Why din you tp some and move ur stop to -15 or proly break ...

Cable Update (GBPUSD)

from your data above...i see a lower amt of liquidity once price reached the 240s area...so the longs are also getting smaller the vol of the shorts are still begger tho...correct me if im wrong...

Daily GBP/JPY analysis

Well...it took me two busted accounts to figure that out. Anyway when we talk trend, its a superficial matter because it also boils down to the timeframe each trader is scrutinizing. I also believe there are plenty of reversal traders out there ...

Daily GBP/JPY analysis

yeap. tighten Stops. My guess is, we'd still probably have a bullish day after all, since the Yen has not fulfilled its daily range. They will try to push the price for Yen as high as possible before the interest rates speculation begins tomorrow, ...

Daily GBP/JPY analysis

Hi, you cant critise, others trade like that...each of them proly have their own system and they act on it. Sure ur system does not have any trade calls but you cant blame others for taking their trade. Its theirs to take and its up to them on how ...

Daily GBP/JPY analysis

Its always advisable not to take TL or SR breakouts on a whim...patience is e key, usually the strategising begins after the breakout happens.

Daily GBP/JPY analysis

Hi Forexnovice, That was a good analysis but maybe my chart below could probably help you pin point better entry points... You might say it is risque but i call it getting bargain value. In trading usually these 3 things will happen whe u trade ...

Daily GBP/JPY analysis

price is consolidation...small breakouts can consider scalping...

Daily GBP/JPY analysis