Cable Update (GBPUSD)
{quote} You bring alot of fun and value into this group, thank you and keep it up!
{quote}maybe I am tricking you all, maybe I was long as well, maybe my days profit results are fabricated, maybe they are true but I don't post a massive minus P/L, my point is don't take any post/chart as gospel do your own due diligence and never ever pay for anything ps I could show £80,000 loss in Jan/Feb 2021 but could have made that up as well
{quote} Same here clawing my way back into profit this year after a big loss for NOT BEING PATIENT , patience, patience, patience
General plan for Monday is to buy at 1.38 and sell at 1.39. Will post some charts tomorrow.
Observation on NFP day for S&D Traders. The candle at the green arrow is an “engulfing candle” or “outside bar”. Notice how it completely engulfs the previous candle. If we were to combine the two candles, we would get a similar concept, i.e. downward movement, followed by a significant shift upward. The final bear push just before NFP, perhaps representing some profit taking, after which the downtrend..emphasis added
{quote} I don't know how many noticed but trades that end up as losers are mostly ignored by the original poster. There is rarely a chart showing the result of a losing trade and if there is any mention of a loser it is with a short critic sentence. Surely there are more losing trades that started as wining trades than are posted. Some traders seem to have only winning trades. As far as I can remember, effective learning for me was the result of analyzing an error or a bad execution. (regardless of the field this happened in) I don't think that...
{quote} Profoundly agree with you that patience is the key here. But again, you're not wrong, as long as you consider BOTH sides of the market. If want to buy, think about who will be (theoretically) on the other side of your transaction. If you are buying while the market makers are selling, you will lose...but if you are buying when the retail crowd is selling, you will most likely win. So if all the retailers have jumped on this move, think about the other side of the market, because that is what the market makers are doing. Trade Well & Safe....
{quote} Hi Leon You are truly one of the traders that are the best at "managing" your trades that I have had the good fortune to come across!! Keep it up & keep going well!! Trade well / Mos
You will know that it has not been an easy road for me. I have had many trades taken out at breakeven, but the most important aspect is that I rigorously try and stick with locking trades in quickly and at all costs and make sure that my trades are locked in before the end of the day. I usually open 1 up to 3 trades at various stages the day or time of the signal. The frustrating part is that I can have 300 pips profit reduced to a few pips closed in profit when we have pullbacks which of course I could not have anticipated at the time. This will not go down well with most traders but for me, rather safe than sorry. The trades I have left are surviving trades from an onslaught of pullbacks, so yes indeed it has been a hard-fought battle and hard worked for. I am just mentioning this so that traders and especially newbies don't just look at a beautiful picture that can easily be misread and mislead. It hasn't been a case of slapping down a few trades or a grid, walk away and hope for the best. It takes a different mentality and psyche to trade this way.{quote} I don't know how many noticed but trades that end up as losers are mostly ignored by the original poster. There is rarely a chart showing the result of a losing trade and if there is any mention of a loser it is with a short critic sentence. Surely there are more losing trades that started as wining trades than are posted. Some traders seem to have only winning trades. As far as I can remember, effective learning for me was the result of analyzing an error or a bad execution. (regardless of the field this happened in) I don't think that...
