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Cable Update (GBPUSD)

  • #575,941
  • Feb 3, 2021 8:52am Feb 3, 2021 8:52am
Quoting cymru1
{quote} {image}

Sweet baby Jesus
  • #575,942
  • Feb 3, 2021 8:53am Feb 3, 2021 8:53am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
added new short at 13660..
Sl. 13690
Tp. 13590
Waiting

P.s. I will probably be wrong
Studing..............
  • #575,943
  • Feb 3, 2021 8:55am Feb 3, 2021 8:55am
next will drop to 1.36
  • #575,944
  • Feb 3, 2021 8:55am Feb 3, 2021 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 1011.PNG Size: 16 KB
  • #575,945
  • Feb 3, 2021 8:55am Feb 3, 2021 8:55am
Quoting cymru1
{quote} {image}

Is it real account bro???
  • #575,946
  • Feb 3, 2021 8:56am Feb 3, 2021 8:56am
Quoting cymru1
{quote} {image}
nothing wrong with your trades it's just your money management, me personally spend 100% managing my trades and 0% direction, just something to think about
  • #575,947
  • Feb 3, 2021 8:56am Feb 3, 2021 8:56am
Quoting parshal
{quote} I think this went well but I don't know where to take profit now
maybe this helps...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.03.15M.png Size: 90 KB
Always trade your own plan...I don't provide trading signals.
  • #575,948
  • Feb 3, 2021 8:56am Feb 3, 2021 8:56am
Quoting NhRedoy94
{quote} Is it real account bro???
Yup it is. Down 25,000 currently. This game is NOT for me.
  • #575,949
  • Feb 3, 2021 8:57am Feb 3, 2021 8:57am
Quoting maheeee
{quote} 500% guaranteed bull candle from open price 1.36583 , last 2 days its tried to bull candle but failed,but today it will bull candle, lets us wait and watch....
its going above open price....

happy bullllllllllllllllllllllllllllllllllllllllllllll
  • #575,950
  • Feb 3, 2021 8:58am Feb 3, 2021 8:58am
Quoting cymru1
{quote} Yup it is. Down 25,000 currently. This game is NOT for me.


Bro ,,, don't blame the game ,, you do not manage your capital ,,, before start trading i think you need to learn about money management.
  • #575,951
  • Feb 3, 2021 8:58am Feb 3, 2021 8:58am
Quoting Sang.Real
{quote} GU Still holding two losing position. Hope it will goes up soon. To hold or to close ? Any comment are welcome for educational purposes. Thank You {image}

GU

Add one more LONG Scalping position.

Will move SL to better place.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 116.jpg Size: 299 KB
  • #575,952
  • Feb 3, 2021 8:58am Feb 3, 2021 8:58am
Sometimes I wonder how the news (fundamentals) affect the GBPUSD market.

I think the 1.3700 is a strong resistance area and the 1.3600 is a strong support area.

The GBPUSD market seems to be moving within these two areas.

I think the fundamentals will determine which level will be broken eventually.

I think the non-farm employment change will give the GBPUSD market a strong direction on Friday.

For example, if the news is good for USD, the price might go below 1.3600.

And if the news is bad for USD, the 1.3700 level might be exceeded to the upside.

I don’t which one will play out but I will be careful because of the volatility seen around high impact news releases.
  • #575,953
  • Feb 3, 2021 8:58am Feb 3, 2021 8:58am
Quoting nutgm5169
next will drop to 1.36
The BUY/Volume strength shows nearly 30 now..so be careful
My observation may be wrong but intent correct. Stay calm!
  • #575,954
  • Feb 3, 2021 8:59am Feb 3, 2021 8:59am
Quoting cymru1
{quote} Yup it is. Down 25,000 currently. This game is NOT for me.
Take a break, trade a smaller account until you're consistent for a while. It is a rite of passage for a trader to blow a large amount of money at some point, in fact it almost has to happen.
  • #575,955
  • Feb 3, 2021 9:00am Feb 3, 2021 9:00am
Quoting cymru1
{quote} {image}
oh boy ! Hope this is not a real account. You got to learn your basics. Risk and Reward is bloody important to you dude. unless you have crystal ball.
Fools Rushing
  • #575,956
  • Feb 3, 2021 9:00am Feb 3, 2021 9:00am
Quoting maheeee
today candle probability of closing bull
live now....
  • #575,957
  • Feb 3, 2021 9:01am Feb 3, 2021 9:01am
Quoting cymru1
{quote} I was thinking that this may go down because of the US News. It seemed very positive for the DXY hence my trades placed.
No..no....no, your lot size was too much because you can't predict the direction of the market even based on news. The MMs decides where the market should go. This pair will still come down of cos. You need to be careful next time at news hour. Its better to wait and place your trade after the whole news than during the news.

So sorry for the loss. Also, the point at which you placed the trade was too late. You've missed the entry point, you should have given up on it and just wait for retracement to join the selling train.

Good luck next time.
  • #575,958
  • Feb 3, 2021 9:01am Feb 3, 2021 9:01am
Quoting MTF Test
{quote} oh boy ! Hope this is not a real account. You got to learn your basics. Risk and Reward is bloody important to you dude. unless you have crystal ball.
I appreciate the advice guys. As I mentioned above - just traded on the wrong way with the news. I'm still baffled as to why good news for the US means the dollar going against the pound. Just cannot get my head around it!
  • #575,959
  • Feb 3, 2021 9:01am Feb 3, 2021 9:01am
probably 1.37 first

demo
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxcm-australia-pty.png Size: 38 KB
dolce vita
  • #575,960
  • Feb 3, 2021 9:03am Feb 3, 2021 9:03am
Yesterdays high on dxy is automatically resistance, I believe this caused the rise in cable. It's also a very strong supply level from Nov. This is also the neckline level we had from that big double top recently.
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