Cable Update (GBPUSD)

Daily view , strong bullish .

Good day,

I now know why you are less polite - you have a license to kill....

Very well traded.

Regards

May even have another cheeky trade, will wait for a confirmation candle either long or short, however my profit targets are in the screenshot, depending which way i go. Obviously I'd love it to go south

tau is still here?! how r u buddy? any pips made (silly question -.-)?

Placed sell order @ 1.55976, a few pips below low of last candle, tp is 1.5524...

***Cancelled that order now, I'm out for the day, good pippin...

Hi, I don't mean to sound arrogant, but I believe I've found an edge..I'm still working on it..its rather new. It has to do with time price cycles..I'm a believer that the big banks manipulate price thru a series of cycles that are the most effective against the most traders. There are hundreds of thousands of traders trying to take THEIR (big banks) money since they are the counter party to all of our trades..to think we're trying to take newbie's money is rather foolish in my opinion..if that were the case, trading for the so called pro's would be easy, and its not..the owner's of FXCM would rather sit on a beach and trade rather then have to deal with thousands of losing traders and 2 million dollar fines. I mention FXCM because they have access to a few of the top traders in the world, and I'm sure they could have hired a few of them and just closed their doors long ago...since they haven't, that kinda tells me either there are no winning traders or the winning traders wont work for FXCM (which I doubt).. I do believe FXCM keeps the stats of their traders very classified for their best interests. I'm of a firm belief that the banks that control price are impossible to beat using charts..millions use charts and millions lose.

I believe I've found an edge (without an edge you cannot win) and I'll share it here..there's plenty of money in forex for all..trillions are traded every day and it is possible to acquire some of it.

Now, I'm not trying to sell anything..I'll post all of my trades in my signature area when I feel the risk reward ratio is a good value. Some trades are only 15 - 25 pips in duration..using a 300 pip stop on those could tie up quite a bit of margin..so I generally wait till price has moved 100 pips or so away from the entry point..the entry point does not use s/r levels..it uses a point were price must be returned too barring big news. You've seen this many times on a chart where news spiked the price by 100 pips or so..then several hours later the price drops right back to where it started from with little deviation..that wasn't a chance move..it was deliberate.. there are many deliberate moves on a chart..I'll prove it in the days to come..stick around..could be fun and profitable.

Meh -

Just scalping EU for additional bucks...

A line drawn out of nowhere... producing every hour.

Nice to have met you - hope we can share many trades going forward. I'm singning out for the night. BBQ, 80's music and darts - nough said..

Since double top didn't form. i'm entering long for now . good night all

scalping

PA looks funny, mr market may catch everyone by surprise this NFP I think.

likewise

out most in clusterfcuk zone

Good day to you,

Thank you for taking the time. My apology for the late reply... had to spend some time with the kids. And sleep.

I'm a bit of a contrarian myself - so I fully understand where you are coming from. I agree that, in principle, the market is not random and works to a plan. Should you then know what the objectives of the plan are - well...

I wish you all success in your trading and feel free to stop by from time to time. Will be interesting.

Regards and thank you again

Good day to you,

My weekly and daily indicators still in long mode, but 4hr neutral and may start indicating a time to sell rallies for a few sessions. I will therefor not be taking any longer term longs for now.

Still keeping an eye on my upper TL's to see what price will be doing and may consider shorting the next run higher for a proper retrace?

I wish you all a strong day

Regards

i use time price cycls of the natural harmony of the market, some numbers do have tendency to make a swing point and even more unethical, i use planetary cycles. made me good pips on large swings.

anyways, cycles are there to let u get ready before the thing happens. to not be the one screaming oh shit im losing, but to be saying i am in profit.

if the cycle is right of course

use confluence with cycles in can be deadly

Good day,

Just an additional note...

If I look at the current price action angle as well as time, we may very well move up to trade in the 1.5675 - 1.5700 area somewhere today. If all still aligned - that will be the area for me to trade short... but not going to run ahead of things.

Will wait.

Off to the airport. See later.

Regards

OK

I'm going to attempt a long here at the confluence of these trendlines - it does look like a good place... SL placed just below the 50% line for the week sitting at 1.55556...

Figured if I want to short from higher, I may try and trade there anyway...

Will see - single entry only. Now really leaving

Regards