I have flipped a coin..... .....and sold with target 1.9400. Done. I can go home now coz I have shorted a large pack of contracts.

Cable Update (GBPUSD)

or not

Cable Update (GBPUSD)

This trendline is old and terribly strong.... IMHO

Cable Update (GBPUSD)

No clue really. But until the stoch on the 1H doesnt show me some strength including closing price above support I dont do anything. I have closed my shorts too.

Cable Update (GBPUSD)

Yes that is what I am anticipating. But GU should show me some strength before I say BOTTOM. Until then I just say "I know where is the bottom of my wife".

Cable Update (GBPUSD)

Bonne chance, mon ami.

Cable Update (GBPUSD)

You should wait for confirmation of one of the following. It stays as support or becomes resistance. Then go short or long. But each one as she/he likes.

Cable Update (GBPUSD)

Whatever works for each trader. That is the main point. What I have described works for me and reflects my comfortzone....

Cable Update (GBPUSD)

I dont scalp for 200 pips. I have a hit rate of 80%-90% and shoot for 10 to 40 pips. So there is the risk. Called ratio. 1/3 or 1/2. And I adjust the position size as well.. based on probabilities and stop loss level. But is all mental as I do not ...

Cable Update (GBPUSD)

No kidding.

Cable Update (GBPUSD)

My SL when it comes to daytrading or so (2 days maybe) is 20 pips MAX. No matter what.... If hit hit so it did not work... But 80??? Yes on my long term trades never exceeds 40 to 60.... Cut it back my friend. Protect your capital.

Cable Update (GBPUSD)

Look at the 15 min chart and you will understand... The market was sliding for HOURS downwards just to erase that in 45 minutes. The whole of it.

Cable Update (GBPUSD)

I just said something....

Cable Update (GBPUSD)

Do you understand this? Sentiment BUY while price is sliding to south and I am also sitting in longs? Cable often does this: slowly but surely move into 1 direction for hours/days just to erase the whole of it in one single shot. Hope this will ...

Cable Update (GBPUSD)

Tricky tricky but constantly and surely slides to the south...

Cable Update (GBPUSD)

Basically it really doesnt matter that my SL gets executed 10 pips later beacuse of the fast market and slippage or I click the mouse faster,

Cable Update (GBPUSD)

click the mouse.

Cable Update (GBPUSD)

mentally the stops are there. 1. If I place stops that takes time. In a fast moving market I do not have time I can looses precious pips. 2. That is not the brokers business where my stops are. I get out anyway when I think so. This needs terrible ...

Cable Update (GBPUSD)

Thats very heavy risk lol. 10-30% of my day trading equity... LOL but I have a 80%+ hit rate. I scalp. Basically if in profit i see if there is more room or not and get out.

Cable Update (GBPUSD)