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Cable Update (GBPUSD)

  • #610,821
  • Jul 20, 2021 5:33am Jul 20, 2021 5:33am
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yes yes yes
  • #610,822
  • Jul 20, 2021 5:35am Jul 20, 2021 5:35am
Quoting coyoteuglyxxx
{quote} Yesterday I took a 42 pts loss after moving the stop, hoping that I was right with my long, but I was terribly wrong and decided not to do it again today, so… 16 in the green is ok
it is a problem when you are fear about your stop. You cant trade if you are not confortable with your loss.
  • #610,823
  • Jul 20, 2021 5:37am Jul 20, 2021 5:37am
If this is no stop hunting then it should go as down as 1.3200 by this month.
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Try the simple and make it for you ~
  • #610,824
  • Jul 20, 2021 5:38am Jul 20, 2021 5:38am
It looks like the market is going to hunt for stops and then start moving up
Lost in Narrative
  • #610,825
  • Jul 20, 2021 5:40am Jul 20, 2021 5:40am
Quoting Waveskierrob
{quote} Start very basic on demo 2 pip tp each way with no sl ever hour for a day and see how that goes, never ever try to predict the market easier said than done
I just tried this and it worked! It still seems totally insane to me but you must have money management rules and skill at solving the hedge should price shoot through and run away from you… do you always set the TP at 2 pips?

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  • #610,826
  • Jul 20, 2021 5:42am Jul 20, 2021 5:42am
damn bear
Trade with prediction = witch with her visions lol
  • #610,827
  • Jul 20, 2021 5:43am Jul 20, 2021 5:43am
Personally expect to stop hunt till 136 and then potentially pick up to 138/1385
Insane in the Brain..
  • #610,828
  • Jul 20, 2021 5:43am Jul 20, 2021 5:43am
Quoting Bainbrito
{quote} I just tried this and it worked! It still seems totally insane to me but you must have money management rules and skill at solving the hedge should price shoot through and run away from you… do you always set the TP at 2 pips? {image}
You expose yourself to tail risk though ? What if the market moves 1000 pips in one direction and gives you a margin call, unlikely but not unheard of
  • #610,829
  • Jul 20, 2021 5:49am Jul 20, 2021 5:49am
Quoting R4sh
It looks like the market is going to hunt for stops and then start moving up

My trading stop was hit
Lost in Narrative
  • #610,830
  • Jul 20, 2021 5:49am Jul 20, 2021 5:49am
anyone watching usdcad?
resilience....
  • #610,831
  • Jul 20, 2021 5:49am Jul 20, 2021 5:49am
Quoting mysterio
{quote} You expose yourself to tail risk though ? What if the market moves 1000 pips in one direction and gives you a margin call, unlikely but not unheard of
Definitely, I see it is super risky, I can see the logic in it too as price often moves sideways and should hit both TP’s. But still. I don’t think I’d want the stress of trying to solve a hedge especially in the situation you described or even a 20 pip move in one direction.
  • #610,832
  • Jul 20, 2021 5:51am Jul 20, 2021 5:51am
Quoting dimitricss
damn bear
everything is temporary, every move comes to end
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  • #610,833
  • Edited 6:09am Jul 20, 2021 5:57am | Edited 6:09am
British Queen's Crown
is it this?
it could Be, Before Oil Price Fall and Johnson was not Quarantine in Home

Everything now Help $ to Be more Strong, Maybe to 94 in $ iNdex
everything Depend News on Thursday and Friday
so we can Only Sit and Watch
if 1.361 will Break it Fall Down to 1.348 Because in Weekly TimeFrame always after Break it change Price more than 3000 Point
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  • #610,834
  • Jul 20, 2021 5:57am Jul 20, 2021 5:57am
Quoting KiwiTrada
{quote} bear flag bo retest possibly done 1 3667, now for continuation south it is contra gb100 but gold already was with strong resistance holding, for now anyway
retest held, shes heading south, who would have thunk that:-)
If you are new to Forex? Say Goodbye to your account!!
  • #610,835
  • Jul 20, 2021 5:58am Jul 20, 2021 5:58am
Damn! It is too funy now ~
Try the simple and make it for you ~
  • #610,836
  • Jul 20, 2021 5:59am Jul 20, 2021 5:59am
Quoting KiwiTrada
{quote} retest held, shes heading south, who would have thunk that:-)
Me lol
  • #610,837
  • Jul 20, 2021 6:00am Jul 20, 2021 6:00am
Quoting hederi
anyone watching usdcad?
yes, what about it??
If you are new to Forex? Say Goodbye to your account!!
  • #610,838
  • Jul 20, 2021 6:01am Jul 20, 2021 6:01am
Quoting Bainbrito
{quote} I just tried this and it worked! It still seems totally insane to me but you must have money management rules and skill at solving the hedge should price shoot through and run away from you… do you always set the TP at 2 pips? {image}
The scenario of you being short by 1 point or even 0.5 point from TP is realistic and it could drag you up or down, away from TP by 100+ pts. Then it would be hard to break even, never mind make a profit. In short, if I understand this correctly it looks to me as if you are limiting yourself to a small profit and exposing yourself to an unlimited loss. That makes no sense to me but I might be wrong
Did you place your stop loss order? Why not?!? Story of my life...
  • #610,839
  • Jul 20, 2021 6:01am Jul 20, 2021 6:01am
jiancok.. di gampar market hari ini .
Trade with prediction = witch with her visions lol
  • #610,840
  • Jul 20, 2021 6:05am Jul 20, 2021 6:05am
Quoting Bainbrito
{quote} Looking good but the breakout candles are not as strong as they seem - low volume. The congestion area should act as resistance though and 1.3660 as psych res. So far so good though! {image}
you are right. I entered too early. But thanks god it ended well.
In school I learned if answer is correct but the steps are wrong then I get zero. However, Thanks my lord I graduated school.

took half with 33 pips @ fibo expansion. moved SL to BE
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