Cable Update (GBPUSD)

Quoting joesherwood

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a good friend told me its not where you at to succeed in anything at life, its where your minds at. i think i can speak for all here, when we all started we didn't have money coming out of are ears, we have all looked on our trading platforms and seen red and been worried, its about learning and staying composed, its just part of the journey, speaking from experience dude losing money at 18 when i was working full time on minimum wage sucked, my life had hardly began and i was losing, its not what happens it how you deal with it, if you wanna talk...

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Quoting joesherwood

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a good friend told me its not where you at to succeed in anything at life, its where your minds at. i think i can speak for all here, when we all started we didn't have money coming out of are ears, we have all looked on our trading platforms and seen red and been worried, its about learning and staying composed, its just part of the journey, speaking from experience dude losing money at 18 when i was working full time on minimum wage sucked, my life had hardly began and i was losing, its not what happens it how you deal with it, if you wanna talk...

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Quoting gespiri

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{quote} Tell that to my mother-in-law.....

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Quoting ozalid

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{quote} Well written. For me, the basis of commerce is understanding this pyramid where psychology is the most important foundation. I am not perfect and I make mistakes. Then I come back to this pyramid. I had some mistakes last week but this is part of the trade. Funny are some traders who consider themselves gurus. As a salesman suggests that he has only profitable transactions and does not make mistakes, in my opinion he is lying. {image}

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Quoting sherazali

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{quote} My friend, there is no doubt in the trend the gbpusd is on the downside and needs to get down around more than 400 pips more before it gets the support. Just try to understand that market work in waves so yes the slight pullback is possible and you can get the price. But if the opening gap is huge which currently suggests than pullback might not be possible anyways the price will retest the 1.2000 level before making the lower lows you can cut that trade at that point. Never lose more than 1% of your capital in a single trade. Forex is nothing...

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Quoting joesherwood

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{quote} nice pyramid bro, very useful, all the fakes on social media is what ruin people like us in here who trade real and we admit are wins and losses, to them its all a persona, which then make their "students" give up when they hit red, its sad. im actually bit disappointed when I tell someone my main source of income as that the start off most conversations for people my age, as I know they have seen 10+ ads that day of making "£500 a day if you have a spare 5 mins on your phone."

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Quoting Georginson

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{quote} Too early to confirm the gap down, I saw it trading at 1.2081 weekend trading but main market will open in about 15 hours time, which can still trade higher by then. In most towards opening time price trades higher. Then if you are lucky to escape this, never trade with Money you cannot afford to lose. There will be better days ahead of you, please do not do anything you will regret later.

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Quoting Temujin

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{quote} The NADEX. Minimum deposit is $100. BIG leverage. The longest trade in duration though is 1 week. All Regulated and completely legit. You can scalp BINARY OPTIONS. Many popular FX pairs. Sorry for your losses.

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Quoting Georginson

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{quote} Wow I'm glad about the incisive nature of your analysis, it is worth paying much attention to. Check year 2013 monthly chart, you will see a decline of 1500 pips from January to March, then a retracement from that same March to April before 600 pips fall in May and about 200 pips retracement that same May. This 2020 so far has seen a decline of 1800 pips from January to March, then a retracement from that same March to April, now a potential 600 pips fall in this May (1.2599 - 600pips) = 1.2000, then 200 pips retracement will likely follow...

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Quoting DailyChart

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{quote} U reminded me one of my friend in here Her name is marcieny that have very strong bias when trading

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Quoting DailyChart

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{quote} U reminded me one of my friend in here Her name is marcieny that have very strong bias when trading

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Quoting DailyChart

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{quote} U reminded me one of my friend in here Her name is marcieny that have very strong bias when trading

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Quoting Moty

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the gap down suppose to bring price to the bottom of the channel. no big deal {image}

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Quoting Georginson

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{quote} In summary, I'm not ruling out 1 16 in the future but it's definitely not this May. Price will have to move to at least 1.23 region before another slide if it will ever happen. T!

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Quoting shahab8b

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{quote} Do you have a crystal ball? I’ve started trading in 2006. I remember during financial crisis in 2008, I went long on GBPUSD when it collapsed from 2 to 1.9, and I thought it had dropped 1000 pips and there was no way it wouldn’t retrace. Then I held into my losing position for a very long time. Since that experience, I learned you better expect the unexpected. You may or may not be correct in your analysis. I am not worried about you as you seem like a seasoned trader and know how to manage your positions. But I am worried about the newbies...

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