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Cable Update (GBPUSD)

  • #598,801
  • May 31, 2021 8:32pm May 31, 2021 8:32pm
Quoting NotAtrader
{quote} Indeed! As I said never use stop loss. Learn how to hedge properly and use Sell Stop or Buy Stop instead of Stop Loss. Stop feeding the market.
"rubbish" stop loss controls risk,hedging is extremely complicated and risky, stop blaming sl for bad entry, bad sl (poor protection), old saying better to wish you were in a good trade, than wish you were out of a bad trade, SL negates this nightmare
If you are new to Forex? Say Goodbye to your account!!
  • #598,802
  • May 31, 2021 8:39pm May 31, 2021 8:39pm
Quoting KiwiTrada
{quote} "rubbish" stop loss controls risk,hedging is extremely complicated and risky, stop blaming sl for bad entry, bad sl (poor protection), old saying better to wish you were in a good trade, than wish you were out of a bad trade, SL negates this nightmare
Of coarse hedging is complicated and risky for everyone who doesn’t know how to hedge. If you read my post again, you will see “Leanrn how to hedge properly and ………”

The only difference between SL and Buy/Sell Stop is SL sends your money to the broker while Buy/Sell Stop keeps the money in your account until you solve your hedges. Wake up
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,803
  • May 31, 2021 8:46pm May 31, 2021 8:46pm
Quoting Pipa1
9.72% draw ...This bi**ch took 1.42 stops without any trading activity and zero volume,on banks holiday,so funny...SL lovers what do you think about this one...nothing because you are out of order now...
1 4200 has paid handsomely as resistance thus far,, all S&R fail eventually, Im thinking 1 4200 is still in play, as psych level, previous daily weekly high has also come into play 1 4238, whether it is strong resistance is yet to be seen, testing retesting all takes time, I would accept a 4hr close above as 1st sign of weakness, daily stronger, I do like your way with words though :-) absolutely on the nail, however I do recall you strongly advising to "sell sell sell"???
If you are new to Forex? Say Goodbye to your account!!
  • #598,804
  • May 31, 2021 8:55pm May 31, 2021 8:55pm
Quoting NotAtrader
{quote} Of coarse hedging is complicated and risky for everyone who doesn’t know how to hedge. If you read my post again, you will see “Leanrn how to hedge properly and ………” The only difference between SL and Buy/Sell Stop is SL sends your money to the broker while Buy/Sell Stop keeps the money in your account until you solve your hedges. Wake up
I am awake

“Leanrn how to hedge properly " yeah big book, and useless, better place is Learn Forex Trading at School of Pipsology - BabyPips.com better to learn how to trade,
hedging, no sl,s has been debated to death on these threads, same story, same ending they eventually disappear

No stop loss and / or hedging means -
Unsure of entry
Unsure of S or R
No R/R
No Trade plan
or trading with "monopoly money"
If you are new to Forex? Say Goodbye to your account!!
  • #598,805
  • May 31, 2021 9:04pm May 31, 2021 9:04pm
Quoting KiwiTrada
{quote} I am awake “Leanrn how to hedge properly " yeah big book, and useless, better place is Learn Forex Trading at School of Pipsology - BabyPips.com better to learn how to trade, hedging, no sl,s has been debated to death on these threads, same story, same ending they eventually disappear No stop loss and / or hedging means - Unsure of entry Unsure of S or R No R/R No Trade plan or trading with "monopoly money"
Haha

So basically what you say here is that you are always absolutely sure in your entry and you have the highest possible confidence in your trading plan?!

Then answer the question please - why are you using SL if you are so sure in your entry?
You obviously do not realize the power of Buy/Sell Stops and hedging. This is the only explanation why you so stubbornly deny this method.

Again:
1. If you set SL at 25 pips and it gets hit, the money is gone and there is no way back.
2. If you set Buy/Sell Stop at 25 pips and it gets hit, your money will be still in your account and if you know how to hedge properly you will never lose money again. Period.
It doesn’t get simpler than that.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,806
  • May 31, 2021 9:16pm May 31, 2021 9:16pm
Quoting NotAtrader
{quote} Haha So basically what you say here is that you are always absolutely sure in your entry and you have the highest possible confidence in your trading plan?! Then answer the question please - why are you using SL if you are so sure in your entry? You obviously do not realize the power of Buy/Sell Stops and hedging. This is the only explanation why you so stubbornly deny this method. Again: 1. If you set SL at 25 pips and it gets hit, the money is gone and there is no way back. 2. If you set Buy/Sell Stop at 25 pips and it gets...
So basically what you say here is that you are always absolutely sure in your entry and you have the highest possible confidence in your trading plan?

I didnt say anything like that, I get stopped regularly and never complain, I revisit my trade plan, analyse what happen, re assess and move on
If trading was so easy, why are you here????
If you are new to Forex? Say Goodbye to your account!!
  • #598,807
  • May 31, 2021 9:18pm May 31, 2021 9:18pm
Quoting KiwiTrada
{quote} "rubbish" stop loss controls risk,hedging is extremely complicated and risky, stop blaming sl for bad entry, bad sl (poor protection), old saying better to wish you were in a good trade, than wish you were out of a bad trade, SL negates this nightmare
100% agree. Don't know whether i am a newbie. But i still practice SL on each and every trade executed. IMO, SL does not have to be placed on your platform, yet you need to know where to get out. It is not about the STOP LOSS, it's all about controlling your risk. These are not just words, these are facts from my past experience. I was there once without SL and made 300% in a month next month i gave it all away.
Fools Rushing
  • #598,808
  • May 31, 2021 9:20pm May 31, 2021 9:20pm
Quoting MTF Test
{quote} what do you think of 77826 as the TP 1 and a consolidation. ? {image}
Aussie "cash rate" in 10 minutes, if sharemarket pullback is valid, may see some movement????
If you are new to Forex? Say Goodbye to your account!!
  • #598,809
  • May 31, 2021 9:28pm May 31, 2021 9:28pm
Quoting Sang.Real
GU Scalping Tokyo {image}
GU


Hi just came back and saw the first trade for Jun has been stopped.

Look forward to trade L.O. later.

Take care and trade well.

Sang Real

Attached Image (click to enlarge)
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  • #598,810
  • May 31, 2021 9:29pm May 31, 2021 9:29pm
Quoting KiwiTrada
{quote} So basically what you say here is that you are always absolutely sure in your entry and you have the highest possible confidence in your trading plan? I didnt say anything like that, I get stopped regularly and never complain, I revisit my trade plan, analyse what happen, re assess and move on If trading was so easy, why are you here????
I am here because I like to share my experiences with traders who struggle to find winning ways and because I have hedges to solve and this does not stress me because I have my money in my account thanks to Buy/Sell Stops and hedging and I know how to hedge and I know that I will solve my hedges and receive the desired profit.

Yes I am sure you get stopped out because there’s no perfect entry and things go wrong sometimes. And this is exactly my point - if you use Buy/Sell Stops you can prevent the market from killing your Stop Losses and taking your money while you (as you say) revisit your trade plan and analyze what happened and start solving your hedge. When you solve your hedge, you haven’t lost anything while if you use SL your money has gone in the pocket of your provider. It’s just pointless to argue this.

Anyways you trade your money, I trade my money. And you can put it that way: I don’t lose money because I use Buy/Sell Stops and I hedge. You lose money because you use SL.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,811
  • May 31, 2021 9:29pm May 31, 2021 9:29pm
Quoting KiwiTrada
{quote} Aussie "cash rate" in 10 minutes, if sharemarket pullback is valid, may see some movement????
Cheers Kiwi

Holy mother of god,, It just beautiful. Thanks for the alert.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 5HaoEzon.png Size: 30 KB
Fools Rushing
  • #598,812
  • May 31, 2021 9:36pm May 31, 2021 9:36pm
Quoting MTF Test
{quote} 100% agree. Don't know whether i am a newbie. But i still practice SL on each and every trade executed. IMO, SL does not have to be placed on your platform, yet you need to know where to get out. It is not about the STOP LOSS, it's all about controlling your risk. These are not just words, these are facts from my past experience. I was there once without SL and made 300% in a month next month i gave it all away.
I respect the aim to keep things under control and apply reliable risk and money management. What I don’t understand is why do you want to give your money to your provider by using SL instead of keeping your money in your account and find a way to solve your hedges

I am sorry but this freaks me out. You guys simply don’t understand what is the difference between SL and Buy/Sell Stops

I shared my experience with those who want to pay attention to it and I am happy for having done so.
The ones who gladly feed the market and their brokers, please continue to use SL.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,813
  • May 31, 2021 9:44pm May 31, 2021 9:44pm
Quoting NotAtrader
{quote} I respect the aim to keep things under control and apply reliable risk and money management. What I don’t understand is why do you want to give your money to your provider by using SL instead of keeping your money in your account and find a way to solve your hedges I am sorry but this freaks me out. You guys simply don’t understand what is the difference between SL and Buy/Sell Stops I shared my experience with those who want to pay attention to it and I am happy for having done so. The ones who gladly feed the market and their...
Ok. I am listening, Care to explain your strategy. I have seen people with controlling risk by hedging the same pair. Is that what you want to talk about or trade without a proper control ?

If your talking about averaging your risk by opening a counter trade, i would say, you have a point. i would't ask you how hard is that. But how easy is that ?

Just trying to understand. not being sarcastic here.
Fools Rushing
  • #598,814
  • May 31, 2021 9:52pm May 31, 2021 9:52pm
Just find your way guys. Every swing has a reason every double top and double bottom has a reason. When you start to see in a different way the game is easy and relaxing.
  • #598,815
  • May 31, 2021 9:52pm May 31, 2021 9:52pm
Quoting Pipa1
{quote} Broken through SL's and other buy stops.Cleaned the table. {quote} You didn't conquer nothing .You're out. {quote} Great strategy.Keep funding your fat broker.
It is more wise I am accept my loss and feed the broker than feed my ego while you keep scream long but keep hold your loss positions .. I saw a lot members like you come and go vanished trade without stop by hoping the price will coming back again,and if you are lucky enough when the price going down then I am pretty sure you will come here and scream loudly again,sorry that's not my style. Even the perfect setup also will be fails, Talk to me when you have your stop so all of us here will know you are a truly winner or not

Good luck
  • #598,816
  • May 31, 2021 9:55pm May 31, 2021 9:55pm
It's all about knowing when you completely messed everything. If you know the price will return back to your hugs why you need another loss? Sure it's difficult to know if price will return back. But not impossible.
  • #598,817
  • May 31, 2021 9:57pm May 31, 2021 9:57pm
Quoting DailyChart
{quote} It is more wise I am accept my loss and feed the broker than feed my ego while you keep scream long but keep hold your loss positions .. I saw a lot members like you come and go vanished trade without stop by hoping the price will coming back again,and if you are lucky enough when the price going down then I am pretty sure you will come here and scream loudly again,sorry that's not my style. Even the perfect setup also will be fails, Talk to me when you have your stop so all of us here will know you are truly winner or not Good luck
Freakishly on to the point. your bloody wise than i thought.
Fools Rushing
  • #598,818
  • May 31, 2021 9:59pm May 31, 2021 9:59pm
Just look how AUDUSD will climb back
  • #598,819
  • May 31, 2021 10:00pm May 31, 2021 10:00pm
Quoting KiwiTrada
{quote} So basically what you say here is that you are always absolutely sure in your entry and you have the highest possible confidence in your trading plan? I didnt say anything like that, I get stopped regularly and never complain, I revisit my trade plan, analyse what happen, re assess and move on If trading was so easy, why are you here????
Trading is really hard.
I am gaining trading experience all the time. I have not succeeded yet. Based on my programming knowledge, I have read and understood all the necessary indicator tools based on their code and I know which ones are not good.
Specify support and resistance areas in all time frames. For example, last week in the EURUSD resistance area, where everyone in the forum said it had crossed that area, and everyone was wondering what happened, and yesterday in the GBPUSD, I opened short in that area, and today I woke up and saw that it had crossed the area and I was at a loss.
I do not know where my knowledge is not enough.
success comes from finding win-win solutions
  • #598,820
  • May 31, 2021 10:03pm May 31, 2021 10:03pm
Quoting MTF Test
{quote} Ok. I am listening, Care to explain your strategy. I have seen people with controlling risk by hedging the same pair. Is that what you want to talk about or trade without a proper control ? If your talking about averaging your risk by opening a counter trade, i would say, you have a point. i would't ask you how hard is that. But how easy is that ? Just trying to understand. not being sarcastic here.
I never trade without control.
There is nothing to explain. It is ridiculously simple. Use SL means your money is lost and gone when the SL gets hit. Use Buy/Sell Stops means your money is being kept in your account and you are given a second chance. Simply place a Buy/Sell Stop on the level where you initially wanted to place a SL. That’s it. As I said learn how to hedge properly and you will not lose money to the market again. I just can’t get my head around the fact that people are so blinded by the false security they feel when using SL. SL takes money from your account when your entry isn’t as good as you wish. Buy/Sell Stop keeps the money in your account when your entry isn’t as good as you wish and you get a second chance provided you know how to hedge. Yes hedging is not easy and it’s risky, but again tell me what is easy and not risky when it comes to trading???
No username yet? You are on my ignore list. Fuck off and do not quote me!
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