Many people trade demo with Rick and don't see the somewhat obvious massive drawdowns that he has sometimes. He might get 30 -50 pips per day, but he will NEVER discuss his 300 or more pip drawdowns. They just disappear and get forgotten. Trade a ...

Cable Update (GBPUSD)

It's working out well so far. Short and currently +40. Thanks JR & Abuawad

Cable Update (GBPUSD)

JR, thanks for describing the way in which you have interpreted Abuawad's method. I've had a little difficulty understanding few items in the PDF and am trying hard to understand. Your post has helped. Congrats on yesterday's trades! Abuawad & JR, I ...

Cable Update (GBPUSD)

Thanks for taking the time and effort to do this Daz. It's great. Rob

Powerful Fib Based System - by DAZfx

I'm still on the learning curve in that area DT and I had to get DAZ's advice on the same subject last week on a EUR/GBP trade. I'd use DAZ's guidelines here: url and keep a close eye on other S & R levels and candles

Powerful Fib Based System - by DAZfx

Looks nice DT. The only thing I'd keep an eye out for is potential support by the 60ema on the 30 min which is just approaching (around 1.0085). Additionally ... Price is also below the 200 ema on the 1 day and 4 hr, and above the 200 ema on the 1 ...

Powerful Fib Based System - by DAZfx

You're right! It's not NFP. I'm still in a daze over the EUR trade Sorry mate ..I meant ADP Nonfarm Employment Change Bernanke's also chattering

Powerful Fib Based System - by DAZfx

Hi Chow, Some nice potential set-ups. I'm long EUR/GBP right now. I just bailed out of a 36 hr short on EUR/USD. 3 lots @ 270 pips each. The current retracement got me scared and NFP (Edit - correction: ADP Nonfarm Employment Change) is out in a few ...

Powerful Fib Based System - by DAZfx

EUR/GBP potential set up — Potential set up on the EUR/GBP here guys ... (I'm long) It's stalled at some resistance right now so maybe better to wait until it clears it.

Powerful Fib Based System - by DAZfx

I went short 3 lots on EUR/USD yesterday at 1.5879. I am holding all three lots with 150 pips locked in on each lot. That's about 100 pip SL as I write. I've locked in a very nice profit already and am prepared to let the rest ride out whatever the ...

james16 Chart Thread

Yes I just heard it on BBC Radio 2 Jeremy Vine show. Crazy eh! Oh and the bank announced it will pay off all its debts sooner than expected and it is initiating talks with workers' union - does not know how many jobs will be cut

Cable Update (GBPUSD)

OK thanks Abuawad. I'm not in town any longer. I'm back in Europe. But if I do come into the region (I spend more time in UAE in recent years), I'll let you know.

Cable Update (GBPUSD)

Abuawad, I've done very nice out of the bear move today & yesterday. I'm not so sure about my final take profit on this one. What are your thoughts? Rob PS I used to live and work at the Faisaliah tower in your city. new info ...OK, I see our posts ...

Cable Update (GBPUSD)

Whilst I was out, I got stopped out and banked a few more than 100 pips. That'll teach me to bring my stops in too close! New short position opened at 1.9947.

Cable Update (GBPUSD)

I have to go out. I've placed n SL just above the range (2.0002). If it stops me out I'll have got 100 pips, but if breaks support, I'm still in the trade. Either way, a nice way to end the week. Good luck everyone & a good weekend.

Cable Update (GBPUSD)

Yes ...annoying isn't it

Cable Update (GBPUSD)

Chow ...Well traded! Congrats!

Powerful Fib Based System - by DAZfx

Hey Abuzant ...you don't look THAT old in your profile!

Cable Update (GBPUSD)

bbmac, yes I noticed that too. Looks nice. I went short yesterday at 2.0105 at a fib retracement on the 4 hr with stochs turning down. But overall my bearish sentiment was due to the weekly and daily charts. It's playing out ok so far. Will see what ...

Cable Update (GBPUSD)

Thanks for the GU caution. Watching AUD/USD

Powerful Fib Based System - by DAZfx