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Cable Update (GBP/USD) without Idiots 22 replies

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Cable Update (GBPUSD)

Quoting Sang.Real
{quote} I want to travel to Indonesia and Hong Kong to visit Steven (Professional Forex Trader).
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Quoting Moty
get ready for 1.40500 area {image} {image} {image}
Your post is a perfect example that you shouldn't be guided by the dollar index when trading pound.
Quoting Sang.Real
{quote} I don't to end up doing something that is not worth the time spent. Chasing a dream, hours /day/months/years of learning with disappointing end of the day result over the period of 10 years. In years to come, Algo will take over in financial trading. Only handful human still trading Forex - sadly to say.... they are retail traders. Algo are more efficient and move BIG amount in split second. Human are at mercy of machine.
so don’t forget that the human brain is the best.
he also saw a connection in situations where the algo was no longer.
Something is happening.
The indexes are dropping hard
Daxi dropped 350 pts
3%
Quoting harve
{quote} why you not try invest in nickel minning in indonesia?

I'm an Nature Environmentalist Activist. I'm concern over destruction of nature.

When all this COVID-19 pandemic subside , I will enroll to study Environmental in Europe University for Under-Graduate.

I really don't like to see what Oil and Gas Exploration has done to destroy the environment.

Same as Bauxite mining, Rare Earth, Nickle , Copper all et cetera.

They are driven by greed and destroy the environment to be inherited by our grand children's.

No mining please ( Bit Coin is an exception)
Quoting Sang.Real
{quote} I'm an Nature Environmentalist Activist. I'm concern over destruction of nature. When all this COVID-19 pandemic subside , I will enroll to study Environmental in Europe University for Under-Graduate. I really don't like to see what Oil and Gas Exploration has done to destroy the environment. Same as Bauxite mining, Rare Earth, Nickle , Copper all et cetera. They are driven by greed and destroy the environment to be inherited by our grand children's. No mining please ( Bit Coin is an exception)
How about hot women ?
Quoting Sang.Real
{quote} Good suggestion. I'm trading as Hobby during lockdown. My dad loan me some money to learn new skill in finance & develop knowledge in financial world, My dad own few dozen of Well (mixed between Oil /Gas & some condensate). I'm not into the business it will die in 20 years once fossil fuel replaced by renewable energy. I must find something I like and enjoy to do. Forex is not... Just give the money to fund manager and let them organized it with 25% yearly return. I must come to Indonesia to visit you and bring one of my camel there. You're...

Trading has nothing to do with finance.
Its human behavior on a chart.
To be specific: it is Fear and Greed on a chart.

side note:
i hope you are locking in your profits on the sell's because price may start to turn upward soon.
in wondering about yourself, you forgot what you came here to be part of
Quoting knkie
{quote} Trading has nothing to do with finance. Its human behavior on a chart. To be specific: it is Fear and Greed on a chart. side note: i hope you are locking in your profits on the sell's because price may start to turn upward soon.

Thanks Knkie.

Does anyone know what is the world percentage Algo Trading vs Human Trading ?

What will happen in 10 years in future, as Algo become smarter and machine learning will be in advance learning capabilities.

In 10 years from now , I will be 28 years old. Am I going to be better trader than Algo ? Or 99% of world trading done by Algo.

Only handful of people still want to trade manually.

Don't to go into path that will be less useful in future.
bearish butterfly on weekly/daily
but hell no, im not shorting this monster ATM..
best for me is 1.475-1.48
imo in 3 weeks.. till then... sleep
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Quoting Sang.Real
{quote} Thanks Knkie. do anyone know what is the world percentage Algo Trading vs Human Trading ? What will happen in 10 years in future, as Algo become smarter and machine learning will be in advance learning capabilities. In 10 years from now , I will be 28 years old. Am I going to be better trader than Algo ? Or 99% of world trading done by Algo. Only handful of people still want to trade manually. Don't to go into path that will be less useful in future.
I totally understand where you are coming from mate but in my opinion you are too concerned about what will happen in 10 years time and not living in the moment. You might be right 'algo' might be the way forward in Forex but at this moment in time its all about human behaviour as Knkie said. Make as much money as possible while you can and when 'algo' takes over you can either learn from it and incorporate it in your trading or leave forex all together. But as you said, its 10 years down the line.
gbpusd.
sell. 1.40842.
This ain’t dropping. Took 4 pips gone long now
'Morning fellas,
when i said this to be a good level to scalp i was not thinking that price would range around such a long period.
i didn't activated my "ranging mode" trading strategy...
well, i keep waiting.
Stay cool.
If you don't know how to earn money, don't loose it.
Most traders are busy worrying of what price levels to buy/sell and Tp/Sl at than about money management.

Most traders blow their accounts not because of wrong entries but because of risking more than 1-2% of their account balance on a single trade.

When you're risking more than you can afford to loose just because you're greedy to earn more profits in short time, you're also subject to becoming nervous as price goes against you, that leads to taking more wrong decisions.

While if you just risk that 1-2%, you're way more relaxed as you know that the worse that can happen is that small % loss and you can also more easy play around it if you see price might retrace at some level corresponding to that % so you might keep order open for no or less loss..

What about everyone here try for one month only, risking no more than 2% of their account balance and judge the outcome after that to decide if you can continue so..can you all do that??
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Short entered although it doesn't look good for short
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Apart from me, is there anyone else in from the major bottom around 1.2740 from Sep 2020 ?
Quoting cspip
Apart from me, is there anyone else in from the major bottom around 1.2740 from Sep 2020 ?
long or short?
If you don't know how to earn money, don't loose it.
Quoting cspip
Apart from me, is there anyone else in from the major bottom around 1.2740 from Sep 2020 ?
You are short?
Quoting coolmakina
{quote} long or short?

Attachment 3871521

Long of course. When the price was at 1.2750, my initial target was 1.3914, ...now took most off, but still expecting higher.
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