It's in a bearish channel. — So short term it looks like it is going down when that was done. Right now I wouldn't go short at 2.0016. No value IMO. The ideal for me is it goes to 2.0063 then drops again. Anything above 2.005 is good for a ...

:: Cable (GBPUSD) Trend Trading ::

Case closed. — The majority says pips don't count. You know, the funny thing is this thread started because all I wanted to do was create a level playing field for the suggestion I made here easily. I wanted to let the trader in who trades a ...

:: Pips are not what counts ::

Gambling perhaps. — But with a view. Thanks for dropping by. And the odds are stacked in my favour. IMO of course.

:: Cable (GBPUSD) Trend Trading ::

Why? — This may assist. image

:: Cable (GBPUSD) Trend Trading ::

New Buy Limit. — 2.0005 SL 1.9925 TP 2.0086 Last 2.0023. 2 long open from ten lots. 8 lots exited for pips referred to earlier. The earlier limit orders remain - 1 sell and 1 buy. With the new limit order that makes it 1 short and 2 long. Old ...

:: Cable (GBPUSD) Trend Trading ::

You ain't so Dopey, Dopey. — And of course you're right - for companies reporting to investors. But for comparitive purposes where size of account does not matter but trading skill does then pips remain a simple way to create a level playing ...

:: Pips are not what counts ::

My point entirely. — And that's why I started it. It grew out of something else. Pips could be considered irrelevant but it is an easy way to put people on a level playing field. The profit only matters to the individual. But as I've written ...

:: Pips are not what counts ::

Another lot exited for 20 pips — A total of 70 pips profit locked in now. The oustanding lot will now either hit TP or SL at for a loss of 27 pips. If it's stopped out then I count the trade as 5 lots for 70 pips or 14 for the trade. I'll be ...

:: Cable (GBPUSD) Trend Trading ::

God I type slowly!. — In the time it took to write that we're now back above 2. Still be nice if it opens though. Forex Gods are you smiling on me today?

:: Cable (GBPUSD) Trend Trading ::

New Buy Limit. — Entry 1.9965 Last 1.9990 SL 1.9895 TP 2.0065. Sell limit O/S.

:: Cable (GBPUSD) Trend Trading ::

And again. — Risk is SL 1.9955 - will it? Won't it. Not bothered - 45 pips locked. Back to break even AGAIN ATM.

:: Cable (GBPUSD) Trend Trading ::

SL brought closer. — SL brought in to 1.9951. TP unchanged. 77 pips banked turns this trade in to the 2nd guaranteed winner for a minimum of 50 pips on the whole trade - 5 lots. 2 long remain O/S. As I noted at the start I will scale out to ...

:: Cable (GBPUSD) Trend Trading ::

My sell limit missed the dip. — But it's still there. Just a bit off the money. I'll leave it alone for the moment.

:: Cable (GBPUSD) Trend Trading ::

Direction's ok. ATM. — Last: 2.0006 Pivot: 1.9976 1st sup. 1.9976 2nd sup. 1.9925 3rd sup. 1.9901 1st res. 2.0025 2nd res. 2.004 3rd res. 2.005 image

:: Cable (GBPUSD) Trend Trading ::

Another lot exited for 35 pips — 2 O/S from today's long and last week's carry over now back to 8 pips profit. The TP on the old long remains 2.0510 and the original trade for 5 lots as always has 45 pips locked even if it hits the unchanged ...

:: Cable (GBPUSD) Trend Trading ::

How did I choose the entry? — The chart above will assist.

:: Cable (GBPUSD) Trend Trading ::

1 lot exited for 27 pips. — 1 long of 5 O/S from last week O/S at 2.005 now back to break even. And 3 long remaining showing 27 pips each. Just exited another for 27 pips.

:: Cable (GBPUSD) Trend Trading ::

From Cable Update (GBPUSD) — The buy limit opened at 1.9978 SL 1.9882 TP 2.0096.

:: Cable (GBPUSD) Trend Trading ::

I'm inmy journal now. — Easier to post actual trades and more relevent there than here. Have a great day everyone.

Cable Update (GBPUSD)

Buy limit opened. — And 1 of 5 now already exited for 15 pips. Remaining 1 long of 5 O/S from last week O/S at 2.005 now at a loss of 15 pips. The sell limit remains to open.

:: Cable (GBPUSD) Trend Trading ::