DislikedDave:
May I give you a little advice
1. Give up GBPUSD.
This advice was read by me in one book by Igrok not so long time ago.
But it works. He has explanation. Why it is better to go other currencies.
I do not want to reproduce.
I need to say it is really good book to learn patterns of Forex. But he is not rigid. He always says that all patterns for forex are not finished.
Trader Igrok is known among russian traders as showing unbelievable results. He has own thread here at forexfactory.com
2. And in reality you do not need 100 pips profits all you need 20-35 pips run
But you need to snowball your positions fast. Square your position after this small move to 1 scout and wait again for next impulse. 2 impulses a day make your day for sure.
All:
Please find attached cut from Robert Balan "Elliote Wave Principle applied to Foreign Exchange Market".
This cut is not about forex itself but about trading, i think it has some resemblance to FTI teachingsIgnored
Ahh, Bob Balan of Lloyds Bank fame.
Are you his understudy? Wonder what he's been up to?
I believe he is doing consultancy now, but its been a long long time.
regards
@ Lusan & auxesis, thanks for your thoughts. Much oblighed.
Its so hard enough to get it right,
Its so much harder to stay right,.