Cable Update (GBPUSD)

Quoting knkie

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in the spirit of the 20 pip discussion earlier in the thread: BUY 2632 20 pip trgt M1 chart {image}

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Quoting OnlineAddict

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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.

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Quoting Torzone

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Looks like a double top. Good chance to start entering shorts.

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Quoting donfriday

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{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

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Quoting martinez1

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{quote} Yea agree with you, we might not know when but with the way it going, it's to drop and heavily

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Quoting elbert3

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{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

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Quoting Headland

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{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...

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Quoting OnlineAddict

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{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.

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Quoting kuroro001

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{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

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Quoting navk

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{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.

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Quoting martinez1

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{quote} Well, somethings are worth trying it but it's going to be easy if i can afford to loose it

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