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Cable Update (GBPUSD)

  • #524,041
  • May 29, 2020 7:05am May 29, 2020 7:05am
Quoting tehnoob
Yarr!! Took the same trade on GBP/JPY as well (thanks to Elbert for that G-Yen trade, his post made me notice that the G/Yen pair had just taken out yesterday's low by a few pips and had a high probability of that being a fake breakdown, and about to shoot up) {image} {image}
day chart right on 50 ema now so watch it , fail then we could see a big up or back to 2300
  • #524,042
  • May 29, 2020 7:08am May 29, 2020 7:08am
How many bears feel violated?
  • #524,043
  • May 29, 2020 7:08am May 29, 2020 7:08am
Yesterday I lost a lot and was only left with $ 62 in the account.
So I made a recovery plan, earning 10 trades a day with 10 pips and then gradually increasing it.
of course with Stop and a 10 pips Profit Take. every step will play with max margin but only on 10% of it .
The last move jumped me 6 steps at once, waiting for the next set up
Attached Image (click to enlarge)
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yes yes yes
  • #524,044
  • May 29, 2020 7:08am May 29, 2020 7:08am
exit for longs ?
1.24?
  • #524,045
  • May 29, 2020 7:10am May 29, 2020 7:10am
Quoting thevisitor
exit for longs ? 1.24?
Better exit now. Or some cash and collect.
  • #524,046
  • May 29, 2020 7:11am May 29, 2020 7:11am
Quoting mkvy
How many bears feel violated?
Dont celebrate yet, today is Friday and last trading day of the month
  • #524,047
  • May 29, 2020 7:14am May 29, 2020 7:14am
Quoting Moty
Yesterday I lost a lot and was only left with $ 62 in the account. So I made a recovery plan, earning 10 trades a day with 10 pips and then gradually increasing it. of course with Stop and a 10 pips Profit Take. every step will play with max margin but only on 10% of it . The last move jumped me 6 steps at once, waiting for the next set up {image}
dont adding to losers, step 1
  • #524,048
  • May 29, 2020 7:14am May 29, 2020 7:14am
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  • #524,049
  • May 29, 2020 7:15am May 29, 2020 7:15am
Attached Image (click to enlarge)
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day . But 1. Watch false break . 3200 could be back to 2230 and then it’s short breakout higher I had 2950 but then we all have numbers . So we note that .. or 3. It goes up comes back and confirms bottom tog the break
  • #524,050
  • May 29, 2020 7:18am May 29, 2020 7:18am
Some trader really ego and nvr learn
when lose then silence, once bounce to their direction, start to talk big
i rmb someone suffer loss and remove trade from FF but now?
screaming too much and ask other learn more
PA Return Today: 0.3%
  • #524,051
  • May 29, 2020 7:18am May 29, 2020 7:18am
Quoting elbert3
{image} day . But 1. Watch false break . 3200 could be back to 2230 and then it’s short breakout higher I had 2950 but then we all have numbers . So we note that .. or 3. It goes up comes back and confirms bottom tog the break
1 min doji top . Read above .
Attached Image (click to enlarge)
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  • #524,052
  • May 29, 2020 7:21am May 29, 2020 7:21am
totally out of EG now, only holding EU long heavily, looking for 1.1175, anything else is gravy. Maybe look GU short 1.24 and GJ 133. will short EG if GU stays bullish. Trump may add some volatility, hope so. GL
  • #524,053
  • May 29, 2020 7:22am May 29, 2020 7:22am
Looking for 2450
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #524,054
  • May 29, 2020 7:24am May 29, 2020 7:24am
Quoting WhipKream
{quote} It is the most fun pair, no need to watch the trades, you're either right or you're wrong, and leverage isn't really a thing xDDD
When I first started trading, a few years ago (lol), I was talking to a marine electrician and I was as high as a kite because I was £1,500 up on the day. I believe I had moved my stop loss to break even. Later in the day he came over and said "Have I done something wrong? You don't seem very happy?" And I had to apologise to him and explain my mood. I think I made about -£5.00 - anyway I never lost too much in this game, not being stupid, you know - but it felt like I had lost £1,500 at the time. That was on Gbp/Jpy. Very humbling.
Gone to a better place
  • #524,055
  • May 29, 2020 7:25am May 29, 2020 7:25am
We'll see what happens soon
  • #524,056
  • May 29, 2020 7:26am May 29, 2020 7:26am
sneeeeeeky thereat it but carefull plenty of time the just bumped to past the resistance f=so stops on that for shorts and get to be before they mess again
  • #524,057
  • May 29, 2020 7:27am May 29, 2020 7:27am
Quoting LeongPuiy
Some trader really ego and nvr learn when lose then silence, once bounce to their direction, start to talk big i rmb someone suffer loss and remove trade from FF but now? screaming too much and ask other learn more
who? if your gonna say all this at least say the person lol
  • #524,058
  • May 29, 2020 7:27am May 29, 2020 7:27am
23:00USD
Fed Chair Powell Speaks
https://investizo.com/investment/view?server=1&login=2141779119
  • #524,059
  • May 29, 2020 7:27am May 29, 2020 7:27am
Quoting Georginson
Bought at 1.2301 target 1.2401, stop 1.2238.
Closed manually at 1.2365... Eurusd will drop and GBPUSD will likely follow. In addition, weekly range now 206 pips too much risk to hold the long here.
Data + Stat + Risk/Emotions Management
  • #524,060
  • May 29, 2020 7:28am May 29, 2020 7:28am
Quoting smikester
{quote} When I first started trading, a few years ago (lol), I was talking to a marine electrician and I was as high as a kite because I was £1,500 up on the day. I believe I had moved my stop loss to break even. Later in the day he came over and said "Have I done something wrong? You don't seem very happy?" And I had to apologise to him and explain my mood. I think I made about -£5.00 - anyway I never lost too much in this game, not being stupid, you know - but it felt like I had lost £1,500 at the time. That was on Gbp/Jpy. Very humbling.
I blew up account in recent crazy EA move. GJ, GU all great trades, but just didn't watch stops/leverage. Happens, everyone learns. Trading is just an averaging game. This last one really stung, kinda done being a dummy now, hopefully. Add winners, trail stops, don't add losers. Oh, and always have a way to hedge, margin and pairs available. Lastly, patience
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