It wouldn't be a bad play really, unless you get stopped out by a running correction. I always trade from extension to extension, especially if I have a wave count that looks half right and price action. (A pin bar.) Problem is, counter trend ...

Depends on your time, depends on your feed, depends on your indicator. (Lol) Forexpros.com shows their Daily PP at 1.5122. Fib and Classic. This is why round numbers are important.

If a Gartley pattern isn't within .50 to .618 from X-A and .618-.786 from X-D I don't even think of trading it. Once you are just drawing two adjacent triangles of any ratio across the chart you are going to lose. Most Gartley patterns are just ...

I got in at around that price, 4980, but closed at daily R2. :-(. Nice trade for you! :-D

I wouldn't go long yet unless you are willing to draw down to at least the daily pivot. Looks like we finished a 5 wave impulse on M15. Wave 1 on H1. But was a strong move up, might see a running correction. Frankfurt usually pushes moves like this ...

There was a marginal H1 pin but no confirmation from anything else, plus the double top. Might have gambled with a tight stop (would've been stopped out) but I never trade any time other than London to US overlap. Nice to see a fellow Chaos trader ...

And yet the bulls are still out. Although I agreed that a short was coming, and any other currency I would've shorted that double top at 1.5195 I never try to stand in front of the Cable anymore, it's even less predictable than GBPJPY. Only trade ...

This is honestly the holy grail, if you want one. All your analysis and entries and planned exits in the world mean nothing if you don't realize when a trade is going against you. Learn when to cut them, learn when to let them develop. Even people ...

Be organic about it. Don't blow your entire account obviously, but when you have a strong entry I believe in throwing your weight on it. (Of course this might mean you have to have to fine tune your stops.) Meaning trading a strong lot or unit size. ...

99% of all traders fail is just a good excuse for people who are looking to quit. Do you realize how common that figure is thrown about in just about every human endeavour? 99% of people will never become successful actors, 99% of people will never ...

I hope this isn't another 12 hours of consolidation. Only going to watch the market for another hour. Maybe something will happen.

As a an Elliott Wave and Gann student, I don't see how you could possibly predict price without factoring in time, in even the slightest sense. Hell, even if you were psychic you'd still be able to factor in time. I am however, still interested in ...

You're not actually calling trends off a stoch, are you? Or are you using your trendline to show it's a retrace?

Cable is still in a 4H uptrend and daily uptrend. About to break through and close above daily Ichi Kumo. As good of an indication of a long term uptrend as anything really. Key word there is long term. So I'd be careful with your shorts unless you ...

You could demo trade until you have more money to invest in trading, and/or a couple months to a year worth of experience demo trading. If you can stay profitable demo trading: Go ahead and invest. Trade your demo realistically. If you are planning ...

Do it manually. Meaning, close out 1 or 2 pips ahead if it comes too close. Don't do it on GBP/JPY. Even if you are trading with the trend it might come back and dip at your b/e. Sucks, especially if then it continues to move 100+ pips or something. ...

What I don't think will go away that is unpleasant about trading and I just have to get used to is; It doesn't matter if I've made made 20 pips or 100+ pips the previous trade. No matter how high I am, or how confident I am off those good trades or ...

You got the gist of my message. Do you actually speak any German or did you just wiki that? Subtlety and sarcasm not your strong suit, I take it. Frankfurt is still a wonky open.

Just the usual Frankfurt open pushing around price before London decides the direction. Just not as many dojis tonight. I don't trust any "rally" that starts in Frankfurt. Frankfurt open is only barely suitable for scalping nine times out of ten.

Wow. After getting hosed all week trading Frankfurt; the day I decide to wait until London, Frankfurt makes a break. Even if it does turn out to be a small one. F U Germany. I'm not done with shorts just yet though, and I'm not gonna jump on this ...