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Cable Update (GBPUSD)

  • #539,021
  • Jul 29, 2020 4:50am Jul 29, 2020 4:50am
Quoting Moty
{quote} I blew the account.. No more short positions for me until clear trend change
why dont you try being a buyer for a change. You will never get anywhere classifying yourself as only a bear or only a bull
  • #539,022
  • Jul 29, 2020 4:53am Jul 29, 2020 4:53am
Quoting Mr.Tea
{quote} May i ask why ?
got the answer?
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  • #539,023
  • Jul 29, 2020 4:57am Jul 29, 2020 4:57am
Quoting Mr.Tea
{quote} May i ask why ?
retailers are usually wrong, or maybe the whole thread is right?
Make money by doing the opposite of Giveachance aka loser
  • #539,024
  • Jul 29, 2020 4:57am Jul 29, 2020 4:57am
Quoting LeongPuiy
{quote} 42% i think from his post he said still have 58% equity there
oh wow quite a fair bit of DD then hopefully can recover some of it
  • #539,025
  • Jul 29, 2020 4:59am Jul 29, 2020 4:59am
Quoting nessus94
{quote} 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
I do not base this anticipated retracement on hope, in fact I dare to say 1.2650 will happen before August 14 and that's my deadline day of waiting. I have given statistical reasons it should drop to 1.2650 level earlier. I remember back in June I had some draw down and did say price will attain 1.2300 within days and it did happen and I got modest profit, this time around is not any different, if at this stage of my trading career I'm basing retracement on hope, then I do rather be a professional farmer.
Data + Stat + Risk/Emotions Management
  • #539,026
  • Jul 29, 2020 5:04am Jul 29, 2020 5:04am
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}
Just going with the flow bud! Cheers for the tip.
Don't trade what you think. Just what you see!!!
  • #539,027
  • Jul 29, 2020 5:12am Jul 29, 2020 5:12am
Please don't try this at home .
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Le$$ I$ More
  • #539,028
  • Jul 29, 2020 5:15am Jul 29, 2020 5:15am
For long term only
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  • #539,029
  • Jul 29, 2020 5:15am Jul 29, 2020 5:15am
Quoting Roszey
Please don't try this at home . {image}
What happened to your sandwich? Did you eat it?
Don't trade what you think. Just what you see!!!
  • #539,030
  • Jul 29, 2020 5:16am Jul 29, 2020 5:16am
Quoting gatenio
{quote} got the answer? {image}
Yes, see it on my chart aswell, thanks for your gatenio.

@nessus94 i was asking for your opinion because you dont like it and maybe there is a reason for it ( your chart is telling you something else or news or what ever)
This Thread is subjective and after some guys posted good content some shillers moved away or may rethink their opinion about cable
  • #539,031
  • Jul 29, 2020 5:17am Jul 29, 2020 5:17am
I wonder the level of hypocrisy on this beautiful thread. Now some make drawdown look Like a fatal sin as if they have never blown accounts up in the past or never had draw down. So much respect to Navk, Moty, Headland, Elbert, Alex, Marcieny, Student 21, Keen pips, Theoak, gespiri and many others that show great level of honesty even if I had at some point disagreed with some of their views but will not stop respecting them and so many other fantastic traders I didn't include here.

Constructive criticism is everly welcome to make us better destructive criticism and hypocrisy will take us nowhere. This thread has been great before I joined and I will not be the one to paint this thread bad as I'm too little to do that, in all let's all be respectful.
Data + Stat + Risk/Emotions Management
  • #539,032
  • Jul 29, 2020 5:21am Jul 29, 2020 5:21am
Quoting Moty
{quote} I blew the account.. No more short positions for me until clear trend change
it happens to all.

No worry.

But learn to set stop loss.
Intraday only.
  • #539,033
  • Jul 29, 2020 5:23am Jul 29, 2020 5:23am
Quoting navk
{quote} it happens to all. No worry. But learn to set stop loss.
Buddy you already out your short position?
PA Return Today: na
  • #539,034
  • Jul 29, 2020 5:26am Jul 29, 2020 5:26am
Quoting LeongPuiy
{quote} Buddy you already out your short position?
The trades stopped out
Intraday only.
  • #539,035
  • Jul 29, 2020 5:27am Jul 29, 2020 5:27am
Quoting BWilliam
{quote} SL based on pips or % of equity.
it depends, It can be swing high or low or risk percenatge.

However, if you have come to know trades are in wrong direction, do not hesitate to close your trades with loss
Intraday only.
  • #539,036
  • Jul 29, 2020 5:30am Jul 29, 2020 5:30am
I think G has already established and made clear that he has made a mistake in his July analysis and that he is now in recovery mode to try and get back to B/E by averaging out. Stop hounding him. Based on his stats and analysis that constitute his edge that seems a reasonable thing to do > In this uptrend there has been a 9 and a 10 run of consecutive bullish daily candles max if today's bullish that would make another 9 run - so that again adds to the reason for wanting to hold the trades open to at least get out cheaper if not b/e and I think we would all agree that given where the uptrend is - there is a fair chance of that......Despite the DD/money management which is up to him (and I am sure he will look at that) - no-one is obliged to agree with it or indeed copy it - but he is where he is - all the' shoulda coulda woulda' in the world ain't gonna help -and from where he is - it seems a reasonable thing to do and has a fair chance of success. Anything can happen. Unlike many others on this thread at least he doesn't just boast of profits with no calls in realtime or analysis to show how those 'profits' have made made.
Trader with an Edge.
  • #539,037
  • Jul 29, 2020 5:31am Jul 29, 2020 5:31am
Quoting Georginson
I wonder the level of hypocrisy on this beautiful thread. Now some make drawdown look Like a fatal sin as if they have never blown accounts up in the past or never had draw down. So much respect to Navk, Moty, Headland, Elbert, Alex, Marcieny, Student 21, Keen pips, Theoak, gespiri and many others that show great level of honesty even if I had at some point disagreed with some of their views but will not stop respecting them and so many other fantastic traders I didn't include here. Constructive criticism is everly welcome to make us better destructive...
the criticism and this thread is not so important.

The swing trades what you trade, I hope it is based on daily TF direction.

Once you see daily trend changed, you may take losses and go in right direction.

IMO
Intraday only.
  • #539,038
  • Jul 29, 2020 5:34am Jul 29, 2020 5:34am
Get ready for the news, limit set on Pivot
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  • #539,039
  • Jul 29, 2020 5:35am Jul 29, 2020 5:35am
Quoting Georginson
I wonder the level of hypocrisy on this beautiful thread. Now some make drawdown look Like a fatal sin as if they have never blown accounts up in the past or never had draw down. So much respect to Navk, Moty, Headland, Elbert, Alex, Marcieny, Student 21, Keen pips, Theoak, gespiri and many others that show great level of honesty even if I had at some point disagreed with some of their views but will not stop respecting them and so many other fantastic traders I didn't include here. Constructive criticism is everly welcome to make us better destructive...
Don't listen to anyone. As it is your money and no one is responsible for it. All of the guys mocking anyone in this thread should learn some manners to be respectful.

It's been a while I was seeing ridiculous posts just to prove one's self superior. I had been seeing the old posts in this thread and it was a good thread earlier. Now it has turned into a goldmine of trash in couple of months. Huge respect for all those who share their sound analyses.

This post is not for shaming anyone. But after reading this post if you feel that you are offended then you need to mend your ways of posting

All the best.

Cheers
TW
WARNING: This post warps space and time in its vicinity.
  • #539,040
  • Jul 29, 2020 5:35am Jul 29, 2020 5:35am
Quoting BWilliam
{quote} You consider 42% DD okay trading ?
me personally no, For me daily drawdown has to be less than 5 percent. with a total of 10 percent before im re-evaluating
but of course thats for me and how i trade
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