Cable Update (GBPUSD) | Page 25219 | 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)

  • #504,361
  • Nov 26, 2019 2:04am Nov 26, 2019 2:04am
the drop is here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 34 KB
Click to Enlarge Name: eg.png Size: 29 KB
yes yes yes
  • #504,362
  • Nov 26, 2019 2:04am Nov 26, 2019 2:04am
Quoting Nala66
{quote} I don't really subscribe to this notion of % risk. What is special about 5%? What is the other 95% in the account for? It may as well be in the bank collecting the massive interests the bank pays. If I have to risk $100 to make a potential $1,000 then I will do it irrespective of the $100 being any % of the account. If my trade is wrong I am stopped out very quickly and await the next opportunity I spot. This is the crux of the matter. If the trade is wrong people hold on in a vain hope of it coming good, often it does but in cases like...

I think you're both right, it's just a matter of strategy. I've seen traders who make a living where they're 80-90% accurate on their trades, but they let it go 300 pips...hell even 500 pips against them, they know they're wrong, then they find a way out. I've also seen those trades go from -300 pips into 100 pips, shite RR but if you're 80% right, and you have the account size, and you have a decent understanding of longer term fundamentals...why not?
  • #504,363
  • Nov 26, 2019 2:06am Nov 26, 2019 2:06am
shorts closed.

Now started long in GU
Intraday only.
  • #504,364
  • Nov 26, 2019 2:07am Nov 26, 2019 2:07am
Quoting Ra.
{quote} Well said Nala An interview I listened to a while ago had a trader describe the markets as "The hardest way to make easy money."
So why do you think it’s so hard Ra.? I hold the view that technical analysts is only 10% of trading...I spend most of my time following fundamentals... that is my edge. The chart is just a knee-jerk reaction to news. More than 90% of traders do not know how to even apply fundamentals to their trading. It takes time, and because it’s seen as cumbersome they skip right passed it. Any successful trader I’ve come across has sound fundamentals knowledge behind his/her strategy.

There are no short cuts to success. You need to put in the screen time to educate yourself.

Guz
Charts don't drive price, market conditions drive price...
  • #504,365
  • Nov 26, 2019 2:08am Nov 26, 2019 2:08am
Quoting navk
shorts closed. Now started long in GU
nice bud
i’m adding more shorts
just for a cup of coffee...
  • #504,366
  • Nov 26, 2019 2:09am Nov 26, 2019 2:09am
Quoting akim0895
{quote} nice bud i’m adding more shorts
Intraday only.
  • #504,367
  • Nov 26, 2019 2:09am Nov 26, 2019 2:09am
Quoting Unbiased
Buy GBP but not against USD | Nov 25, 2019 GBP: bullish gartley on GBP/USD and change in trend to bullish. {image} About JPY: JPY has been losing since China Vice Premier Liu He spoke. Therefore, I bought GBP/JPY Here is how I entered buy in GBP/JPY. {image}
Closed at BE.
  • #504,368
  • Nov 26, 2019 2:11am Nov 26, 2019 2:11am
Why is that all my profit i make 70% of the time i make from trading GBPUSD but yet i will go to other pairs loose it and then come back to Gbpusd to recover( and every time i come back i recover),
I think i need to use 80/20 rule, what do you think?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #504,369
  • Nov 26, 2019 2:11am Nov 26, 2019 2:11am
usdx has solid try but not enough yet , need 98.27 h1 close price
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,370
  • Nov 26, 2019 2:16am Nov 26, 2019 2:16am
looks like this time it will crack the 1.286 ish to the down
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #504,371
  • Nov 26, 2019 2:18am Nov 26, 2019 2:18am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 31 KB
yes yes yes
  • #504,373
  • Nov 26, 2019 2:25am Nov 26, 2019 2:25am
Quoting akim0895
{quote} nice bud i’m adding more shorts
I trust you so closed my longs for a small profit.... but for me this is not shorting place.
Attached Image (click to enlarge)
Click to Enlarge Name: Liquidity Soft Solutions.png Size: 79 KB
Intraday only.
  • #504,374
  • Nov 26, 2019 2:26am Nov 26, 2019 2:26am
Back to 2865 support , shorts are whistling in the wind needs to break that and clear the 2823 support to get down to 2768,

As we broke the 2865 upwards yesterday and now we are retesting i would prefer to see it up to 2927 break that which reverses the trend , but still pa giving no clear answers at the moment.

Market structure ,Patience and confirmation result in good trades
Follow The Markets Structure - Patience and Discipline
  • #504,375
  • Nov 26, 2019 2:26am Nov 26, 2019 2:26am
Quoting Guztro
{quote} So why do you think it’s so hard Ra.? I hold the view that technical analysts is only 10% of trading...I spend most of my time following fundamentals... that is my edge. The chart is just a knee-jerk reaction to news. More than 90% of traders do not know how to even apply fundamentals to their trading. It takes time, and because it’s seen as cumbersome they skip right passed it. Any successful trader I’ve come across has sound fundamentals knowledge behind his/her strategy. There are no short cuts to success. You need to put in the screen...
Hey Guztro,

Here's my take on it, as I'm still fairly new to this, and that saying can be open to any kind of interpretation... but in a nutshell:

Forex is a reflection of your self development, greed, and search for knowledge. The knowledge is learned through reflection on the markets, and how you as an individual find your place in it. It requires a level of analysis analogous to a boxer in a ring, knowing what works against your opponent, and what doesn't. Where you're weak, and how to protect yourself from this weakness.. Staying calm and objective, always analyzing the situation, when winning or losing..sometimes having to make a snap decision objectively..

A lot of people who start off that don't have the initial support (i.e the old man/someone you know who's traded a while) to show the ropes, a lot of it is trial and error, compound that with low startup (or even high which makes it worse), the individual starts that road of trial and error, depending how they ingest those lessons along the way, they can internalize it as experience...or losses. That in turn will ultimately reflect in their style of trading and longevity as a trader. This is part of what I classify as the hard part.

I believe a good trader has a quality of self reflection, because objectivity in this field is key, it's through that you develop your edge, which is directly related to you as an individual. We all have ego's but a good trader knows how to keep it in check and respect the markets. Starting off this is a hard pill to swallow.

I comb through this forum and there was one gentleman in the group, he recently passed away eng..something. He stated he traded demo since 15 and once he was 21 he started a live account. From my understanding, he was good, or had promise, that had a lot to do with time, exposure and reflection (of the markets and oneself relative to the markets) that I classify as the 'hard' part. I'm not sure what generation you fall into, but if it's the millennial generation, no offence, but a majority of them are fcked when it comes to focusing on anything longer than an Instagram video.
  • #504,376
  • Nov 26, 2019 2:28am Nov 26, 2019 2:28am
Quoting pipfarm
Back to 2865 support , shorts are whistling in the wind needs to break that and clear the 2823 support to get down to 2768, As we broke the 2865 upwards yesterday and now we are retesting i would prefer to see it up to 2927 break that which reverses the trend , but still pa giving no clear answers at the moment. Market structure ,Patience and confirmation result in good trades
you are right in line with me.

I want to see 2920/30
Intraday only.
  • #504,377
  • Nov 26, 2019 2:30am Nov 26, 2019 2:30am
i go short here 1.2873 sl/40 tp 60
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #504,378
  • Edited 3:10am Nov 26, 2019 2:30am | Edited 3:10am
Quoting Almo2312
looks like this time it will crack the 1.286 ish to the down
possible and in that case it should be gap filling and more to comes up , usdx may not but euro may take revenge today. lets see .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 31 KB
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,379
  • Nov 26, 2019 2:30am Nov 26, 2019 2:30am
Quoting Ra.
{quote} Hey Guztro, Here's my take on it, as I'm still fairly new to this, and that saying can be open to any kind of interpretation... but in a nutshell: Forex is a reflection of your self development, greed, and search for knowledge. The knowledge is learned through reflection on the markets, and how you as an individual find your place in it. It requires a level of analysis analogous to a boxer in a ring, knowing what works against your opponent, and what doesn't. Where you're weak, and how to protect yourself from this weakness.. Staying calm...

Also, I'd love to hear more about fundamentals from you, I believe in both, but started off on more the technical side. Technical for entry, but a combination of fundamentals and tech for mid-long term sentiment (80/20).

What would you say are the pillars of fundamental analysis for USD. I.E inflation rates? CB policy ...obviously elections... but where's a good place in this thread (if any) to look into...any books/sites?
  • #504,380
  • Nov 26, 2019 2:32am Nov 26, 2019 2:32am
sell limit at 1.2887 tp 1.2770 sl is 1.2905 who knows
230 traders viewing now