Cable Update (GBPUSD)

Quoting dantpm

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{quote} Did the trades you hit SL turn around after the stop loss or continue in the same direction? The ones that turned around, was there a signal for an entry that was better?

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Quoting DrDave

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{quote} Yes, I doubt your statement that the TMA in that picture repaints. Why? Because just seeing a TMA on a chart does not tell you if it is a repainting or non-repainting version. so with either one possible, that means doubt. Why would I care about REDOING something that I have already done in the past and came to a conclusion about? If the poster is interested in the issues of painting vs. non-repainting, he can certainly delve further into the matter for himself. And similarly to you, I gave information from my experience with using both...

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Quoting iusman23

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{quote} Only one kept going on its direction, rest hit me SL and moved to my TP direction. The one turned around had 1 bearing and second bullish candle with a wick below it.

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Quoting dantpm

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{quote} I suggest you look to your entry points. It appears that you are trying to get in too early.

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Quoting iusman23

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{quote} Took 7 trades today, only 1 was in profit and the rest are huge loses more than 15$, just because I had sl in distance to avoid its hunt. but, it kept hunted.

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Quoting purevenom

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{quote} Then my advise is to take trade at the more solid SnR that you have in your chart. "If this level break, trend might change" kind of SnR. It is tempting to collect every pips available and waiting is boring. But you see, the risk is greater. If you want to hone your skill with the less reliable SnR, the least you can do is lower your lot. Raise it when you build up your confidence.

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Quoting purevenom

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{quote} Then my advise is to take trade at the more solid SnR that you have in your chart. "If this level break, trend might change" kind of SnR. It is tempting to collect every pips available and waiting is boring. But you see, the risk is greater. If you want to hone your skill with the less reliable SnR, the least you can do is lower your lot. Raise it when you build up your confidence.

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Quoting iusman23

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{quote} I tried with no SL and went straight 15$ another loss. SL is quite necessary for me because I'm beginner. 1st day with 2nd account, already 100$ loss. I cannot even recover it now. I was targeting 200$ profit this week. But here we go. I'm no more buying GU.

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Quoting iusman23

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{quote} My most of the analysis are correct, price moves in the direction where I predict it. But, I'm losing confidence because I only get to make profit with only 1 trade a day. The rest one kept hitting SL. Even tho SL is not tight enough. MY GU spread is 4-5.

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Quoting dempire1

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My account atm {image}

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