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Cable Update (GBPUSD)

  • #520,801
  • May 15, 2020 5:58pm May 15, 2020 5:58pm
Quoting silolo
Lost 80% of my account. Really wish someone can assist me with $200. Not for trading
Dear friend,
You can recover your account with the same 20%
Do not worry
The only condition is money management And be patient

good luck
  • #520,802
  • May 15, 2020 6:38pm May 15, 2020 6:38pm
So far the cable train has only just left the station heading south.
Good luck to all.
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  • #520,803
  • May 15, 2020 6:52pm May 15, 2020 6:52pm
Quoting OnlineAddict
Easy buy...many retail newbs scared into selling into eternity, so it will go up. Possible gap up, too.
Forex Factory statistics page show retail traders are majority long.
Compulsions can be hard to resist
  • #520,804
  • May 15, 2020 6:59pm May 15, 2020 6:59pm
Anyone know how long will the posts from junior member moderated? thanks
  • #520,805
  • Edited 7:25pm May 15, 2020 7:04pm | Edited 7:25pm
Quoting silolo
Lost 80% of my account. Really wish someone can assist me with $200. Not for trading
Maybe you can check the member postings with accurate signal then follow it. I like the signal from almo2312, akim0895, moty (sometimes he was right), and the other great trader here but i can tell you the most important thing in trading is money management so please be careful don't overtrade in lot size and frequency, keep learning never give up
  • #520,806
  • May 15, 2020 7:42pm May 15, 2020 7:42pm
Quoting trumps
{quote} Forex Factory statistics page show retail traders are majority long.
Big push down expected to finish them off.
  • #520,807
  • May 15, 2020 8:11pm May 15, 2020 8:11pm
Quoting Cyberforex
{quote} Maybe you can check the member postings with accurate signal then follow it. I like the signal from almo2312, akim0895, moty (sometimes he was right), and the other great trader here but i can tell you the most important thing in trading is money management so please be careful don't overtrade in lot size and frequency, keep learning never give up
Great post
Compulsions can be hard to resist
  • #520,808
  • Edited 8:46pm May 15, 2020 8:30pm | Edited 8:46pm
Scalpers are still intraday traders. Just play of words. Lol...

The weekly and daily are super bearish. I personally trade with a SL so cannot suffer, even if I lose a trade. The best way to trade this pair is to flow with the direction of the daily. Monday I expect a little up movement, but still bearish. If we ever get to 2200 that will be surprising. The close below 2165 isn't funny. But I know GU can still spike there. It can also spike down to 2050. Lol..

I bought 2110. If it breaks down to my SL at 2050, fine. If it spikes to 2200, fine. No emotions. But I never go against the daily. Yesterday I tried to scalp buys and I barely made profit. From 2200 I'll start looking for sells if it is still valid.
  • #520,809
  • May 15, 2020 8:41pm May 15, 2020 8:41pm
My thought for next week, If I see the Weekly TF GU possibly has potential to test the low again, but maybe next week we will see possible retracement before going down again (daily TF)
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  • #520,810
  • May 15, 2020 8:47pm May 15, 2020 8:47pm
Attached Image (click to enlarge)
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  • #520,811
  • May 15, 2020 9:11pm May 15, 2020 9:11pm
GU seems to be trying to make a V in the background maybe a new bass can happen ...
I will wait for the best opportunities in this pair ... until then I will continue watching the bulls.
Attached Image (click to enlarge)
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  • #520,812
  • May 15, 2020 9:14pm May 15, 2020 9:14pm
Quoting akim0895
{quote} not me.. great weekend buddy
You are Institution

Intraday only.
  • #520,813
  • Edited 10:41pm May 15, 2020 10:14pm | Edited 10:41pm
Quoting Cyberforex
{quote} Don't trade based on the statistics especially for GU, its movement is unpredictable .... lol
Range trading has been super effective for almost 10 years now and it's magical. The only months ranges were useless were in the Brexit month June 2016, Flash Crash month October 2016 and this recent pandemic month March 2020.

Even this volatile week still worked within maximum weekly range of the last 6 weeks being 336 pips. My expectation is for price to rise to 1.2210 before the selling to 1.20 region. Which will also be followed with an aggressive bullish move. In the last day of April 2020 I posted an article called 'The Armageddon of May' which I gave reasons the month will be bearish and the range to expect in May being 400 - 600 pips and it's happening just as forecasted. After this fall expect a reaction to at least 1.27 in June. Cheers!
Data + Stat + Risk/Emotions Management
  • #520,814
  • May 15, 2020 10:38pm May 15, 2020 10:38pm




  • #520,815
  • May 15, 2020 10:39pm May 15, 2020 10:39pm
Quoting trumps
{quote} Forex Factory statistics page show retail traders are majority long.
The FF number is useless, its a small amount of traders and lots. Look for the same at myfxbook and analyze deeper. From what levels are people long and short.
Everyone can see the chart, but only a few can actually read it.
  • #520,816
  • May 15, 2020 10:51pm May 15, 2020 10:51pm
With no disrespect to any good traders, it's better for @silolo, in fact, any trader for that matter, to develop his or her own capacity to read, understand and master the markets than relying on any other trader's 'signals.' Just my opinion.

Trade safe.

KP

Quoting Cyberforex
{quote} Maybe you can check the member postings with accurate signal then follow it....
Do your homework, follow the footprints of smart money
  • #520,817
  • May 15, 2020 10:56pm May 15, 2020 10:56pm
Also patience and developing your trading skills.

KP

Quoting seincard
{quote} Dear friend, You can recover your account with the same 20% Do not worry The only condition is money management And be patient good luck
Do your homework, follow the footprints of smart money
  • #520,818
  • May 15, 2020 11:02pm May 15, 2020 11:02pm
Quoting khaliltag
{quote} At all my friend, MOTY @90% of the ....... that, the problem is he ALWAYS posting no breaks man , no breaks.
Everyone can post their analyses.....it’s personally up to each individual to filter/follow.
I’m sometimes right, sometimes wrong. Like Moty, AT LEAST I TRY. Have you?
Wiyh 39 posts, where are your analyses on this pair??
Lost....
  • #520,819
  • May 15, 2020 11:03pm May 15, 2020 11:03pm
Hey bud...You mean intraday and swing traders who don't know how to adapt.

Stay safe.

KP

Quoting akim0895
hope buyer get their lesson this week.. but for scalper it fine.. only intraday and swings traders that hurt by the market..
Do your homework, follow the footprints of smart money
  • #520,820
  • May 15, 2020 11:05pm May 15, 2020 11:05pm
If you know what you are doing, you'd know when to switch tactics and when to sit on your hands.

KP

Quoting KeenPips
Hey bud...You mean intraday and swing traders who don't know how to adapt. Stay safe. KP {quote}
Do your homework, follow the footprints of smart money
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