Cable Update (GBPUSD)

Thank you I have been curious about algorithmic systems. I don’t use any indicators. Ive read some about these indicators from what I’ve read ichimoku probably the best. I also focus on H4 and up.

GU sideway for now, range about 70 pips. IMO

The H1 chart says...long..1st target 2148...then 2172...SL 2105

Hi Moty, do you mind sharing what are those yellow boxes? They seem to be able to tell me the future

those are the range of the 2 hours before london open , between 6:00 to 9:00 cet .
useally the low or the high of the day are detarmine at those hore .

Losing is just Part of the Game.
Losing is part of the process. A trader needs to understand that to be successful. ~ Linda Raschke
There is a common misconception among new traders, which is that in order to make money trading, you have to find a strategy that will almost never lose. They’re basically trying really hard to avoid losses altogether.
This will lead them to go and search for an elusive Holy Grail, a system that has an insanely high win/loss ratio (A.K.A. win rate).
The reality is that the very best traders out there have a win/loss ratio of about 50%, meaning that when they get in a trade, the trade is as likely to be a loser than to be a winner.

1. Mark Minervini, a trader who turned a couple of thousand dollars into several million and also won the US investing championship has a win/loss ratio of 50%.
2. Peter Brandt, a trader who was featured in the best-selling book “Market Wizards” has a historical win/loss ratio of less than 50%.He actually assumes every trades he takes will be losers.

Yes, losing trades are part of the trading game. They just cannot be avoided.
If anyone on earth was always right, he would have become the richest man on the planet in no time. It just doesn’t exist.
The impact of not accepting losers.
Our natural loss aversion bias makes it very difficult for us to succeed as traders.
We’ve seen in the previous post Loss Aversion – Cut Losses Short & Let Winners Run how it leads to letting small losses snowball into big ones, and how it makes it difficult to let winning trades run.
It also leads to a plethora of other mistakes such as taking revenge trades, adding to losing trades, being scared of taking new trades, risking on too much or too little…
What it means to truly accept losses.
Many traders say they are aware that losses are part of the game. Yet just only a few have really accepted that fact.

1. Think of the last time you were in a losing trade or in a losing streak, and try to recall how uncomfortable it felt.
2. Think of the last time you were in a trade that went up really fast and how scared you were to give some profits back.

It all comes down to feelings and emotions.
If you really want to let the expected value of your trading strategy unfold, you must be able to control yourself, to control your thoughts and your focus.
Really accepting losses means that you are in control of your thoughts, feelings, and emotions.
When you are in control, you have the power to not let losses affect you in a destructive way.
When you are in control, you can direct your focus from the outcome of a trade to simply executing your strategy and following your trading plan.
All in all, when you are in control, you basically can become the best trader you can be.
This is why psychology is so important in trading.
If you really can master yourself, you have the potential to master any winning trading strategy out there.

http://tradingcomposure.com/losing-i...-trading-game/

Thank you! i will have fun exploring this and see what i can learn from observing the relation of GU to this

short 4H pinbar, targeting 35 pips, stop at be already

good morning everyone ... I'm waiting for pulback to my buy..

Long SL 2110

Good Morning Marcieny...

I still can't sleep lol ... I'm very happy with my red symbol ... it appeared out of nowhere ... I have alredy 7 months of FF

Touch 2090?

some support here around 2120

The bulls are waiting for lo

Look close to 2095 for long

Hi Guys,

I have a sneaky suspicion they want to push this thing lower again. The round number 1.2100 could be tested and possible bounce from there. Failing my weekly support 1 at 1.20581 could be tested. I will lock this trade in as soon as I can.
Trade safe.
Cheers.

at weekly pivot. If London open below the yesterday\s low, could it be a good short idea

Hello dear
what these black lines represent in your chart.