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Cable Update (GBPUSD)

  • #532,861
  • Jul 3, 2020 5:28am Jul 3, 2020 5:28am
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scalp
  • #532,862
  • Jul 3, 2020 5:28am Jul 3, 2020 5:28am
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yes yes yes
  • #532,863
  • Jul 3, 2020 5:44am Jul 3, 2020 5:44am
Gonna skip today, that early opportunity missed has got me on tilt . Good luck all
  • #532,864
  • Jul 3, 2020 5:48am Jul 3, 2020 5:48am
Quoting Moty
{image}{image}{image}
Hi Moty,

We have 3 charts
1 Hr - 94% sell
15min - 84% sel
15min - 81% buy

What are we doing? Long or short?
Don't trade what you think. Just what you see!!!
  • #532,865
  • Jul 3, 2020 5:49am Jul 3, 2020 5:49am
Quoting Theoak
{quote} Hi Moty, We have 3 charts 1 Hr - 94% sell 15min - 84% sel 15min - 81% buy What are we doing? Long or short?
The third is dollar, so I assume sell.
  • #532,866
  • Jul 3, 2020 5:55am Jul 3, 2020 5:55am
Quoting OnlineAddict
{quote} I hope the session won't be dead. Wouldn't give us much of a clue towards monday.
Looks like today is dead and NY session won't make it better, most probably. Better to start the weekend early.
Everyone can see the chart, but only a few can actually read it.
  • #532,867
  • Jul 3, 2020 5:57am Jul 3, 2020 5:57am
Quoting Theoak
{quote} Hi Moty, We have 3 charts 1 Hr - 94% sell 15min - 84% sel 15min - 81% buy What are we doing? Long or short?
The buy is on the dollar index, sells on GU pair so it correlates. Sorry Scotteyy just seen your reply - yep. Rgds, Angus
  • #532,868
  • Jul 3, 2020 6:00am Jul 3, 2020 6:00am
Quoting adc
{quote} The buy is on the dollar index, sells on GU pair so it correlates. Rgds, Angus
Cheers
Don't trade what you think. Just what you see!!!
  • #532,869
  • Jul 3, 2020 6:05am Jul 3, 2020 6:05am
Sl move to be 1.24640
Tp stayes the same 1.24120
yes yes yes
  • #532,870
  • Jul 3, 2020 6:24am Jul 3, 2020 6:24am
FIBO based on yesterday.

Take your call on buy or sell. This first thing you must do.

Then if If you decide to sell, 38 % to 61 %.

If you decide to buy, 38 to 61 %.

see how good, the price respects those fibos
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Intraday only.
  • #532,871
  • Jul 3, 2020 6:26am Jul 3, 2020 6:26am
Quoting OnlineAddict
{quote} Looks like today is dead and NY session won't make it better, most probably. Better to start the weekend early.
I did not close my chart yet. watching.

small money made.

After giving back to market some.
Intraday only.
  • #532,872
  • Jul 3, 2020 6:29am Jul 3, 2020 6:29am
Die gu die
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yes yes yes
  • #532,873
  • Jul 3, 2020 6:37am Jul 3, 2020 6:37am
Quoting Aghostinplai
For those who have lost a huge part of their bank, how did you build it back up?
Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below...

SPECIALIZATION:-
Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence.

CLARITY OF PLAN:-
Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance.

DIVERSIFY YOUR PORTFOLIO:-
Endeavor to have at least two trading accounts, FIRST ACCOUNT FOR SCALPING and the SECOND ACCOUNT FOR SWING. Most times we are compelled to SCALPING each and every 10-30 pips move which usually works out in a ranging market condition then lose it during break outs and volatile market trend... That's where SWING comes in which allows for trades to run for a longer period without compulsion to catch every opportunity.

REDUCE YOUR LEVERAGE:-
Leverage is a double edged sword, can make you proper faster and can make you crash funds with speed too. Reducing your leverage will in turn reduce your risk exposure.

CONSIDER LOWER LOT SIZES:-
When you are on a run of winning trades, your confidence will definitely skyrocket and you will feel invincible, that is when caution of lot sizes should be observed... Maintain same lot size even after 100% growth of the account.

AVOID PRICE TRAP:-
Buying at a higher price or selling at a lower price simply because price is trading in a tight range at that level is a recipe for disaster, know when to Stand aside and when to exit. Leave the trade when the euphoria is loud.

When the sentiment of the market towards a particular direction is at its strongest is when you should stand aside and observe carefully. Distract yourself with other things to avoid over trading or compulsion to trade any price you see.

I hope this helps a little...

Recover and overtake with believe!
Data + Stat + Risk/Emotions Management
  • #532,874
  • Jul 3, 2020 6:51am Jul 3, 2020 6:51am
Quoting Georginson
{quote} Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below... SPECIALIZATION:- Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence. CLARITY OF PLAN:- Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance. DIVERSIFY YOUR...

i can not refrain from appreciating this post.
Intraday only.
  • #532,875
  • Jul 3, 2020 6:53am Jul 3, 2020 6:53am
Quoting navk
{quote} i can not refrain from appreciating this post.
Thanks
Data + Stat + Risk/Emotions Management
  • #532,876
  • Edited 7:08am Jul 3, 2020 6:56am | Edited 7:08am
Quoting navk
{quote} I did not close my chart yet. watching. small money made. After giving back to market some.
Maybe today should be looked at as monday. The major news we had yesterday, would be friday news, if it wasn't a holiday weekend. The PA also looked like typical friday PA...so today is a slow monday then.
Everyone can see the chart, but only a few can actually read it.
  • #532,877
  • Jul 3, 2020 7:04am Jul 3, 2020 7:04am
Quoting Georginson
{quote} Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below... SPECIALIZATION:- Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence. CLARITY OF PLAN:- Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance. DIVERSIFY YOUR...

You are doing a great job Georginson. I have been following your posts and learning a lot, especially with what you said about average weekly and monthly ranges. Thanks for your efforts here. More grease to your elbow. Nothing do you my brother.
  • #532,878
  • Jul 3, 2020 7:06am Jul 3, 2020 7:06am
Quoting Georginson
{quote} Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below... SPECIALIZATION:- Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence. CLARITY OF PLAN:- Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance. DIVERSIFY YOUR...
Now,this is great post .

Well done .
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #532,879
  • Jul 3, 2020 7:15am Jul 3, 2020 7:15am
Quoting Georginson
{quote} Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below... SPECIALIZATION:- Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence. CLARITY OF PLAN:- Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance. DIVERSIFY YOUR...
Thanks.. I won't give up. I have learnt why everyone emphasize on bankroll management. It's a big loss for me today but I will bounce back.
  • #532,880
  • Jul 3, 2020 7:27am Jul 3, 2020 7:27am
Quoting ghenghen
{quote} You are doing a great job Georginson. I have been following your posts and learning a lot, especially with what you said about average weekly and monthly ranges. Thanks for your efforts here. More grease to your elbow. Nothing do you my brother.
Thanks
Data + Stat + Risk/Emotions Management
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