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Cable Update (GBPUSD)

  • #571,121
  • Jan 9, 2021 5:53am Jan 9, 2021 5:53am
Quoting Jinnieve
{quote} I think its ok now, I transferred my fund into another account and the account balance is 0 now. This should solve it since the order should not be trigger if I don’t have enough margin. What do you think?
yes, good idea
order will be deleted automatically if you dont have funds for opening it.
  • #571,122
  • Jan 9, 2021 7:05am Jan 9, 2021 7:05am
Quoting wiserltz
{quote} As I know forex 's SL is not guarant to execute: stop loss will be excuted at the gap price not the sl price. Am I right?
and standard market volatility are cells are pretty much guaranteed to the PIP, fundamentals can maybe push it a PIP or two but nothing serious however due to a weekend gap you could be filled way under or over your sl

Wish you the best
  • #571,123
  • Jan 9, 2021 7:36am Jan 9, 2021 7:36am
Quoting wiserltz
{quote}... Stop loss hurt you, make you loss money, but protect you from lossing more and blowing the account

Free the stress of loss trades, give you some hours for a walk & thinking, good for you health

You're confused bud.


SL is the instrument that every broker MAKES PROFITS from

They hunt your stops.....
They lie to you to USE TIGHT STOPS.
Death by thousands cuts




Example - open all your positions with 1000 pips TP and 10 pip SL.

With R/R of 100 you'll be millionaire right



So yeah....
I use manual close....
And if in profit I'll put some 5 pips SL and often they'll slippage it
Beware of robber banks (RB), bad advisors.
  • #571,124
  • Jan 9, 2021 7:37am Jan 9, 2021 7:37am
Rozey started this ‘bit of humor,
had us all wetting our pants in
laughter...

Here you go,
”Margin Call”:

Inserted Video


P.S. Do yourself a favor, do NOT chant this song,
Into your “Subliminal” !
I will work to Objectively Identify my Edges
  • #571,125
  • Jan 9, 2021 7:46am Jan 9, 2021 7:46am
Quoting Jinnieve
{quote} I think its ok now, I transferred my fund into another account and the account balance is 0 now. This should solve it since the order should not be trigger if I don’t have enough margin. What do you think?

That smells like a fat lie to me...



How's the balance Zero if you have open positions????

You heard of ..... Margin ??



Attached Image
Beware of robber banks (RB), bad advisors.
  • #571,126
  • Edited 8:17am Jan 9, 2021 8:02am | Edited 8:17am
Quoting Not-KPMG
{quote} You're confused bud. SL is the instrument that every broker MAKES PROFITS from They hunt your stops..... They lie to you to USE TIGHT STOPS. Death by thousands cuts Example - open all your positions with 1000 pips TP and 10 pip SL. With R/R of 100 you'll be millionaire right So yeah.... I use manual close.... And if in profit I'll put some 5 pips SL and often they'll slippage it ...
I have been in the market long enough, surely I know SL is the butter & bread of BROKERS.
Most people think hunting for SL is sneaky conspiracy, actually it is stratagem in the open, feature of the MARKET, SL hard or mental.
There should be SL somewhere for them to hunt for.
manual close = SL mental

Be a spectator, not a player
  • #571,127
  • Jan 9, 2021 8:15am Jan 9, 2021 8:15am
Quoting Not-KPMG
{quote} That smells like a fat lie to me... How's the balance Zero if you have open positions???? You heard of ..... Margin ?? {image}
He Said Buy Limit that's is pending order not open position so its ok pending order will be cancelled automatically if no balance in the account.
  • #571,128
  • Jan 9, 2021 8:28am Jan 9, 2021 8:28am
Quoting TrTT
I Show you maheeeeeeeee {image} Now you seeee the TP stands At 1.361700 So I Am WaiTing See Ya
Maheeeeee Shakuntala

Lesson Lesson Blackboard

See

Attached Image (click to enlarge)
Click to Enlarge Name: Gbp Tp.png Size: 14 KB

One More

Attached Image (click to enlarge)
Click to Enlarge Name: Usdcad TP.png Size: 14 KB


HaHa

How is things mahee at your end. Doing good
  • #571,129
  • Jan 9, 2021 8:30am Jan 9, 2021 8:30am
Quoting maheeee
{quote} i agree u r expert in take profit..u r great in trading..........
HaHa you got that right..you will become one too if you focus....
  • #571,130
  • Jan 9, 2021 10:39am Jan 9, 2021 10:39am
COT weekly
Attached Image (click to enlarge)
Click to Enlarge Name: cot.png Size: 89 KB
  • #571,131
  • Jan 9, 2021 10:46am Jan 9, 2021 10:46am
Quoting pipfarm
Thanks to palpite for the info on how to upload, funny i tried the same method but never worked before. First of all let me say , this is not my video and it is not me in the video and the video is for educational purposes only. The guy in the video explains market structure on a single timeframe , however he does not have the full picture as key to market structure is being able to put each timeframes structure into the higher and lower timeframe to give an overall view of the market and use it profitably. I was considering starting a thread about...
Thanks, Pipfarm,
Went through the whole video today. Very educational and a must for all traders.
Cheers.
Trade to trade another day
  • #571,132
  • Jan 9, 2021 11:51am Jan 9, 2021 11:51am
Quoting SCopier
Not sure about news, but this is my view {image}
Perfect view, congrats.
Together we can be strongest
Vantage Return This Month: na
  • #571,133
  • Jan 9, 2021 12:02pm Jan 9, 2021 12:02pm
Quoting Jinnieve
I accidently left a buy limit order open.. I'm worry about the opening gap will be low hence trigger my order and ignore my tight stop loss. Any suggestions? {image}
I'm not sure about this, but If price gaps below your limit order, I don't think it will even be filled at market open, so you won't need to worry about the SL. If it gaps below your buy limit, just cancel the order.

Since it's a buy limit and you don't currently have any open positions, I don't think you have anything to worry about.
Hope this helps.
Compulsions can be hard to resist
  • #571,134
  • Jan 9, 2021 12:06pm Jan 9, 2021 12:06pm
USD Index for the next week.

Analysis bullish - if the price open with an gap, the bulls will push the price higher.

Analysis bearish - The price tried to cross the resistence without sucess and the bears can push the price down further yet.

In my opinion, this is an zone neutral, where everything can happen. Follow the candles H4 will be the best choice for me.


Attached Image (click to enlarge)
Click to Enlarge Name: palpite1.png Size: 25 KB
Together we can be strongest
Vantage Return This Month: na
  • #571,135
  • Jan 9, 2021 12:15pm Jan 9, 2021 12:15pm
GBPUSD

I believe in the drop until the bottom of the next level. So, after this, will be the problem. The price can still the tendence bullish and cross the top or to drop a little more until the support. Where we will see the bottom of an triangle. Whatever your side, good luck for all.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 31 KB
Together we can be strongest
Vantage Return This Month: na
  • #571,136
  • Jan 9, 2021 12:24pm Jan 9, 2021 12:24pm
Quoting trumps
{quote} I'm not sure about this, but If price gaps below your limit order, I don't think it will even be filled at market open, so you won't need to worry about the SL. If it gaps below your buy limit, just cancel the order. Since it's a buy limit and you don't currently have any open positions, I don't think you have anything to worry about. Hope this helps.
Cancel that, it seems it might well be filled if gaps at a better price than your buy limit.
Just read you have transferred your funds anyway
Compulsions can be hard to resist
  • #571,137
  • Jan 9, 2021 1:36pm Jan 9, 2021 1:36pm
Something to ponder.

UK 66.6m population. 1,065 daily deaths

US 382m population. 3,865 daily deaths

Simple maths says UK in a much worse state and getting a lot worse. And uk has lockdowns and vaccination.

London Mayor (yes he maybe an idiot ;-) says virus is out of control in London.
A fool and his money are easily parted
  • #571,138
  • Jan 9, 2021 1:52pm Jan 9, 2021 1:52pm
Quoting helioss
COT weekly {image}

Do u have link to this site!!?
  • #571,139
  • Jan 9, 2021 2:07pm Jan 9, 2021 2:07pm
Quoting MozzChops
Something to ponder. UK 66.6m population. 1,065 daily deaths US 382m population. 3,865 daily deaths Simple maths says UK in a much worse state and getting a lot worse. And uk has lockdowns and vaccination. London Mayor (yes he maybe an idiot ;-) says virus is out of control in London.
Visualization of this
Attached Image (click to enlarge)
Click to Enlarge Name: coronavirus-data-explorer.png Size: 750 KB
Air force
  • #571,140
  • Jan 9, 2021 2:11pm Jan 9, 2021 2:11pm
Quoting W0lfram
{quote} Visualization of this {image}
Thanks, was on my phone with this image and gave up trying to attach it lol
A fool and his money are easily parted
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