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Cable Update (GBPUSD)

  • #695,701
  • Oct 13, 2022 3:34am Oct 13, 2022 3:34am
Taken profit early.. waiting for fomo to kick in
Insane in the Brain..
  • #695,702
  • Oct 13, 2022 3:35am Oct 13, 2022 3:35am
Quoting MrFanciful
{quote} Always have a SL. Move it to break even after 20 pips or so
why do you move stop loss ? Not advisable.

For BE you can move stop though.
Intraday only.
  • #695,703
  • Oct 13, 2022 3:38am Oct 13, 2022 3:38am
Quoting Fardeen1209
{quote} It will come over time, when you will had enough being a scaredy cat. You will want to be a BigCat {image}

Just as long as it isn't a FAT CAT!
  • #695,704
  • Oct 13, 2022 3:39am Oct 13, 2022 3:39am
Quoting BeeTogether
Taken profit early.. waiting for fomo to kick in
I read a quote somewhere, and it said: 'No one ever went broke from taking profit'. I have to remember that
I am neither brave nor stupid...I am just a part time trader
  • #695,705
  • Oct 13, 2022 3:41am Oct 13, 2022 3:41am
Quoting navk
{quote} why do you move stop loss ? Not advisable. For BE you can move stop though.
I have an EA that allows me to protect equity. No markers to suggest that it is being used to the market but it allows me to protect the maximum profit. Sure I get stopped out occasionally, but typically not hunted!
  • #695,706
  • Oct 13, 2022 3:42am Oct 13, 2022 3:42am
Quoting Indiara
{quote} I read a quote somewhere, and it said: 'No one ever went broke from taking profit'. I have to remember that
you so right! And at times don’t chase the big numbers when small numbers can be ample for your needs.
I of course am always chasing big numbers and end up not taking stock of what I have lol

anyway FoMo kicked in gone short 11155 let’s see where it can drop to before CPI
Insane in the Brain..
  • #695,707
  • Oct 13, 2022 3:43am Oct 13, 2022 3:43am
Quoting Moty
Full Disclosure After being in a profit of 2850 dollars for the last two weeks, I lost 1150 dollars in yesterday's drop and today's morning spike, it all starts with the fact that I have a lot of money in my account and I start to spread out and put large positions Now recovering and starting with $300 in the account and hoping to get back on the road with modest daily profits and frequent withdrawal good luck everybody

My Gawd man. when the volatility crosses, shave off profits, CLOSE, or in the least move your stop loss under the previous 15m cluster. If it keeps going just get back in. Respect for your accountability. Get a tan... those arms look pale.
Attached File(s)
File Type: ex4 MQLTA MT4 RVI With Alert.ex4   23 KB | 193 downloads
Don't compare your trades to others. Most often the masses are the asses
  • #695,708
  • Oct 13, 2022 3:45am Oct 13, 2022 3:45am
Quoting BeeTogether
{quote} you so right! And at times don’t chase the big numbers when small numbers can be ample for your needs. I of course am always chasing big numbers and end up not taking stock of what I have lol anyway FoMo kicked in gone short 11155 let’s see where it can drop to before CPI
I think I will go and make coffee and keep away from the 'Enter' button!!
I am neither brave nor stupid...I am just a part time trader
  • #695,709
  • Oct 13, 2022 3:47am Oct 13, 2022 3:47am
Quoting Indiara
{quote} I think I will go and make coffee and keep away from the 'Enter' button!!
Good choice , i am having one already.
Goddess of Thunder..
  • #695,710
  • Oct 13, 2022 3:50am Oct 13, 2022 3:50am
Quoting Indiara
{quote} I think I will go and make coffee and keep away from the 'Enter' button!!

I need to do that too lol

took a few pips out now. Lunch time
Insane in the Brain..
  • #695,711
  • Oct 13, 2022 3:51am Oct 13, 2022 3:51am
If you play the 5 min and you find the price goes a long way from your ema 1… move to 1 min and move your pp accordingly . Then wait to possible retrace back on 5 min . It’s a complicated set of rules I know .
  • #695,712
  • Oct 13, 2022 3:52am Oct 13, 2022 3:52am
I'll start a cult for coffee lovers.
Different coffee every other ritual.

LoL

More then hour left..
Let's go..
  • #695,713
  • Oct 13, 2022 3:52am Oct 13, 2022 3:52am
Quoting MrFanciful
I can do it perfectly fine on demo. On Live, I lose everything. {image}
So what does thus tell you and what can you do to change it, these are the questions you should be asking yourself
  • #695,714
  • Oct 13, 2022 3:52am Oct 13, 2022 3:52am
Quoting Indiara
{quote} I read a quote somewhere, and it said: 'No one ever went broke from taking profit'. I have to remember that

Yes and no... It depends on the profit. You can still go broke on slippage, volatility manipulation and the like. Risk reward is the key. Every trade should reward you 3x your possible loss. This is why I trade channel jumpers. Watch the trend. when the candles jump out of form look for resistance then continue the trend. It will always go farther in the direction, than the counter, so sl above or below the cluster and profit in or below the channel. In Elliottician... trade waves 2 and 4 aftrer you see the ABC correction play out. Everything else has led me to sleepless nights
Don't compare your trades to others. Most often the masses are the asses
  • #695,715
  • Oct 13, 2022 4:01am Oct 13, 2022 4:01am
Quoting navk
price to retrace from 1165/1150 to 1100. IMO
Idk man, booked my short.
Dont wanna risk it cuz the bullish momentum is still there.
Exhausted
  • #695,716
  • Oct 13, 2022 4:02am Oct 13, 2022 4:02am
I'll stay away from the market till US Cpi data.
Then I'll chase the train
Exhausted
  • #695,717
  • Oct 13, 2022 4:03am Oct 13, 2022 4:03am
UK's PM Truss' Spokesman: There will be no further U-turns on economic plan
  • #695,718
  • Oct 13, 2022 4:04am Oct 13, 2022 4:04am
Quoting MrFanciful
I can do it perfectly fine on demo. On Live, I lose everything. {image}


Trade both accounts... but change the profit to points. If you don't see the money your heart is less likely to start screaming run when price goes against you. Trade the Demo.. if you like the trade make it live, then keep the demo account on the front. Your SL and TP are set, so no need to watch the trade right? Also this tells me that you are trading the maximum you can risk. Don't. Cut whatever you are trading in half, and stop looking for that "HOME RUN TRADE". What you are experiencing is greed and a desire to get it NOW. This is also self doubt because if you truly believed in yourself you would trust that in the long run you would be fine. Instead you are trying to get it NOW before you fuck things up. At least that is what I experienced. I would call trades, support resistance and all and then still fail because my Free Margin would send me into a panic. Don't gamble... trade. If all you get today are a few colorful beads, so be it. One day you will look in your closet and discover there are a shit ton off beads in there. You know what you are doing.. now go fucking do it!
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Don't compare your trades to others. Most often the masses are the asses
  • #695,719
  • Oct 13, 2022 4:06am Oct 13, 2022 4:06am
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pp should be on the little tail . I am in on 1 min but should wait till candle close on 4 min for entry . But I have been here a long time
  • #695,720
  • Oct 13, 2022 4:06am Oct 13, 2022 4:06am
Quoting TheWolf
UK's PM Truss' Spokesman: There will be no further U-turns on economic plan
Sends the pound up until markets realise the economy is being bent over backwards and shafted by the clueless team at no10
Insane in the Brain..
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