DislikedIs there any chance to go 1.2900 area. I have only 100 pips remaining if another 100pips up I will be dead. What should I do quit or??Ignored
Cable Update (GBPUSD)
- #453,587
- Jul 14, 2017 11:41am Jul 14, 2017 11:41am
Just closed my short with 175+ pips lose. I should have closed it earlier. I used sl but only this trade I didn't use sl and pay for it. Now I have very little balance don't know how I m gonna trade with it. Pray for me I request to everyone. And please share your trade position specially senior trader maybe it will help someone. Thanks everyone
You stick to no risk management, full of emotions and completely rely on the opinion of other traders. Without a system in any area you have the best requirements to dynamit your equity
Learn from it and do it much better in the future.
- #453,588
- Jul 14, 2017 11:45am Jul 14, 2017 11:45am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #453,591
- Jul 14, 2017 11:56am Jul 14, 2017 11:56am
{quote} You blowed up your account with typical amateur mistakes and unfortunately you need to bitterly pay for it now i am sorry for you. You stick to no risk management, full of emotions and completely rely on the opinion of other traders. Without a system in any area you have the best requirements to dynamit your equity
- #453,595
- Jul 15, 2017 3:41pm Jul 15, 2017 3:41pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
GU Daily Technical pattern, descending broadening wedge breakout into BF / Falling wedge, long off the top of descending R - target last R 1,32{image}
Some might say Inv H&S, in an uptrend...
- #453,598
- Jul 16, 2017 4:36pm Jul 16, 2017 4:36pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's a technical perspective you may consider if you are tracking cable this week.
The pair has been in a consolidating mode since November 2016. Between November 2016 and March 2017 price action consolidated between 1.19890 and 1.26650. It then moved upwards for another phase of consolidation between 1.26650 and 1.30720.
On the weekly time frame, two ascending trendlines (navy coloured lines) from the low of January 2017 are serving as significant support lines for price action. The inner trendline clearly forms an ascending channel with the high of April 2017. Recent price action is within the channel and the bullish candlestick formed last week was towards the distal part of the channel. Further move of price action upward will have to contend with the distal channel line as well as the immediate resistance which is in the 1.32840 area. Should price action break out of the channel northward, a likely target will be the 1.35050 handle. This has held as a significant resistance since August 2016. Failure to break out of the channel is likely to see price action retest the support channel line.
On the H4 time frame, recent price action is parabolic in nature and is susceptible to retracement to an area of value. A likely area to watch will be the 30/61.8 Fib zone of the most recent swing high. This is shown in the khaki coloured rectangle, between 1.29143 and 1.30196.
I maybe wrong. Trade safe and prosper.
KP
The pair has been in a consolidating mode since November 2016. Between November 2016 and March 2017 price action consolidated between 1.19890 and 1.26650. It then moved upwards for another phase of consolidation between 1.26650 and 1.30720.
On the weekly time frame, two ascending trendlines (navy coloured lines) from the low of January 2017 are serving as significant support lines for price action. The inner trendline clearly forms an ascending channel with the high of April 2017. Recent price action is within the channel and the bullish candlestick formed last week was towards the distal part of the channel. Further move of price action upward will have to contend with the distal channel line as well as the immediate resistance which is in the 1.32840 area. Should price action break out of the channel northward, a likely target will be the 1.35050 handle. This has held as a significant resistance since August 2016. Failure to break out of the channel is likely to see price action retest the support channel line.
On the H4 time frame, recent price action is parabolic in nature and is susceptible to retracement to an area of value. A likely area to watch will be the 30/61.8 Fib zone of the most recent swing high. This is shown in the khaki coloured rectangle, between 1.29143 and 1.30196.
I maybe wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
