Cable Update (GBPUSD) | Page 22952 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #459,021
  • Apr 5, 2018 1:44am Apr 5, 2018 1:44am
Is this going to be another winner...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
  • #459,022
  • Apr 5, 2018 1:55am Apr 5, 2018 1:55am
GBP/Usd is still holding above 1.40 level, but bearly. Only break below this psychological level would continue to drag the pair downward.
Trade the news
  • #459,023
  • Apr 5, 2018 1:58am Apr 5, 2018 1:58am
Quoting Nala66
Is this going to be another winner... {image}
Yep done it again though I was not expecting it this morning, thought I was just in it for the scalp. It only came close to stopping me out once.
  • #459,024
  • Apr 5, 2018 2:30am Apr 5, 2018 2:30am
Quoting Ill-b-back
{quote} Will instead wait for a touch near 41 before considering a short. {image} {image}
Leaving it alone
Come with me if you want to live....
  • #459,025
  • Apr 5, 2018 3:15am Apr 5, 2018 3:15am
Can it go down already lol
  • #459,026
  • Apr 5, 2018 3:40am Apr 5, 2018 3:40am
My crystal ball said smooth 200 1minute. Then apply stop if ure into that sort of thing.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20180405_094314.png Size: 35 KB
FREEDOM IS SECURITY.
  • #459,027
  • Apr 5, 2018 3:49am Apr 5, 2018 3:49am
Long day today
  • #459,028
  • Apr 5, 2018 3:50am Apr 5, 2018 3:50am
Quoting hippiedog
My crystal ball said smooth 200 1minute. Then apply stop if ure into that sort of thing. {image}
Sounds like your not into stops then HP?
  • #459,029
  • Apr 5, 2018 4:00am Apr 5, 2018 4:00am
Quoting dean1star
{quote} Sounds like your not into stops then HP?
Hi mate

No i hate them, I only apply them when I'm gambling or unsure. But yes, I do appreciate some people may follow some of my trades so yes for those who not so sure it is advised that when price has become profitable that you can apply a stop.

FREEDOM IS SECURITY.
  • #459,030
  • Apr 5, 2018 4:07am Apr 5, 2018 4:07am
By the way that is not to criticise any trader here who is successful with stops, hats of to you, I am not. I find it overstressed personally.
But eventually it all just came together. And like you said deanstar, you just get to a point after years of trading where it is just a case of lets trade now without to much concern.

But I do prefer to use time.

Inserted Video
FREEDOM IS SECURITY.
  • #459,031
  • Apr 5, 2018 4:13am Apr 5, 2018 4:13am
Quoting hippiedog
By the way that is not to criticise any trader here who is successful with stops, hats of to you, I am not. I find it overstressed personally. But eventually it all just came together. And like you said deanstar, you just get to a point after years of trading where it is just a case of lets trade now without to much concern. But I do prefer to use time. https://youtu.be/4amUUlJdmAY
One thing for sure about trading is that you gotta use what works for you. I thank Hedge Fund Wizards for that important lesson. Rather than trying to follow what others are doing, try finding what works for you!
  • #459,032
  • Apr 5, 2018 4:16am Apr 5, 2018 4:16am
Quoting hippiedog
My crystal ball said smooth 200 1minute. Then apply stop if ure into that sort of thing. {image}
My crystal ball just said in 200yards you have reached your destination.
FREEDOM IS SECURITY.
  • #459,033
  • Apr 5, 2018 4:30am Apr 5, 2018 4:30am
Quoting hippiedog
By the way that is not to criticise any trader here who is successful with stops, hats of to you, I am not. I find it overstressed personally. But eventually it all just came together. And like you said deanstar, you just get to a point after years of trading where it is just a case of lets trade now without to much concern. But I do prefer to use time. https://youtu.be/4amUUlJdmAY
Yep and well said
  • #459,034
  • Apr 5, 2018 4:33am Apr 5, 2018 4:33am
Quoting hippiedog
{quote} https://www.babypips.com/learn/forex/triangles Example: hope it helps. 1) candle + fractal clear of resistance 2) fractal + high 3) retest, will resistance become support? 4) buy stop at potential new support 5) adjust stop 6) adjust stop 7) trade closed in profit {image} {image} {image} {image} {image} {image} {image}
For example this triangle set up.
It is not that they don't work, they are fantastic, but I have a family and I need sleep, so I work to a 24hour period every day from 8pm. I check the charts and with in 5 minutes I have trades running that don't need to be babysat but instead I can get on with my life until 8pm the following day without ANY concern what so ever, but I do love to trade so, here I am
FREEDOM IS SECURITY.
  • #459,035
  • Apr 5, 2018 6:03am Apr 5, 2018 6:03am
Quoting Mr.N
{quote} See this last Bollinger Band line is not coming every day , its strong like moving average 300 Yea its can make a surprise but its will be big one , I see this setup many years and its have a good win rate . Any want its only my opinion * you can see my 3 shorts in the horizontals lines {image}

Quoting Mr.N
{quote} {quote} Update We have a red engulfing candle , its another chance to add short or take new one {image}
UPDATE:

I close all profit in the GBPNZD shorts (sma32)

GBPAUD look good to shrt to 1.8150 by weekly chart

GL HF
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd_end.jpg Size: 96 KB
  • #459,036
  • Edited 6:33am Apr 5, 2018 6:05am | Edited 6:33am
Quoting Nala66
{quote} Rule number one...Never add to losing positions no matter what you think the market will do. Just about everything is wrong with this wing and a prayer stuff, I would be seriously embarrassed to make such a post. One would have to have a very large account to trade at even 10 cents a pip so the returns expressed as a percentage would be minor but the losses would be major. It wastes time also, a week or so in the trade and no return and if the trade is stopped out then the whole thing losses major time and money. Any newbie should take note...
It's also like nala's post.

You see I do agree with what nala wrote. But what if I told you all I very rarely use stops, I always add to losing position and I let trades run for days yet I make on average 200% a month.
It may be hard to take on board. But it is exactly what i do. I sleep when I want, I work from my phone, I spend all my days with my family enjoying walks and fresh air and I don't need to spend hours at the computer screen waiting for that trade to come along. This is all because I chose to find something that works for me. I always tip my toe in the water to begin with, but now that toe alone feeds us all.

Even 200% monthly on a 3000 account is ample, I don't know how this guy lost 10k but for me learning to be patient and compounding was key to growing my account and using stops got in the way of that. Now I can trade what appears to be aggressively and dangerous when in actual fact I have complete control.

For me forex is about bread and butter, and been able to spend time with my family. But like the chap who lost 10k i had my run of bad years to start with. I now value a consistent wage more than a million.

What am I doing now, chilling out on my sofa listening to music reading my favourite forum.
FREEDOM IS SECURITY.
  • #459,037
  • Apr 5, 2018 6:15am Apr 5, 2018 6:15am
Who was the guy who lost 10k, what page is that?
FREEDOM IS SECURITY.
  • #459,038
  • Apr 5, 2018 7:07am Apr 5, 2018 7:07am
Well I for one would never trade without stops, 150 pips would wipe out my account. However this is all relative to the amount you put on a trade, I put it all on in three lots adjusting the stop each time to limit the damage.

A wrong trade should be stopped out unless the amount is so piddling then the winning trade would be the same a piddling amount.

( Whoops just won another, I will post in a minute)

The money in the trading account is for trading and should be limited to what you can comfortably afford to lose. If it is not used for trading then put it in the bank.

A stop allows you the opportunity of losing a little plus the opportunity to get back in the saddle in the right direction.

This is the currency market not the stock market, things happen very quickly and if you were caught on the Swissy a few years ago without a stop you would still be bleeding. Anyway I would not trade without them.

Now here is the last trade also showing on the 1 minute where the entries were and the original stop.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
  • #459,039
  • Apr 5, 2018 7:08am Apr 5, 2018 7:08am
Quoting hippiedog
Who was the guy who lost 10k, what page is that?
I will have a look, 2 or 3 weeks ago from some Arabian place.
  • #459,040
  • Apr 5, 2018 7:13am Apr 5, 2018 7:13am
Quoting Nala66
Well I for one would never trade without stops, 150 pips would wipe out my account. However this is all relative to the amount you put on a trade, I put it all on in three lots adjusting the stop each time to limit the damage. A wrong trade should be stopped out unless the amount is so piddling then the winning trade would be the same a piddling amount. ( Whoops just won another, I will post in a minute) The money in the trading account is for trading and should be limited to what you can comfortably afford to lose. If it is not used for trading...
Ha, yes that swissy was definitely a cure for constipation.

Exactly, 200% monthly with consistent WAGES from account, equals no damage.
FREEDOM IS SECURITY.
372 traders viewing now