Absolutley - I never understand why folks feel the need to compete with the 'who is right, who is wrong' there's enough room (and profit) for all, and certainly enough ways to see it for all of us to elarn something new.

Cable Update (GBPUSD)

Thanks RTM

Cable Update (GBPUSD)

Oh don't get me wrong I'm not expert (or guru ), I'm still learning (and frequently failing) - it is a daily battle of recognising and then facing fear and greed. I had to reach rock bottom to finally realise the way I was doing it was not working ...

Cable Update (GBPUSD)

It's funny - I've tried all sorts of time frames - but for me nothing beats the satisfaction of building positions and holding them. I try and enter like an intraday trader get it to break in, forget about it and look for the next one. Eventually ...

Cable Update (GBPUSD)

Hiya IveGotQuads, sorry I missed this earlier. I enter where I see momentum on the 1h or 4h TF (engulfing, outside bar, pin bar, ADX cross, BRN break/bounce, S/R break/retest etc). I size my trades according to how strong the signal looks to me and ...

Cable Update (GBPUSD)

Thank you - your congrats mean alot (although it's nothing until the trades are closed eh!). Have added one more this morning and will be looking for the exit sub 800. Have a green week all

Cable Update (GBPUSD)

Added one more short - I think that may be it, unless I see something really obvious. (Charts for the two accounts for those who insist messaging for proof) Good trading all. image image

Cable Update (GBPUSD)

Thanks Elbert. All trades now at BE. I expect some to get kicked out at BE on retraces (not so far on this move, but I'm sure it will come). I'll renter on the pullbacks until it's time to close. Get in. Get to BE. Wait. Rinse. Repeat.

Cable Update (GBPUSD)

Why does a position trader have to risk 200 pips? Isn't the defining element of a position trader when (or if) they close the trade - not when and how they entered. HDA's position may have had drawdown, but that doesn't mean all his positions start ...

Cable Update (GBPUSD)

I've closed out all my EU trades on one account (this is a demo I am using for the Demolympics competition - the TE is in my profile if your interested). Basically taking every trade I get around to spotting. image

Are support and resistance levels predetermined?

So here is some analysis of how I see things at the moment - I am sure I will have missed things, it's been a while since I went through all the templates. image image

Are support and resistance levels predetermined?

- it took me a while to work it out - and in case your wondering, I didn't trade all those signals - I had my head so stuck in the short signals that hadn't played out that I completely missed them!! Just goes to show how dangerous (or ...

Are support and resistance levels predetermined?

Hi Tom - my understanding of T4Y_1130 is as follows. There are three potential trades. Long (reverse all for short) We enter when price comes from 76.4% into phase above and breaks 23.6% by 42 pips - TP = 300 pips (50% level). If price continues ...

Are support and resistance levels predetermined?

Hey Tom One of the problems is we only have a few of bobi's templates, so there could be big gaps in our analysis (as I think I have demonstrated several times!! ) I'll try and do an analysis of the pairs over the weekend. But, the way I see ...

Are support and resistance levels predetermined?

We're getting to interesting territory on EU. I entered two short on the in late Jan early Feb here (can't remember the exact signal - a 680 and 103 I think. I have hedged them up to the top of the hill closed out, and have traded them back down ...

Are support and resistance levels predetermined?

Hi Jay - doing well thanks - the day job is getting in the way, but needs must and all that. I should have been more clear - my entry will have a tight stop. You're are absolutley right, if it goes much below 1.3398 I can see it continuing for a ...

Are support and resistance levels predetermined?

Hey Jay - how's it going? I should have been more clear. I will have a fairly tight stop there. To me it is a major level if it goes much further (60 pips) than that then I think you're right, it could well go much further down. I can't see it going ...

Are support and resistance levels predetermined?

I can't see my charts today - but I know with GU I am short biased to at least 1.69 (no real abonacci rationale). With EU, I am short to 1.3398. I am planning to trade the bull trend resuming about that area...

Are support and resistance levels predetermined?

My first thought regarding GU is "*$&%^@". My second thought is I am biased bullish long term to at least 1.749. Short term, I think it could pullback to 1.69. But this pair isn't playing by the rules. There are many unfulfilled abonacci bear ...

Are support and resistance levels predetermined?

It's still in play (and beyond) I'm long term bullish, but short/medium bearish.

Are support and resistance levels predetermined?