Cable Update (GBPUSD)

And one has to deliver what one promise
Online Addictus posterus No.8

Probably younger than me. Too much energy daytrading

ha ha
enough for today️
waiting make us boring mate..

The GU started dropping too fast for my blood and started pooling so I decided to get out even though I know it looks like it will continue its way down. The PA is about where I got out. I should have gotten when the gap closed. Oh well... what's a guy to do. Hopefully it will consolidate which let's me know where to place my positions.

for me there is a shopping zone.1.2780.
I hope it will be.

I'm thinking in this condition.

EURGBP = Down

GBPUSD = Up

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GBP/Usd started the week with a bearish gap and downward movements continue on Brexit disappointment. In the H4 chart, the pair is consolidating around 1.2840 before the further decline as long as the Irish border problem stays unsolved.

just before christmas 1.3723

21st dic. red line crossing black line right hand side up

Are you a new member with another name ???

I have been away for the afternoon and my stops are taken out some win some lose !!! But look at the candles . Why ??? If you can draw in the 4 hour chart I think it will make a pennant shape. So look to trade on that

evening and morning all traders️
2085 still holding..
maybe london open will drop some more

See I was completely wrong in sticking my neck out and 'thinking' the trade over the weekend. I said a bull bar for the daily for Monday.

Thinking does not work. it is at best just a 50/50 guess and does not, never has nor never will constitute evidence.

If you find yourself saying "I Think" instead of saying "The evidence shows" then you are putting yourself at risk each and every time you do it.

The lines we put on our charts vary from payer to player and should never be regarded as concrete walls, they are simply lines in the sand where we may take some form of action.

All targets fail at some point, the trick is to recognise where these fail points are and wait then for the supporting evidence. We don't have to catch the exact tops or bottoms, the journey is where the profit is. Making hay when the sun shines is about compounding your winnings not sitting back and doing nothing, sometimes we have to take a trade against ourselves in the form of a hedge to serve both as added profit and protection from loss of profit.

Look through as many of the posts and in any of the forums here and you will find thousands of theories based on little more than speculation. Some may work some may not so at best you have a 50/50 chance of picking the right so called system but then systems are only a part of the story so your odds decrease dramatically from here on in finding something that works for you.

Trading is the simplest thing in the world to do, all that is required is the ability to press a button. Learning when to press that button at the correct place is where people tend to have a problem. Why is that? I can't answer that because I don't know what other people have in mind. I can only say when I see something posted it either supports or defies the evidence I see myself.

There are far more times when trades should not be taken. It is not a question of 'you have to be in it to win it', timing is critical and it is the most common place to be stopped out for a loss so if we enter with a small trade we can reduce the loss to a minimum. Then as the trade begins to work out we can add more and so on each time moving the stops because when push comes to shove we should be rolling with the punches to limit the damage and then punching back to gain the advantage.

The rules are very simple...
Do's
When trading below the average it is going down so look to sell the pullbacks
When trading above the average it is going up so buy the pullbacks.

Don'ts
Defy the evidence
Add to losses

Amen

Get stop out + 60 pips

nice mate
too early to entry again
let have some coffee and music️

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Sell - 1.2860

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good morning all traders

Have you jump in to long?

sold GU 2871/74