Every trader has a stop-loss, and that is his margin call.

Trading Without a StopLoss

lol let's see where we open first. What happens if we gap down/up 30 pips? LOL

Cable Update (GBPUSD)

haha ok if you count 20 pips as going up then sure you might be right I wouldn't take that bet.

Cable Update (GBPUSD)

Why do you think it needs to go up a little? Charts are showing it's on the edge of beginning down move, both GBP/USD and GBP/LFX show completed retracement patterns on Friday. Plenty of examples where price opens and heads straights down for the ...

Cable Update (GBPUSD)

Call it stop-clearing or anything - I think we see a new low briefly early in the week and this rebounds strongly by about 200 pips from that low and closes the week as a doji. trade plan: look for longs below current low. exit and reverse after up ...

AUD/USD

Sell zone to me for EUR/USD is 1.35. Very good confluence there. Given that this b-wave is larger than one would typically expect, I would expect C wave to overshoot 100% extension as well. Updated with Chart:

The Club!

Not true at all! Could argue for ages on this but my view is: It's systematic even on a 1 minute chart.

Trading from an Experienced and Successful FULL TIME Trader

Here's my view. Updated showing divergences and why the labeling is as such.

Cable Update (GBPUSD)

I would short on the open if I were you (assuming no gap down) If there's a gap down, limit order at 1.6013 seems like a best bet to me. just my 2 cents.

Cable Update (GBPUSD)

Yeah I went back and looked at the charts for GBP/LFX again and I think it really doesn't matter that much what the wave count is. We could have seen a rare WXY pattern instead of the bullish count that I had. What matters is that we have completed ...

Cable Update (GBPUSD)

Just wondering, you mentioned that you trade 2 hours a day, may I ask which two hours? Thanks in advance, and lovely thread btw.

Trading from an Experienced and Successful FULL TIME Trader

Looks exactly like what happened on the pound/dollar.

Trading from an Experienced and Successful FULL TIME Trader

Just looked at FF Trade Explorer and saw that majority of traders have been short since July!?

Cable Update (GBPUSD)

Nice

Cable Update (GBPUSD)

No typo there, have a plan in place to trade this. Plus I will know if I am wrong pretty soon because if I am then pound should spike up really fast over the next two weeks. People often don't realise how powerful monthly trends can be but if you ...

Cable Update (GBPUSD)

A quick scan at weekly and monthly charts suggests that this works.

212 Candle Pattern

yes, it could take ages. I have been mentally preparing myself for this trade and also revisiting my plan daily. Short-term yes, downside definitely, but I am really looking at targets of 1.1x. regarding the returns... hopefully. had a 2000% run ...

Cable Update (GBPUSD)

On the other hand, here's some ammunition for the bears. Self-explanatory. Notice how similar these wave 1 and 2 are to the start of the 2008 financial crisis lol, so I suspect Britain might be heading for some sort of recession soon. We will know ...

Cable Update (GBPUSD)

Bones, I have read some of your posts and know how good you are at analysing the markets. I am in the bearish camp as well but I need to warn that while USD seems to be starting the second leg up on its monthly chart. GBP also seems to be in the ...

Cable Update (GBPUSD)

This is going to break through 100 strongly and not look back. Both JPY and USD are in 3rd waves. initial target: 109.

USD/JPY Discussion