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- Professor4x replied Feb 5, 2009
Changing your plan during trade: When you are most exposed to emotion and greed, you are much more likely to change your plan. If you lift your stop or change your target, you have no plan.
Cable Update (GBPUSD)
- Professor4x replied Feb 5, 2009
To design a plan you need to understand first what gear or leverage you will be using. If your trading $100,000 and use 1 standard lot that is 1:1 leverage. Trading $100,000 equity and using 1 standardlot whcih equals $100,000 trading. With a 100 ...
Cable Update (GBPUSD)
- Professor4x replied Feb 5, 2009
she needs to break 4580 support and you will be ok. Problem is seems you do not have a specific plan. Lack of money management: Trading Forex is a question of what the odds are of being right. This is known as risk/reward ratio. Good money ...
Cable Update (GBPUSD)
- Professor4x replied Feb 5, 2009
Depends on your entry price and gear how wrong you are.
Cable Update (GBPUSD)
- Professor4x replied Feb 5, 2009
Gbp Looks to reversing — Notice how gbp is now in uptrend mode. Higher lows, higher highs. With weekly stoc's heading north and monthly stoc's getting ready to issue trade signal on oversold indicator we feel dollar's rally against gbp will ...
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
Very good advice, never good to buy on first break let her retrace and most times will get better entry on same side. Try not to get excited and wait on her.
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
News will be trigger — failed to break so news will be trigger. Have to expect worse news and it should stay between 1.45 and 1.4410 until than so have to be patienced.
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
A PYRAMID or STACK TRADE is similar to trend trade, while stacking at different break points, with 4:1 Leverage on entry, 2:1 Leverage on break point, and 1:1 Leverage, to create pyramid, while looking for a target. This trade requires good risk ...
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
stack at 4520. Must clear 4510 to be true break out. If she goes will stack to increase return. Clear sailing on break.
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
Watch accelerated move by triggering stops to cover when break 1.45
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
It's a war right here and see who wins i am in the battle
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
Strong Resistance held — Draw a horizontal trend line at 4472 and you will see the brick wall it must break thru to higher. Critical resistance point and it has failed twice already today. That is line in the sand for continuation. She test ...
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
1 hr showing momentum and 2 hr stoc's issued trade signal on crossover. It looks to be heading higher so entered at 4470 stop 4410 target 4690. 8 hr is also very bullish for continuation of trend. Time will tell
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
Toughest Trade of ALL !! — Sit on hands and do nothing. It's all about discipline and will stay out until a break with momentum either way right now best to be spectator.
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
News non event — as expected and have further news at 10 am ism. Will stay with sell rally stradegy but right now no direction and too high to buy and to low to short so best to stand aside this pair. Wait on confirmation of directional break ...
Cable Update (GBPUSD)
- Professor4x replied Feb 4, 2009
1.45 big Resistance — Trade plan for today, She breaks 1.45 with momentum it accelerates to 4690. But if this report is as expected since the daily stoc's is ready to issue bear trade signal will sell into rally and expect 1.42 place stop 4520 ...
Cable Update (GBPUSD)
- Professor4x replied Jan 30, 2009
just wanted to answer your questions hopefully this clears up what it was. Great call on 4470 target yesterday and traded her all the way up. That is what is normally novice trader mistakes that they can't decide if buyer or seller. ONce i seen my ...
Cable Update (GBPUSD)
- Professor4x replied Jan 30, 2009
Delayed reply been trading — Stochastic Slow The blue line represents the current market price and the red line is 5 day moving average price using the 5,5,5 pks parameters. In simple terms, George Lane's stochastic oscillator measures the ...
Cable Update (GBPUSD)
- Professor4x replied Jan 29, 2009
Using slow stoc's on 5,5,5 pks. Look at your DAILY Chart and when you see a point differential between current market price and moving avgerage price greater than 20 pts. its a momentum move. That will cause a major break to directional side to ...
Cable Update (GBPUSD)