Cable Update (GBPUSD) | Page 26951 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #539,001
  • Jul 29, 2020 4:12am Jul 29, 2020 4:12am
Quoting Headland
{quote} "Listen to what the market is saying about others, not what others are saying about the market." — Richard D. Wyckoff
show me the money- benjamin franklin
Attached Image
  • #539,002
  • Jul 29, 2020 4:14am Jul 29, 2020 4:14am
You're not wrap the market up in fake chains like that ,Brexit candle went 1900 pips in a month ,then never went back into that candle really before continue.
i'm saying it because you still believe you can with no stop loss & high confidence ,that this thing is in your range history chains.
I see a 1000 pip wick on the monthly to the downside ,which I have never seen.Right now I see a bullish 600 pip candle
Swing trader doesn't mean you can take the level of drawdown you have from your worst position ,the market can run away with your account the way you're going.



Quoting Georginson
{quote} 2011 to 2020 JULY RANGES July 2011 High 1.6469 - 1.5780 Low = 689 pips July 2012 High 1.5766 - 1.5392 Low = 374 pips July
ach sellable price will also be the difference of each sellable prices. Sellable Price 2 is 1.2969, target will be 1.2691 (Sellable price 1). The maximum range being 689 pips will be the risk of sellable Price 2 which is situated at 1.3047. IMPORTANCE OF RANGES * It helps in reducing risk exposure as it involves waiting for certain distance to be seen before placing a trade due to the unpredictable nature of exchange...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #539,003
  • Jul 29, 2020 4:15am Jul 29, 2020 4:15am
Quoting Moty
Missed first push. Waiting for retracement, maybe to the pivot line {image}
Price should stay above 2950 for further up
I may wrong
just my opinion
PA Return Today: 0.3%
  • #539,004
  • Jul 29, 2020 4:16am Jul 29, 2020 4:16am
Quoting Theoak
Is this a retrace ready to push back up? Resistance level 2970 when broke going long!!!
long in at 1.2972
Don't trade what you think. Just what you see!!!
  • #539,005
  • Jul 29, 2020 4:16am Jul 29, 2020 4:16am
Quoting nessus94
{quote} Ok, good stats, but stats are meant to be broken You are already losing 20-25% of your account now, what if we spike to 1.32 tonight? you'd be losing 50% What's next then? when will you stop your short? or you will stay short until you are right? I don't see any good MM in your system, if you do please share...
No holy Grail anywhere, despite my mistake I still have 58% of my equity intact and strong hope of reversal. Now considering my trades are modestly distant from one each other at 1.2550, 1.2620, 1.2701, 1.2800 and 1.2848 I still have a fighting chance even here at 1.2970 area the equity still survives...

Now my question to you is have you never had a drawdown before or lost your complete account and immediately after losing it price starts moving your way? Sincere answer please.

I admit I made a mistake and yet it can still be corrected, any drop to 1.2680 my equity is back 100% heathy.
Data + Stat + Risk/Emotions Management
  • #539,006
  • Jul 29, 2020 4:20am Jul 29, 2020 4:20am
The bears were so weak they could bearly get the price down to where they were stopped out earlier. Where is Moty Bear we need to talk.
  • #539,007
  • Jul 29, 2020 4:21am Jul 29, 2020 4:21am
Quoting Neil0163
I see so many people here with a variety of different ideas which of course is great and of course everyone trades their own way obviously....but there is one thing i notice alot, people tend to trade against the market volume and try to pick tops or bottoms, now yes whilst this does net you a handsom profit how often can you accuratley do that. random poll Would you rather have lets say for example 75%-80% accuracy OR Sniper entires? For me id pick the accuracy
I would like to say there are a few aspects...
Self- critical, Own Analyse true/wrong, Mind Games, patience,
Marketstructure etc...
People get lazy to learn stuff, to train it. Today its easier to join some Pages and copy them or follow guys on YouTube stuff like this. There is no conversation about this Stuff, its only about right or wrong, no question, no asking.
Thats my view of these Things and this happens everywhere.

best regards
Mr.T
  • #539,008
  • Jul 29, 2020 4:21am Jul 29, 2020 4:21am
Quoting Theoak
{quote} long in at 1.2972
hi budd, gbp atm full of power, struggle to break the R 5m/30m/1h
lot of cake from the ADR..
i think to buy the top right now is not the best thing to do..

but, just my humble opinion
Attached Image
  • #539,009
  • Jul 29, 2020 4:22am Jul 29, 2020 4:22am
Quoting Bones
You're not wrap the market up in fake chains like that ,Brexit candle went 1900 pips in a month ,then never went back into that candle really before continue. i'm saying it because you still believe you can with no stop loss & high confidence ,that this thing is in your range history chains. I see a 1000 pip wick on the monthly to the downside ,which I have never seen.Right now I see a bullish 600 pip candle Swing trader doesn't mean you can take the level of drawdown you have from your worst position ,the market can run away with your account the...
95% of the time it doesn't ... The only time this happened was October 2016 and I did recover later... Even at that most overblown ranges in the last 10 years have been a crash down .. see June 2016, October 2016 and March 2020. Good news is I'm on the short side. As usual anything is possible in forex market, no perfect system of trading, one error doesn't mean you throw what has 95% accuracy away. Do you have it 100% too? Just asking, I'm not trying to be rude.
Data + Stat + Risk/Emotions Management
  • #539,010
  • Jul 29, 2020 4:24am Jul 29, 2020 4:24am
Quoting gatenio
{quote} hi budd, gbp atm full of power, struggle to break the R 5m/30m/1h lot of cake from the ADR.. i think to buy the top right now is not the best thing to do.. but, just my humble opinion {image}
boredom waiting..
let have some fries mate..
leave to the market decide..
...
Attached Image
just for a cup of coffee...
  • #539,011
  • Jul 29, 2020 4:25am Jul 29, 2020 4:25am
Imho 1.3 and above today .

Green pips all
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #539,012
  • Jul 29, 2020 4:28am Jul 29, 2020 4:28am
Quoting Almo2312
Imho 1.3 and above today . Green pips all
Maybe get to my number 1.3160 with the FOMC around today.
  • #539,013
  • Jul 29, 2020 4:29am Jul 29, 2020 4:29am
Quoting akim0895
{quote} boredom waiting.. let have some fries mate.. leave to the market decide.. ... {image}
drink your coffee bro, better for your weight
  • #539,014
  • Jul 29, 2020 4:34am Jul 29, 2020 4:34am
Going for some tennis now... See where the price will be hours later.
Data + Stat + Risk/Emotions Management
  • #539,015
  • Jul 29, 2020 4:39am Jul 29, 2020 4:39am
Quoting Georginson
{quote} No holy Grail anywhere, despite my mistake I still have 58% of my equity intact and strong hope of reversal. Now considering my trades are modestly distant from one each other at 1.2550, 1.2620, 1.2701, 1.2800 and 1.2848 I still have a fighting chance even here at 1.2970 area the equity still survives... Now my question to you is have you never had a drawdown before or lost your complete account and immediately after losing it price starts moving your way? Sincere answer please. I admit I made a mistake and yet it can still...
Of course, like everybody
But i'm not letting go 20/30% of my equity in a single position. If i see a move of 3 to 5% away from my BE, i'm sweating....so imagine 25%.

As you said, you are relying on hope at the moment, and not based on an analysis..good luck

I agree from now we could see a 150/200 pips retrace though
Make money by doing the opposite of Giveachance aka loser
  • #539,016
  • Jul 29, 2020 4:40am Jul 29, 2020 4:40am
a lot of traders here are watching above 1.30-1.31 i don't like that
Make money by doing the opposite of Giveachance aka loser
  • #539,017
  • Jul 29, 2020 4:42am Jul 29, 2020 4:42am
Quoting Georginson
Going for some tennis now... See where the price will be hours later.
can i ask your current drawdown percentage....just curious
  • #539,018
  • Jul 29, 2020 4:44am Jul 29, 2020 4:44am
Quoting Neil0163
{quote} can i ask your current drawdown percentage....just curious
42% i think
from his post he said still have 58% equity there
PA Return Today: 0.3%
  • #539,019
  • Jul 29, 2020 4:46am Jul 29, 2020 4:46am
Quoting nessus94
a lot of traders here are watching above 1.30-1.31 i don't like that
May i ask why ?
  • #539,020
  • Jul 29, 2020 4:46am Jul 29, 2020 4:46am
Quoting Amelonro
{quote} navk, Please explain what you mean.
I blew the account..
No more short positions for me until clear trend change
yes yes yes
168 traders viewing now