Cable Update (GBPUSD)

Quoting dempire1

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{quote} I think they are setting it up for FOMC

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Quoting Cr4zy

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Buy limits 1.3869 and 1.3864 Profit target in the range of 1.3915 to 1.3935 SL 1.3849

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Quoting Waveskierrob

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{image}

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Quoting Pat Chiko

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{quote} Congrats for your good trade. By now, I started to understand how you actually trade, even though, never posted a chart. This is my take on how you handle your trade. If I miss anything, please share the missing secret here for everyone benefit. Sometimes, you use straddle method. You never create strong bias in your mind instead, approach it like this: Perhaps price might move one way, and if so, what could I stand to win/lose?. Strong bias will make it hard to admit you were wrong and holding to the losses for prolonged period....

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Quoting Cr4zy

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Buy limits 1.3869 and 1.3864 Profit target in the range of 1.3915 to 1.3935 SL 1.3849

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Quoting dimitricss

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more prediction, more confusion

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Quoting kris89

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area supply almost reach awaiting 1.39000 tp be hit today , lets catch some fish

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Quoting Ihlas

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Sell 1.3894 Target 1.37000

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Quoting Pat Chiko

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{quote} Its is impossible to know whether price will go up or down you just need to find some pattern which will shift odds to your favor. Applying techniques in spot FX is a very different ball game ,price manipulation ,government inference ,hedging requirements and the list goes on. Certainly long term horizons based on firm fundamentals can be traded in this longer term trend, but for intraday trading we need a totally different approach. We get caught up in the illusion trying to establish trend all the prevalent time horizons do nothing but...

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Quoting Pat Chiko

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{quote} Congrats for your good trade. By now, I started to understand how you actually trade, even though, never posted a chart. This is my take on how you handle your trade. If I miss anything, please share the missing secret here for everyone benefit. Sometimes, you use straddle method. You never create strong bias in your mind instead, approach it like this: Perhaps price might move one way, and if so, what could I stand to win/lose?. Strong bias will make it hard to admit you were wrong and holding to the losses for prolonged period....

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Quoting Waveskierrob

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{quote} Pretty much sums it up but I'll try to give an example:- If you try to predict a flip of a coin, over a period of time, at some stage your predictions would be 50/50, sometimes wrong more than right and sometimes right more than wrong, when I'm right is when I bank the money, just playing the averages game, but also play both at the same time heads and tails, hope this makes sense tried to keep it simple as there is more to it, or I could be a............... {image}

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Quoting dimitricss

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more prediction, more confusion

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Quoting Pat Chiko

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{quote} Keriss, this guy look like you. Your cousin ? brother ? {image}

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