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Cable Update (GBPUSD)

  • #530,181
  • Jun 23, 2020 3:06am Jun 23, 2020 3:06am
Long Target approx. 25 pips in at 1.2498
Don't trade what you think. Just what you see!!!
  • #530,182
  • Jun 23, 2020 3:09am Jun 23, 2020 3:09am
Quoting Theoak
Long Target approx. 25 pips in at 1.2498
im aiming higher Theo

2529-ish
in wondering about yourself, you forgot what you came here to be part of
  • #530,183
  • Jun 23, 2020 3:12am Jun 23, 2020 3:12am
Something to cheer up early bears. Hang in there...

Attached Image
Everyone can see the chart, but only a few can actually read it.
  • #530,184
  • Jun 23, 2020 3:13am Jun 23, 2020 3:13am
Quoting Georginson
{quote} The number one misleading weapon these robber banks use are these news... The price moves in tandem with the levels the big boys have fixed before time. These news are fuel to fire the prices. I'm not trying to underestimate fundamental analysis but there is much more to these price movements than retail traders know. Best way to corner these robber banks is to anticipate their moves and join them as you can never beat them. Peace.
You know and understand a whole lot more than I do about the markets but on green letter days I can see price easily and can make good coin, 36 Benjamins in 1 day and a bit of a bullish Cable.
It's red letter days I'm just crap, anyone want to trade my account when GBP is bearish???
Don't Leave Money on the Table
  • #530,185
  • Jun 23, 2020 3:14am Jun 23, 2020 3:14am
Quoting HaLBot
{quote} You know and understand a whole lot more than I do about the markets but on green letter days I can see price easily and can make good coin, 34 Benjamins in 1 day and a bit of a bullish Cable. It's red letter days I'm just crap, anyone want to trade my account when GBP is bearish???
I don't understand
Data + Stat + Risk/Emotions Management
  • #530,186
  • Jun 23, 2020 3:15am Jun 23, 2020 3:15am
Quoting HaLBot
{quote} You know and understand a whole lot more than I do about the markets but on green letter days I can see price easily and can make good coin, 34 Benjamins in 1 day and a bit of a bullish Cable. It's red letter days I'm just crap, anyone want to trade my account when GBP is bearish???
Could be your bias if anything. I trade better when cable is bearish but then I have a bearish bias towards it. According to my rules I should have entered long twice today as it went to pivot but I'm a stupid bear.
  • #530,187
  • Jun 23, 2020 3:15am Jun 23, 2020 3:15am
sw
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SCALP WIN
  • #530,188
  • Jun 23, 2020 3:15am Jun 23, 2020 3:15am
Quoting Georginson
{quote} I don't understand
I'm saluting your better trading skills there M8
Don't Leave Money on the Table
  • #530,189
  • Jun 23, 2020 3:16am Jun 23, 2020 3:16am
Quoting Georginson
{quote} I do not work with day, I work with week. First sell for the week is 1.2492, second sell for the week 1.2535, third sell for the week 1.2580. Please never stake more than 9% of your equity... You can stake 3.5% of your equity at 1.2492, another 3.5% of equity at 1.2535 if it gets there... Then target 1.2305 if 1.2535 doesn't break, if it breaks then you will reduce your target to 1.2330. I do not fancy daily as it Changes too quickly and too erratic for my liking. Trade safely.
Dude 9% is too much in my opinion. Even if you only trade gbpusd
I find 2/3% a lot already, to get double or more

Risking 9% to get 20% more or less? If it works, well done
COT: The precious data ignored
  • #530,190
  • Jun 23, 2020 3:17am Jun 23, 2020 3:17am
one thing is clear , this is different set up from last Tuesday , up up and away to 1.25841 .
big data in 15 minutes
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yes yes yes
  • #530,191
  • Jun 23, 2020 3:17am Jun 23, 2020 3:17am
Here......an area of fib levels.....
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Lost....
  • #530,192
  • Jun 23, 2020 3:18am Jun 23, 2020 3:18am
50% of that 4hr C-D last wave down reached at hi, 4hr desc t/line there/thereabouts too.
Trader with an Edge.
  • #530,193
  • Jun 23, 2020 3:18am Jun 23, 2020 3:18am
Quoting kuroro001
{quote} Dude 9% is too much in my opinion. Even if you only trade gbpusd I find 2/3% a lot already, to get double or more Risking 9% to get 20% more or less? If it works, well done
Agreed, I'm risking 0.5% per trade at the moment. But then again I'm a newbie. I guess with more experience then increase your risk, gotta keep an eye on the draw-down though.
  • #530,194
  • Jun 23, 2020 3:20am Jun 23, 2020 3:20am
1.2517 if taken out then we might see 1.2560 which will be lovely to go short also
  • #530,195
  • Jun 23, 2020 3:21am Jun 23, 2020 3:21am
Today I continue to win the market. Hope so tomorrow.
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SCALP WIN
  • #530,196
  • Jun 23, 2020 3:21am Jun 23, 2020 3:21am
Quoting kuroro001
{quote} Dude 9% is too much in my opinion. Even if you only trade gbpusd I find 2/3% a lot already, to get double or more Risking 9% to get 20% more or less? If it works, well done
I said maximum 9% equity and 3.5% at a time with at least 40 pips space in between these entries... I will make statistics on risk management for you soon. After making the statistics, you will see the reason behind it.
Data + Stat + Risk/Emotions Management
  • #530,197
  • Jun 23, 2020 3:22am Jun 23, 2020 3:22am
Quoting HaLBot
{quote} I'm saluting your better trading skills there M8
Thanks mate.
Data + Stat + Risk/Emotions Management
  • #530,198
  • Jun 23, 2020 3:22am Jun 23, 2020 3:22am
RSI is diverging on the min30; also min1. But it looks a bit too much like bitter trend fighting right now

Life is great!!
  • #530,199
  • Jun 23, 2020 3:23am Jun 23, 2020 3:23am
Quoting Georginson
{quote} I said maximum 9% equity and 3.5% at a time with at least 40 pips space in between these entries... I will make statistics on risk management for you soon. After making the statistics, you will see the reason behind it.
Very appreciated

I enjoy reading your posts
COT: The precious data ignored
  • #530,200
  • Jun 23, 2020 3:23am Jun 23, 2020 3:23am
Quoting Scotteyy
{quote} Could be your bias if anything. I trade better when cable is bearish but then I have a bearish bias towards it. According to my rules I should have entered long twice today as it went to pivot but I'm a stupid bear.
This won't apply to all here but it seems like a lot of traders just spend their days in the markets, working in construction all day long then I come home and trade. So effectively doing a 16 hour day everyday of the week then comes the weekend to shagged to then want to spend time studying charts.
Trading is work!!!
Not complaining just sayin and working my way to being able to trade fulltime but it is hard to master....
Don't Leave Money on the Table
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