Feels like there's going to be a pullback till 1.27 where then it'll be bullish to 1.31! Hope so xx
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Disliked{quote} https://myfxspot.com/forex-strategie...-way-to-target This bullish TA and forecast were published on April. 12. 2018 after which GBPUSD went up only 80 pips followed by 1900 pips down trend with almost no significant bounces. Not enough? Research yourself.Ignored
DislikedFeels like there's going to be a pullback till 1.27 where then it'll be bullish to 1.31! Hope so xxIgnored
Disliked{quote} What on earth makes you think those bulls are still trapped in those positions? I read analysis from that site of going long from 1.4010 with an initial SL of 1.39 (raised to 1.4070 once in profit). Can you clarify what makes you believe they are stil holding their positions.Ignored
DislikedUnfortunately for now is going up. Then the vote, no confidence motion and new election and we will go down to 1.20!Ignored
Disliked{quote} https://myfxspot.com/forex-strategie...-way-to-target This bullish TA and forecast were published on April. 12. 2018 after which GBPUSD went up only 80 pips followed by 1900 pips down trend with almost no significant bounces. Not enough? Research yourself.Ignored
Disliked{quote} The April 12 publication was an update on a long position entered earlier at 1.4010., I've checked my chart and it was a good trade, going beyond their 4270 tp after April 12.Ignored
Disliked{quote} Good trade for you? Good for you. But speak for yourself please. You don’t know how good that trade was for the majority of the retailers. As we both know the majority of the retailers (95%) are always against the trend. 16% of them manage to recover, which results in 78% of all retailers consistently losing money to the market movers.Ignored
Disliked{quote} What? It wasn't MY trade. You cited a specific trade example as a losing trade, and I simply showed you the example actually reached take profit as a winning trade. I'm long targetting 1.33 by the way.Ignored
Disliked{quote} Ok then. Problem solved. i am hedging by the way and don’t really care much where GU will go. My short hedge is somewhat bigger, but there will enormous spikes and wherever it spikes I’ll make bucks. And more buck on the bouncingIgnored
Disliked{quote} I wish you all the best closing out 1 position on a favourable spike, leaving the other position exposed. Could never make any money on negative hedges myself, prob because I over leveraged. All the best.Ignored
Disliked{quote} Yes hedging is a tricky approach. But ones you find the way to manage your hedges it becomes quite profitable strategy. Try to replace your stop loss with a hedge pending order. You’ll see how sweet that moment is when your pending minus locks instead of losing it because the SL. At the beginning of a retrace take profit from the hedge and then recover you primary position during the bounce back. That’s it. Good luck to you tooIgnored
Disliked{quote} Sounds easy. What if it doesn't retrace enough to recover your initial trade before continuing on it's way against it? Is final SL just below the recent turning point for the retrace? Or do you place another hedge?Ignored
Disliked{quote} Yes there’s always probability of the price going agains you. In case it doesn’t fully retrace I place another hedge. In such situation your pending minus gets at least smaller. The tricky part is to know where to take profit and where to put another hedge. I always follow the PA and candlestick patterns. This approach never fails mate. Trust me. Believe it or not I make 3% in average every trading day. Look at my signature. This is not just something I write for fun. This is true. Good luckIgnored
Disliked{quote} Yes hedging is a tricky approach. But ones you find the way to manage your hedges it becomes quite profitable strategy. Try to replace your stop loss with a hedge pending order. You’ll see how sweet that moment is when your pending minus locks instead of losing it because the SL. At the beginning of a retrace take profit from the hedge and then recover you primary position during the bounce back. That’s it. Good luck to you tooIgnored