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Cable Update (GBPUSD)

  • #532,681
  • Jul 2, 2020 11:21am Jul 2, 2020 11:21am
Maybe, maybe not. Not all setups can lead to profit.
Monthly Range still building up. First, sell zone in motion.
BF
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AF
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Le$$ I$ More
  • #532,682
  • Jul 2, 2020 11:25am Jul 2, 2020 11:25am
Quoting Theoak
{quote} What I'm trying to say. If you risk say 10 pips for 30 pips, but you cash in. You don't know what your target is, so your have no risk management strategy. So if you are going to cash in you will have a higher win rate, but you might not have as many pips
I know my target and stop loss, I can stick to the stop loss, my problem is I can't stick to the TP. The risk management is there it's just my brain ruins it
  • #532,683
  • Jul 2, 2020 11:28am Jul 2, 2020 11:28am
Quoting Scotteyy
{quote} I guess it depends on trading style, however my profit factor is a lot lower then I want it to be. Even in my profitable months my profit factor is less than 1, just my win rate is 60-70%. I'd prefer a profit factor of around 1.5-2 but I keep taking profits too early! I also hope to go long at the confluence of daily pivot and 15m 200EMA/1h 50 EMA but will wait to see price action around this point.
I have thought about this a long time and you know what I think you might be right.

If you are a person who does not like to lose and enjoys a high win rate. Then take the bugs bunny.

but

If you can shrug off the losses and have a high risk reward, with less wins, then this suits you.
Don't trade what you think. Just what you see!!!
  • #532,684
  • Jul 2, 2020 11:28am Jul 2, 2020 11:28am
Quoting Scotteyy
{quote} I know my target and stop loss, I can stick to the stop loss, my problem is I can't stick to the TP. The risk management is there it's just my brain ruins it
For that trailing the SL can work out but during the trade running time dont get impulsive. My two cents.
WARNING: This post warps space and time in its vicinity.
  • #532,685
  • Jul 2, 2020 11:30am Jul 2, 2020 11:30am
Retrace if it is 23%right now 2463...38% 2423 and it meets 20/50 ema at the same time on 4 hour ...61.8 was a bounce so 50% 2392 area . So note them for now 2380 is a low breakout test on tl . So that’s a good one please
  • #532,686
  • Jul 2, 2020 11:30am Jul 2, 2020 11:30am
Quoting Georginson
{quote} Hold sell positions from 1.2520... Do not close until at least 1.2350... Wait for more directive
Boss I closed 2 positions earlier with 35 pips profit each. Just one open position now for long run. It's open until your next instructions.
  • #532,687
  • Jul 2, 2020 11:32am Jul 2, 2020 11:32am
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see the boys fake out at the top .. lol boys ... sneeeeeky cable and targets I hope going down . Please play your own trade
  • #532,688
  • Jul 2, 2020 11:34am Jul 2, 2020 11:34am
Quoting Maverick10
{quote} 245 would be great if it reaches there.
Is this your first time here
  • #532,689
  • Jul 2, 2020 11:34am Jul 2, 2020 11:34am
Quoting Theoak
{quote} I have thought about this a long time and you know what I think you might be right. If you are a person who does not like to lose and enjoys a high win rate. Then take the bugs bunny. but If you can shrug off the losses and have a high risk reward, with less wins, then this suits you.

I guess for me as a newbie its about staying on the winning side and not losing, and so far so good. I have stayed profitable thus far. June was my 1st full month of trading
I trade my own information and follow my own methods.
  • #532,690
  • Jul 2, 2020 11:38am Jul 2, 2020 11:38am
no matter what: preserve your capital.
If you enter a trade you expect a certain movement.
If it does not happen: dump it.
in wondering about yourself, you forgot what you came here to be part of
  • #532,691
  • Jul 2, 2020 11:52am Jul 2, 2020 11:52am
Quoting elbert3
{quote} Is this your first time here
Not really but I dont see how is that relevant.
  • #532,692
  • Jul 2, 2020 11:56am Jul 2, 2020 11:56am
Quoting haathmilao
{quote} Boss I closed 2 positions earlier with 35 pips profit each. Just one open position now for long run. It's open until your next instructions.
You are doing good
Data + Stat + Risk/Emotions Management
  • #532,693
  • Jul 2, 2020 11:57am Jul 2, 2020 11:57am
Quoting newmilly
{quote} I guess for me as a newbie its about staying on the winning side and not losing
Everybody can win, its more important to learn to lose. If you do that, you will lose small. Most people can't accept a loss mentally even after years of trading. I think its better to learn it quickly, I wish somebody told me when I started.
Everyone can see the chart, but only a few can actually read it.
  • #532,694
  • Jul 2, 2020 12:12pm Jul 2, 2020 12:12pm
Quoting Maverick10
{quote} Not really but I dont see how is that relevant.
Just asking I am sure there was a trader with more or less same name
  • #532,695
  • Jul 2, 2020 12:16pm Jul 2, 2020 12:16pm
Long in at 1.2466 sl 1.2458 target 1.2482ish
Don't trade what you think. Just what you see!!!
  • #532,696
  • Jul 2, 2020 12:22pm Jul 2, 2020 12:22pm
Quoting Wavegarrick
{quote} Hi Guys, Exact touch of my weekly res 1 at 1.24839 my future daily pivot at 1.24402 ish and if anything I would look at adding there based on current momentum. Having said, I would not be surprised if price overshoots to the round number 1.25000 Cheers. {image}
Hi Guys,

Just entered a buy trade. Stop loss 50 pips.

trafe safe.
Cheers
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Trade to trade another day
  • #532,697
  • Jul 2, 2020 12:25pm Jul 2, 2020 12:25pm
Momentum is confirming signs of weakness. Will be entering short in a moment. First Target down to 1.239xx then I will decide at that level based on PA. I might be

wrong. I will be trailing the SL.

Cheers
TW
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  • #532,698
  • Jul 2, 2020 12:27pm Jul 2, 2020 12:27pm
scalped 62 target 2470 /74 then sell but on manage for now sell order on the 2460
  • #532,699
  • Jul 2, 2020 12:28pm Jul 2, 2020 12:28pm
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yes yes yes
  • #532,700
  • Jul 2, 2020 12:30pm Jul 2, 2020 12:30pm
Quoting Moty
{image}
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lol
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