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Cable Update (GBPUSD)

  • #533,461
  • Jul 7, 2020 7:03am Jul 7, 2020 7:03am
Quoting gatenio
{quote} nice price, 12345
Quite interesting number lol.. What a number I keep asking myself..

StaySafe
  • #533,462
  • Jul 7, 2020 7:03am Jul 7, 2020 7:03am
Taking off some profits here 252x

No shorts at all for me
COT: The precious data ignored
  • #533,463
  • Jul 7, 2020 7:04am Jul 7, 2020 7:04am
Quoting Moty
{quote} what can i say ? next time i will consider exit manually when the dx reach an importunate area {image}
You are pivot trader, I fail to understand why you did not book your profits at S1

May be greedyness?

Sorry, if i offended you
Intraday only.
  • #533,464
  • Jul 7, 2020 7:04am Jul 7, 2020 7:04am
Quoting kuroro001
{quote} Sorry to bother you but i'm not spending my days reading your posts, i can't really know what you said And about the "most here are longs" is something i would call useless. I have seen days where all are right, other where all are wrong But if it works for you, so be it Take care
Oh yeah? here you are responding to them

Stick around and you may learn new tricks

StaySafe
  • #533,465
  • Jul 7, 2020 7:06am Jul 7, 2020 7:06am
We should observe the close of the current 4H candle(after about 60 min)..it will be critical for either a large move up ( CLEAR close above 1.2530 ) or a large move down (any bearish candle shape closing below 1.2530). I'm sidelines right now.
  • #533,466
  • Jul 7, 2020 7:08am Jul 7, 2020 7:08am
Quoting trumps
Cowabunga, Bulls showing more force. 1.26 on near horizon.
Go Go Gadget
Compulsions can be hard to resist
  • #533,467
  • Jul 7, 2020 7:10am Jul 7, 2020 7:10am
Quoting Moty
{quote} what can i say ? next time i will consider exit manually when the dx reach an importunate area {image}
How many times are you going to poke yourself in the eye with a sharp stick until you get the message, Never add to losing positions.

I think you have formed a habit in your trading repeating the same thing over and over. It might work 99% of the time but that 1% is a killer.
  • #533,468
  • Jul 7, 2020 7:12am Jul 7, 2020 7:12am
Quoting JayBag
{quote} Oh yeah? here you are responding to them Stick around and you may learn new tricks StaySafe
hahah sure, responding to 5 people is looking at all retailers

And no thanks for your proposition but appreciated...
COT: The precious data ignored
  • #533,469
  • Jul 7, 2020 7:19am Jul 7, 2020 7:19am
Never catch the noise ... just catch the signal and fun
not euphoria follower
  • #533,470
  • Jul 7, 2020 7:19am Jul 7, 2020 7:19am
Most on myfxbook and Forex Factory are short GBPUSD
Compulsions can be hard to resist
  • #533,471
  • Jul 7, 2020 7:21am Jul 7, 2020 7:21am
Lol.. is there really a point to bash or keep quoting MOTY? or we just want to feel better by quoting him after the fact?

Nah, I think we are all bunch of newbies here anyway (no matter how long you been trading). Moty makes the same mistakes we all make here.. No one knows what would happen in this market hence we all speculate. And because nobody knows anything (including me) , that's why I never play around with my margin level (NEVER)

That's my only safety net and I know this very well ..
I have high regard for MOTY because he posts upfront and let you know/see he's weakness. He's not fake

He makes profits too

Unless you make profit on every trade you take, you have no right to bash anyone.. Not even jokingly or however way..
We all act sharp and stuff until it's time to upload a 3months old TE

StaySafe everyone
  • #533,472
  • Jul 7, 2020 7:22am Jul 7, 2020 7:22am
Quoting Nala66
{quote} How many times are you going to poke yourself in the eye with a sharp stick until you get the message, Never add to losing positions. I think you have formed a habit in your trading repeating the same thing over and over. It might work 99% of the time but that 1% is a killer.
And that killer takes away the 99%. Been there. Done that. Multiple times.

adding to losing positions and trading without SL’s. One day or another you will lose and you will lose big.
  • #533,473
  • Jul 7, 2020 7:41am Jul 7, 2020 7:41am
Can we keep the dicks measuring to the minimum on focus on the trading maybe, just maybe.

My BB's are tingling, maybe it's time for some selling... till 1.24660
Patience and Discipline.
  • #533,474
  • Jul 7, 2020 7:41am Jul 7, 2020 7:41am
It looks like it will be another consolidated month.
  • #533,475
  • Jul 7, 2020 7:42am Jul 7, 2020 7:42am
...some sellers up to 2529 swing hi but pressure isn't great so far.....certainly reg bearish div but to 5min only there (on my osc settings anyway.) Break or bounce here ? If 4hr closes near it's high it will bullishly engulf last 8 candles on that t/f (17mins to go)- on this 4hr anyways (I know other closes are different.)

2543 the more major swing point so may see sellers leading up to that if seen.
Trader with an Edge.
  • #533,476
  • Jul 7, 2020 7:44am Jul 7, 2020 7:44am
Quoting JayBag
Lol.. is there really a point to bash or keep quoting MOTY? or we just want to feel better by quoting him after the fact? Nah, I think we are all bunch of newbies here anyway (no matter how long you been trading). Moty makes the same mistakes we all make here.. No one knows what would happen in this market hence we all speculate. And because nobody knows anything (including me) , that's why I never play around with my margin level (NEVER) That's my only safety net and I know this very well .. I have high regard for MOTY because he posts upfront...
most of them , give me a friendly criticism.
i need this , i am also do so , maybe to make me not repeat the some mistakes .
i need to say those things out load , that it will eventually enter my brain .
i appreciate your comment due
yes yes yes
  • #533,477
  • Jul 7, 2020 7:46am Jul 7, 2020 7:46am
Quoting Headland
...some sellers up to 2529 swing hi but pressure isn't great so far.....certainly reg bearish div but to 5min only there (on my osc settings anyway.) Break or bounce here ? If 4hr closes near it's high it will bullishly engulf last 8 candles on that t/f (17mins to go)- on this 4hr anyways (I know other closes are different.) 2543 the more major swing point so may see sellers leading up to that if seen.
Bullish engulfing,but in the range,doesn't it look weird?
  • #533,478
  • Jul 7, 2020 7:46am Jul 7, 2020 7:46am
Quoting Maverick10
{quote} And that killer takes away the 99%. Been there. Done that. Multiple times. adding to losing positions and trading without SL’s. One day or another you will lose and you will lose big.
If only people take out the time to understand money management, then trading will so much easier. The truth is I stop losing to the market long ago. If I am in a losing position, I don't add to it, can hold it for as long as possible even over a year. It's a learning experience always for me. I do my analysis well, and before I open a position, I know what I saw, and believe solely in my system both in winning and losing conditions. Loss is an opportunity to learn something you missed actually. Money management is key and that is the key to the castle of your account. Never ever ever add to a losing position, Never. Cheers guys and stay discipline because Forex trading is a business, and should be treated as one.
It is all about the foreign exchange market.
  • #533,479
  • Jul 7, 2020 7:48am Jul 7, 2020 7:48am
Quoting Maverick10
{quote} And that killer takes away the 99%. Been there. Done that. Multiple times. adding to losing positions and trading without SL’s. One day or another you will lose and you will lose big.
Unfortunately this is me right now... hoping and praying not going to help me if this price goes any further
I trade my own information and follow my own methods.
  • #533,480
  • Jul 7, 2020 7:48am Jul 7, 2020 7:48am
Quoting goldencalf
{quote} Bullish engulfing,but in the range,doesn't it look weird?
bullishly engulfing the range - could be instructive ?
Trader with an Edge.
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