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Cable Update (GBPUSD)

  • #513,961
  • Mar 16, 2020 1:57am Mar 16, 2020 1:57am
Quoting DailyChart
Keep selling the more you think it is not possible the more likely it will be
It's a sale alright, all spikes
Compulsions can be hard to resist
  • #513,962
  • Mar 16, 2020 2:00am Mar 16, 2020 2:00am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #513,963
  • Mar 16, 2020 2:02am Mar 16, 2020 2:02am
This market is not about interest rates.
It's not about inherent fundamentals.

It's about crisis and flight to cash.
USD cash
Compulsions can be hard to resist
  • #513,964
  • Mar 16, 2020 2:07am Mar 16, 2020 2:07am
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now...
You are the One. Don't Quit. Only you can know and realise Nirvana...
  • #513,965
  • Mar 16, 2020 2:22am Mar 16, 2020 2:22am
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex...... high. Thanks
You gotta think long and hard if trading forex is really for you or not.
Do you have what it takes when it come to risk/money management...and all other things mentioned by others.
There will be days/weeks/months that you will make money and/or lose money.
Personally, I used to lose a lot week in/week out. Almost quit until I realized that I'm better off trying to gain 20-40 pips daily and then PUSHING MYSELF AWAY FROM THE DESK. This minimizes my loss and allows me to keep my gains. I also realize that big trade moves do not happen everytime so I'm better off carving away profits.
Lost....
  • #513,966
  • Mar 16, 2020 2:25am Mar 16, 2020 2:25am
go long

2350
in wondering about yourself, you forgot what you came here to be part of
  • #513,967
  • Mar 16, 2020 2:26am Mar 16, 2020 2:26am
Quoting falgun196
{quote} You are the One. Don't Quit. Only you can know and realise Nirvana...
cheering someone on to keep going when they are 70k in the hole is enabling an addiction.
in wondering about yourself, you forgot what you came here to be part of
  • #513,968
  • Mar 16, 2020 2:38am Mar 16, 2020 2:38am
Quoting knkie
{quote} cheering someone on to keep going when they are 70k in the hole is enabling an addiction.
Many people want to be Formula 1 drivers, CFOs, or MMA fighters but they don't have the necessary skills, psychology, or aptitude to be one.
Lost....
  • #513,969
  • Mar 16, 2020 2:58am Mar 16, 2020 2:58am
Quoting gespiri
{quote} Many people want to be Formula 1 drivers, CFOs, or MMA fighters but they don't have the necessary skills, psychology, or aptitude to be one.
agreed
our society has created a meme that if you just try hard enough you can be whatever you want.
Now we have a generation of Vlogger-wannabe's.
They used to want to all be NBA stars, but now its vlogging.
in wondering about yourself, you forgot what you came here to be part of
  • #513,970
  • Mar 16, 2020 3:07am Mar 16, 2020 3:07am
I don't think we will get any strong bounce before hitting 1.2160
  • #513,971
  • Mar 16, 2020 3:11am Mar 16, 2020 3:11am
its not just about rates ,as its more complex ,much more than cash
explain further why such focus on $ cash
one of the biggest things is how the virus spread,

Quoting trumps
This market is not about interest rates. It's not about inherent fundamentals. It's about crisis and flight to cash. USD cash
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,972
  • Mar 16, 2020 3:16am Mar 16, 2020 3:16am
I've thought it through and the only answer is if US shuts any major city its $ bearish, but we are talking unheard of ?
then also its developing elsewhere at the same time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,973
  • Mar 16, 2020 3:21am Mar 16, 2020 3:21am
without doubt your going to see a big spike in numbers in the US as testing comes online ,
Trump went from "flu virus" to "national emergency"
from it will be "0 soon" to nearly 4k
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,974
  • Mar 16, 2020 3:26am Mar 16, 2020 3:26am
technically the open is very important to me
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,975
  • Mar 16, 2020 3:27am Mar 16, 2020 3:27am
This is a good example......sold 1.23295 TP 1.2293 = 36 pips
On 5 lots, that's a little over $1,500 in less than 3 min. I'm done for now until I see another opportunity for 20-30 pips.
Many made 20k + last week.....congrats to them, but that's not part of my business plan.
Repeat again and again until your account size gets to a certain point. My plan is to be able to trade 50 lots/day.
Lost....
  • #513,976
  • Mar 16, 2020 3:33am Mar 16, 2020 3:33am
The probability of downward movement for now is low.
Check PA
Patience.....
  • #513,977
  • Mar 16, 2020 4:12am Mar 16, 2020 4:12am
Quoting Bones
its not just about rates ,as its more complex ,much more than cash explain further why such focus on $ cash one of the biggest things is how the virus spread, {quote}
We just had our biggest stock market daily loss in history over here. This virus will impact so many economies.
People getting out of the stock market and into cash.
USD is the main recipient of flight to safety.
Compulsions can be hard to resist
  • #513,978
  • Mar 16, 2020 4:16am Mar 16, 2020 4:16am
For example, USD jumped up about 300 pips last week while market tanked down.
Compulsions can be hard to resist
  • #513,979
  • Mar 16, 2020 4:20am Mar 16, 2020 4:20am
Bought 1.2320 SL -10 TP 1.23555
Lost....
  • #513,980
  • Mar 16, 2020 4:35am Mar 16, 2020 4:35am
Quoting Fredo219
The probability of downward movement for now is low. Check PA
I was wrong .
I don't trade on Mondays tho.
Patience.....
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