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Cable Update (GBPUSD)

  • #617,061
  • Edited 3:50pm Aug 17, 2021 2:59am | Edited 3:50pm
Quoting MohSETH
Hi Guys. Can You help me? Sell me a tip? How can I adapt my mindset to let the profit position run? Right now it looks like when I am on wining side I only manage to keep my position for +20 PIPs. and few hours later I see that I could get much more from this position. On the other side I keep the losing trade much longer.
Same problem.
Please do some research about Bollinger Bands. It is a good indicator for the purpose.
  • #617,062
  • Aug 17, 2021 3:02am Aug 17, 2021 3:02am
Quoting MohSETH
Hi Guys. Can You help me? Sell me a tip? How can I adapt my mindset to let the profit position run? Right now it looks like when I am on wining side I only manage to keep my position for +20 PIPs. and few hours later I see that I could get much more from this position. On the other side I keep the losing trade much longer.
I had this problem and only resolved it recently. Heres a few things that may help.

1. Have trust in your strategy. This is most likely to be built through using the strategy and backtesting.
2. Use multiple positions. Instead of doing 1 position at a time, split your position into two even positions have one where you get out intuitively and the other put the SL to break-even and let it run.
3. Have a concrete exit strategy. This is something I didn't have until recently. Now that my exit strategy is pre-defined it takes away all the worry. I put SL to break even when the trade goes into a profit equal to my stop loss and then I let it run until I see my exit.
4. Walk away from your trades. Place the trade, the SL the TP and then leave your trade, go enjoy your day. This improved my trading massively.

Hope this helps,
Scott
  • #617,063
  • Aug 17, 2021 3:03am Aug 17, 2021 3:03am
Hi folks,

prepared for long.

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God bless everyone!

Quoting LvMMT
Hi folks, prepared for long. {image} God bless everyone!
H4
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The only impartial feeling is love. It is also the only feeling of God.
  • #617,064
  • Aug 17, 2021 3:07am Aug 17, 2021 3:07am
I am curious if there is enough demand below 3800 to finally go towards 4100. I think it is, lets see...
Everyone can see the chart, but only a few can actually read it.
  • #617,065
  • Aug 17, 2021 3:09am Aug 17, 2021 3:09am
Quoting OnlineAddict
I am curious if there is enough demand below 3800 to finally go towards 4100. I think it is, lets see...
one more push my friend, let it get to 1.3770-50 and I will be ready jump in for long and ride it to 1.41 and above!
  • #617,066
  • Aug 17, 2021 3:12am Aug 17, 2021 3:12am
Quoting MohSETH
Hi Guys. Can You help me? Sell me a tip? How can I adapt my mindset to let the profit position run? Right now it looks like when I am on wining side I only manage to keep my position for +20 PIPs. and few hours later I see that I could get much more from this position. On the other side I keep the losing trade much longer.
Write down your SL, and multiple TP points before you enter the position, plan it out the night before if necessary. Actually write it with a pen and paper. Once you're in any kind of logical decision making goes out the window. So write it down before you click buy or sell and stick to your plan/don't impulsively close. If you're wrong your wrong, evaluate at the end of the day/week if your strategy could be tweaked and if you learned any lessons, or if you just got unlucky. Once you see real money going up and down your sympathetic nervous system kicks in and makes it nearly impossible to make logical decisions.
  • #617,067
  • Aug 17, 2021 3:15am Aug 17, 2021 3:15am
GU BUY triggered for me !!
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Fools Rushing
  • #617,068
  • Aug 17, 2021 3:15am Aug 17, 2021 3:15am
Quoting Waveskierrob
{quote} closed 1.3798 + 60 pipas
I remember you copied this entry from me Wave.... You are a fantastic copycat....
Data + Stat + Risk/Emotions Management
  • #617,069
  • Aug 17, 2021 3:16am Aug 17, 2021 3:16am
... it was that prev 1hr/minor 4hr sw hi which then became the prev 1hr minor sw lo that offered the sbr resulting in the 1hr doji, which followed the 5 and 15min bull engulfings and the 30min bullish bodied hammer. Will we see more against 1hr/4hr downtrend buying?

1hr below.
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Trader with an Edge.
  • #617,070
  • Aug 17, 2021 3:19am Aug 17, 2021 3:19am
Quoting fxmasterdxb
{quote} one more push my friend, let it get to 1.3770-50 and I will be ready jump in for long and ride it to 1.41 and above!
Big US news today...so if they are green and we get another push down, might give a better level to enter long.
Everyone can see the chart, but only a few can actually read it.
  • #617,071
  • Aug 17, 2021 3:21am Aug 17, 2021 3:21am
Quoting MTF Test
GU BUY triggered for me !! {image}
same trade.
1.385 is what i looking for by NYO
may look for 1.390X but will see what volatility we will get today.
usually after some low adr market gave back some great vol.
  • #617,072
  • Aug 17, 2021 3:24am Aug 17, 2021 3:24am
Quoting Georginson
{quote} I remember you copied this entry from me Wave.... You are a fantastic copycat....
now tell him to share profits with you lol
Daddy, Brother, Lover, Little Boy
  • #617,073
  • Aug 17, 2021 3:25am Aug 17, 2021 3:25am
Quoting gatenio
{quote} same trade. 1.385 is what i looking for by NYO may look for 1.390X but will see what volatility we will get today. usually after some low adr market gave back some great vol.
Cheers Bro for both of us ! Good to see you man !
Fools Rushing
  • #617,074
  • Aug 17, 2021 3:29am Aug 17, 2021 3:29am
If we get up to h1 supply level I might take some partial there. IF.

Also watch top of the asia range and pivot if they decide to swing it around again. If it gets there ofc
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  • #617,075
  • Aug 17, 2021 3:31am Aug 17, 2021 3:31am
Quoting fxmasterdxb
Took a tiny short @ 1.3804 to SL 1.3818, lets see where it heads, not planning to add further shorts for the time being
Out with -7, PA did find a temporary bottom
  • #617,076
  • Aug 17, 2021 3:34am Aug 17, 2021 3:34am
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yes yes yes
  • #617,077
  • Aug 17, 2021 3:35am Aug 17, 2021 3:35am
Quoting Mr.Burger
{quote} now tell him to share profits with you lol
I will not let Wave rest until he shares profit with me... Good suggestion...

Quoting gatenio
{quote} same trade. 1.385 is what i looking for by NYO may look for 1.390X but will see what volatility we will get today. usually after some low adr market gave back some great vol.
I'm curious to know why you are expecting bulls to recover 1.39 area, this to me is a sell on every rise.
Data + Stat + Risk/Emotions Management
  • #617,078
  • Aug 17, 2021 3:41am Aug 17, 2021 3:41am
Quoting Georginson
{quote} I remember you copied this entry from me Wave.... You are a fantastic copycat....
This one was yours........ "Going with Georgie SELL @ 1.3810 no tp no sl".......just in profit but soon to be a lot in profit hopefully
  • #617,079
  • Aug 17, 2021 3:43am Aug 17, 2021 3:43am
Quoting Georginson
{quote} I will not let Wave rest until he shares profit with me... Good suggestion... {quote} I'm curious to know why you are expecting bulls to recover 1.39 area, this to me is a sell on every rise.
daily chart flow.
all the rest tf’s is just to execute with better prices.
And 1.39 is not the target, i aim much higher.
  • #617,080
  • Aug 17, 2021 3:43am Aug 17, 2021 3:43am
Quoting Pat Chiko
GU Scalping {image}{image}
GU

Closed the warm up scalping trade.

Add new position scalping short.

Price is going to get liwuidity + SL down there before NYO

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