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Cable Update (GBPUSD)

  • #512,521
  • Feb 25, 2020 6:50pm Feb 25, 2020 6:50pm
To retrace down close to 2980 then up to 3040 in London then retrace...... this is for today.
Intraday only.
  • #512,522
  • Feb 25, 2020 8:15pm Feb 25, 2020 8:15pm
My vision
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  • #512,523
  • Feb 26, 2020 12:03am Feb 26, 2020 12:03am
Attachment gAttachment gAttachment g
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yes yes yes
  • #512,524
  • Feb 26, 2020 12:14am Feb 26, 2020 12:14am
Quoting Moty
Worst case scenario, I'll go out with 40 pips as now at the pull Back to the break point tomorrow morning, or i will go out at 70 if the price goes up again. either way , Shame on me for missing this canal {image} {image} {image} {image}
Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities.
We always want that jackpot trade but it doesn't come often realistically.
If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
Lost....
  • #512,525
  • Feb 26, 2020 12:42am Feb 26, 2020 12:42am
if you can do that you may as well go 10 lots, Ferraris aren't cheap to run

Quoting gespiri
{quote} Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities. We always want that jackpot trade but it doesn't come often realistically. If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,526
  • Feb 26, 2020 12:46am Feb 26, 2020 12:46am
Quoting gespiri
{quote} Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities. We always want that jackpot trade but it doesn't come often realistically. If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
its about mm bro
  • #512,527
  • Feb 26, 2020 12:53am Feb 26, 2020 12:53am
im not a pattern guy but

Quoting Moty
356351835635193563520 {image} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,528
  • Feb 26, 2020 12:55am Feb 26, 2020 12:55am
Quoting gespiri
{quote} Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities. We always want that jackpot trade but it doesn't come often realistically. If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
Yes you are right, I was griddy, I aimed to daily R3, and I always tell myself to take 5-10 pips less than the target but never perform.
It was annoying that in the morning I hinted to myself at the possibility of this channel.
Anyway, I believe we will see a new high today and a strong upward movement
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yes yes yes
  • #512,529
  • Feb 26, 2020 1:01am Feb 26, 2020 1:01am
Quoting Bones
if you can do that you may as well go 10 lots, Ferraris aren't cheap to run {quote}
I agree.....but you need to build up your account to around $200k in order to comfortably trade 10 lots.
Lost....
  • #512,530
  • Feb 26, 2020 1:02am Feb 26, 2020 1:02am
Quoting corongumet
{quote} its about mm bro
I also agree.
MM is also about taking profits off the table and learning when to step away for the day.
Most of us here are just glued to the screens without a daily target and are just hoping, IMHO.
Lost....
  • #512,531
  • Feb 26, 2020 1:05am Feb 26, 2020 1:05am
Look at the current PA.
Price hit the daily PP at 1.2977. I have a pending buy at 1.2973 target 1.3005 if hit. My SL is always -10 which means my analysis is incorrect.
There are two windows in this pair...very important to remember: 0800-1130 and 1500-1800. The period in between most of the time is a dead zone and I normally avoid it after taking profits (if any) from the morning session.
Lost....
  • #512,532
  • Feb 26, 2020 1:07am Feb 26, 2020 1:07am
perfect pattern

Quoting Moty
{quote} Yes you are right, I was griddy, I aimed to daily R3, and I always tell myself to take 5-10 pips less than the target but never perform. It was annoying that in the morning I hinted to myself at the possibility of this channel. Anyway, I believe we will see a new high today and a strong upward movement {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,533
  • Feb 26, 2020 1:08am Feb 26, 2020 1:08am
money management and philological pressure ,there the hardest
the higher you go the harder it gets

Quoting Moty
{quote} Yes you are right, I was griddy, I aimed to daily R3, and I always tell myself to take 5-10 pips less than the target but never perform. It was annoying that in the morning I hinted to myself at the possibility of this channel. Anyway, I believe we will see a new high today and a strong upward movement {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,534
  • Feb 26, 2020 1:13am Feb 26, 2020 1:13am
Oh! So sweet imaginary work

No trader I know make profit daily except on Excel Spreed Sheet. He could as ever lose $20k a month.

Almost every dangerous traders I know here has either closed shop or readjust their risk.


Quoting gespiri
{quote} Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities. We always want that jackpot trade but it doesn't come often realistically. If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
  • #512,535
  • Feb 26, 2020 1:14am Feb 26, 2020 1:14am
Quoting gespiri
{quote} Moty, with all due respect and some unsolicited advice, why not bag your 20-40 pips daily and wait for another setup another day? There will always be opportunities. We always want that jackpot trade but it doesn't come often realistically. If you're trading 5 lots, for example, a 22pip move will yield you $1k already. That's $20k a month working 2-3 hours a day....
That is exactly I do
Intraday only.
  • #512,536
  • Feb 26, 2020 1:19am Feb 26, 2020 1:19am
Quoting gespiri
{quote} I also agree. MM is also about taking profits off the table and learning when to step away for the day. Most of us here are just glued to the screens without a daily target and are just hoping, IMHO.
Yes I agree, I don't always look at charts, my target is 450-750 in 2 orders. so if it's not met, then it's not my day, and I'm out of the market
  • #512,537
  • Feb 26, 2020 1:19am Feb 26, 2020 1:19am
Down
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  • #512,538
  • Feb 26, 2020 1:41am Feb 26, 2020 1:41am
Quoting stirmatt
Oh! So sweet imaginary work No trader I know make profit daily except on Excel Spreed Sheet. He could as ever lose $20k a month. Almost every dangerous traders I know here has either closed shop or readjust their risk. {quote}
I didn't say I profit everyday which is why I have a -10SL.
But if you can win 80% of your trades by being prudent, then that's a good result.
Lost....
  • #512,539
  • Feb 26, 2020 1:49am Feb 26, 2020 1:49am
Looking at hourly and RangeBar5 with COG.
That MIGHT be the bottom level for today. We'll see. SL at -10 whichever I level I get around there.
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Lost....
  • #512,540
  • Feb 26, 2020 1:57am Feb 26, 2020 1:57am
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yes yes yes
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