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Cable Update (GBPUSD)

  • #584,561
  • Mar 17, 2021 2:21pm Mar 17, 2021 2:21pm
Greepgp Rotten Vegetable If I show you one Photo of mine on a Trading Forum Right they will all crumble Indian girls on my foot wanting to have a Taste of Thunder

Anyway Usdjpy So Sell it is. I Had previous posted I had Shorts on with targets around 108.400 but it was tricky the price kept creeping up and looked like it was going to be a breakout in Buy Direction

Anyway Let See if 108.400 get hit which is my TP Target

Lets See
  • #584,562
  • Mar 17, 2021 2:21pm Mar 17, 2021 2:21pm
Quoting Ihlas
First target is eliminated, now the second and then the third. I have marked them two or three days ago. I think I am posting too much. Have a nice day guys. {image}


Huge drawdown

Small profit

Poor Risk Reward.

No SL with combined 50 lot traded.

This consider as poor trades.

Take this criticism as positive even tho' you're a professional trader.

Peace

Here's you updated chart
Attached Image (click to enlarge)
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  • #584,563
  • Mar 17, 2021 2:22pm Mar 17, 2021 2:22pm
Quoting Georginson
{quote} The only meaningful book I read on forex trading is babypips school of pipsology. I have just been a full time trader of pound dollar since 2011. With lots of ups and downs, I can say losses make great traders eventually. I'm still learning and will keep learning. {quote} Please read my previous post for the reply.
"babypips" an absolute must for learners (before starting trading)
If you are new to Forex? Say Goodbye to your account!!
  • #584,564
  • Mar 17, 2021 2:23pm Mar 17, 2021 2:23pm
Quoting mysterio
Time to call it a day before I take any revenge trades! Re-assess things tomorrow- a couple of flat, fruitless days, not ideal! No damage done, at least. Congrats to those who managed to lock in profits. Still not sure why I didn't cash out when I had 14xR running earlier-pure greed!
Nothing like taking partials boss. I've always look forward to your contribution here. Love your openness on this. We live to fight another day.
You can't backtest emotions.
  • #584,565
  • Mar 17, 2021 2:23pm Mar 17, 2021 2:23pm
That Guy Keeps Acting On My Words HAHAHAHAHAhahahahahahaaaaa
  • #584,566
  • Mar 17, 2021 2:26pm Mar 17, 2021 2:26pm
Greepgp You Are Acting on your instincts. I Love Playing With Indian Instincts

HAHA
  • #584,567
  • Mar 17, 2021 2:31pm Mar 17, 2021 2:31pm
Quoting Sang.Real
{quote} Huge drawdown Small profit Poor Risk Reward. No SL with combined 50 lot traded. This consider as poor trades. Take this criticism as positive even tho' you're a professional trader. Peace Here's you updated chart {image}

Dear Sang,
This trades were already closed before dropping down. Hit and Run
I decided not to post any trades anymore. Thank you for your big heart. May be I am not professional
This was already taken just posted to make clear my targets. According to the volume. I close all of them according to the volume and momentum.
I don't believe in RR and SNR, Bull and Bear and such terms in fx. It's all about business here. One loses one gains.
I think you will get me right.
I am a little bit impatient but working on it. I am here to smash the fx.
Wish you all the best
  • #584,568
  • Mar 17, 2021 2:32pm Mar 17, 2021 2:32pm
Quoting Logician
{quote} Nothing like taking partials boss. I've always look forward to your contribution here. Love your openness on this. We live to fight another day.
Thanks- yeah survival is the name of the game. Time was I'd start shorting that spike out of annoyance but i've learned to stay zen. Can't get it right every time.

I've never actually scaled in or out of positions probably that's something to think about

Unrelated but looking at Gold. I'd held off picking the bottom on this (because it's Gold and its unforgiving). But we've taken out a big daily supply and on the edge of taking out a daily TL. So it might be worth a long term buy in the coming days once it breaks the TL and pulls back
  • #584,569
  • Mar 17, 2021 2:34pm Mar 17, 2021 2:34pm
Quoting Georginson
{quote} The only meaningful book I read on forex trading is babypips school of pipsology. I have just been a full time trader of pound dollar since 2011. With lots of ups and downs, I can say losses make great traders eventually. I'm still learning and will keep learning. {quote} Please read my previous post for the reply.

Thank you for your answer.
I think I got your point.
Everything is built on your experience. I am learning everyday too. Why and when? So this game is becoming more beautiful and interesting,
Thank you one more time.
______________________________
Wish you all the best
  • #584,570
  • Mar 17, 2021 2:38pm Mar 17, 2021 2:38pm
Quoting Marbas
{quote} And if you just sat on your hands two days and entered longs only on FOMC?) How much could you get? Now you understand where is your problem?
....and how are you so sure that price will move in his direction? This is forex
  • #584,571
  • Mar 17, 2021 2:42pm Mar 17, 2021 2:42pm
Looked like a Sell from the Moving Averages But it looked more a potential Higher Low after such a steep fall

Attached Image (click to enlarge)
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Now Now Now we have the Queens turn. Up Up Up not in the mood

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Right I wait Usdjpy 108.40

Seal the Deal for me in March. AAH Yen Girls

RighT See You

Bye Bye
  • #584,572
  • Mar 17, 2021 2:46pm Mar 17, 2021 2:46pm
Quoting Sang.Real
{quote} Huge drawdown Small profit Poor Risk Reward. No SL with combined 50 lot traded. This consider as poor trades. Take this criticism as positive even tho' you're a professional trader. Peace Here's you updated chart {image}

One more thing. And I don't believe that you can only make 5 or 10 percent profit. I would like to say that you can make 100, 200 or even 300 percent a day. You need just precise entries.
But you need to work very very very hard.
Best or nothing
Peace
__________________________________
Sic parvis magna
  • #584,573
  • Mar 17, 2021 2:52pm Mar 17, 2021 2:52pm
lol , now gu just can't stop climbing .
alight , you made your point , next time i will not try to catch the correction .
but now , it's really time to correct down mf
Attached Image (click to enlarge)
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yes yes yes
  • #584,574
  • Mar 17, 2021 2:56pm Mar 17, 2021 2:56pm
This is the beauty of the game
Enough for today.
Good night!!!
Attached Image (click to enlarge)
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  • #584,575
  • Edited 3:13pm Mar 17, 2021 3:00pm | Edited 3:13pm
Just in general, a break above 1.4020ish would turn me bullish. Whilst we're in the red supply area though the bears can easily snatch this back.

I come back to treasury prices, yea we had a big surge of buying but we're still in the range and yields are starting to recover. The dollar is sitting on a demand area which created this rally back on 12 March. Yields have rebased above 160bps and I dare say the dollar seems a bit oversold. I think it's down there because equity markets have rallied based on the revised growth forecast from the Fed. I wouldn't want to call it for now and just want to see if this daily candle closes inside or outside of the channel for a hint on what's next. On balance it looks like equity markets are gonna go on a tear and probably EU/GU will switch bullish.

What's everyones thoughts ?

Ihlas almost forgot, congrats on your prediction, consider my words eaten
Attached Image(s) (click to enlarge)
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  • #584,576
  • Mar 17, 2021 3:12pm Mar 17, 2021 3:12pm
Quoting Ihlas
This is the beauty of the game Enough for today. Good night!!! {image}
What's your biase tomorrow
  • #584,577
  • Mar 17, 2021 3:20pm Mar 17, 2021 3:20pm
Attached Image
...and the Emmy Award for today's comments goes to.................yes, our dear friend Sang.Real.. congratulation
Always trade your own plan...I don't provide trading signals.
  • #584,578
  • Mar 17, 2021 3:22pm Mar 17, 2021 3:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
Attached Image (click to enlarge)
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yes yes yes
  • #584,579
  • Mar 17, 2021 3:29pm Mar 17, 2021 3:29pm
Quoting Coreg2004
{image}...and the Emmy Award for today's comments goes to.................yes, our dear friend Sang.Real.. congratulation

Your quote "Always trade your own plan".. That's just it. One keeps making mistakes by not doing that at times.
  • #584,580
  • Edited 4:15pm Mar 17, 2021 3:34pm | Edited 4:15pm
Quoting Coreg2004
{image}...and the Emmy Award for today's comments goes to.................yes, our dear friend Sang.Real.. congratulation

Which comment? Could you please clarify?

Quoting mysterio
Just in general, a break above 1.4020ish would turn me bullish. Whilst we're in the red supply area though the bears can easily snatch this back. I come back to treasury prices, yea we had a big surge of buying but we're still in the range and yields are starting to recover. The dollar is sitting on a demand area which created this rally back on 12 March. Yields have rebased above 160bps and I dare say the dollar seems a bit oversold. I think it's down there because equity markets have rallied based on the revised growth forecast from the Fed. I...

I forgot about it. That's perfect if you haven't lost anything. One of the great guys here. Wish you luck and pips!!!

Quoting Nd10
{quote} What's your biase tomorrow

I have no idea yet. Most possible is retrace. Asian session will get a piece of pie from bull. Might be wrong.
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