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Cable Update (GBPUSD)

  • #616,221
  • Aug 12, 2021 3:55pm Aug 12, 2021 3:55pm
Quoting Moty
i am so bad , even if i took the loss at the pivot and started to short the mf gu , i would end up with profit today now i am in 200 $ floating loss , and hoping for a move up i will close with loss if it break the weekly s2 {image} {image}
think of it's a floating investment I'm sure u will get out @BE or better
who dares wins
mashFX DSRII Return This Year: na
  • #616,222
  • Aug 12, 2021 4:00pm Aug 12, 2021 4:00pm
let's go mf , back to 1.38600
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 50 KB
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #616,223
  • Aug 12, 2021 4:01pm Aug 12, 2021 4:01pm
Quoting Otiken
{quote} There is a leg up yesterday and today a counter leg down. The price is at the lower band of hourly and 5mins channel, daily low and important price level 1.3800 area. This data for me suggest that a lot of players are at this level positioning and repositioning At this point buyers mostly are at lost. Price is the key. It could go up from here or continue to go down My process is always to go with trend and all trends are always in the direction of impulse. The most recent impulse I can see is down. I could not find info about to support...
Yeah, I like going with the trend too but Well, like you said, nothing is certain...
  • #616,224
  • Aug 12, 2021 4:03pm Aug 12, 2021 4:03pm
Quoting mashfx
{quote} think of it's a floating investment I'm sure u will get out @BE or better
Well, if I can get out at BE, I'll be glad
  • #616,225
  • Aug 12, 2021 4:06pm Aug 12, 2021 4:06pm
Quoting Moty
let's go mf , back to 1.38600 {image} {image}
Has it started yet? I don't want to look at my charts for now but I have an expectation of good
  • #616,226
  • Aug 12, 2021 4:13pm Aug 12, 2021 4:13pm
Quoting kenny4real
{quote} Well, if I can get out at BE, I'll be glad
I'm sure u will trade out of a paper bag
who dares wins
mashFX DSRII Return This Year: na
  • #616,227
  • Aug 12, 2021 4:25pm Aug 12, 2021 4:25pm
I understand how to check the market Liquidity Levels; where there is plenty of money for the retail traders, but because I'm not patient; It is difficult for me to trade these levels, although with time I'll understand it better.

Liquidity Levels
1.38833
1.38225
1.37600


Price has broken the 1.38225... we wait for retest and get in.. TP is at the next level 1.37600.
Sometimes Prices can behave very funny... It can go back and retest 1.38833 again and again... Yesterday i took a loss after prices broke 1.38225 I thought it'll retest it and go all the way down to 1.37600 but it stopped me out and I lost 4%

Always keep your stops tight and whenever you have an opportunity just load it up..
Attached Image (click to enlarge)
Click to Enlarge Name: 376001.png Size: 15 KB
My telegram: https://t.me/avidforex
  • #616,228
  • Aug 12, 2021 4:29pm Aug 12, 2021 4:29pm
Quoting mashfx
{quote} wait a minute, u need a job? u claimed u were a big shot belongs to 10% or something yet u can't make a living?
I am only 20 years old. I have not much capital but i have a successful and consistent strategy. That's what makes me "a big shot" because 95% of retails are losing. So yeah i am in 5-10% in terms of success but like i said i don't have enough capital to make a living from it yet. That time will come though i just need to keep doing what i am doing for the next 5-6 years.

P.s You can judge me if you were making six figures in my age.
You have to have an IQ higher than 90 to interact with this user.
  • #616,229
  • Aug 12, 2021 4:31pm Aug 12, 2021 4:31pm
Quoting mysterio
{quote} Yeah- they will still hire forex traders. But their job would be something like- they have Apple as a client. They need to buy 10mil Japanese Yen with US dollars for a project in Japan. The traders job would be to build the position and get the best execution for the client. They won't be trading investment ideas anymore- although i'm sure they did 20 years ago.
Thank you Mysterio! This talk was indeed helpful, wish you all the best!
You have to have an IQ higher than 90 to interact with this user.
  • #616,230
  • Aug 12, 2021 4:34pm Aug 12, 2021 4:34pm
Attachment gMY VIEW IS THIS; THE MARKET HAVE BEEN ON DOWN TREND SINCE THE WEEK EXPECT YESTERDAY PULL BACK DUE TO CPI( I'M NOT A FUNDAMENTALIST THOUGH) AND IF USD CAN RETRACE THE PULL BACK OF YESTERDAY TODAY, IS MEANS USD HAVE STRENGTH, BUT WITH STRONG SUPPORT AT 1.3800-1.3765, I THINK THE MARKET MAY HEAD BULL BUT BY NEXT WEEK. THEREFORE I DON'T MUCH WILL HAPPEN TOMORROW BECAUSE SHOULD THE TREND STILL HEAD DOWN BREAKING THE SUPPORT AT 1.3765 IS RARE TO ME ELSE THEIR IS A FUNDAMENTAL TO PRESSURE IT.

Attachment gIN 4HR CHART 200SMA IS AT ROUND 1.3765 A LITTLE BELOW 61.8 FIB.Attachment gIN 1D CHART THERE IS STILL A SUPPORT AT ROUND 1.3765.

SO LET KEEP OUR FINGERS CROSS.
SELF|PATIENCE
  • #616,231
  • Aug 12, 2021 4:40pm Aug 12, 2021 4:40pm
Quoting Nordling00
{quote} I am only 20 years old. I have not much capital but i have a successful and consistent strategy. That's what makes me "a big shot" because 95% of retails are losing. So yeah i am in 5-10% in terms of success but like i said i don't have enough capital to make a living from it yet. That time will come though i just need to keep doing what i am doing for the next 5-6 years. P.s You can judge me if you were making six figures in my age.
good, so act like u are only 20 years old "struggling artist". don't pretend to be know-it-all guru. thank you
who dares wins
mashFX DSRII Return This Year: na
  • #616,232
  • Aug 12, 2021 4:43pm Aug 12, 2021 4:43pm
Quoting mashfx
{quote} good, so act like u are only 20 years old "struggling artist". don't pretend to be know-it-all guru. thank you
Me lacking capital doesn't mean i lack knowledge. So i am not gonna ask for permission when i am talking. You are welcome.
You have to have an IQ higher than 90 to interact with this user.
  • #616,233
  • Aug 12, 2021 4:47pm Aug 12, 2021 4:47pm
Quoting Moty
let's go mf , back to 1.38600 {image} {image}
Hello Moty,

I'm looking through your chart and I can clearly see OPEN TRADES WITHOUT STOPS! ARE YOU RELATED TO JEFF BEZOS OR ELON MUSK! SORRY JUST JOKING...
You have to study risk management so you don't blow up your account...
Prices may retest 1.38225 and continue all the way down... If this happens what are you going to do ?

In the past, I used to adjust my stops until I realize that 'We can't learn if we don't fail...
My telegram: https://t.me/avidforex
  • #616,234
  • Aug 12, 2021 4:48pm Aug 12, 2021 4:48pm
Quoting mysterio
{quote} It can just be hunting liquidity below the last low-- still in an H4 demand zone so I'm keeping the bull dream alive, we'll know tomorrow.
You in any trades?
  • #616,235
  • Aug 12, 2021 4:49pm Aug 12, 2021 4:49pm
Quoting Nordling00
{quote} Me lacking capital doesn't mean i lack knowledge. So i am not gonna ask for permission when i am talking. You are welcome.
well, then u are just empty talk who can't grow small acct
who dares wins
mashFX DSRII Return This Year: na
  • #616,236
  • Aug 12, 2021 4:50pm Aug 12, 2021 4:50pm
Quoting kenny4real
{quote} Well, if I can get out at BE, I'll be glad
What's your entry
  • #616,237
  • Aug 12, 2021 4:51pm Aug 12, 2021 4:51pm
Quoting mashfx
{quote} well, then u are just empty talk who can't grow small acct
I am growing my account slowly and steadily. I have to manage my risk right. No need to over-leverage my account.
You have to have an IQ higher than 90 to interact with this user.
  • #616,238
  • Aug 12, 2021 4:53pm Aug 12, 2021 4:53pm
Quoting Nordling00
{quote} I am growing my account slowly and steadily. I have to manage my risk right. No need to over-leverage my account.
define slowly/steadily? 20%/year?
who dares wins
mashFX DSRII Return This Year: na
  • #616,239
  • Aug 12, 2021 4:55pm Aug 12, 2021 4:55pm
Quoting mashfx
{quote} define slowly/steadily? 20%/year?
Around 80-100% per year is ideal for me. If i lower that my account will not grow, if i go over that i won't be comfortable with the risk that i am taking.
You have to have an IQ higher than 90 to interact with this user.
  • #616,240
  • Aug 12, 2021 4:55pm Aug 12, 2021 4:55pm
Quoting BigNumbers
{quote} Hello Moty, I'm looking through your chart and I can clearly see OPEN TRADES WITHOUT STOPS! ARE YOU RELATED TO JEFF BEZOS OR ELON MUSK! SORRY JUST JOKING... You have to study risk management so you don't blow up your account... Prices may retest 1.38225 and continue all the way down... If this happens what are you going to do ? In the past, I used to adjust my stops until I realize that 'We can't learn if we don't fail...
And what if it hits 1.382 and beyond?
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