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Cable Update (GBPUSD)

  • #536,781
  • Jul 20, 2020 8:02pm Jul 20, 2020 8:02pm
Quoting RRealSoldier
Cable submarine gonna dive again in the upcoming week, trust me guys cable gonna punish if you aginst its longterm trend.

Hope the best entry point will be 1.2400 at the time of retracement.
Sooo

Another blabber

How's that entry super short blaaaaaa TRUST ME GUYS blaaaaa
Beware of robber banks (RB), bad advisors.
  • #536,782
  • Jul 20, 2020 8:03pm Jul 20, 2020 8:03pm
Quoting navk
{quote} something cooking up. I too took good amount of loss.
Appreciate the transparency brother
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,783
  • Jul 20, 2020 8:04pm Jul 20, 2020 8:04pm
Quoting Not-KPMG
{quote} Good lie. I won't bother to find your and Onlinus lies but all sounded VEEEERY SHORT Whaaaaaat happened
Lol .. I remember you laughed at me when I took a buy from 1.23 level last day of June, now you are back again ... I will send some butterflies to your belly.
Data + Stat + Risk/Emotions Management
  • #536,784
  • Jul 20, 2020 8:04pm Jul 20, 2020 8:04pm
Quoting RRealSoldier
Time to play the game
Dumb game????
You winning??
Beware of robber banks (RB), bad advisors.
  • #536,785
  • Jul 20, 2020 8:06pm Jul 20, 2020 8:06pm
Go with the flow.. I close my sell
Attached Image (click to enlarge)
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Le$$ I$ More
  • #536,786
  • Jul 20, 2020 8:07pm Jul 20, 2020 8:07pm
Quoting mastersplint
{quote} Appreciate the transparency brother
there is nothing to hide.

No use of showing ourselves as hero here.

Unless we have commercial intentions, which is not the case
Intraday only.
  • #536,787
  • Jul 20, 2020 8:10pm Jul 20, 2020 8:10pm
Quoting Roszey
Go with the flow.. I close my sell {image}
can i post mine too mate?
just for a cup of coffee...
  • #536,788
  • Jul 20, 2020 8:10pm Jul 20, 2020 8:10pm
Quoting Georginson
{quote} Lol .. I remember you laughed at me when I took a buy from 1.23 level last day of June, now you are back again ... I will send some butterflies to your belly.
holding a negative position is okay but adding to it is a true recipe for failure, if only i kept buying with higher lot all the while you were shouting it's going to drop i would have recovered from my loss and waited for the fall
  • #536,789
  • Jul 20, 2020 8:12pm Jul 20, 2020 8:12pm
Quoting Georginson
{quote} I will give detailed view of this bearish bias... Just give some time to post


Good bearish bias
Beware of robber banks (RB), bad advisors.
  • #536,790
  • Jul 20, 2020 8:14pm Jul 20, 2020 8:14pm
above 2650, i want to buy it for 2710
Intraday only.
  • #536,791
  • Jul 20, 2020 8:15pm Jul 20, 2020 8:15pm
Quoting Georginson
{quote}... . The selling target is within 1.2099/1.2199 levels.
Soooo?????
1.21 we should expect....??? This week

Ohhh the fun I get in 5 minute searching
Beware of robber banks (RB), bad advisors.
  • #536,792
  • Jul 20, 2020 8:27pm Jul 20, 2020 8:27pm
Quoting Not-KPMG
{quote} Soooo????? 1.21 we should expect....??? This week Ohhh the fun I get in 5 minute searching
pls ignore him he fails to realize that the market would have gone over 500pips for a buy before selling back to those prices so he wants us to just sit and watch it buy and fold our hands waiting for the sell to start
  • #536,793
  • Jul 20, 2020 8:28pm Jul 20, 2020 8:28pm
Quoting navk
{quote} what made this pair to go up like this without retrace, any idea ?
May be it was time, if direction is up,why it should stop? We already had many stops,up and down,and if something doesn't fall,goes up
  • #536,794
  • Jul 20, 2020 8:29pm Jul 20, 2020 8:29pm
Quoting epzero
{quote} holding a negative position is okay but adding to it is a true recipe for failure, if only i kept buying with higher lot all the while you were shouting it's going to drop i would have recovered from my loss and waited for the fall
mate..
can i ask you 1 question?
just for a cup of coffee...
  • #536,795
  • Jul 20, 2020 8:30pm Jul 20, 2020 8:30pm
Quoting epzero
{quote} holding a negative position is okay but adding to it is a true recipe for failure, if only i kept buying with higher lot all the while you were shouting it's going to drop i would have recovered from my loss and waited for the fall
Now here are my sell levels once more 1.2550, 1.2620 and 1.27 sell limit. My stake level is 3% at 1.2550, 4% at 1.2620 and potential 3% at 1.2700 sell limit.

My drawdown stands at 6% as I type and no reason to worry as risk management plan was already in place with the spacing method, I can tolerate floating negative of 300 pips and still use other entries above to eke out my profit.

Should 1.2700 sell limit gets triggered, the sell from 1.2550 will be negative 150 pips, the second sell at 1.2620 will be negative 80 pips while the new sell at 1.2700 will be neutral...

Should price drop back to 1.2550, the first sell will break even, the second sell will have 70 pips profit, the third sell will have 150 pips profit simply because they are well spaced.

Now the risk Management has been applied by staking smaller % of my account at each level. Even if price attacks maximum risk of 1.2817, my drawdown will be 20% of equity, which will still recover as price will give some retracement of at least 200 pips before another surge.

Here is my application process and different approach from different traders. Before following anyone, try to understand how they manage their risks and trade models if it is swing, intra day or scalp approach.

We have many fantastic traders doing intra day that wouldn't fit it into swing trades as it's not in alignment with their model, so are some swing traders will also not fancy 20 - 30 pips target with tight stop loss

As Navk rightly said, state the trade pattern from your post or signature if it is swing, scalp or intra day so as not to mislead anyone, which I have strictly adhered to when giving out information on this site.

I did state clearly so many times that 1.2720 is the probable risk which swing traders that are selling should prepare for.

If by chance anyone has been confused or misled through my analysis, here is my apology.

I stand to contribute to this thread and will not be discouraged and I still maintain my positions of selling from the levels I stated above.

Peace.
Data + Stat + Risk/Emotions Management
  • #536,796
  • Jul 20, 2020 8:30pm Jul 20, 2020 8:30pm
Quoting Mr.Tea
{quote} What is if your wrong and we shoot up? I respect your Lvls, your Analyse and your trading style. We cant look into the future, only Banks could do it, so why shorting instead of going long and book profits? At the Moment every News around the World is like a smal ticking Bomb to make People Mad and scared. I also respect the bigger horizon at those things. Keep it up, love to read different kind of Psychology and views of the Market Mr.T

I to am on the side of it shooting long. Sentiment is high to sell at these levels here. All the more reason for the banks to stretch this level and pop stop losses as well as small accounts. We have all seen it before. A level that everyone says is the reversal. It stalls.. acts like it will go as expected and then shoots in a different direction on some sort of news.
Don't compare your trades to others. Most often the masses are the asses
  • #536,797
  • Jul 20, 2020 8:33pm Jul 20, 2020 8:33pm
i am adding shorts, all small lots.....from 2675 to 2710. for a target close to 2614 later in NY session.

if the price falls close to 2650 , i would buy and buy only if it does not break 2650 in frankfurt/London sessions.
Intraday only.
  • #536,798
  • Jul 20, 2020 8:33pm Jul 20, 2020 8:33pm
Quoting Not-KPMG
{quote} Soooo????? 1.21 we should expect....??? This week Ohhh the fun I get in 5 minute searching
Bruh, unless you have something to contribute or useful to say. Just keep it to yourself.
We don't need negativity in this group.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,799
  • Jul 20, 2020 8:36pm Jul 20, 2020 8:36pm
Quoting Georginson
{quote} Now here are my sell levels once more 1.2550, 1.2620 and 1.27 sell limit. My stake level is 3% at 1.2550, 4% at 1.2620 and potential 3% at 1.2700 sell limit. My drawdown stands at 6% as I type and no reason to worry as risk management plan was already in place with the spacing method, I can tolerate floating negative of 300 pips and still use other entries above to eke out my profit. Should 1.2700 sell limit gets triggered, the sell from 1.2550 will be negative 150 pips, the second sell at 1.2620 will be negative 80 pips while the new sell...
my question to you is this, so what happens when cable breaks this price range and goes to 1.3 ?????
  • #536,800
  • Jul 20, 2020 8:38pm Jul 20, 2020 8:38pm
Quoting epzero
{quote} when i contacted you the market was trading around 1.24 and you kept saying it will drop till date all it has done is rise so imaging 1.27 from 1.24 300pips gone against me and your still misleading people making them believe they shouldn't buy and wait for the sell, yet you keep telling them to re enter new sells at higher price
Mate, don't you have your own strategy?
Don't you have a stop loss region?
Don't blame others for a trade you decided to take. No one forced you.
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