Cable Update (GBPUSD)
{quote} Whenever I'm stressed out—like right now, with UJ refusing to move an inch—I calm myself down by looking at pictures of Hollywood film stars. Take Angelina Jolie, for example. A beautiful actress who inspires me to stay calm... even when the market clearly has no plans to cooperate.{image}
{quote} Mr fanciful... the whole time I've been on forex factory I've said trend trading is the reason 96% of people end up losersI've even acquired enemies because of saying that the book authors and youtube podcasters either don't know what their talking about or are purposefully lying to people do yourself a favor and trade opposite of what the books say to do
{quote} I can't trend trade at all. I never know when I'm on one or not. Are we up, down or sideways that the moment? Answer: depends on the timeframe. That is the answer to everything. Depends on the timeframe. Are topping out? Depends on the timeframe. I have multiple problems that actually stem from my strategy. I basically trade the overbought/oversold stochastic reversals when it's in 4hr SR zones. tight SL with a 10 pip TP on the 5 minute chart and the 1 minute to refine the entry. Stochastic is set to 5, 3, 3. You would be amazed at how often...
Head and shoulders. {image}
{quote} we got ourselves a bullish close according to my system...its over that hourly BOE candle and closed above today's midpoint...after the shortcovering bulls didn't come in to buy and move price hier...they prolly waiting for NFP but my personal belief is it will come in red I been mentioning an invH+S for days now and the neckline well there's also a resistance level going back 2 weeks to dec 19th I marked with a black line so if price breaks out tmoro on a weak NFP its gonna reach 2700 minimum next week with a measured target of the h+s...
{quote} since you seem to have a good grasp of your limitations what are you doing to correct them? trading the 1 and 5 min charts takes a heavy psychological toll on anyone, not just you after having my epiphany and realizing the old timers a 100 years ago drew their own charts just using a pencil with graph paper on their kitchen tables and didn't have a way to scalp intraday except in bucketshops like described in reminiscences of a stock trader I stopped trading anything lower than 15min charts if those guys could make fortunes drawing and trading...
{quote} or switch to stock trading...its easier than forex that are pairs with competing data releases for the pairs I don't know about your country but in mine its easier to just buy stocks than it is to short...we have rules about shorting stock that makes it just a tad harder so that's why I'm teaching my fiance how to trade earnings releases since there no competing news release that will nullify a buy signal the next day
pa appears to be chewing through significant amount of selling at this level, which was anticipated by significant trade imbalance that was present 1-13-25 along with technical resistance. febuary futurers roll over tomorrow areas of resistance are from current levels through 1.26, 1.27. 1.28 to first target. holding long positions from: 1.2165, 1.2245, 1.2377 1.2423, and 1.2457. “Ladies and gentlemen, please make sure your seat backs and tray tables are in their full upright position and your seat belt is securely fastened enjoy the ride. daily bars, small positions, ladder into trends, the catalyst is inconsequential, our only superpower is "we are tiny". good fortune today 
