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Cable Update (GBPUSD)

  • #517,721
  • Apr 24, 2020 8:38am Apr 24, 2020 8:38am
Quoting Bartosz77
{quote} It would be a little bit lower... 1.2406
Yes definitely a target hit a number of times on the 4 hour....but 4 hour R3 comes in at 2413....

Right now it doesn't look as if there is going to be much more upside today unless there's some sort of news to give it a boost...
Don't Leave Money on the Table
  • #517,722
  • Apr 24, 2020 8:39am Apr 24, 2020 8:39am
only placed 4 trades today, +1% can hardly see anything i wanna get in you know... i know i am for very small quantity pips but still nothing catching my eye, may have to sit this one out which is a shame, great green week this week would of just been nice to end with some fore £££ haha
  • #517,723
  • Apr 24, 2020 8:40am Apr 24, 2020 8:40am
Quoting Moty
{quote} no , i aiming for at least 1.09060 , adr for sunday for the last weeks is 65 pips . {image} {image}
Moty - I mentioned your post about GBPUSD nor EURUSD...
WT
  • #517,724
  • Apr 24, 2020 8:42am Apr 24, 2020 8:42am
Quoting Bartosz77
{quote} I think this industry is VERY newbie "friendly". This is the sector of players that the industry profits from...
oh for sure, sadly its a large part of this industry is new ones joining and breaking in under 3 months id say, people just aren't patient, people want big money with small capitals... id pick small consistent gains and proper risk management over big wins here and there any day of the week.

The forex market offers more opportunity for fast financial success — and financial ruin — than almost any other market. The get-rich crowd has always been attracted to it. This crowd includes speculators, trading novices, retirees, and professionals looking for a way to get out of debt, increase the excitement in their lives, or simply get rich really fast.
These are the people who you will be taking money away from. These are the people who will be eaten by the bear. You don’t have to outrun the bear (the entire market). In fact, that’s impossible. You can’t beat the entire market. Those of you who try will learn fast that the market has no mercy, can outrun anyone, and shows no mercy.
  • #517,725
  • Apr 24, 2020 8:43am Apr 24, 2020 8:43am
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Mmm not moving . Watch any longs they don’t pull the rug
  • #517,726
  • Apr 24, 2020 8:53am Apr 24, 2020 8:53am
one week looking at graphics and writing a thesis really makes the head dizzy, especially moving like this. waiting for a moment, maybe going to the beach is the best solution... Im out
  • #517,727
  • Apr 24, 2020 8:53am Apr 24, 2020 8:53am
last trade, flew into profit, too tight tp lol flew down to 350 , anyway calling it there
Attached Image
  • #517,728
  • Apr 24, 2020 8:53am Apr 24, 2020 8:53am
Quoting joesherwood
last trade, flew into profit, too tight tp lol flew down to 350 , anyway calling it there {image}
didnt even had time to put sl
  • #517,729
  • Apr 24, 2020 8:54am Apr 24, 2020 8:54am
Short trade engaged
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Watch me trade Live on YouTube
  • #517,730
  • Apr 24, 2020 9:05am Apr 24, 2020 9:05am
Nice 5min bearish thrust candle out of the triangle...today'ws range so fart still subdued compared with the avearges......wonder whethger thgis is it going into the w/e or will we see more downside?...already given back 61.8% of the upmove today from today's current lo-hi.


5min below
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Trader with an Edge.
  • #517,731
  • Apr 24, 2020 9:07am Apr 24, 2020 9:07am
3225 8 pip stop bullying
  • #517,732
  • Apr 24, 2020 9:18am Apr 24, 2020 9:18am
Quoting sunnym
Short trade engaged {image}
Be good if you can post your set up a couple of times before the trade happens, then would know if those indicators are genuine???
Please don't be offended by this just that many times traders post trades after the fact but the skill is in posting before the fact
Don't Leave Money on the Table
  • #517,733
  • Apr 24, 2020 9:44am Apr 24, 2020 9:44am
As i posted yesterday , the area marked reverses the trend from the correction, you might have had other trades from lower tfs, good luck

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Follow The Markets Structure - Patience and Discipline
  • #517,734
  • Edited 10:23am Apr 24, 2020 9:57am | Edited 10:23am
game over for gu
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yes yes yes
  • #517,735
  • Apr 24, 2020 10:28am Apr 24, 2020 10:28am
time for the weekend, didn't trade Monday, after a great Tuesday and BE on Wednesday we finished nicely in the green to end the week, nice week all, catch u later

trade safe and stay safe
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  • #517,736
  • Apr 24, 2020 11:12am Apr 24, 2020 11:12am
Quoting joesherwood
time for the weekend, didn't trade Monday, after a great Tuesday and BE on Wednesday we finished nicely in the green to end the week, nice week all, catch u later trade safe and stay safe {image}
well done.

My returns are 18 % this week.

And I just submitted my withdrawal req. too.

Intraday only.
  • #517,737
  • Apr 24, 2020 11:30am Apr 24, 2020 11:30am
epic moves today, another great day of obvious trades i.e none
  • #517,738
  • Apr 24, 2020 12:04pm Apr 24, 2020 12:04pm
Quoting HaLBot
{quote} Yeah it looks that way to me but being cautious here as I don't want someone inexperienced to lose money on my ideas and anything can happen on opening next week sending Cable down 100, 200 or 300 pips... 'Confirmation bias' is known phenomenon that causes people to make rash or devastating decisions to their wellbeing, financial or otherwise. I see it all the time here when traders put on trades that are counter to what's happening and won't stop themselves......Yes in 500 pips time it'll turn around and head your way, hope you hedged that...
I exited higher and got back in around 1.2450, no worries on the hedge, I only hedge bigger lot orders, w/ .01 orders risk is quite limited, even if we get a panic run back to 1.15, head back to 1.15xx and ill come up off some lots.
  • #517,739
  • Apr 24, 2020 12:15pm Apr 24, 2020 12:15pm
Quoting navk
{quote} well done. My returns are 18 % this week. And I just submitted my withdrawal req. too.
great stuff navk, we all winning!

wish I traded a day trade, last night I put my analysis in this chat of where I think short would go, and it ended in 60+ pips throughout the night, but there we go, plenty more days ahead to focus on, great stuff on 18%!! i ended with 13.5%.

it was because of Tuesday, I had a killer day, +9.2% if I remember correctly, time to chill now

take it easy
  • #517,740
  • Apr 24, 2020 12:19pm Apr 24, 2020 12:19pm
Quoting joesherwood
{quote} great stuff navk, we all winning! wish I traded a day trade, last night I put my analysis in this chat of where I think short would go, and it ended in 60+ pips throughout the night, but there we go, plenty more days ahead to focus on, great stuff on 18%!! i ended with 13.5%. it was because of Tuesday, I had a killer day, +9.2% if I remember correctly, time to chill now take it easy
On an average 2 % per day, is really great. In a year time, you will be very rich.
Intraday only.
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