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cable short for gbpusd? 10 replies

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Cable Update (GBPUSD)

Quoting elbert3
{quote} I would like for 2 reasons for George to be right .1. Just to see if he is right and stops getting a hard time frond anybody who followed his trade and never had enough money in his account to keep up with the loss .2...well to see if ????? Lol regards E
In all honesty if I do not see 1.26xx latest August 14, 2020, I will accept my loss and have reevaluation of my model of analysis and trading pattern.
Rejections spur me for greatness!!!
Quoting Georginson
{quote} I still stick to my sell and even here at 1.2940 I still say it. Yeah it's really gone high but money management saved the equity... Average sell level at 1.2680 which I believe uptrend can't last till 1.31 without retracing at least 350 pips from high. I know I will get a lot of sticks for this but I say it anyways. I will wait for retracement and not panic close transactions. Worst case scenario I will close all at 1.2600 level which is 340 pips away at the moment. Peace
Uhmm, do you normally experience this kind of large DD? Or is this the largest
Price extention is rounding out. Should have a nice little pullback either today or tomorrow for final push to happen
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
Quoting OBsayMkMoney
{quote} WHY? Why does one need to be ready for CRITICISM? Are you saying that we can not be adults, and amicably disagree? Example. "I see something different... THIS is what I see. What are your thoughts on my opinions" VS. "Hahaha.... You are an idiot.... anyone doing so n so is stupid..." Is THAT not the premise behind a forum?

to each his own but i consider the forum a place to learn trading.
if someone is spewing nonsense and misleading newbie traders, they should be called out.
Unless you are scared of criticism and want to live in a fantasy world where everyone is always right and its all just fun and games.
in wondering about yourself, you forgot what you came here to be part of
i am bullish GBPUSD but i see a drop 100 to 200pips in GBPJPY so i shorted it. who is gonna lead GJ ? is it GU or UJ ?

if GU will lead then we will have a retracement to 1.2770 before resuming up trend again to 1.31 or beyond if possible
Quoting navk
{quote} criticism is different from abusive words.

I AMICABLY disagree lol
Key words "in a disapproving way"
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When you feel like you HAVE to trade is when you least should!
Beautiful bull run so far..

Now back in levels..
Price above 1.29429 should not be sold..

Why? It’s spike friendly..

SS
Quoting godlike
{quote} Uhmm, do you normally experience this kind of large DD? Or is this the largest
I did experience similar draw down in June 2020 and December 2019 and eventually recovered due to money management and the spacing method I applied. This time is not different from those time too. I did expect price to return to 1.22xx this July hence did small and segmented stake on sell at 1.2555, 1.2620, 1.2701 and last sell at 1.2848. my current draw down is 39% but will break even at 1.2680 level and accept no profit for July but will get my capital intact when this happens.
Rejections spur me for greatness!!!
its the perfect area for GU to retrace from now up to 1.3010 i guess the range
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Quoting knkie
{quote} to each his own but i consider the forum a place to learn trading. if someone is spewing nonsense and misleading newbie traders, they should be called out. Unless you are scared of criticism and want to live in a fantasy world where everyone is always right and its all just fun and games.

So what you are saying is that in a forum where people come to LEARN.. when they make a MISTAKE... we should embarrass them so that others understand not add their input? Interesting premise. So how enthused would said novice be to have to say something if he is risking ridicule? One doesn't have to be afraid of something to simply not appreciate it. If a dog licks your face.. you aren't scared. However you are (most people). A little uncomfortable.
Small Egos need to criticize the person. Big ones address the thoughts and words only. Every forum I have been in.. IF the person posting seems sure people attack him. With that said though.. G is also somewhat guilty of this. So I am more addressing the practice, than defending him. I am done though. Psychology session over, get the fuck off my couch.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} I AMICABLY disagree lol Key words "in a disapproving way" {image}
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Quoting godlike
{quote} {image}
BOOM.... Exactly. Thanks man.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} So what you are saying is that in a forum where people come to LEARN.. when they make a MISTAKE... we should embarrass them so that others understand not add their input? Interesting premise. So how enthused would said novice have to say something if he is risking ridicule? One doesn't have to be afraid of something to simply not appreciate it. If a dog licks your face.. you aren't scared. However you are (most people). A little uncomfortable. Small Egos need to criticize the person. Big ones address the thoughts and words only. Every forum...
Well said mate. I'm human with imperfections but have not for once quoted anybody's call except the person did so on my quote earlier or directly confronts me. If I did this in time past and can't remember, then this is my sorry.
Rejections spur me for greatness!!!
Quoting Georginson
{quote} I did experience similar draw down in June 2020 and December 2019 and eventually recovered due to money management and the spacing method I applied. This time is not different from those time too. I did expect price to return to 1.22xx this July hence did small and segmented stake on sell at 1.2555, 1.2620, 1.2701 and last sell at 1.2848. my current draw down is 39% but will break even at 1.2680 level and accept no profit for July but will get my capital intact when this happens.
Okay, But do you still consider your analysis correct?
I think I may have just painted a target on all my upcoming posts.. but fuggit.
When you feel like you HAVE to trade is when you least should!
Quoting godlike
{quote} Okay, But do you still consider your analysis correct?
To be honest my bearish bias has gone awfully wrong but my entry levels can break even with modest retracement to 1.26xx and I will get to save capital with patience to fight another day. To me capital protection is King.
Rejections spur me for greatness!!!
Quoting OBsayMkMoney
{quote} So what you are saying is that in a forum where people come to LEARN.. when they make a MISTAKE... we should embarrass them so that others understand not add their input? Interesting premise. So how enthused would said novice be to have to say something if he is risking ridicule? One doesn't have to be afraid of something to simply not appreciate it. If a dog licks your face.. you aren't scared. However you are (most people). A little uncomfortable. Small Egos need to criticize the person. Big ones address the thoughts and words only. Every...
I wouldn't call it embarrass, but while everyone is entitled to their own opinions, good criticism in a thread isn't bad either, I mean how would one grow if you're not shown your faults/mistake.... Just saying
Worth taking a short here
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Damn ima run out of popcorn this way
Quoting HBN08
Damn ima run out of popcorn this way
hope you don’t add too much sugar on to your popcorn..

if you ever run out, kindly reach out to Akim.. I think he owns a popcorn store

SS
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