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Cable Update (GBPUSD)

  • #529,561
  • Jun 19, 2020 12:54pm Jun 19, 2020 12:54pm
Quoting Wavegarrick
@ Joesherwood and Scotteyy, you Guys are young and nice to see the vibrant interaction between yourselves. It is refreshing. You have your lives ahead of you and stick at it. Us old dogs can only look in admiration. At your age, I never knew about forex and I can only imagine the wealth of knowledge you will gain as years go by. Have a great Journey, Cheers.
hi Garrick

Thankyou for the kind words my man, your comments have always been appreciated by me! Your a very precise trader and I admire that. I hope you the best as well mate.

stay safe
joe
  • #529,562
  • Jun 19, 2020 12:55pm Jun 19, 2020 12:55pm
Quoting navk
{quote} London closes at 11 AM EST ? Right ?
London closed 4:30pm GMT which is 11:30am EST
Focus.
  • #529,563
  • Jun 19, 2020 12:55pm Jun 19, 2020 12:55pm
Quoting joesherwood
{quote} like I said to smikester a month back i dont like complaining, especially to other people, just not personality, my mindset is forget and get back out there, im also very humbled to find such a awesome craft that i enjoy. I find myself very fortunate to find this so early on in my life. So why should i complain. Thats my method of thinking. I also despise over trading from learning the hard way when starting out, so if i make enough im content with i dont look at the charts and leave my desk. Couple weeks back i started a couple days off...

You have a great attitude, for sure you will have great and bad days as markets change but you will get through it and prosper. I hope to see you and the others do well in this game. I always live by " you win or you learn" seems like you do also in your own way.
  • #529,564
  • Jun 19, 2020 12:56pm Jun 19, 2020 12:56pm
Quoting Marcieny
{quote} It depends there will always be someone more fortunate,smarter, Patience and discipline are acquired with experience, but wisdom is not always . Best Regards.
Sure

I didn't mean a top Wisdom. Like Buddha or Master Yoda

Just skills and staying out of trouble ... Here's wisdom number one

Actually intelligent people have trouble in forex - forex is liars game and chaotic.
Funny that
Beware of robber banks (RB), bad advisors.
  • #529,565
  • Jun 19, 2020 12:58pm Jun 19, 2020 12:58pm
Quoting Not-KPMG
{quote} Sure I didn't mean a top Wisdom. Just skills and staying out of trouble ... Here's wisdom number one Actually intelligent people have trouble in forex - forex is liars game and chaotic. Funny that
I disagree .... wisdom is to be used precisely to protect you in this work
  • #529,566
  • Jun 19, 2020 1:00pm Jun 19, 2020 1:00pm
Quoting Marcieny
{quote} I disagree .... wisdom is to be used precisely to protect you in this game
Get the ju-jitsu on him!!!!
Don't trade what you think. Just what you see!!!
  • #529,567
  • Jun 19, 2020 1:00pm Jun 19, 2020 1:00pm
Quoting Not-KPMG
{quote} Patience. And wisdom will come with experience . {quote} Again. Patience and experience and looking deeper. Let me just say one thing - all these books, all this noise, advertising, quick profits, sure fire systems . Are mostly useless... They (books, etc) are written by failed traders, bancrupted poor souls, paid 3 dollars a page........
hi KPMG

I appreciate the quote, and I also understand your viewpoint I despise these fake guys on Instagram selling signals courses etcetera hoevwr books has really helped me out I’ll post a couple pictures once I have below the large list I happily send out, at the end of the day if it doesn’t work for you it doesn’t affect me I can say they have everyone is different and experience different things I’m never gonna get into any altercations on this platform any more it’s not worth the time or the hassle.

everything to succeed can be found online now. Why pay. It’s all on YouTube, forums like this. Of course success can come from experience I’m not not saying that at all. But what you take in can strengthen that.



joe
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  • #529,568
  • Jun 19, 2020 1:05pm Jun 19, 2020 1:05pm
Quoting Not-KPMG
{quote} I'm not sure. There's settlement or fix what a name at 3PM UK, 10 EST. Beware
No. London fix is at 16.00 BST.

This is a good read for anyone doesn't know what it's all about.

https://www.investopedia.com/article...-be-rigged.asp
  • #529,569
  • Jun 19, 2020 1:33pm Jun 19, 2020 1:33pm
Quoting joesherwood
{quote} hi KPMG I appreciate the quote, and I also understand your viewpoint I ... course success can come from experience I’m not not saying that at all.
But what you take in can strengthen that. joe {image} {image}
Yes

I had so many good funny pictures - on my other / old phone

Trade safe
Beware of robber banks (RB), bad advisors.
  • #529,570
  • Jun 19, 2020 1:50pm Jun 19, 2020 1:50pm
Hi everyone, I'm new here, I can see that my peers are also in this forum and they are intelligent. I am a beginner, I spent 3 months on a demo, I thought I was doing well, so from June I got some real money and I lose 2k zlotys from 10k. I'm Polish and that's why this currency. In this situation, I returned to the demo version, again regain faith in opening and closing positions, because that's what I miss the most. I apologize for my English, but I use a translator because I can't speak English well.
  • #529,571
  • Jun 19, 2020 2:26pm Jun 19, 2020 2:26pm
Holding the sell trade again this weekend.. Seems to be a weekly thing. No reason to take profit.Just 2 trades this week, one failure 60 pip loss, but this one is flying 250 pips in profit right now. Hopeful to be buying this soon

  1. Gain:+115.87%
  2. Abs. Gain:+173.8%
  3. Daily:1.06%
  4. Monthly:38.45%

Attached Image (click to enlarge)
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  • #529,572
  • Jun 19, 2020 2:33pm Jun 19, 2020 2:33pm
Quoting Wavegarrick
@ Joesherwood and Scotteyy, you Guys are young and nice to see the vibrant interaction between yourselves. It is refreshing. You have your lives ahead of you and stick at it. Us old dogs can only look in admiration. At your age, I never knew about forex and I can only imagine the wealth of knowledge you will gain as years go by. Have a great Journey, Cheers.
You are a class act Garrick.
For years now, you are always polite and wise amidst the ego-cock fights
Plus you are one of the best traders on the forum with consistent results.
in wondering about yourself, you forgot what you came here to be part of
  • #529,573
  • Jun 19, 2020 2:51pm Jun 19, 2020 2:51pm
Attached Image (click to enlarge)
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yes yes yes
  • #529,574
  • Jun 19, 2020 2:57pm Jun 19, 2020 2:57pm
Quoting xSpArtAx
Hi everyone, I'm new here, I can see that my peers are also in this forum and they are intelligent. I am a beginner, I spent 3 months on a demo, I thought I was doing well, so from June I got some real money and I lose 2k zlotys from 10k. I'm Polish and that's why this currency. In this situation, I returned to the demo version, again regain faith in opening and closing positions, because that's what I miss the most. I apologize for my English, but I use a translator because I can't speak English well.
Hello Sparta

its good and rare to see someone go back to a demo and learn, most people would revenge trade in that position. so good decision, my only concern on something you should look at is your lot size for your positions. you've lost 20% of your capital fairly quick.. we have all lost a large amount of money that we care and now is the part to learn from it.

my view is work on your risk management, you should be risking 1% of your account per trade. work on a risk to reward ratio that would suit you. for instance if your position hits your stop it would 3 times smaller than when your trade hits your take profit. if this is not the case what is it? focus in on it. is it your entries, over trading, not keeping up on news etc

i wish you luck in your recovery, market will always be here, dont be in a rush to get your money back

stay safe

Joe
  • #529,575
  • Jun 19, 2020 2:59pm Jun 19, 2020 2:59pm
Quoting mkvy
Holding the sell trade again this weekend.. Seems to be a weekly thing. No reason to take profit.Just 2 trades this week, one failure 60 pip loss, but this one is flying 250 pips in profit right now. Hopeful to be buying this soon Gain:+115.87% Abs. Gain:+173.8% Daily:1.06% Monthly:38.45% {image}
great trade mkvy!
  • #529,576
  • Jun 19, 2020 3:00pm Jun 19, 2020 3:00pm
Quoting knkie
{quote} You are a class act Garrick. For years now, you are always polite and wise amidst the ego-cock fights Plus you are one of the best traders on the forum with consistent results.
Hi Knkie, what can I say but thank You. Your words mean a great deal to me. There are many good traders here and always good to compare our analysis.

Cheers
Leon.
Trade to trade another day
  • #529,577
  • Jun 19, 2020 3:10pm Jun 19, 2020 3:10pm
Quoting joesherwood
{quote} great trade mkvy!
It was a weird one, pretty slow to start with.. who knows where its going next?
So glad i dont trade EURUSD.. Thats the worst pair to trade ive ever seen and done... Constant back filling... dire
  • #529,578
  • Jun 19, 2020 3:52pm Jun 19, 2020 3:52pm
Quoting joesherwood
{quote} Hello Sparta its good and rare to see someone go back to a demo and learn, most people would revenge trade in that position. so good decision, my only concern on something you should look at is your lot size for your positions. you've lost 20% of your capital fairly quick.. we have all lost a large amount of money that we care and now is the part to learn from it. my view is work on your risk management, you should be risking 1% of your account per trade. work on a risk to reward ratio that would suit you. for instance if your position hits...
I think my biggest problem is that I can not play the next pose and not think about the previous one, because as I lose it I am afraid of loss again, how I will get it again I want to gain and preferably even more, and this is not what the market looks like. I was good at the demo, because I didn't have a problem with it, if I lose it, nothing will happen, if I gain less than before, nothing will happen because it's still fiction.
  • #529,579
  • Jun 19, 2020 3:53pm Jun 19, 2020 3:53pm
The second problem, however, is the SL setting, I have read many opinions on how to set it to 20-30pips, above the last candle indicating the trend, where, over resistance, under resistance, there is so much and I still do not know how to approach it. I was best at 2: 1 profit / risk, but later the man sees that the transaction is going on and it hurts. I am still learning, I know that it is still an immature approach to this business, but it is not so easy to change it, I learn from mistakes in every area of my life, but I can't deal with trading with reluctance.
  • #529,580
  • Jun 19, 2020 4:18pm Jun 19, 2020 4:18pm
Quoting xSpArtAx
{quote} I think my biggest problem is that I can not play the next pose and not think about the previous one, because as I lose it I am afraid of loss again, how I will get it again I want to gain and preferably even more, and this is not what the market looks like. I was good at the demo, because I didn't have a problem with it, if I lose it, nothing will happen, if I gain less than before, nothing will happen because it's still fiction.
Think of it has pips not money!
Don't trade what you think. Just what you see!!!
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