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Cable Update (GBPUSD)

  • #494,941
  • Sep 26, 2019 7:41am Sep 26, 2019 7:41am
very clear here
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  • #494,942
  • Sep 26, 2019 7:44am Sep 26, 2019 7:44am
Quoting Coreg2004
{quote} Han2019, it was very good try with potential for 25 pips unfortunately market made extension in W_5 (that's how I see it) {image}
Looks like bears might make a come back to me, so gonna hold onto the shorts and ride it, will see how it react at 1.23 level, Carney also speaking in an hour's time, will make the call to close the trades closer to the time.
  • #494,943
  • Sep 26, 2019 7:49am Sep 26, 2019 7:49am
Quoting SCopier
very clear here {image}
this thing may jump.
Lots of signals.

you might be right, i dont think its so clear.
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in wondering about yourself, you forgot what you came here to be part of
  • #494,944
  • Sep 26, 2019 7:52am Sep 26, 2019 7:52am
long @ 1.2344

sl 30 pip
tp open
  • #494,945
  • Sep 26, 2019 7:53am Sep 26, 2019 7:53am
Quoting knkie
{quote} closed the longs. Its a scary trade causei still think the day direction is down. good day till now though: +32, -8, +12, +6
Don't mean to offend you there M8 but to me pips mean nothing, I got jack of the web based trading platforms shenanigans so I withdrew most of my capital and just left $255.00 in yesterday. Had no chance of taking advantage of big dump yesterday as was like wrestling a gorilla LOL
But today I came back to it as well as trading my MT4 platform again and on web based platform turned $255.00 into $545.00 so that's almost 215%
So saying what percentage gain you've achieved actually means something. I could say I've made 100 pips trading 0.01 position but doesn't really mean I made much money
As I said hope your not offended Bro but I just want to make that point and really that applies to all traders, otherwise what is the point trading to make small amounts of money? Your time(royal you) if people are honest with themselves is worth way more than making small bits of money trading tiny lots....
For me this is my future and within the year I'll be doing this professionally, unless I hook up with some rich babe and be forced to endure a permanent life of obscene luxury....
Don't Leave Money on the Table
  • #494,946
  • Sep 26, 2019 8:01am Sep 26, 2019 8:01am
Quoting HaLBot
{quote} Don't mean to offend you there M8 but to me pips mean nothing, I got jack of the web based trading platforms shenanigans so I withdrew most of my capital and just left $255.00 in yesterday. Had no chance of taking advantage of big dump yesterday as was like wrestling a gorilla LOL But today I came back to it as well as trading my MT4 platform again and on web based platform turned $255.00 into $545.00 so that's almost 215% So saying what percentage gain you've achieved actually means something. I could say I've made 100 pips trading 0.01...
no offense at all.
I think you just made the point of why i dont psot $$ but post pips:
how much money you make says nothing about your expertise
If you make 1000 $ but have an account of 200k, whereas another trader makes 1000 $$ with a 10k account, id say the 2nd trader is way better.
Id rather listen to a 0.1 lot trader who knows what he is doing than a big money maker who is just lucky.

The only Objective measure we have to compare different traders is the pip count.
Publishing $$ is just narcissist behaviour. Men with low self esteem tend to do this alot.

and im a private person. I really dont want you to know my account size.
in wondering about yourself, you forgot what you came here to be part of
  • #494,947
  • Sep 26, 2019 8:03am Sep 26, 2019 8:03am
BUY 1.2349
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in wondering about yourself, you forgot what you came here to be part of
  • #494,948
  • Sep 26, 2019 8:08am Sep 26, 2019 8:08am
Quoting knkie
{quote} no offense at all. I think you just made the point of why i dont psot $$ but post pips: how much money you make says nothing about your expertise If you make 1000 $ but have an account of 200k, whereas another trader makes 1000 $$ with a 10k account, id say the 2nd trader is way better. Id rather listen to a 0.1 lot trader who knows what he is doing than a big money maker who is just lucky. The only Objective measure we have to compare different traders is the pip count. Publishing $$ is just narcissist behaviour. Men with low self esteem...
I think your missing the point, but that's okay
If a guy is a very good trader but only trades 0.01 lots....WHY????
As I said your time is worth way more than what most people will ever realise!
Don't Leave Money on the Table
  • #494,949
  • Sep 26, 2019 8:15am Sep 26, 2019 8:15am
Quoting Han2019
{quote} Looks like bears might make a come back to me, so gonna hold onto the shorts and ride it, will see how it react at 1.23 level, Carney also speaking in an hour's time, will make the call to close the trades closer to the time.
Han2019 I am a big believer in preparation and trading the plan devised on own methodology...you know what suits you the best, of course asking the questions is always useful, that's what we are here for- interaction.
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Always trade your own plan...I don't provide trading signals.
  • #494,950
  • Sep 26, 2019 8:16am Sep 26, 2019 8:16am
Quoting HaLBot
{quote} I think your missing the point, but that's okay If a guy is a very good trader but only trades 0.01 lots....WHY???? As I said your time is worth way more than what most people will ever realise!
lol
i get the point.
the answer is money management.
The 0.01 trader is very smart if his MM only allows that size.
But it says nothing about how good a trader he is.
In fact: if this trader's M only allows 0.01 and he is trading a full lot, he is risking way too much and he is actually a very bad trader.

there are numerous examples of such gambling behaviour on this thread.

hope this helps, and otherwise we just think differently
in wondering about yourself, you forgot what you came here to be part of
  • #494,951
  • Sep 26, 2019 8:18am Sep 26, 2019 8:18am
Quoting knkie
{quote} lol i get the point. the answer is money management. The 0.01 trader is very smart if his MM only allows that size. But it says nothing about how good a trader he is. In fact: if this trader's M only allows 0.01 and he is trading a full lot, he is risking way too much and he is actually a very bad trader. there are numerous examples of such gambling behaviour on this thread. hope this helps, and otherwise we just think differently
Don't Leave Money on the Table
  • #494,952
  • Sep 26, 2019 8:41am Sep 26, 2019 8:41am
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yes yes yes
  • #494,953
  • Sep 26, 2019 9:01am Sep 26, 2019 9:01am
Fckuing bull trap. Selling higher.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #494,954
  • Sep 26, 2019 9:01am Sep 26, 2019 9:01am
long !!!
omg , they play me like a little girl
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yes yes yes
  • #494,955
  • Sep 26, 2019 9:03am Sep 26, 2019 9:03am
ABCD complete right in the extension zone, old C becomes new A waiting for correction point B where could that go well 61.8 ties in nicely with previous structure swing point. Then will be selling from point C

If price retraces back 100 percent then we could be and more than likely have a stop hunt to the high on the head which would create a second retest double top on the daily.

Simple
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  • #494,956
  • Sep 26, 2019 9:17am Sep 26, 2019 9:17am
GU will likely roll over soon. Move in the making. 2280//2290 valid target for bears. slow progress, but setup takes time.
  • #494,957
  • Sep 26, 2019 9:18am Sep 26, 2019 9:18am
Quoting Moty
long !!! omg , they play me like a little girl {image}
if you are flipping back and forth you have lost the overview and its better to walk away for a bit.
in wondering about yourself, you forgot what you came here to be part of
  • #494,958
  • Sep 26, 2019 9:19am Sep 26, 2019 9:19am
SELL 2343 (pending)

closed my long with BE

short triggerd. look out below.
in wondering about yourself, you forgot what you came here to be part of
  • #494,959
  • Sep 26, 2019 9:20am Sep 26, 2019 9:20am
closed for + 9 pips and waiting on sidelines
  • #494,960
  • Sep 26, 2019 9:23am Sep 26, 2019 9:23am
shorting 1.2342
Don't trade what you think. Just what you see!!!
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