That's funny. Buy the dollar or sell the pound is the same direction on the GBP/USD currency pair = short. What if it's cloudy and sunny at the same time? This morning the east sky was ...

Cable Update (GBPUSD)

You're a much better trader than me, so it behooves me to be quiet to observe and learn from your example. Thanks for being such a transparent trading role model.

EURUSD

Could have bought the dip with a trailing stop. I don't see the point of shorting a high demand value item like gold or silver. With that kind of parabolic behavior, you never know when it's going to stop rising. Maybe never.

EURUSD

Well, where is the market going, do you know?

Cable Update (GBPUSD)

That's totally something else. Trump's DOGE has nothing to do with Dogecoin.

Cable Update (GBPUSD)

It's just a popular shitcoin.

Cable Update (GBPUSD)

Your stop loss is at BE?

Cable Update (GBPUSD)

More like 1.025

Only EURUSD

I get weekend price off www.xe.com. This is the price action for the last 24 hours before Oanda market open at 5:05 p.m. EST. image

Only EURUSD

Ugh, stopped out. So, no withdrawal yet. But at least I'm close to B/E in my second +5% ROI win cycle. Just 1 more trade of +5.88% ROI is all it will take to finish it in order to withdraw some more $$ into my bank account. This is how I ...

Cable Update (GBPUSD)

New short position for +5% ROI. If it hits TP, then I will withdraw half the profit from the $205.21 account balance that I had left since my last withdrawal. Also, take note that EUR/USD price action once again ended up respecting the top line even ...

Cable Update (GBPUSD)

I know, right. So easy to lose patience. I got lucky, though. I did cancel the stop loss because the price action seemed to be like classic stop hunting. So, I allowed it to take me deeper into drawdown. It ended up being a max of around ...

Cable Update (GBPUSD)

Such a nice topside wick for the EUR/USD today. It touched the top line again and bounced back. I didn't notice it until now. It really looks like we will now see over a hundred pips short price action and actually hit the bottom line this week, if ...

Cable Update (GBPUSD)

I already explained everything the last few days. I don't feel like explaining it again. Feel free to check out my posts for the last 4 days. I mostly trade by ear. No specific technique.

Cable Update (GBPUSD)

Never mind. I got stopped out again. I am driving and can't focus anymore on trading for today. Try again tomorrow. Total results since Thursday night = 3 losses, 2 wins. Now I need 3 more wins to finish my second +5% ROI win cycle. If my driving ...

Cable Update (GBPUSD)

I think the odds for a short is more favorable right now. image image

Cable Update (GBPUSD)

How about 10 x 10 pip or 5 x 20 pip trades? I think that's a better balance and easier to accomplish than either 1 x 100 pip or 100 x 1 pip trades.

Cable Update (GBPUSD)

So I got stopped out. Longs beware! EUR/USD price just broke down through a strong support. Now it's down to the floor. Time to look for good short entries. Previous support at 1.03044 should now be resistance. If price breaks back up above 1.03105 ...

Cable Update (GBPUSD)

The way price action looks supportive right now, it could retest today's high tonight or tomorrow or maybe even keep going up to 1.036 area. If it breaks below 1.03044, then I will get stopped out and price will likely go down another 80 pips or so ...

Cable Update (GBPUSD)

I agree that 10 pips stop loss is pretty tight, but Gatorinla is able to successfully hold trades with only 4 pips stop loss for like 1:10 RRR or better. For me, 9-10 pips stop loss is minimum. But what I meant is that when your TP is also small ...

Cable Update (GBPUSD)