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Cable Update (GBPUSD)

  • #617,561
  • Aug 18, 2021 7:23am Aug 18, 2021 7:23am
Quoting kerndc
My stop loss is 1.45770 . If the USD becomes relatively weak going forward. I will at the right time Hedge the position appropriately on the D1 and W1. these time frames will provide clues in regard to USD relative strength/weakness.
I`ve Hedged the SELL position already actually... because the week of 25 July was very strong and i therefore had no choice but was forced to BUY into that USD weakness... the target is 1.4194 Stop Loss 1.3594...

I was fortunate enough to be able to add to the selling position yesterday morning before the downfall at 1.3840 the target has been reached 1.3740. i have moved stops to break even on half of that.

Today I added more to the sell position with a target of 1.3540 Stop Loss 1.3939*...

summary

Sell target:1 (1.3540) stop (1.3939) target:2 (1.3077) stop: (1.4577)

buy target:1 (1.4194) *hedge*
stop: (1.3594)
Trend_Masters
  • #617,562
  • Aug 18, 2021 7:26am Aug 18, 2021 7:26am
U.S. bonds: Treasury yields rise ahead of Fed meeting minutes https://www.cnbc.com/2021/08/18/us-bonds-treasury-yields-rise-ahead-of-fed-meeting-minutes.html
not euphoria follower
  • #617,563
  • Aug 18, 2021 7:30am Aug 18, 2021 7:30am
Attached Image (click to enlarge)
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yes yes yes
  • #617,564
  • Aug 18, 2021 7:30am Aug 18, 2021 7:30am
Quoting mysterio
{quote} Why is that navk?
In personal account :

1) Small capital.
2) Refusing to take losses, as capital will erode, Psycology factor.
3) Capital loss will lead to loose self confidence.
4) Greed is more...you will not not stop at 1 %...you want to make 10 % in a day.
5) You want tp turn 1k into 100k in 100 days.
6) You deal with the account with lots of greed.

In funded account.

1) Account is big.
2) Making 1% in a 100 k funded account is huge money.
You get 80 % share..800 dollars.
3) If you have 3 or 4 funded accounts, 3k to 4k can be done. So, you limit the exposure in every single account
4) Here..it is skill based.

I wrote few...and did not cover more points.

All my opinion only.
Intraday only.
  • #617,565
  • Aug 18, 2021 7:31am Aug 18, 2021 7:31am
The calm before the storm ..
Data + Stat + Risk/Emotions Management
  • #617,566
  • Aug 18, 2021 7:34am Aug 18, 2021 7:34am
Last time before FOMC there was soo much hype about the wild movement but nothing happened , lets see what today brings
  • #617,567
  • Aug 18, 2021 7:35am Aug 18, 2021 7:35am
I might be the only one, but I believe PA is heading north. I may be wrong. Wouldn't be the first time
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  • #617,568
  • Aug 18, 2021 7:37am Aug 18, 2021 7:37am
Quoting Pat Chiko
{quote} GU Scalping NYO {image}
we cover that sir, -9 pips already stop

--- bearish butterfly on daily pivot
Attached Image (click to enlarge)
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Daddy, Brother, Lover, Little Boy
  • #617,569
  • Aug 18, 2021 7:39am Aug 18, 2021 7:39am
Quoting navk
{quote} In personal account : 1) Small capital. 2) Refusing to take losses, as capital will erode, Psycology factor. 3) Capital loss will lead to loose self confidence. 4) Greed is more...you will not not stop at 1 %...you want to make 10 % in a day. 5) You want tp turn 1k into 100k in 100 days. 6) You deal with the account with lots of greed. In funded account. 1) Account is big. 2) Making 1% in a 100 k funded account is huge money. You get 80 % share..800 dollars. 3) If you have 3 or 4 funded accounts, 3k to 4k can be done. So, you limit the exposure...
Yeah this all makes sense and jives with my experience. Overtrading and greed fastest way to kill an account.
  • #617,570
  • Aug 18, 2021 7:41am Aug 18, 2021 7:41am
Quoting BigNumbers
XAUUSD ANALYSIS {image}

Thank You I have recover all my loses.
  • #617,571
  • Aug 18, 2021 7:42am Aug 18, 2021 7:42am
Black zone key for GU imv
Attached Image (click to enlarge)
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Trading should not be difficult
  • #617,572
  • Aug 18, 2021 7:46am Aug 18, 2021 7:46am
Quoting Mr.Burger
{quote} we cover that sir, -9 pips already stop --- bearish butterfly on daily pivot {image}
I don't think GU is going anywhere at the moment

Waiting for FOMC in 5 hours from now.

Leaving the scalping trade alive while waiting for the news later.

Trade Safely Juan.
Don't drink a lot of Star (Bintang)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,573
  • Aug 18, 2021 7:47am Aug 18, 2021 7:47am
Quoting navk
{quote} In personal account : 1) Small capital. 2) Refusing to take losses, as capital will erode, Psycology factor. 3) Capital loss will lead to loose self confidence. 4) Greed is more...you will not not stop at 1 %...you want to make 10 % in a day. 5) You want tp turn 1k into 100k in 100 days. 6) You deal with the account with lots of greed. In funded account. 1) Account is big. 2) Making 1% in a 100 k funded account is huge money. You get 80 % share..800 dollars. 3) If you have 3 or 4 funded accounts, 3k to 4k can be done. So, you limit the exposure...

Yes.........
You are very correct......
I believe you have been there.......
The parameter they gave on drawdown, profit target, leverage, maximum/minimum lot size etc limits our greed allowing one to trade in a comfort zone
Enjoy your trading.........
  • #617,574
  • Aug 18, 2021 7:49am Aug 18, 2021 7:49am
Quoting Pat Chiko
{quote} I don't think GU is going anywhere at the moment Waiting for FOMC in 5 hours from now. Leaving the scalping trade alive while waiting for the news later. Trade Safely Juan. Don't drink a lot of Star (Bintang)
ahaa you know bintang, here like mineral water lol
Daddy, Brother, Lover, Little Boy
  • #617,575
  • Aug 18, 2021 7:51am Aug 18, 2021 7:51am
Quoting AlfieSolomon
Last time before FOMC there was soo much hype about the wild movement but nothing happened , lets see what today brings

you never can tell

fomc is very volatile if the statement is heavily good or bad most traders lose money if proper MM is not set
MY OPINION NOT FINANCIAL ADVISE
  • #617,576
  • Aug 18, 2021 7:52am Aug 18, 2021 7:52am
Quoting Pat Chiko
{quote} I don't think GU is going anywhere at the moment Waiting for FOMC in 5 hours from now. Leaving the scalping trade alive while waiting for the news later. Trade Safely Juan. Don't drink a lot of Star (Bintang)
its mean you close your trade,,therefore price go up,,
  • #617,577
  • Aug 18, 2021 7:52am Aug 18, 2021 7:52am
Quoting Mr.Burger
{quote} ahaa you know bintang, here like mineral water lol
if bintang like mineral water what is arak bro
  • #617,578
  • Aug 18, 2021 7:53am Aug 18, 2021 7:53am
Quoting navk
{quote} In personal account : 1) Small capital. 2) Refusing to take losses, as capital will erode, Psycology factor. 3) Capital loss will lead to loose self confidence. 4) Greed is more...you will not not stop at 1 %...you want to make 10 % in a day. 5) You want tp turn 1k into 100k in 100 days. 6) You deal with the account with lots of greed. In funded account. 1) Account is big. 2) Making 1% in a 100 k funded account is huge money. You get 80 % share..800 dollars. 3) If you have 3 or 4 funded accounts, 3k to 4k can be done. So, you limit the exposure...
true mindset is key.

can also be scared to take losses with the firms funds also resulting in failure and psychological traumas too

just my observation
Trend_Masters
  • #617,579
  • Aug 18, 2021 7:55am Aug 18, 2021 7:55am
SOLD @ 1.3764 no tp no sl
  • #617,580
  • Aug 18, 2021 7:56am Aug 18, 2021 7:56am
Pls can some tell me how to like a post......
I have been trying but I keep seen thumb down which I think means dislike.......
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