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Cable Update (GBPUSD)

  • #535,341
  • Jul 14, 2020 7:08am Jul 14, 2020 7:08am
Quoting WizardTrade
{quote} Holding the trades only happens when you plan the trades ahead of taking them. The only thing which causes premature closure of trades is due to the frustration because of not thought out potential losses. Always consider the loss you gonna bear first then plan the lot size and then set and forget for a while till the price shows some major price action changes. My view based on my experience and most of all here will agree. TW
I do plan my trades it's just as soon as I see profit I'm itching to take it, then it will end up going to my pre-planned TP anyway... Im considering doing a more set and forget approach tbh, I think one of the problem's is I sit watching the charts all day so if its not moving fast or in my direction I'm itching to get out. Someone mentioned moving SL to BE+1 after it moves 10 pips into profit, I may start doing that as it may help the psychological battle that it could go all the way back and stop me out.
  • #535,342
  • Jul 14, 2020 7:09am Jul 14, 2020 7:09am
testing London high atm, break and 12555 is next R, then 1270+ and then the safe spot- DPP
  • #535,343
  • Jul 14, 2020 7:11am Jul 14, 2020 7:11am
Quoting Scotteyy
{quote} I do plan my trades it's just as soon as I see profit I'm itching to take it, then it will end up going to my pre-planned TP anyway... Im considering doing a more set and forget approach tbh, I think one of the problem's is I sit watching the charts all day so if its not moving fast or in my direction I'm itching to get out. Someone mentioned moving SL to BE+1 after it moves 10 pips into profit, I may start doing that as it may help the psychological battle that it could go all the way back and stop me out.
Yes that would be quite helpful. Try considering the BE approach to trade management.

TW
WARNING: This post warps space and time in its vicinity.
  • #535,344
  • Jul 14, 2020 7:17am Jul 14, 2020 7:17am
Anyone else think this?

With all the technical tools, the charts available, and AI... How come everyone is not winning big time? Im sure the retail traders cannot cause everything happening in the market or can it be? And the MM just step in when things are not going their way?
I trade my own information and follow my own methods.
  • #535,345
  • Jul 14, 2020 7:23am Jul 14, 2020 7:23am
Quoting newmilly
Anyone else think this? With all the technical tools, the charts available, and AI... How come everyone is not winning big time? Im sure the retail traders cannot cause everything happening in the market or can it be? And the MM just step in when things are not going their way?
They know what we are planing even if the plan if for 2 years from now.
They see everything
  • #535,346
  • Jul 14, 2020 7:26am Jul 14, 2020 7:26am
Quoting newmilly
Anyone else think this? With all the technical tools, the charts available, and AI... How come everyone is not winning big time? Im sure the retail traders cannot cause everything happening in the market or can it be? And the MM just step in when things are not going their way?
Greed and Fear is the answer (These two off-chart factors matter the most and these make impulsive sellers and buyers lose ). It is a marathon not a sprint.
WARNING: This post warps space and time in its vicinity.
  • #535,347
  • Jul 14, 2020 7:28am Jul 14, 2020 7:28am
Imho not much doubt i this 4H chart. Nice M reversal and clear targets 1-2 weeks ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 85 KB
You cant beat the MM - so join them!!!
  • #535,348
  • Jul 14, 2020 7:28am Jul 14, 2020 7:28am
Quoting Moty
{quote} there is 30 pips difference , it's a lot {image}
playing with matches brother, good luck or you stopped out already.
i want the pivot or at least some fibo level after a drop late night.
  • #535,349
  • Jul 14, 2020 7:29am Jul 14, 2020 7:29am
Quoting Downey50
Imho not much doubt i this 4H chart. Nice M reversal and clear targets 1-2 weeks ahead. {image}
That is what my view too Cheers
WARNING: This post warps space and time in its vicinity.
  • #535,350
  • Jul 14, 2020 7:48am Jul 14, 2020 7:48am
I LOVE ENGULFING CANDLES
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 43 KB
Click to Enlarge Name: dx1.png Size: 40 KB
yes yes yes
  • #535,351
  • Jul 14, 2020 7:51am Jul 14, 2020 7:51am
Quoting Moty
I LOVE ENGULFING CANDLES {image} {image}
REVISED HAMMER SIZE
WARNING: This post warps space and time in its vicinity.
  • #535,352
  • Jul 14, 2020 7:51am Jul 14, 2020 7:51am
Today ADR is way to go.

So, IMO, the price breaks 2505 and going down or some time later today price tests 2590 or more.

watch out.
Intraday only.
  • #535,353
  • Jul 14, 2020 7:55am Jul 14, 2020 7:55am
My 2 tpīs are at 1.24900
lets goo teddy bear
  • #535,354
  • Jul 14, 2020 7:57am Jul 14, 2020 7:57am
Quoting HBN08
My 2 tpīs are at 1.24900 lets goo teddy bear
Ground is ready for the bears to have a chill party
WARNING: This post warps space and time in its vicinity.
  • #535,355
  • Jul 14, 2020 7:59am Jul 14, 2020 7:59am
sell @2515
tp 15 pips
not sure can it break 2500
let see what will happen next
  • #535,356
  • Jul 14, 2020 8:00am Jul 14, 2020 8:00am
Quoting WizardTrade
{quote} Ground is ready for the bears to have a chill party
Hope they take my tps to the party to
  • #535,357
  • Jul 14, 2020 8:01am Jul 14, 2020 8:01am
if 2505 breaks, it is for 2475 or more.

IMO
Intraday only.
  • #535,358
  • Jul 14, 2020 8:08am Jul 14, 2020 8:08am
It broke the support.

Now 2470 or more IMO
Intraday only.
  • #535,359
  • Jul 14, 2020 8:15am Jul 14, 2020 8:15am
Quoting navk
It broke the support. Now 2470 or more IMO
Are you a full-time Day trader?
  • #535,360
  • Jul 14, 2020 8:18am Jul 14, 2020 8:18am
Ok 1 tp achived puted the outher in 1.24500
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