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Cable Update (GBPUSD)

  • #529,521
  • Jun 19, 2020 11:14am Jun 19, 2020 11:14am
Quoting kuroro001
{quote} It wants new low ...so be it Can't see to the COT report and see what GBP traders have done this week, if they really sold or just closed some weak longs
or they wait for powell speech
row row row your boat
  • #529,522
  • Jun 19, 2020 11:14am Jun 19, 2020 11:14am
Quoting rahadian1
{quote} i'm average make 6% for every trade with 1,5% risk , no less no more.
this is simply great too.

So your goals are for each trade.
Intraday only.
  • #529,523
  • Jun 19, 2020 11:15am Jun 19, 2020 11:15am
Quoting yawen
{quote} I don't understand your question.
making 5 % in a month is less i felt.

anyways, this is great too, as you have a goal in mind.

Intraday only.
  • #529,524
  • Jun 19, 2020 11:18am Jun 19, 2020 11:18am
Quoting navk
{quote} making 5 % in a month i felt. anyways, this is great too, as you have a goal in mind.

Been in this game since '98, burned some accounts. 5% a month meets my stress and outcome goals as realistically as possible.
  • #529,525
  • Jun 19, 2020 11:20am Jun 19, 2020 11:20am
Indices going down like a $10 hooker.
Focus.
  • #529,526
  • Jun 19, 2020 11:21am Jun 19, 2020 11:21am
The price is doing a bit of Friday.

Never take a chance to counter it.

There is always a Monday after seeing the daily close.
Intraday only.
  • #529,527
  • Jun 19, 2020 11:27am Jun 19, 2020 11:27am
the cable still holding strong
put my SL at BE+1
Attached Image (click to enlarge)
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row row row your boat
  • #529,528
  • Jun 19, 2020 11:27am Jun 19, 2020 11:27am
Doji and it looks like inverted hammer now so takt the money for now watch if it breaks or we move up till mondar
  • #529,529
  • Jun 19, 2020 11:29am Jun 19, 2020 11:29am
it happened to me today.

I took long at 2470 after price hit s1.

Booked profit around 2495.

Then thinking that the price will once for all bounce, took more longs, The price hit 2510 and then droped to 2465 again, I was in floating. However, i took a bigger lot at 2477 and closed all in profit.

Eagerness to make more ( than the set target ) put me in trouble.

However, it is nice profit day for me at the end.
Attached Image (click to enlarge)
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Intraday only.
  • #529,530
  • Jun 19, 2020 11:32am Jun 19, 2020 11:32am
Quoting navk
hey guys, just share your views. This is for those who make money ... some and loose more. Assume your capital is 3k. You guys concentrate in making regular 2 to 3 % in a day? Or you make 20 % in one day and loose 40 % or more next day? Your opinion is most imporatnt. I feel this is the best place to input here. I see some people make huge... and i want only know as percenatge of capital. Share your ideas pls. Thanks.
hi navk

I currently run about a 5k account, I aim for 2-4% a day. my sl is usually 20 pips, which is about 0.5% DEPENDING ON LOT SIZE.

Joe
  • #529,531
  • Jun 19, 2020 11:33am Jun 19, 2020 11:33am
Quoting elbert3
Doji and it looks like inverted hammer now so takt the money for now watch if it breaks or we move up till mondar
yeah... better close it and take a break... happy weekend all

and thanks for your guidance
row row row your boat
  • #529,532
  • Jun 19, 2020 11:34am Jun 19, 2020 11:34am
Quoting joesherwood
{quote} hi navk I currently run about a 5k account, I aim for 2-4% a day. Joe
good Joes.

Once your aim is achieved, still you trade on any particular day after achieving?
Intraday only.
  • #529,533
  • Jun 19, 2020 11:35am Jun 19, 2020 11:35am
Quoting joesherwood
{quote} hi navk I currently run about a 5k account, I aim for 2-4% a day. my sl is usually 20 pips, which is about 0.5% DEPENDING ON LOT SIZE. Joe
Do you succeed in meeting your target on average? If so, nice.
  • #529,534
  • Jun 19, 2020 11:36am Jun 19, 2020 11:36am
Quoting joesherwood
{quote} hi navk I currently run about a 5k account, I aim for 2-4% a day. my sl is usually 20 pips, which is about 0.5% DEPENDING ON LOT SIZE. Joe
I am also currently in talks with a funding company, the rules suit my schedule as well as the profit share. I will always have a personal one but its just a way to use larger lots with 0 liability. will keep RM the same, target the same and start the same just will be funded.

Joe
  • #529,535
  • Jun 19, 2020 11:36am Jun 19, 2020 11:36am
Quoting Georginson
{quote} Now 107 pips range for Friday attained for the day, weekly range 340 pips attained at 1.2347 Friday range also attained the minimum 105...now allow for 70-120 pips retracement from low targeting 1.2418/1.2460
I agree with you.
  • #529,536
  • Jun 19, 2020 11:37am Jun 19, 2020 11:37am
Quoting joesherwood
{quote} I am also currently in talks with a funding company, the rules suit my schedule as well as the profit share. I will always have a personal one but its just a way to use larger lots with 0 liability. will keep RM the same, target the same and start the same just will be funded. Joe
very good step forward.
Intraday only.
  • #529,537
  • Jun 19, 2020 11:37am Jun 19, 2020 11:37am
in GBPUSD it is still a solid down trend... though according to Harmonic pattern it might start bullish trend till price hit 1.230x area

Attached Image (click to enlarge)
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  • #529,538
  • Jun 19, 2020 11:38am Jun 19, 2020 11:38am
Quoting Scotteyy
{quote} Do you succeed in meeting your target on average? If so, nice.
Hi Scotteyy

yes I consistently make 2% a day, if I hit 3% by mid morning I leave the desk for the day. as I only trade till before nY open. I currently hold about an 89% WR. losing streaks I find rare but happen now and then, all part of the game and staying composed and moving forward.
  • #529,539
  • Jun 19, 2020 11:41am Jun 19, 2020 11:41am
Good to close the week in profit and avoid giving all back to the market.

KP

Quoting navk
it happened to me today. I took long at 2470 after price hit s1. Booked profit around 2495. Then thinking that the price will once for all bounce, took more longs, The price hit 2510 and then droped to 2465 again, I was in floating. However, i took a bigger lot at 2477 and closed all in profit. Eagerness to make more ( than the set target ) put me in trouble. However, it is nice profit day for me at the end. {image}
Do your homework, follow the footprints of smart money
  • #529,540
  • Jun 19, 2020 11:41am Jun 19, 2020 11:41am
Quoting navk
{quote} good Joes. Once your aim is achieved, still you trade on any particular day after achieving?
hi navk

I don't know if you've seen me say before but I only trade UK morning, I hop in the charts at 5am and do my look through of the charts and trade premarket to before NY open, I don't like trading in the afternoon, I found what I do well at it and stick to it. so my typical trading day is 5am to midday. however same days like last week I hit my goal by 9am. I then leave the desk and come back at night and read through the forum to see how the days gone. once I call it I don't look at charts again or try not too, find myself questioning to get in trades im not focused on..


Joe
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