Wasn't a high scoring game. You mean they have them? Just like F1. Do they ever pass anyone on the track?

Cable Update (GBPUSD)

No pinbar. Although I do think we will retrace some of the up move. Maybe back down to 1.98 before resume uptrend. 38.2% retrace is 1.9809 and midpoint of large up bar on 4hr chart is 1.9811 it what I will be looking for.

Cable Update (GBPUSD)

Hell, I'll go if you put it that way.

Cable Update (GBPUSD)

Former Fed Chairman Greenspan reportedly says he fears another "dramatic contraction" in Chinese stocks after "unsustainable" rally. He needs to move here in South Florida and play shuffle board/mah jong/bocci ball something besides run his mouth.

Cable Update (GBPUSD)

I guess that answers that question.

Cable Update (GBPUSD)

I don't know if anyone has ever told you but: Using Bold type and large font is the equivalence of SHOUTING

Cable Update (GBPUSD)

After editing out the colors of the rainbow and the slashes/dashes/gashes whatnot I am left with: Who are these professionals here only "concerned with being right all the time"? I do strongly agree that it is more important to concern oneself with ...

Cable Update (GBPUSD)

If it is a daytrade and you are in since early in the day and not in profit, there is only one thing left to do. Guess? Not sit and wait. That more times than not brings a losing trade.

Cable Update (GBPUSD)

USD index and GBP/USD only please. Too much clutter otherwise. Thanks. Other markets are related but this is mainly a Cable thread so although what GBP/EUR etc etc might have some bearing it can get to chart overload.

Cable Update (GBPUSD)

Get out now. The sky is falling (and cable too) . Feel better having someone else's anonymous opinion?

Cable Update (GBPUSD)

Why learn a technique as a newbie that you won't use once you have the experience? Unless once you have the experience you will also have a large enough bankroll (very large) to take advantage on scaling in.

10 assentials forex trading for newbies

KudzuFX, You are right that for a large trader using averaging can be useful. IF MA's work for you, good. I think in most cases they lag so I avoid them. Two of the most essentials aspects a newbie has to have is Time and what you mentioned ...

10 assentials forex trading for newbies

Back in the mid 90's when I was first starting and the net was just coming along there wasn't as much information. It forced me to get it from trading books. And I am forever grateful. Online now is an incredible amount of info available, including ...

10 assentials forex trading for newbies

Essential

10 assentials forex trading for newbies

Don't forget Eleanor Roosevelt too.

Cable Update (GBPUSD)

There is a place for both fundamentals and technicals. It I were to get technical, pun intended, trading on the news can go wrong a lot also. How many times does a market react exactly opposite of the consensus. Too many. I think this has been and ...

Cable Update (GBPUSD)

I think....... Chart says...... Its really easy - just put an IMO or IMHO in front of your, uhhh what is it, oh thats right opinion. I have one. You have one. Two opinions make a market. When someone say it won't reach X point. Guess what, some ...

Cable Update (GBPUSD)

I understand what you are saying and can see some preferring scaling tactics and as you say there are pros and cons for either strategy. As far as market makers and large funds doing this, it is a requirement for them because of the size of their ...

Scaling out of losing trades...

News is news. Sometimes good news is bad for the particular currency and vice versa. I believe No News is Good News. Watch the chart and leave the news for the talking heads. CNBC puleeze. Garbage. Nattering nabobs, someone once said.

Cable Update (GBPUSD)

Reminds me of when I was in trading arcade back in '99 or '00. Was daytrading AOL which was then around $60/$70 in lots of 1000 and 2000 shares. Took a big hit on a trade and said loud enough for the guy next to me to hear, "Ok no more Mr Nice Guy". ...

Scaling out of losing trades...