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Cable Update (GBPUSD)

Quoting Pat Chiko
If you had special abilities, what ability would you pick and be able to keep for a few hours? Please tell me so I can think about it over the weekend.
Well to see through darkness as clear as crystal
HBS - Hussain Bin Salman
Quoting Whale
{quote} Ferna, 10-15 pips will not make you rich. go with clean head and mind to the weekend.. trust me. much better.
10-15 pid with 10 lots 20 50 lots, things will be different. I day trade and 30-40 pid is enough for me. Nice weekend
art of patience...3 days got trapped in short
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~ Keep Calm and Trade Carefully ~
Quoting voeltoez
art of patience...3 days got trapped in short {image}
Hi Voeltoez,

Is this a real account??

Trade 1 +19.7 Pips 10.1 Lots 1,971.97

Trade 2 +13.6 Pips 10.1 Lots 1,361.36

Trade 3 +46.8 Pips 5.1 Lots 2,344.68
5,678.01

You Made 5,678.01

The highest Price went, on my Platform, was 1.25445

Trade 1 (-73.4) Pips 10.1 Lots (-7,347.34)

Trade 2 (-79.5) Pips 10.1 Lots (-7,957.95)

Trade 3 (-46.3) Pips 5.1 Lots (-2,319.63)
(- 17,624.92)

When Price reached 1.25445 you where (-17,624.92) down

Is this a wise way to Trade????
Quoting ntadtin
{quote} 10-15 pid with 10 lots 20 50 lots, things will be different. I day trade and 30-40 pid is enough for me. Nice weekend
So you think a massive amount pair pip will change
the fact that Frena's trade wasn't the best entry due to price and time?

How many pips trader should risk to take 30-40 pips pair day?

let me tell you something that a lot of agree here but only inside, they won't tell it loudly.

Most of the traders that called themselves day traders, somehow becoming a day investors.

They want 30-40 pips a day.
Monday - +30 pips
Tuesday , + 56 pips
Wednesday morning - +41 pips ( oh man i can do it all day long, i will be a millionaire soon)
Thursday- floating loss of -25 (but hey, all good, daily ATR max, i will wake up in the morning and i will be in profit)
Friday morning - -50 pips floating loss (but hey it will be ok, LO spike bring it back to -25 but you will not close it you THA MAN you want the profit!
Nope.. price keep moving to other direction..
the EGO won't let you take the loss, because you made a nice winning strike at the beginning of the week)

few days later... bye bye account.
why? Just an innocent 30-40 pips trade pair day.
Be kind, the money will follow
Quoting stevepatt
{quote} Hi Voeltoez, Is this a real account?? Trade 1 +19.7 Pips 10.1 Lots 1,971.97 Trade 2 +13.6 Pips 10.1 Lots 1,361.36 Trade 3 +46.8 Pips 5.1 Lots 2,344.68 5,678.01 You Made 5,678.01 The highest Price went, on my Platform, was 1.25445 Trade 1 (-73.4) Pips 10.1 Lots (-7,347.34) Trade 2 (-79.5) Pips 10.1 Lots (-7,957.95) Trade 3 (-46.3) Pips 5.1 Lots (-2,319.63) (- 17,624.92) When Price reached 1.25445 you where (-17,624.92) down Is this a wise way to Trade????
yes its real..if you follow my post here.. u will find out how i can get 40k ..thanks
~ Keep Calm and Trade Carefully ~
Quoting voeltoez
{quote} yes its real..if you follow my post here.. u will find out how i can get 40k ..thanks
No thanks, I won't risk 44% of my account
Quoting Whale
{quote} So you think a massive amount pair pip will change the fact that Frena's trade wasn't the best entry due to price and time? How many pips trader should risk to take 30-40 pips pair day? let me tell you something that a lot of agree here but only inside, they won't tell it loudly. Most of the traders that called themselves day traders, somehow becoming a day investors. They want 30-40 pips a day. Monday - +30 pips Tuesday , + 56 pips Wednesday morning - +41 pips ( oh man i can do it all day long, i will be a millionaire soon) Thursday- floating...
Thanks for sharing, but it looks like you misunderstood what I meant. One day I might get 10/20 pid or nothing, no problem. I don't decline 50-60 pid for a lucky day. Here I am learning not to lose too much and lose control. The opportunity is always there. I am newbie and I am learning capital management and discipline. I only trade EU and very little Gu (maybe my management is not suitable for the fluctuations of Gu during the day). Thanks for sharing your management experience. Nice weekend
Quoting ntadtin
{quote} Thanks for sharing, but it looks like you misunderstood what I meant. One day I might get 10/20 pid or nothing, no problem. I don't decline 50-60 pid for a lucky day. Here I am learning not to lose too much and lose control. The opportunity is always there. I am newbie and I am learning capital management and discipline. I only trade EU and very little Gu (maybe my management is not suitable for the fluctuations of Gu during the day). Thanks for sharing your management experience. Nice weekend
I wish you happiness and luck
Be kind, the money will follow
breakout,pullback andbreaks limit2440,so without doubt ,next support goes to 2401.2426may try a little though monday open and next support goes beloqw2349,2388 may again try support .so GU more clearer then eu or usdx and can take as signal.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting ninner
{quote} You and your band of merry men got squeeeeeeeeeeeeeeeeeeeezed!!!! LOL.....losers
ninner's GU LONG trade
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Soon To Be Temporarily Suspended Again
Quoting Whale
{quote} So you think a massive amount pair pip will change the fact that Frena's trade wasn't the best entry due to price and time? How many pips trader should risk to take 30-40 pips pair day? let me tell you something that a lot of agree here but only inside, they won't tell it loudly. Most of the traders that called themselves day traders, somehow becoming a day investors. They want 30-40 pips a day. Monday - +30 pips Tuesday , + 56 pips Wednesday morning - +41 pips ( oh man i can do it all day long, i will be a millionaire soon) Thursday- floating...
You are only telling a part of the story. It is a rare day not to make 40pips of profit on the GU. But what is 40 pips of profit?

Pips are only the increments the charts move in so by themselves they are useless information. Now express 40 pips as a % of the account and we have a story to tell of useful information. For example, we could let 40 pips represent 2% of our account and risk 20 pips being 1%. The problems I see on this thread are people adding to losing trades digging deeper holes, not using hard stops leaving themselves open to big drawdowns, THINKING trades instead of reacting to the chart movements, placing trades just for the heck of it with no basis.
Quoting Nala66
{quote} You are only telling a part of the story. It is a rare day not to make 40pips of profit on the GU. But what is 40 pips of profit? Pips are only the increments the charts move in so by themselves they are useless information. Now express 40 pips as a % of the account and we have a story to tell of useful information. For example, we could let 40 pips represent 2% of our account and risk 20 pips being 1%. The problems I see on this thread are people adding to losing trades digging deeper holes, not using hard stops leaving themselves...
Nala66, there's a saying that when you find yourself in a hole, the first thing to do is stop digging but some people here have different philosophies (and that's their right), and the bigger the hole, the bigger shovel they pick up to dig themselves out. Yes, 40 pips a day is doable considering that daily ATR(14) is 90 pips for GU. It doesn't have to be in one trade, though.
Always trade your own plan...I don't provide trading signals.
Quoting coreg2004
{quote} nala66, there's a saying that when you find yourself in a hole, the first thing to do is stop digging but some people here have different philosophies (and that's their right), and the bigger the hole, the bigger shovel they pick up to dig themselves out. Yes, 40 pips a day is doable considering that daily atr(14) is 90 pips for gu. It doesn't have to be in one trade, though.

yes gu does work perfectly

if price open at 2 it possible that we see 3 or 2


failure to reach the atr within the weak will make the next week more volatile
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting donfriday
my weekly open is 1.23 upside target 1.24 100% atr in extension 1.2450 downside target 1.23 100% atr in extension 1.2250 i expect 1.2250 by 2nd week of june my personal view {image}


this week atr was above 100%
i expect the coming week to be on average

my weekly open 1.24

up side 1.25 100% ATR extension 1.2550
down side 1.23 100% ATR extension 1.2250

its unlikely for me to expect 1.23 for now
PLAN YOUR RISK & REWARD BEFORE INVEST
this week was volatile

what should i expect next?

price need to cool of for next target not sure big players trade NFP but coming to see whats on the chart surely you will need time to get quality trade.
PLAN YOUR RISK & REWARD BEFORE INVEST
to me wave five max extension 1.2750/1.28 ...to short
the classic ret done at 1.23.
if not already finished (1.2679 ) my target is 1.1350 .
Quoting navk
{quote} try vantagefx australia. go markets, australia and axitraders australia
Thanks Navk, for reply, I will try with Vantage, I am doing funded accounts, also I have manage accounts for few friends, of personal money,
kindly anyone in forum try with “Ment Funfing and Nova Funding these are one phase evaluation, with no time limit,
waiting yours opinion?
Quoting donfriday
{quote} this week atr was above 100% i expect the coming week to be on average my weekly open 1.24 up side 1.25 100% ATR extension 1.2550 down side 1.23 100% ATR extension 1.2250 its unlikely for me to expect 1.23 for now
matching some levels if with existing pa ! as already a bear continuation by below 2441, so subwave iii extension already happening .ok then imaginary tl 2435 or better 2425 may try bounce for 2452/54 and if unable breaks 2458 ,likely then should refuge to further down sr 2414/2400, 2394 any or all ok as good support ! wave iv can be 2482/94 or just above 2447.next wave v th can be 2382/43 low( towards 2308) length! so matching 2400 ,better go for it then! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Coreg2004
{quote} Nala66, there's a saying that when you find yourself in a hole, the first thing to do is stop digging but some people here have different philosophies (and that's their right), and the bigger the hole, the bigger shovel they pick up to dig themselves out. Yes, 40 pips a day is doable considering that daily ATR(14) is 90 pips for GU. It doesn't have to be in one trade, though.
I think you miss the point relating to the 40 pips. That was just mentioned as the example, but pips are pips and profits are something entirely different requiring discipline and strategy not the psychology most people get themselves involved with. (I am generalizing here)

Caratacus was using wishful thinking with his much larger army thinking he could defeat the discipline and strategy of the Roman legions. To the Romans it was business with tried and tested positive results whereas Caractacus was just pissing into the wind. We should learn the lessons of the past but how quickly we forget and repeat the same things over and over and traders do this constantly, poking a sharp stick in their eye hoping for better outcomes. (What is the definition of insanity again?)

I recall someone posting a while back asking, what is Money Management? I don't recall a single post explaining it, but conspiracy theories abound on this thread almost daily. Why is that? maybe it is easier to make something up than it is to relay actual facts, I don't know. Supply and demand, what is that all about, has anyone ever been refused a trade because there was no supply. We as traders can only demand we cannot sell, which is why every trade we take money comes out of our account to pay for it. If traders just stick to the facts, they will be much better for it than to subscribe to theoretical stuff. If price is rising, then why short it and if it is falling then why go long, the charts are showing the facts. The news does not give the facts, the theories do not either it is the charts that are telling the story, but traders need to comprehend the language of the charts.

Gee have I written a book already. Better quit now.
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