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Cable Update (GBPUSD)

  • #548,841
  • Sep 18, 2020 12:59am Sep 18, 2020 12:59am
Quoting epzero
{quote} I hope your are rich because Moty doesn’t care if he blows his account ?
Moty even doesnt´t care if he blows that blokes account.
Markets will move to the right.
  • #548,842
  • Sep 18, 2020 1:08am Sep 18, 2020 1:08am
Quoting Moty
After 3 wonderful days with a total profit of 1200 $ , came a bad bad day. When i was long in the morning, the market went down , when i shorted it on the breakdown it spiked. Total loss for today is 500 $ , what i left after the last withdraw of 361 from 861

No offence. I could not stop laughing for a for 2-3 good mins!

Sorry for your loss, but this sounds colossally comic to me. It is how you worded it. Top comedian comment!

Again, really sorry for your losses, and no offence, but you are describing it in such a funny way!!!
Maadik Hugiis. IQ 69.
  • #548,843
  • Sep 18, 2020 1:13am Sep 18, 2020 1:13am
Quoting FraterRedox
{quote} Moty even doesnt´t care if he blows that blokes account.
i care .
what do you mean i don't care ?
i don't cry for it , but it make me sad.
that was a bull(shit) move that spike .
gj was in stops hunt mode , and crook's long squeezed it and then bought it alone without the retail traders.
gu need to go up , but like this
yes yes yes
  • #548,844
  • Edited 1:40am Sep 18, 2020 1:15am | Edited 1:40am
come on buddy , help me out one more time.
opp's i long again
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yes yes yes
  • #548,845
  • Sep 18, 2020 1:29am Sep 18, 2020 1:29am
Quoting epzero
1.30 is now a strong resistance zone, once 1.292 is exposed price might get to yesterday's low. The pounds is currently the weaker currency, while other pairs are buying only cable is selling, so when other start selling, cable might crash down. IMO
it can also be said, multiple touches of a price level make it weaker. I feel it will eventually break 1.30
IMO
Le$$ I$ More
  • #548,846
  • Sep 18, 2020 1:30am Sep 18, 2020 1:30am
coffee and ciga,. long " do not worrie " add ur money at bottom bars,. ( 302 TP )
  • #548,847
  • Sep 18, 2020 1:45am Sep 18, 2020 1:45am
Price may end this week at 1.2880/1.2900 as far as 1.3010 isn't broken today.

Trade safe.
Data + Stat + Risk/Emotions Management
  • #548,848
  • Sep 18, 2020 1:57am Sep 18, 2020 1:57am
Quoting Roszey
{quote} it can also be said, multiple touches of a price level make it weaker. I feel it will eventually break 1.30 IMO
You might be right , I’ll wait till it breaks 1.292 to short that way I feel safer
  • #548,849
  • Sep 18, 2020 2:07am Sep 18, 2020 2:07am
Quoting Moty
for 20 pips and more {image}
good boy
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yes yes yes
  • #548,850
  • Edited 2:23am Sep 18, 2020 2:10am | Edited 2:23am
Quoting epzero
{quote} Just because the markets have been going up and down in a day doesn't mean it will continue this way, keep trading like this and soon you will loss all your money, a good trader understand not to follow the market up and down.


" a good trader'...?

then what about the HFT Quants that chase , open and close trades in milli seconds?

THEY are the market leaders of the furture.

I have built myself a system where I can chase the MI chart, up down up down the whole day.

If a move up is 100 pips, I can eat much more than that out of it

Good trader is relative
Someone might just be in a move for several days at a time, and has learned to take good bank there, others on smaller moves, and like the quants on micro moves.
Theres no right and no wrong here.
We each have our own system according to our personality, and should be respected like that accordingly.

If someone here calls a SHORT, and some dumbass take that as a short for a much longer intended time, its their own fault for following a call on a website.

Yesterday's violent spikes up & down, I called both correct, why ? Because I follow MY system, not some opinion on some website

Peeps here must not blame someone calling a trade, if you follow that, YOU are the monkey

Do your own research, post & share it here, someone might learn something, but that is as far as it goes.

There are peeps here that need to grow up emotionally as a trader

Trading is not a democracy, 1000s of different opinions, some will be right , some will be wrong, depends from where you look.

Learn to respect that
  • #548,851
  • Sep 18, 2020 2:13am Sep 18, 2020 2:13am
Quoting BitcoinBoff
{quote} " a good trader'...? then what about the HFT Quants that chase , open and close trades in milli seconds? THEY are the market leaders of the furture. I have built myself a system where I can chase the MI chart, up down up down the whole day. If a move up is 100 pips, I can eat much more than that out of it Good trader is relative Someone might just be in a move for several days at a time, and has learned to take good bank there, others on smaller moves, and like the quants on micro moves. Theres no right and no wrong here. We each have our...
  • #548,852
  • Sep 18, 2020 2:19am Sep 18, 2020 2:19am
Quoting Skultis
{quote} Identical situation.. 2 days of Euphoria and Yesterday everything down in couple minutes. It was a good lesson...

That feeling of " WOW !!!, Im doing well, let me make some more"

THAT should become a motor function trigger of " Ok, let me switch everything off, walk away for a day or two, this week was AWESOME"

And then come back over the weekend, withdraw profits

I spoke earlier in the week of the " poker tilt", where a winner gives all winnings and then some back to the game.

Euphoria is DANGEROUS

In aviation, if a pilot flies at height and looses his oxygen supply slowly but does not realize it, the next stop is crash & dead.

But he goes there in a highly happy euphoria, without knowing his world is going to shits

Same happened to you this week

Emotions is bigger than a good trade system..
Sorry for your loss
  • #548,853
  • Sep 18, 2020 2:20am Sep 18, 2020 2:20am
UP UP and away baby
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yes yes yes
  • #548,854
  • Sep 18, 2020 2:27am Sep 18, 2020 2:27am
Nice test of the SW..
1.30 here we go
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Le$$ I$ More
  • #548,855
  • Edited 2:38am Sep 18, 2020 2:27am | Edited 2:38am
GU looking to break above 1.30 to target around 1.3025 to 1.3050 that's a Top range resistance, only a base above there today may revive bull power for next week..

*I'm standing aside, not gonna sell anymore @1.2980s as it was tested a lot of times(good profits already), so my strategy in such case is to sell higher at the above levels..as better risk to reward since even if 1.3025-50 get broken, market price will retrace to it sooner or later so risk selling there is relatively low.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #548,856
  • Sep 18, 2020 2:32am Sep 18, 2020 2:32am
G/M, .... All 20/50/100 ema's crossed up 5min - 1hr, and daily too, 4hr's still crossed down. Price challenging prev 1hr/4hr sw hi zone to 2999 and desc t/line - above that the one to 3006 - the current wkly hi. Mixed asian session, London bullish so far despite flat retail sales. 1hr below.
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Trader with an Edge.
  • #548,857
  • Sep 18, 2020 2:35am Sep 18, 2020 2:35am
Quoting Roszey
Nice test of the SW.. 1.30 here we go {image}
hi bro, are you drawing those sandiwches manually?
  • #548,858
  • Sep 18, 2020 2:35am Sep 18, 2020 2:35am
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yes yes yes
  • #548,859
  • Sep 18, 2020 2:35am Sep 18, 2020 2:35am
Quoting BitcoinBoff
{quote} " a good trader'...? then what about the HFT Quants that chase , open and close trades in milli seconds? THEY are the market leaders of the furture. I have built myself a system where I can chase the MI chart, up down up down the whole day. If a move up is 100 pips, I can eat much more than that out of it Good trader is relative Someone might just be in a move for several days at a time, and has learned to take good bank there, others on smaller moves, and like the quants on micro moves. Theres no right and no wrong here. We each have our...
I said what i said, you can go hug a transformer for all i care.
  • #548,860
  • Sep 18, 2020 2:38am Sep 18, 2020 2:38am
the daily chart seem to have a
clear directional movement on price.
Support at 28650 still active for bulls
to push higher. However Previous high at
1.3006ish still not yet broken.
Concerns for new high. Stay Safe TGIF
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Keep the Lights on then you can catch the rise from the dark.
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