I like moty's new approach but consolidation will be over soon. We hit the 200 ema on 4 hour basis from below so GBP/USD can drop again now. From higher time frame that was a huge correction upwards but still downtrend. It can be soon an uptrend but ...

Cable Update (GBPUSD)

I short anyway. Looks quite good currently, at least for opening the position. ADR is quite low. So i'm careful. Could go to 1.2350 or sth. image

Cable Update (GBPUSD)

Also don't understand that. Weird.

Cable Update (GBPUSD)

I would say it in an other way: I always knew there is a way to earn money with forex and yes, there is a way /are ways. When I made 60% in 10 Months first time I was a bit shocked, checked if it was Luck. and in a way I was lucky but it wasn't luck ...

Forex - A negative sum game for losers

Please move USDCHF up.

I Will Move the Market For You

Moty: hold my

Cable Update (GBPUSD)

Problem was that USD gut hit all over the board, so even if AUD still was quite weak, the flush of USD was too big after news. The first swing up after NFP news I was counter-trend trading (GBP/USD I used), zig zag afterwards also, good profits. ...

New Cable Thread & Other Pairs

If you want to know it, you have to stay with it. Else you mess up. Bad cycle to do so. Btw: GBPCHF is one of the worst pairs to trade of all curencies if you speculate on fast wins or bigger reactions. Good for trend trader, really bad for swing ...

I Will Move the Market For You

None of them. Because when you trade 1:5 your expectation for winning is also dropping. It is a hoax to think if I use a big R:R ratio my outcome will be better. I found no stats which provs that - except for normal deviation. Most people have to ...

Cable Update (GBPUSD)

Will be interesting now... Problem is BOJ has to keep USD down. They stopped to intervene at 149 on USD/JPY before news. Wise decision but what now? Do they let Dollar soar again up? Really interesting if EUR/USD really will plunge more down, ...

The Swamp

No long for me now. Volume thin on downside, easy to push it down now. Be careful with longs.

Cable Update (GBPUSD)

LOL

Cable Update (GBPUSD)

Be cautious now, if a new drop comes to 1.2108 than it will happen now. Shorties covered. Now it will show what's going on. I think it is too late already for a V-Formation so upward side is limited now. Bias on short now.

Cable Update (GBPUSD)

Yes, true, saw that, too. I don't like that, it is too open in both directions. No real bias possible. I few cases you even get a V-Shape Formation so also short here is dangerous. No-Mans Land. You trade it already with a breakout strategy but it ...

Cable Update (GBPUSD)

BOJ was the reason why I was long before the news. But they did not touch the button. I think they were to cautiuos because of other market participants so they let USD/JPY run over 149 to avoid to suck all peaces up on a huge drop. Wise decision. ...

Cable Update (GBPUSD)

I was long before news with 1/10 of my normal position. I hoped for a drop on the news ,- if it would go up I would win anyway. The drop was so hard that I could trade myself out of that former 1/10 position buying 9/10 almost perfectly. ...

Cable Update (GBPUSD)

I have to trade, sorry, I cannot write. Later the story.

Cable Update (GBPUSD)

oh dear, lots of weakness now on short side, even USD/JPY did not plunge more. No trade for me now. Ok, they (shorties) attack again now, let's see how much steam they have.

Cable Update (GBPUSD)

First defense line for shorties today now 1.2136 area (Fib retrace), let's see how market reacts now, if they let it go till there (1.2136) or if they try to push it down now one more time.

Cable Update (GBPUSD)

Chinese bank holiday today. Does they already have such a high impact on Volume, also only 177 traders online here, most times >250 at that time. The reason why GBP/USD did not break the 1.2108 is because of BOJ, believe me. I wonder if they try it ...

Cable Update (GBPUSD)