Cable Update (GBPUSD)
As long as your fails are 2x's the loss of your profits then yep.
Although there are many ways to see the same thing, buying dips in a uptrend and vice versa is the only way to beat the game, most people are trying to pick tops and bottoms, they look easier / nicer / more profitable but your odds on profiting from that are much much lower.
or more or never in the green. at all. Bin there done it, licking my wounds still....
There before flawed trading method's, the only method which works over all is :-
If the market is going up, enter with the direction on a dip.
Stoch's and all other indicators will suggest a Top, shorting tops over all will cost you and I've blown many a account ( £100 ) trying.
As long as your fails are 2x's the loss of your profits then yep.
Although there are many ways to see the same thing, buying dips in a uptrend and vice versa is the only way to beat the game, most people are trying to pick tops and bottoms, they look easier / nicer / more profitable but your odds on profiting from that are much much lower.
yes. just make money! understanding what's happening on the higher time frames and getting in once the move is under way works well for me too.
no point guessing or being a cowboy.
The 4H (EST) candle closed exactly on 16696
so far we're bouncing between 16709 and 16696.
They won't tip their hand before the CDG news comes out. I suspect a few POs were hit that will move this quite a bit once the markets open in NY. I'd like to see a retest of the bull trendline, but sometimes New York doesn't mess around, they may just tie stones to the GU and drop it in the East River.
Still a lot of Yen buying. The Sterling defies gravity! lol
frito is right, the DXZ bounced off the bottom and pushed us down, but then the DAX bounced up and pulled us up with it, now we're back down again.
lol it's all over the place.
too volatile to hold a larger position but the SR and TLs are playing out nicely for some small trades. watch the neckline 16600 area. if that goes, lots of room to drop.
I'm done for the day.
GL w/ your trades everyone.
Is it 1.6670 is a strong resistence that can stopped GU to go back to 1.6700 area?
We will see from now on how it will be...
I'm placed Short from 1.6657 and want to see 1.6600 with SL at 1.6700.....
Let's see what will happen then...
nice long there....
me still hoping...
