Thats what happens when your stop loss is too tight and you get a bad entry. They will take you out then it goes back in your direction. there should have been no longs till the support area at 1.4950 was tested. Any long 20-30 above that level was ...

Cable Update (GBPUSD)

I bet you pay attention too your macd's stoch's and ema's though right? Maybe they would have told you the same thing. Doubt it though

Cable Update (GBPUSD)

Micho's statement is a perfect example of why you should stay out of the forums while you are in a trade. " u guys scared me off" To many times you can have the right idea and be talked out of it by reading others thoughts. Go with your analysis and ...

Cable Update (GBPUSD)

I'm fine I think I know what im doing. Charts my friend charts. 1.4950 area resistance now becomes support look at your charts

Cable Update (GBPUSD)

Ill stick a small long on here at 1.4950 see if you can make it through this support area. Once a resistance area a few days ago

Cable Update (GBPUSD)

theres a credit crunch? Im taking 10k with me should last me for a week. Longs i think would be better back at 1.4950 or so

Cable Update (GBPUSD)

viva las vegas — Have fun this week guys Im headed to Vegas. Anyone else going to the trading show shot me an private message. Happy hunting for the pips. Time for no limit poker at the bellagio

Cable Update (GBPUSD)

oh — She is going to break up most likely this time after testing this area several times.

Cable Update (GBPUSD)

Navin one of these days my friend you will stop relying so heavily on those inicators, Free yourself man its a much better experience once you do.

Cable Update (GBPUSD)

You are doing really well my friend. Keep up the good work. Plenty more have you to learn young patawon. talk to you on Im next week. peace out

Cable Update (GBPUSD)

pipsnipers

Auslanco - GBP/JPY and GBP/USD (newstrade)

Week is over. That 160 down i was the other day has no been replaced by +700 for the week. Maybe next week we can start off the week calling me an idiot again just like this week. I enjoy being considered the village idiot makes me feel like my ...

Cable Update (GBPUSD)

she touched right of those areas drawn with the line. that tells me there are sellers coming into the market and that a setup is forming. I want to see that one hour test 4900 area or above with no wick that should be a good short possibility. It ...

Cable Update (GBPUSD)

No indicators on that screen all you need is your head and your charts. Wicks and tails are very powerful tools. Even if you know how to use indicators correctly they told to different stories this morning. Indicators told eohater to short at 1.4780 ...

Cable Update (GBPUSD)

She did test the first wick on the highside. Notice that she had respected that 80 area where eohater took his short several times. Eventually she is going to break the glass and go higher. People dont like it when i say it but you gotta get rid of ...

Cable Update (GBPUSD)

I wouldnt consider shorts till above those two white lines. She most likely will test lower one if not the higher as well. Long wicks usually get tested.

Cable Update (GBPUSD)

Eohater I think she is going to break out and go up be careful

Cable Update (GBPUSD)

[quote=Shilva;2350491] How can you read price action of a 5 minute. That seems like it would be tough. UP and down up and down. TO much noise i think on 5 minute to be able to see big picture.

Cable Update (GBPUSD)

[quote=Shilva;2350282]micho, my point is....if you make a good call at a level where price will bounce or break and continue then you can set your stop at BE quickly and not risk a loss. If price comes back and stops you out thats ok, you have not ...

Cable Update (GBPUSD)

Why? Because it took a 200 pip downmove for your indicators to finally say that it was a sell. If you would have just read the charts and price action you would have gotten in 200 pips higher on your short. your lagging indicators cost you pips. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)