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Cable Update (GBPUSD)

  • #539,761
  • Jul 31, 2020 1:41am Jul 31, 2020 1:41am
Quoting Theoak
Short 3128
- 10 pip loss.
11 days now going up. I will wait now until there is clear momentum down. This surely can't keep going up like this.
Don't trade what you think. Just what you see!!!
  • #539,762
  • Jul 31, 2020 1:42am Jul 31, 2020 1:42am
AFTER 3150. i expect a pullback to daily pivot 3050
Intraday only.
  • #539,763
  • Jul 31, 2020 1:42am Jul 31, 2020 1:42am
It's go time..
Let's take this baby home.
22 to 44 pips win/lose ratio
Up up and away
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 07-31-2020 09.40.13_1.jpg Size: 56 KB
yes yes yes
  • #539,764
  • Jul 31, 2020 1:49am Jul 31, 2020 1:49am
Quoting Moty
It's go time.. Let's take this baby home. 22 to 44 pips win/lose ratio Up up and away {image}

I know it's only demo but it would be cruel if now it went down - lol !
Trader with an Edge.
  • #539,765
  • Jul 31, 2020 1:52am Jul 31, 2020 1:52am
What is the scenario today? Everything is still arranged scientifically. sometimes today pullback.
I believe in winning
  • #539,766
  • Jul 31, 2020 1:53am Jul 31, 2020 1:53am
Quoting Headland
{quote} I know it's only demo but it would be cruel if now it went down - lol !
you mean bought at high ?

could be.
Intraday only.
  • #539,767
  • Jul 31, 2020 2:03am Jul 31, 2020 2:03am
Asia didn’t sell off today.
asia was selling all week allowing best prices for London to buy.
  • #539,768
  • Jul 31, 2020 2:10am Jul 31, 2020 2:10am
At this point, with price being above 1.31190, Is there any need to lookout for any RES? I mean we are well above all RES we can possibly think of ..

GU could just overshoot. Please take care if you attempting to catch the top..

Personally will not be looking out for any. I will just wait for end of day to close out longs..

StaySafe
  • #539,769
  • Jul 31, 2020 2:19am Jul 31, 2020 2:19am
Quoting Moty
It's go time.. Let's take this baby home. 22 to 44 pips win/lose ratio Up up and away {image}

I think I see your problem. You are trading demo as if you already have a fat account. 22.00???? So you spend time in demo dreaming of these lofty gains, because I know you are looking at the money and NOT the pip count. Then... Then you go live. Then you have to trade .01. You will wait too long to close trades, and even take some risky ones. My advice? Trade demo like you would live. Same leverage. Same deposit amount even if you can. Oh,,, and change the profit to points. It will get the stars out of your eyes.
Don't compare your trades to others. Most often the masses are the asses
  • #539,770
  • Jul 31, 2020 2:30am Jul 31, 2020 2:30am
Quoting JayBag
At this point, with price being above 1.31190, Is there any need to lookout for any RES? I mean we are well above all RES we can possibly think of .. GU could just overshoot. Please take care if you attempting to catch the top.. Personally will not be looking out for any. I will just wait for end of day to close out longs.. StaySafe

Yeah profit taking may take place as GU rose 7.3% approx in July..plus dollar selling into month end should end the weakness of dollar by end of the day.. lets see..
  • #539,771
  • Jul 31, 2020 2:32am Jul 31, 2020 2:32am
Quoting Headland
{quote} I know it's only demo but it would be cruel if now it went down - lol !
THE real cruelty will be is i win , so i can be kicking my self for not doing it all the time.
this system win any way , even if you lose , because you need to win 1 of 3 trade to be , when you trading with 2 to 1 win to lose ratio.
the minimum target is for 40 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu3.png Size: 19 KB
yes yes yes
  • #539,772
  • Jul 31, 2020 2:35am Jul 31, 2020 2:35am
Quoting Moty
{quote} THE real cruelty will be is i win , so i can be kicking my self for not doing it all the time. this system win any way , even if you lose , because you need to win 1 of 3 trade to be , when you trading with 2 to 1 win to lose ratio. the minimum target is for 40 pips {image} {image}
Do you see what your issue was trying to sell, you was simply selling into buying volume.
  • #539,773
  • Jul 31, 2020 2:39am Jul 31, 2020 2:39am
Quoting OBsayMkMoney
{quote} I think I see your problem. You are trading demo as if you already have a fat account. 22.00???? So you spend time in demo dreaming of these lofty gains, because I know you are looking at the money and NOT the pip count. Then... Then you go live. Then you have to trade .01. You will wait too long to close trades, and even take some risky ones. My advice? Trade demo like you would live. Same leverage. Same deposit amount even if you can. Oh,,, and change the profit to points. It will get the stars out of your eyes.
you are wrong my friend
i will be happy with 420$ at the end of each week from 100 $ deposit .
i just need to put the order in the right direction .
i stupidly trying to catch reversals , and that is my problem .
let's hope i get ride of this habit
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 8 KB
yes yes yes
  • #539,774
  • Jul 31, 2020 2:43am Jul 31, 2020 2:43am
Quoting Moty
{quote} you are wrong my friend i will be happy with 420$ at the end of each week from 100 $ deposit . i just need to put the order in the right direction . i stupidly trying to catch reversals , and that is my problem . let's hope i get ride of this habit {image}
you have a good plan, may be trading direction is wrong.

Many of us do not have a plan
Intraday only.
  • #539,775
  • Jul 31, 2020 2:48am Jul 31, 2020 2:48am
Quoting navk
AFTER 3150. i expect a pullback to daily pivot 3050
I think 1H close above 3142 will bring more bull there.
i may wrong too
PA Return Today: na
  • #539,776
  • Jul 31, 2020 2:54am Jul 31, 2020 2:54am
Quoting Moty
It's go time.. Let's take this baby home. 22 to 44 pips win/lose ratio Up up and away
Moty , you should definitely stop pouring money in to live accounts and figure out where your leaks are. Its clear that something's not working for you.

As an advice dont focus to much on TA , thats not what moves the price.All those lines you draw dosnt make 2 cents , see what's happening with GBP/USD right now.
Breaking all the resistence and round number like they where nothing

Learn Price Action , is good as a guidance for price exhaustion and market sentiment,after all trading is a psychological game.

And the most important advice i could tell you , is remember that, if you are not a Central Bank , nobody knows where price is heading . And there are a lot of exemples in history of good traders and fund managers that still go broke.

So take your time and reconstruct , is just like a business , you will go broke if you dont know what are you doing
  • #539,777
  • Jul 31, 2020 2:56am Jul 31, 2020 2:56am
Quoting Moty
{quote} you are wrong my friend i will be happy with 420$ at the end of each week from 100 $ deposit . i just need to put the order in the right direction . i stupidly trying to catch reversals , and that is my problem . let's hope i get ride of this habit {image}
You should also draw in a column for expected losses. Do you have a spreadsheet of what you've deposited against that you've withdrawn?
Focus.
  • #539,778
  • Jul 31, 2020 2:56am Jul 31, 2020 2:56am
Attached Image (click to enlarge)
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this is or looks like a stronger resistance so I have hedged a short at 3141 . It might fake the move over the line . This has gone far higher than my original plan but it’s tl attraction sting pull area
  • #539,779
  • Jul 31, 2020 2:57am Jul 31, 2020 2:57am
Quoting Moty
{quote} THE real cruelty will be is i win , so i can be kicking my self for not doing it all the time. this system win any way , even if you lose , because you need to win 1 of 3 trade to be , when you trading with 2 to 1 win to lose ratio. the minimum target is for 40 pips {image} {image}
how about you leveraging all you investment in one trade and simply forgetting the win to lose ratio? Possible when you are out watching.
Keep the Lights on then you can catch the rise from the dark.
  • #539,780
  • Jul 31, 2020 3:03am Jul 31, 2020 3:03am
Attached Image (click to enlarge)
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higher monthly tl looks to be 3500 .. so 1.. it goes to 3500 . 2..fake out the weekly tl and go find more buyers.. 3 .. end of month big bull candle and start next week retracing that’s candle ??
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