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Cable Update (GBPUSD)

  • #535,041
  • Jul 12, 2020 9:26pm Jul 12, 2020 9:26pm
all my Asian session trades TP hit .

Check my demo theread.

https://www.forexfactory.com/showthr...7#post13055507
Intraday only.
  • #535,042
  • Jul 12, 2020 9:36pm Jul 12, 2020 9:36pm
Quoting knkie
in the spirit of the 20 pip discussion earlier in the thread: BUY 2632 20 pip trgt M1 chart {image}
Hit
PA Return Today: 0.3%
  • #535,043
  • Jul 12, 2020 9:41pm Jul 12, 2020 9:41pm
sell at 2663. sl 30pips. tp 2580 (manual).
let see what will happen
row row row your boat
  • #535,044
  • Jul 12, 2020 10:11pm Jul 12, 2020 10:11pm
Quoting OnlineAddict
Monday should be easy...Tokyo up from 2620...London down from whatever the "night" brings , if its 2650, or higher. Would be nice if they broke 2660 for a good short.
2655 hit...
Everyone can see the chart, but only a few can actually read it.
  • #535,045
  • Jul 12, 2020 10:25pm Jul 12, 2020 10:25pm
As long as the daily close remains above 1.26, we could well see a new high form a bearish harmonic on the 1hr.

Either a bullish continuation or bull trap and short squeeze.
Compulsions can be hard to resist
  • #535,046
  • Jul 12, 2020 10:59pm Jul 12, 2020 10:59pm
weekly look like 2720 is a magnet.
maybe a rise of 40 pips soon, but is really hard to tell atm, im holding some shorts down there.
wont add nothing more until i get really good signs.
  • #535,047
  • Jul 12, 2020 11:16pm Jul 12, 2020 11:16pm
Looks like a double top. Good chance to start entering shorts.
  • #535,048
  • Jul 12, 2020 11:27pm Jul 12, 2020 11:27pm
Just relax ......
not euphoria follower
  • #535,049
  • Jul 12, 2020 11:39pm Jul 12, 2020 11:39pm
Quoting Torzone
Looks like a double top. Good chance to start entering shorts.
why double? triple
  • #535,050
  • Jul 12, 2020 11:42pm Jul 12, 2020 11:42pm
switched to long at the market open .
made 30 pips and got out just now , gaining the same amount of the loss on the short.
it's a new week , a new day.
waiting for price to arrive to impotent area
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 34 KB
yes yes yes
  • #535,051
  • Jul 12, 2020 11:42pm Jul 12, 2020 11:42pm
Quoting donfriday
{quote} Boss look at your chart it doesnt look bullish but also the bulls may take it to 1.28 after watching your daily chart clearly i notice few things 1 we had heavy drop and later consolidated 2 every time price rise into HH price drop 3 i see buyers push price up every time but due to the main cloud they are is heavily bearish the buyers look weak 4 the buyer dont look healthy because every little HH they drop back down price may continue this way and hit 1.28 without momentum but in the long run i think GU will drop hard soon
Yea agree with you, we might not know when but with the way it going, it's to drop and heavily
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,052
  • Jul 12, 2020 11:47pm Jul 12, 2020 11:47pm
Quoting martinez1
{quote} Yea agree with you, we might not know when but with the way it going, it's to drop and heavily
There is negative divergence on GBPUSD (H1 time frame).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_MACD_DIV.PNG Size: 33 KB
  • #535,053
  • Jul 12, 2020 11:49pm Jul 12, 2020 11:49pm
. . .
  • #535,054
  • Jul 12, 2020 11:51pm Jul 12, 2020 11:51pm
Quoting elbert3
{quote} Hi sorry that’s a bit of a strange question for you to ask as you have been here a long time so in that thinking you have been trading the same amount .. surly the spread on that amount would tell you the outcome . As soon as you open the trade you need to be pretty sure your in the right entry point . I have done 50 in my time but got bitten on the bum . So my max now would be 20 . But again depending on my entry thoughts . Regards E
Yes, i understand about liquidity at that time affecting your entry and closing depending on your lot, the time of the day you trading that kind of lot and so many other factors, but you see even when you know this things and am not trading that large lot currently i still needed to look around if will fine anyone trading on such lot here.

Thank you Sir i appreciate your reply
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,055
  • Jul 13, 2020 12:02am Jul 13, 2020 12:02am
Quoting Headland
{quote} By trading 1 lot from $1000 or $2000 you are talking about 100:1 or 50:1 leverage respectively. Your scenario doesn't take into account the negative and destabilising effects of a loss of say 15-20% (using the 100:1 example) if your stop is hit to say nothing of 2+ consecutive losing trades or more. Rate of recovery required % increases (ie amount of recovery as a % of your remaining margin after such a loss ] Ie after say a loss of 20% you need a recovery of 25% ie 20 pips as a % of 80% remaining margin = 25%. It is the psychology of...
Yes, i agree to totally about the roll your psychology, your psychology must me proven and tested, you stick to how your trade even when your going to 1 dollar acct balance and the only way that can be is risking money you can afford to loose in totality
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,056
  • Jul 13, 2020 12:06am Jul 13, 2020 12:06am
Quoting OnlineAddict
{quote} Impossible. Brain knows there is nothing to lose on demo...trader makes completely different trades as on a real account. Psychology is 50-80% of trading and fear is an important part of that psychology.
yea, our brain knows that no matter how you want to pretend
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,057
  • Jul 13, 2020 12:22am Jul 13, 2020 12:22am
Quoting kuroro001
{quote} 20r = 20% ? from 1000 dollar, you make 20% per week you have 39billions within a year? That's something nice But looking at this thread, everytime i read it, i see people making 10/15% a day/Week...they should be millionnaire I'm happy with 1/2% honestly, and struggling sometimes, so hearing 10% a day makes me laugh
I noticed one thing about myself, some times i make up to 30% in a week but i don't fail because of the system i fail because of lack of patient, indiscipline, bad
psychology.
I will often take trades follow the market, get syn with the market and immediately i missed one trade or more, it will feel like my whole world as crumble and suddenly i would do something else and keep revenging till i loose that account or become so little
that i can no longer trade with it and this has cost me years before knowing what was wrong and try to masters it, i mean years, this is apart from the years that i didn't even know or recognize a profitable system.
Taking the two into account that will tell the numbers of years have spent wandering in the wilderness
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,058
  • Jul 13, 2020 12:31am Jul 13, 2020 12:31am
Quoting navk
{quote} All I agree about the risk that is posted. But to be honest, any retail trader is consistent in conventional method ? Try differently and make fortune out of it. Some businessmen, I heard go aggressive until he makes the first 100,000 and then turn to conventional.
Well, somethings are worth trying it but it's going to be easy if i can afford to loose it
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,059
  • Jul 13, 2020 12:46am Jul 13, 2020 12:46am
Quoting martinez1
{quote} Well, somethings are worth trying it but it's going to be easy if i can afford to loose it
in any case ( except 5 % ) will loose, so why not try something different ?

Or slog in the PC by trading 0.01 and 0.02 lots and those trades going against you for a week.

lol
Intraday only.
  • #535,060
  • Jul 13, 2020 12:47am Jul 13, 2020 12:47am
This is what i see, just a friendly share. Maybe safe now to make it to 2730? I will try
Attached Image (click to enlarge)
Click to Enlarge Name: tvc_db3ce90a72a3830a4218a5c6af0bdafc.png Size: 37 KB
Emotional Control. Process, not outcome.
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