Cable Update (GBPUSD)

Quoting Trader4818

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{quote} If you know you have a positive expectancy over the long run, backed by a track record and stats, then no it is not gambling. If you just risked 20% today for the fun of it and now can't decide if it is gambling or not, then you are.

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Quoting TerpFan2

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{quote} ZZ Trader, ... i'll weigh in. IF you Traded "Edges" -Things you noticed that had a 'Higher Chance of Working Out', Then, you were trading about as best you could. -Sometimes we get bumped into a trade- like that Brexit (Spike) today & those are know as "Unknown Forces." -No one can plan for that. -IF you made money off of that Great, But that's not a Viable, "Edge". -Again they were "Unknown Forces." All we do in here is work the "Edges" we know, -some on Big TF's, Some on Littler Ones & we take our Ducket$ & Go home. Regardless, Great Work...

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Quoting kuroro001

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{quote} Yes possible And patience for the dollar run Looking at the commodities overloaded on the long side, a drop of it (grains + soft) may help dollar rising big It will come up

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Quoting ZTrader123

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{quote} Ive heard so much about that book might be time to get it Thanks for the post friend!

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Quoting BeeTogether

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I’m out of short trade not going anywhere. New signal from iG for long aiming for 3070

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Quoting Bacco

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{quote} I Ve taken a good short on sugar at weekly resistance (15) aiming at 12 (gap up). 8 green weekly candle plus divergence on rsi daily. Time to take a breath

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Quoting kuroro001

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{quote} Well done, it should dive for sure, alongside with corn/wheat/soybean (long coffee/short sugar strategy is good too) A dollar rise shall come and help (or its the other way around)

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Quoting Barnell

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{quote} You seem to be getting a lot of signals from IG, how often do they come?

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Quoting ZTrader123

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{quote} Its just some food for thought ive even done it myself, 500 demo account to 10k in like two weeks. MULTIPLE times, what holds us from doing that in a live account? we all know its the psychology and attachment to money, but if we go into an account knowing we are "gambling" would we be able to do the 500 to 10k? Very interesting things to study and see the statistics on and with a decent understanding of price it seems doable, maybe thats the thing not so many people understand how this market works so they assume its impossible,...

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Quoting Wavegarrick

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{quote} Hi Shahab, Thanks so much. I must say, I feel that I am losing the plot of late, and with a bit of self-reflection, I realize that my bullish bias has overtaken my system approach so much so that I am breaking my own rules, Time to sit back. strategize and get back to my old ways. Your calm pinpoint approach is truly helpful in comparing with my system and indeed great to be in the midst of one of the best traders I have come across. Thanks again Cheers Leon

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Quoting Moty

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another new hourly low {image}

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Quoting TerpFan2

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{quote} Yes, -DO... Believe it or not- You'll Learn MORE about yourself and then your trading, and the world around you, that IT will blow your mind. I was once told "STOP EVERYTHING YOU'RE Doing"... Buy this book, Read it 4x then 6x, I think i've read it front to cover, like twice, then a bunch of times as reference & practice. I guarantee it will stop a bunch of trades you shouldn't make, But then get you to ACT instinctively on a Bunch of 'Edges' that you were "hesitant" on. You'll see what 'mean. The book is priceless. One trade will pay for...

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Quoting OxyGen_FX

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{quote} I see. I do not know this. If UK don't sell much......do they import much thru this tunnel?

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