MPP, in a healthy trending market (as per my system) I rise the red flag when the pullback slaps the 100 SMA or the 30 SMA crosses the 50 SMA.

Cable Update (GBPUSD)

My opinion on those two points: 1) Who is to determine whether a market is overbought or oversold? certainly not me, and certainly not an stochastic indicator. I dont buy the whole overbought/oversold concept to be honest. Have a look at carry ...

Cable Update (GBPUSD)

I just wonder... how many stoplosses in a row ought to be hit before trend-faders realize that it's just easier (and more profitable) to do it the other way around? Perhaps we could make a poll on this question?

Cable Update (GBPUSD)

I just CANNOT believe that after last week's discussion and after having seen many shorters being stopped out OVER AND OVER again, some folks are still trying to short this market. I SERIOUSLY cannot believe it. Please have a look at the chart below ...

Cable Update (GBPUSD)

In my opinion, if a particular trade takes too long to kick off then I miss-timed my entry. In those cases, I'd rather exit, re-asses the situation and wait for price to breakout once again. Why would I be positioned in a stagnant market? just ...

How soon after you put on a trade do you expect to be "in the money"?

Very quickly. Either price shows momentum in my direction or I exit ASAP.

How soon after you put on a trade do you expect to be "in the money"?

HAHA!

Cable Update (GBPUSD)

Attacks happened over the weekend. If there was to be any panic and massive sell-off due to those attacks, we would have seen a huge drop down upon sunday evening markets opening. But we havent, and in fact, cable has made new highs today. So it ...

Cable Update (GBPUSD)

So you're saying that ODL Securities Limited (UK) branch is not bound to those legal requirements as far as US clients go?

Managing Accounts, but how to get started?

Hello The_Wizard, So, if I understand your post right, you are basically trading to caress your own ego, at least at a subconscious levels. Becareful there mate: Western-world culture usually promotes individuals with roaring ego, ...

Why I can't win

Careful Cesar, we're banging onto the high for the year right now. You might want to hold your long orders until that level gives way...

Cable Update (GBPUSD)

Half lot size out at previous resistance in the daily chart (the high for the year) for +280 pips. Second half of my lot size still open long. Ahhh... the joy of swimming in the direction of the trend...

Cable Update (GBPUSD)

That spike down had me shat on my pants. I was positioned short in my live account on EURCAD at that precise time when I saw price dive for 70 pips, hitting my price target (+61 pips on that trade) and bouncing 50 pips back IMMEDIATELY after. All ...

EURCAD

I so agree.

forex fundamentals are way too vast

While I dont agree with Cesar and Bravado nonsense-spree, posting silly pictures left and right without adding anything substantial to the thread, I do agree with Cesar here in that there is NO point at all to post something like "short cable ...

Cable Update (GBPUSD)

I apologize if I personally sounded like an ass on my previous comment on pino2's post. I didnt mean it so sorry about that mate. HOWEVER, you guys must understand that while it's good to be honest and post your losses and stuff, it achieves NOTHING ...

Cable Update (GBPUSD)

Green 30 SMA, Red 50 SMA, Blue 100 SMA. I use them in any time frame. I know why you're asking about the 30 SMA, and please don't make the mistake to believe that is works as support/resistance by itself. I plot them for other reasons.

USD/JPY Discussion

It was an advice to be frank. I even uploaded a chart so you can have an external graphic idea of what I was talking about. You might take it and benefit from it, or you might continue trying to fade strong trends. It's up to you. EDIT: you blamed ...

Cable Update (GBPUSD)

Errrr I responded how to draw fib retraces in the post above mate. I even uploaded a picture with the points remarked on it. Let me quote myself: It's got nothing to do with the amount of bars but rather with measuring the whole price swing.

applying fibonacci

HAHA! this is too good. You're shorting this market (see picture below) but you blame your stoploss placement... I wonder when the F will people learn that swimming against the flow takes twice as much effort and it's half as rewarding that going ...

Cable Update (GBPUSD)