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Cable Update (GBPUSD)

  • #530,241
  • Jun 23, 2020 4:17am Jun 23, 2020 4:17am
Quoting Theoak
{quote} Kidda, means nothing to do with age. It just a nice saying to call someone. Well I hope your health is better now as it’s one of the most precious gifts we take for granted. Well messed that trade up.
Ahh its always been used to refer to a kid where I'm from. I have treatment this time next month so we will see but until then gotta keep on trading.
  • #530,242
  • Jun 23, 2020 4:21am Jun 23, 2020 4:21am
Quoting Georginson
{quote} The first rule of trading is risk management and applications. Now we also need to understand why and how to apply risk management. Why apply risk management? Simple answer is to guide against loss due to exchange rate uncertainties as the higher your stake the highest your risk exposure if it goes against you. Now what I want to explain is how to apply risk management for better results in trading. The first way to understand the risk is by knowing the capacity with which an exchange can move at a particular time frame, once you know the...
Thank you, I appreciate your talk on ranges, definitely seems like a useful tool. One question though can these ranges not be compromised due to certain fundamentals, for example Coronavirus/lockdown. I guess that's where the risk management comes in.
  • #530,243
  • Jun 23, 2020 4:22am Jun 23, 2020 4:22am
Quoting despichtt
{quote} I wanted to sell after 2491 but didnt. Now feel sick for not doing so (

I too had lower t/f reversal set-ups at the top but waited till that 0930 Uk data was digested and had spotted the potential 4hr bearish hidden div and potential 1hr regular bearish div (potential because no PA had confirmed it,) @ potential resistance so waited for close of that 3rd upper-spikey 15min inverted hammer close at 0945am (London = gmt+1)....as was confused with the initial small spike up after the better than expected data and then the sell so wanted to see PA on a 'higher' t/f than my most usual lower t/f triggers to confirm or not...flat again now.
Trader with an Edge.
  • #530,244
  • Jun 23, 2020 4:23am Jun 23, 2020 4:23am
Quoting HaLBot
{quote} I always feel sick when price heads south LOL, all those pips I never make any money off.... Next positive trade will cure the hangover....
I know what you mean earlier; I only have diffuclties buying after big drops many times. Just not believing but never fighting eather; that part is gone long time ago fortunately. Sometimes just bad luck but blaming meself a bit for not selling the krep now. Not clear thinking today; think Im just gonna grab the bottel again calling a week. I was really flying for more than a week, time for some break )
Life is great!!
  • #530,245
  • Jun 23, 2020 4:23am Jun 23, 2020 4:23am
Quoting despichtt
Yeah, that is enough than 5% drop not that bad at all; could have been worse(..) Should have stayed in bed; been drinking too much. Yesterday big pop fortunately Bye!
I can't even afford council pop after that last trade!! LOL
Don't trade what you think. Just what you see!!!
  • #530,246
  • Jun 23, 2020 4:24am Jun 23, 2020 4:24am
Quoting Scotteyy
{quote} Thank you, I appreciate your talk on ranges, definitely seems like a useful tool. One question though can these ranges not be compromised due to certain fundamentals, for example Coronavirus/lockdown. I guess that's where the risk management comes in.
I will post something related to this during the weekend.
Data + Stat + Risk/Emotions Management
  • #530,247
  • Jun 23, 2020 4:30am Jun 23, 2020 4:30am
GU crossed big resistance H 1 yesterday ,it cant drop,now it goes to resist H4 25405
  • #530,248
  • Jun 23, 2020 4:35am Jun 23, 2020 4:35am
Going to buy this bounce off the weekly pivot and 100EMA 15m timeframe.
  • #530,249
  • Jun 23, 2020 4:36am Jun 23, 2020 4:36am
Hi guys, been struggling with getting out of the trade when in profit, can anyone help? Or shed some light as to getting the TP right? Newbie here... Getting the buys and sells perfectly but not taking a profit has become a problem for me, not losing but getting small profits or minimal losses... I guess i know there are nerves and emotion getting in the way... but if i could just get some clarity or advice on where to put the TP, i would appreciate it.
I trade my own information and follow my own methods.
  • #530,250
  • Jun 23, 2020 4:37am Jun 23, 2020 4:37am
Quoting Theoak
{quote} I can't even afford council pop after that last trade!! LOL
It doesnt really matter how good a trader someone is; if you cant take your losses one will never be a winner ) Wise lessons from my teacher once ))
Life is great!!
  • #530,251
  • Jun 23, 2020 4:39am Jun 23, 2020 4:39am
77 the pip range so far today...this is what I am looking at on 1hr...as below.
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Trader with an Edge.
  • #530,252
  • Jun 23, 2020 4:41am Jun 23, 2020 4:41am
This could be a great trade on GN, 'The Beast' possibly a 300 pipper

Time shown is London time wednesday
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Don't Leave Money on the Table
  • #530,253
  • Jun 23, 2020 4:44am Jun 23, 2020 4:44am
it stupid to wait 1.24,buy gu it depends of your risk.Daily trend stays at support it even didnt touch support daily.if it cross 1.2540 crazy move up start
  • #530,254
  • Jun 23, 2020 4:44am Jun 23, 2020 4:44am
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #530,255
  • Jun 23, 2020 4:46am Jun 23, 2020 4:46am
1.24413 initial support
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #530,256
  • Jun 23, 2020 4:48am Jun 23, 2020 4:48am
Quoting despichtt
{quote} It doesnt really matter how good a trader someone is; if you cant take your losses one will never be a winner ) Wise lessons from my teacher once ))
I know him well. I painted a few fences and washed a few cars one summer. wipe on wax off.





RIP
Attached Image
Don't trade what you think. Just what you see!!!
  • #530,257
  • Jun 23, 2020 4:50am Jun 23, 2020 4:50am
Quoting Georginson
{quote} The first rule of trading is risk management and applications. Now we also need to understand why and how to apply risk management. Why apply risk management? Simple answer is to guide against loss due to exchange rate uncertainties as the higher your stake the highest your risk exposure if it goes against you. Now what I want to explain is how to apply risk management for better results in trading. The first way to understand the risk is by knowing the capacity with which an exchange can move at a particular time frame, once you know the...
Really loved it. Great work. Keep it going
  • #530,258
  • Jun 23, 2020 4:52am Jun 23, 2020 4:52am
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yes yes yes
  • #530,259
  • Edited 5:10am Jun 23, 2020 4:53am | Edited 5:10am
2435 need to break first. then 2427 pivot and then 2402.

A short around 2550 today or more tomorrow would be better.
Intraday only.
  • #530,260
  • Jun 23, 2020 4:55am Jun 23, 2020 4:55am
Quoting Roszey
Getting ready for the MELTDOWN. !!! 2500 or 2550
hahhaha.. i told you soo..
Before
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After
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Le$$ I$ More
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