Cable Update (GBPUSD)
Or is this our direction down to demand? Different tf tell a different story, generally not a good idea, but i think its a good idea to lower my sl below demand zone{image}
{quote} Hi Uncle, Don't worry so much about the outcome. After all a trade is a bet. A bet should be evaluated as good or bad based on the odds and the stakes, not the outcome. A losing bet that follows a good process is a good bet. Good luck Uncle pipbasket, Hope you will got full basket of pips tomorrow.
{quote} I'm watching this spot to go long too Would make a nice return to daily demand/TL retest Or, it can fail to break the last low then go straight up, watching for both scenarios So-two possibilities next week for me 1) Down to 1.3770 then up to 1.4050 (minimum). Obviously prefer this as I can get in at a discount 2) More or less straight up to 1.41 Then, a correction on the ABCD completion and then a higher high I'm also going to be very careful to wait for the opportunities to present themselves rather than go hunting for them, whenever I...
im still in bearish bias tryin so hard to see bull but i dont know,, i see bear ..
yes, spot on, that is the infamous trading cognitive bias ! If we bear, we see
, if we bull, we see 
!
or Chase the hunter AND the toreador ! {quote} Hi mysterio, Thanks again for the great analysis. Your chart is the best. Your stuff is always so clear and so well thought out. You ought to have your own category.. P/S - Are you related with this guy in anyway ? (pic) {image}
{quote} One of the few major pairs that I see the potential for a major reversal. It will not come without stutters and stop hunts, Trade safe Guys Cheers. {image}
And The Game Begins in less than 50 mins. Let's ride
I say .... minimum 10 pips above, opposite of last week.
{quote} Thanks bro! Hopefully it actually works for me this week, last week was pretty poor, way too much second guessing. But it was my only negative week this year so can't complain too much. Haha, you know, I picked this screen name for online forums when I was 15 years old or something and it just stuck, I absolutely cringe at it now as an adult in my mid 30s. Yea, it was based on comic book stuff, of which I have zero interest in now
{quote} Hello mysterio, Once again, many of your trade concepts were valid, but the entry prices or stops were not quite right. Your last week performance was not as bad as it looks, however, for often we issued several trade was based on a single erroneous assumption about the status of the trend, so several losses were all essentially one failure of analysis. In practice, I would not take three or four different trades based on one analysis, but rather choose the trade set-up with the best prospects and concentrate on that one trade. Often, maybe...
uncle PB
{quote} You speak a lot of sense for a man of a young age, look forward to seeing your posts when market is active, by the way, i have the bear mask on now, so will be hedging until bull mask is ready
{quote} Whos up to betting on the gap ?
