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Cable Update (GBPUSD)

  • #568,841
  • Dec 28, 2020 3:49am Dec 28, 2020 3:49am
Quoting KiwiTrada
{quote} au nu rresistance doing its thing, problem is its not edit usd strength more there weakness, not seeing much usd strength across the board yet, but when or if it turns up move should become stronger both just tapped mini support as typing, but overall some work still to do before comfortable
still not comfortable with au tapped another mini support 7604 the support strongest will be 7600 if she goes, will be falling knives :-) quote "if"
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  • #568,842
  • Dec 28, 2020 3:53am Dec 28, 2020 3:53am
Quoting KiwiTrada
eu 2240 right now, may be worth an eyeball if it holds as resistance it could indicate usd strengthening of course already watching au nu uj swissy but cad has a little moe south before she may rise 2812 was gap, 2817 now, will be interesting across the board if usd does decide to pump it aka print it
she has pierce through eu bulls flexing, could go to 2257, will try a short there :-)
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  • #568,843
  • Dec 28, 2020 3:58am Dec 28, 2020 3:58am
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  • #568,844
  • Dec 28, 2020 4:07am Dec 28, 2020 4:07am
Quoting KiwiTrada
eu 2240 right now, may be worth an eyeball if it holds as resistance it could indicate usd strengthening of course already watching au nu uj swissy but cad has a little moe south before she may rise 2812 was gap, 2817 now, will be interesting across the board if usd does decide to pump it aka print it
cad 28128 almost but no cookie yet, waiting
If you are new to Forex? Say Goodbye to your account!!
  • #568,845
  • Dec 28, 2020 4:09am Dec 28, 2020 4:09am
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
rookie trader. 1 year fx trading experience.
  • #568,846
  • Dec 28, 2020 4:11am Dec 28, 2020 4:11am
Quoting bureuk
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
better learn to control your emotions
Always Defend your investment 1775
  • #568,847
  • Dec 28, 2020 4:12am Dec 28, 2020 4:12am
Quoting navk
watching 3569 to 3576 for possible short today.
made my money.

now will wait for NY session.
Intraday only.
  • #568,848
  • Dec 28, 2020 4:14am Dec 28, 2020 4:14am
Quoting bureuk
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
Very dangerous question on this thread, stick to what you know and have experienced as you will get lots of different answers on here and be none the wiser
  • #568,849
  • Dec 28, 2020 4:19am Dec 28, 2020 4:19am
Quoting bureuk
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
risk / reward is the best exit.

for example, if your stop loss is 20 pips, you must make more then 20 pips.

This will help in a longer run.
Intraday only.
  • #568,850
  • Dec 28, 2020 4:21am Dec 28, 2020 4:21am
Quoting bureuk
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
I exit when im going to enter new trade.
  • #568,851
  • Dec 28, 2020 4:23am Dec 28, 2020 4:23am
It may target below 1.3130 in 2-3 days
  • #568,852
  • Dec 28, 2020 4:30am Dec 28, 2020 4:30am
daily open blocked the price
the drop is here
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #568,853
  • Dec 28, 2020 4:34am Dec 28, 2020 4:34am
Quoting KiwiTrada
{quote} still not comfortable with au tapped another mini support 7604 the support strongest will be 7600 if she goes, will be falling knives :-) quote "if"
she pierce through 7600 was very good support like butter much much more happy both kiwi and aussie geppy through 140 00 like butter cable just tapped 135 00 important level for bears to take out, I am hearing falling knives everywhere, sound of music
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  • #568,854
  • Dec 28, 2020 4:39am Dec 28, 2020 4:39am
Quoting bureuk
Hi, I'm new forex trader. I can entry position well but I don't know where to exit. Can someone help? Should i exit when my profit target reached or should i exit see after chart patterns like W/M?
bad question, target should be known before you enter, reduce your sl to BE plus spread to remove risk when able, , and let your trade do as you planned ie "Plan your Trade then Trade you Plan,
If you are new to Forex? Say Goodbye to your account!!
  • #568,855
  • Dec 28, 2020 4:39am Dec 28, 2020 4:39am
Quoting navk
{quote} risk / reward is the best exit. for example, if your stop loss is 20 pips, you must make more then 20 pips. This will help in a longer run.
With the help of luck, I made my first trade on real account.. I'm watching market and studying for six months. I did 200 usd deposit. I have to control my emotions as a new trader. Wish me luck guys! (probably i will blow my account in 2 weeks).
Attached Image (click to enlarge)
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rookie trader. 1 year fx trading experience.
  • #568,856
  • Dec 28, 2020 4:41am Dec 28, 2020 4:41am
Quoting bureuk
{quote} With the help of luck, I made my first trade on real account.. I'm watching market and studying for six months. I did 200 usd deposit. I have to control my emotions as a new trader. Wish me luck guys! (probably i will blow my account in 2 weeks). {image}

what you wish yourself is what you get period.
Keep the Lights on then you can catch the rise from the dark.
  • #568,857
  • Dec 28, 2020 4:43am Dec 28, 2020 4:43am
Quoting KiwiTrada
{quote} bad question, target should be known before you enter, reduce your sl to BE plus spread to remove risk when able, , and let your trade do as you planned ie "Plan your Trade then Trade you Plan,
Thanks, I'm doing trade plan but during the implementation phase, my emotions guide me and I make changes in SL and TP point. Then this leads to over-trading.
rookie trader. 1 year fx trading experience.
  • #568,858
  • Dec 28, 2020 4:44am Dec 28, 2020 4:44am
Quoting bureuk
{quote} With the help of luck, I made my first trade on real account.. I'm watching market and studying for six months. I did 200 usd deposit. I have to control my emotions as a new trader. Wish me luck guys! (probably i will blow my account in 2 weeks). {image}
"with the help of luck".
That's a very dangerous statement in forex trading.
Patience.....
  • #568,859
  • Dec 28, 2020 4:52am Dec 28, 2020 4:52am
Quoting bureuk
{quote} Thanks, I'm doing trade plan but during the implementation phase, my emotions guide me and I make changes in SL and TP point. Then this leads to over-trading.
two of the most important things you mention will be your downfall, Overtrading and Emotions , need to work hard to control these asap, you say you plan trade, then say you alter plan, whats the point in planning, just stick to your plan, is simple, you either achieve your target or lose sl (if unable to go BE) if your trade fail, reassess plan, find out why, bad entry, greedy, bad r/r blah blah, believe me there are many more ways to trade wrong and very few to trade right
If you are new to Forex? Say Goodbye to your account!!
  • #568,860
  • Dec 28, 2020 4:53am Dec 28, 2020 4:53am
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yes yes yes
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