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Cable Update (GBPUSD)

  • #537,161
  • Jul 21, 2020 11:45am Jul 21, 2020 11:45am
Quoting Moty
enough is enough {image} {image}
Depends a little how usddix candle closes above or below trend line i think :/
  • #537,162
  • Jul 21, 2020 11:49am Jul 21, 2020 11:49am
4H
I see i very good sell oportunity, ima wait this candle close
Moty what you think in 4H?
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  • #537,163
  • Jul 21, 2020 11:51am Jul 21, 2020 11:51am
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely.

My intention is to contribute and not to disorganize or misinform fellow traders.

I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity.

Now for me, I intend closing my short positions at 1.2500 level even if price reaches 1.2817 I will still have a good enough equity to wait for retracement for my entries at 1.2701, 1.2620 and 1.2555 levels.

In this note, I will not be posting anything here anymore but I will always be on the sideline observing activities on the thread.

Peace.
Data + Stat + Risk/Emotions Management
  • #537,164
  • Jul 21, 2020 11:52am Jul 21, 2020 11:52am
Just adding my 2cents, im a newbie in this game. (2nd month) Even tho i would do my research and analysis i come here to compare my charts and analysis and check if im on the right track. And I still blew my 2nd account yesterday atleast it was way smaller than the 1st account BUT i only have myself to blame, having to put money in again was hard but i thats part of the learning process. The market has been unpredictable and many of the more experienced guys have lost money this past week or 2. Even though there were so many warnings in this thread to be careful which i took into consideration but frustration, emotion and FOMO got the best of me yesterday when the drop was nearly inevitable the bulls made a massive comeback but i guess shit happens and we have to deal with it and come back stronger!!!

So is the bears coming or not HAHAHAHAHA
I trade my own information and follow my own methods.
  • #537,165
  • Jul 21, 2020 11:53am Jul 21, 2020 11:53am
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...

You have a good heart man. not your fault. no one can have 100% success rate. we do fail a times
  • #537,166
  • Jul 21, 2020 11:54am Jul 21, 2020 11:54am
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...

i've learned a lot from you, thanks, too bad that you decided to sideline...

cheers man
  • #537,167
  • Jul 21, 2020 11:56am Jul 21, 2020 11:56am
If $$$ breaks 95.xx then GBP/USD will fly to 1.31.xxx

I pray it doesn't break
  • #537,168
  • Jul 21, 2020 11:59am Jul 21, 2020 11:59am
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
I have nothing to do with this but, man u just sayed what you thought despite sometimes bein to confident but thats ok, i do t think the "problem" was you, this is a Forum and by saying that i think thats enought, thats how forum works...and someone saying that you are doing bad thing for the traders is stupid in my opinion becouse a trader must have a mindset and a view of the market and what it envolves and must have IS VIEW and a forum in this case is for debating and trying all to learn from each outher..so i would like to say you that you should continue posting what you think and dont let anabody put you down about your job
(Sorry for my english i would love if u guys speak portuguese sometimes )
  • #537,169
  • Jul 21, 2020 12:00pm Jul 21, 2020 12:00pm
Quoting Georginson
{quote} There is nothing irresponsible in what I typed mate ... Face your work mate... It is swing approach deal with it and get off my back. 200 pips up and it's like 1000 pips up, if swing traders can't Tolerate floating of such pips then money management has not been diligently used. Do you start preaching to swing traders to start buying at a high price? I said it as I saw it, if you are not 18 years you shouldn't trade forex, we are all adults here and sensible enough to decipher if an information being passed aligns or not. I did not give...
nah no need to ignore.
I just thought it was important to challenge your calls so newbies do not get misled.
in wondering about yourself, you forgot what you came here to be part of
  • #537,170
  • Jul 21, 2020 12:01pm Jul 21, 2020 12:01pm
Quoting newmilly
Just adding my 2cents, im a newbie in this game. (2nd month) Even tho i would do my research and analysis i come here to compare my charts and analysis and check if im on the right track. And I still blew my 2nd account yesterday atleast it was way smaller than the 1st account BUT i only have myself to blame, having to put money in again was hard but i thats part of the learning process. The market has been unpredictable and many of the more experienced guys have lost money this past week or 2. Even though there were so many warnings in this thread...
Get a Demo account and stay there for 3 mothns practcing,testing what feels better for you.... my advice if ur new bro
  • #537,171
  • Jul 21, 2020 12:03pm Jul 21, 2020 12:03pm
If 4H closes where it is i see at sell
  • #537,172
  • Jul 21, 2020 12:04pm Jul 21, 2020 12:04pm
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
Well bud.. You ain't done nothing wrong. People need to use their own loaf!!! You have a heart bud and keep posting and don't let them drag you down.
Don't trade what you think. Just what you see!!!
  • #537,173
  • Jul 21, 2020 12:05pm Jul 21, 2020 12:05pm
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
G, I too left a number of months back, today was the first time I posted in months. Maybe you are right, the intent was to help the new guys especially, I'll may have to reconsider overnight. I refuse to defend my trades, if anyone here wants to pick a fight, they first need to produce to results I've posted in the past. I really can do without the constant bickering and arguing.

NOTE:I'm a swing trader too, most do not understand how to swing trade properly. Swing trading is what made me successful, don't give up a winning strategy for anyone G.

Stay safe.
Guz
Charts don't drive price, market conditions drive price...
  • #537,174
  • Jul 21, 2020 12:06pm Jul 21, 2020 12:06pm
This is an interesting fight BTW bulls/bears at current price but BORING too, so enough..retrace to 1.2715 is imminent.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,175
  • Jul 21, 2020 12:15pm Jul 21, 2020 12:15pm
im looking for elliot wave chart on h1, someone got one?

i lost the count
  • #537,176
  • Jul 21, 2020 12:20pm Jul 21, 2020 12:20pm
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
Dear Traders, with all due respect i think this is a bit of a pity. Not because i'm somebody's biggest fan, but because I'd feel pretty bad if i was in the 'hot' spot and on top of it am in a loss. Moreover we shouldn't be losing an alternative point of view. Such a reaction from a member more or less indicates that we could strive more as a community. Respect to all, and thank you George for contributing here.
A trader is as good as his stop loss. Understand your mistakes.
  • #537,177
  • Jul 21, 2020 12:21pm Jul 21, 2020 12:21pm
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
Perhaps a boilerplate disclaimer at the end of each post regarding how this is not trading advice...blah blah blah
Forums are for everyone.
  • #537,178
  • Jul 21, 2020 12:22pm Jul 21, 2020 12:22pm
Quoting knkie
{quote} nah no need to ignore. I just thought it was important to challenge your calls so newbies do not get misled.
you said it all, things we say here have a whole lot of impact on people
  • #537,179
  • Jul 21, 2020 12:25pm Jul 21, 2020 12:25pm
i will sell from here 1.2740 stop 1.2770 tp 1.2620
  • #537,180
  • Jul 21, 2020 12:26pm Jul 21, 2020 12:26pm
today we know for a fact this potential tl is broke
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