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Cable Update (GBPUSD)

  • #551,301
  • Oct 5, 2020 10:35am Oct 5, 2020 10:35am
Hey guys dint trade today..mondays ussualy get me fuked
Hope u all getting a good day
Shorted for a quick scalp here
Good trades
  • #551,302
  • Oct 5, 2020 10:36am Oct 5, 2020 10:36am
Luciano and OnlineAddict conversation made me laugh. LOL
Risk Management is of utmost importance!
  • #551,303
  • Oct 5, 2020 10:46am Oct 5, 2020 10:46am
Quoting Bacco
Pending short 1.2990 Stop loss 1.31 Take profit 1.26
IN
Twitter: Rummer_grapes
  • #551,304
  • Oct 5, 2020 10:57am Oct 5, 2020 10:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 32 KB
yes yes yes
  • #551,305
  • Oct 5, 2020 11:29am Oct 5, 2020 11:29am
Tomorrow expecting 2 long trades after London Open.
I trade only this pair for almost one year now
Prefer a high lot size with the one pair only rule Pound Dollar.
  • #551,306
  • Oct 5, 2020 11:40am Oct 5, 2020 11:40am
Quoting Moty
i feel good about my long . price is above daily open , daily pivot , weekly pivot , the spike is just a matter of time {image}

really well done moty ,

Today you very good feel market movement
I blow up my account today
  • #551,307
  • Oct 5, 2020 11:57am Oct 5, 2020 11:57am
Quoting seincard
{quote} really well done moty , Today you very good feel market movement I blow up my account today
sorry to hear that my friend .
work with hourly chart , put the 50 ema or sma or smooth band or or 150 ema band .
take the trade in the direction of the trend
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 31 KB
yes yes yes
  • #551,308
  • Oct 5, 2020 12:06pm Oct 5, 2020 12:06pm
Quoting Moty
{quote} sorry to hear that my friend . work with hourly chart , put the 50 ema or sma or smooth band or or 150 ema band . take the trade in the direction of the trend {image}

  • #551,309
  • Oct 5, 2020 12:08pm Oct 5, 2020 12:08pm
Quoting seincard
{quote} really well done moty , Today you very good feel market movement I blow up my account today
i guess you hold short for long time..
gu was kind today.
  • #551,310
  • Oct 5, 2020 12:21pm Oct 5, 2020 12:21pm
no buy/sell volume now.

Only tokyo..sell volume.

IMO
Intraday only.
  • #551,311
  • Oct 5, 2020 12:21pm Oct 5, 2020 12:21pm
Hey guys i got a question about exits,

SO heres my issue with my trading right now, my entries are pretty good, i can usually get in a trade with a 10-20 pip stop and it rarely gets hit, the one thing im having trouble with is exits.
I dont know if i should exit at like 30 or 50 pips and do a 1:3 RR or exit when i think we are going to reverse, what sucks is most of the time it will turn around when im in like 50 pips profit and ill end up getting 10 or 20 pips, I only trade 15 and 30 min chart for usually intraday or intrasession trades, i rarely hold a trade overnight.
In your guys experience what do you think i should do? should i try and hit a consistent 1:3 RR or try and let trades run and maximize profits.
  • #551,312
  • Oct 5, 2020 12:22pm Oct 5, 2020 12:22pm
Quoting seincard
{quote} really well done moty , Today you very good feel market movement I blow up my account today

If you can find out how to dance around with the losing side? Keeping the winning one opened... is easy. Managing the losing side is what makes all the difference. Please, ask not for any hints. This is just a suggestion...
Maadik Hugiis. IQ 69.
  • #551,313
  • Oct 5, 2020 12:39pm Oct 5, 2020 12:39pm
Quoting okanemici
{quote} If it stays above that around 1.3050 or 70 I will exit there and look for an other long later.
Cable look strong as predicted, no reason to short whatsoever. My exit will not be before 1.3070, even after that, a slight pullback this will go higher, then make higher highs than higher. Only buy the dips folks.
  • #551,314
  • Oct 5, 2020 12:42pm Oct 5, 2020 12:42pm
Quoting seincard
{quote} really well done moty , Today you very good feel market movement I blow up my account today
You should start trading monthly, then weekly, then daily, then 4 hour, then 1 hour charts, maybe at least for a few years demo account. Only after that, you can understand maybe how the market makers make the market mate.

Learn the business with someone else's money. Moty knows what I mean
  • #551,315
  • Oct 5, 2020 12:46pm Oct 5, 2020 12:46pm
Quoting okanemici
I keep my long from last week, very relaxed about that. For those looking for an entry 1.29 1.2910 is very nice. For those looking for perfect entry it is 1.2850. It is where you sell your home and buy GU)
This was some insight but I think nobody cared. Maybe I was lucky again)
  • #551,316
  • Oct 5, 2020 12:49pm Oct 5, 2020 12:49pm
Quoting ZTrader123
Hey guys i got a question about exits, SO heres my issue with my trading right now, my entries are pretty good, i can usually get in a trade with a 10-20 pip stop and it rarely gets hit, the one thing im having trouble with is exits. I dont know if i should exit at like 30 or 50 pips and do a 1:3 RR or exit when i think we are going to reverse, what sucks is most of the time it will turn around when im in like 50 pips profit and ill end up getting 10 or 20 pips, I only trade 15 and 30 min chart for usually intraday or intrasession trades, i rarely...
You should follow how each monthly weekly daily 4h 1h etc candle opens and closes. The best indicator is your eyes.
  • #551,317
  • Oct 5, 2020 1:13pm Oct 5, 2020 1:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 38 KB
yes yes yes
  • #551,318
  • Oct 5, 2020 1:27pm Oct 5, 2020 1:27pm
Quoting ZTrader123
Hey guys i got a question about exits, SO heres my issue with my trading right now, my entries are pretty good, i can usually get in a trade with a 10-20 pip stop and it rarely gets hit, the one thing im having trouble with is exits. I dont know if i should exit at like 30 or 50 pips and do a 1:3 RR or exit when i think we are going to reverse, what sucks is most of the time it will turn around when im in like 50 pips profit and ill end up getting 10 or 20 pips, I only trade 15 and 30 min chart for usually intraday or intrasession trades, i rarely...
Let your trades run, you will be profitable eventually if you truly have an edge.
Patience.....
  • #551,319
  • Oct 5, 2020 1:27pm Oct 5, 2020 1:27pm
Quoting ZTrader123
Hey guys i got a question about exits, SO heres my issue with my trading right now, my entries are pretty good, i can usually get in a trade with a 10-20 pip stop and it rarely gets hit, the one thing im having trouble with is exits. I dont know if i should exit at like 30 or 50 pips and do a 1:3 RR or exit when i think we are going to reverse, what sucks is most of the time it will turn around when im in like 50 pips profit and ill end up getting 10 or 20 pips, I only trade 15 and 30 min chart for usually intraday or intrasession trades, i rarely...
Hi Ztrader,

Years ago I was struggling with the same problem as you. I would let 100 pip trades diminish into nothing. So I started taking 20 and 50 pip profits. The thing is that once I took my profits I would look to re-enter again at a higher level or at least what I thought was a good level. I kept on grinding it out with more losses. One day I lost all my profits and was at rock bottom with my trading account. I left the last bit thinking WTF I will not gain anything and left it with a couple of dollars. It was months later when I saw this account which had grown to a couple of thousand pips. It was then that I started formulating something in my mind. What if I lock in asap and do the same thing as what happened when I was at rock bottom?. I have not looked back since then.
Cheers.
Trade to trade another day
  • #551,320
  • Oct 5, 2020 2:13pm Oct 5, 2020 2:13pm
i have that problem right now
10 lost trade in the raw no good
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