when you enter the trade you should try to stick with your initial point of view on where the trade may go. I dont trade like this anymore but when i did i would generally leave the screen for a few minutes when i was becoming 'stressed', my usual ...

EURUSD

you need to pay attention to this advice

EURUSD

25.3% of your account? Thats both great and crazy. Well done i suppose but er.....be careful

EURUSD

Nothing going on right now i think people are reading too much into some of the patterns. Market waiting for tomorrows news before making a move.

Cable Update (GBPUSD)

anyone trading that kind of percentage will blow their accounts every time. 10% monthly is enough for me

EURUSD

True for me also, i have just less than 100k in my acc, My Uncle trades several Million but in seperate accounts. All spread betting though.

Do you trade more than 1 million dollars in forex?

agreed, same as last week all over again but from a slightly lower start position. Hope you are well Fontu,

Cable Update (GBPUSD)

Great quality post, very much appreciated

Cable Update (GBPUSD)

I actually chose that name as a reminder to myself that successful trading is something that can not be rushed. I chose my strategy based on my ability level and i play to my strengths. Most poeple fail as they are under funded and try to make too ...

Cable Update (GBPUSD)

Nothing negative taken my friend. Im actually sidelined right now, i rode the bear down from 1.625 to 1.54, went long in the 1.51s and closed that for a small profit, went short on the euro two nights ago from 1.31 to 1.304. Its been a good start to ...

Cable Update (GBPUSD)

Wise words Davit, A lesson to learn is to know that it is not necessary to always have something on. I did quite well from the drop from 1.31 to 1.304 on the Euro and since i have not seen anything that has got me excited so i am sidelined. Pound ...

Cable Update (GBPUSD)

towards ? 1.55 may not see 1.50 for the next year....

Cable Update (GBPUSD)

i think its an almost certainty that it will go to 4850 at some point over the next few weeks, if your account can cover a pullback to maybe 1.53 (worst case scenario) then its a fairly safe trade.

Cable Update (GBPUSD)

Agreed, always appreciate Fontu's daily posts, top quality

Cable Update (GBPUSD)

will be already scraping the bottom before he even starts,. there will be small rallies along the way but the pound is going lower no doubts im even thinking about entering shorts even though it is completely against one of my system rules....?

Cable Update (GBPUSD)

this would be good for me but i think a few barriers on the way, particularly around 1.501 and of course 1.50 it seems to be having some trouble with 1.51 too but should break that soon and fall quite quickly to 1.505 from then

Cable Update (GBPUSD)