Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} OK Cool. I'm not breaking any law here ? Am I ? Times Changes ; 15 years ago GBP/USD move 150-200 pips /day. Day traders/Swing easy money. Last few years, market chance, a lot, small swing and chance direction are madness to swing. We have to adapt to market, as long I'm not breaking any law. You will find it's very interesting to Scalp using H4 or Daily TF Chart. Give it a try. One things for sure, low risk and easy to identify set up compares to LTF as, it is less noisy. Regards PAT

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Quoting Pat Chiko

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{quote} Hi Genadi , very good question & hard to answer. But I try, bit long hope to simplify it further if I got time to find a better phrase to it. So I'll give a quick example of how this works. Suppose every timeframe from 1 Minute to 1 Month is going up at the same time. That could be some sort of random event with no significance at all, or it could be caused by an underlying trend. If it's just a random event, you have about the same probability of winning a reasonable trade as losing it, ignoring the negative expectancy imposed upon your...

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Quoting hasib

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{quote} Fun is good but if you lose money your fun will end quicker than you expect. My humble advise is use stop loss when you trade. Best of luck

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Quoting Waveskierrob

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{quote} Hope you don't mine Pat I would like to answer "If you owned a bookshop would you stock a million of the same book or would you stock ten and see how they sold then stock more if you sell out" more or less the same with trading

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Quoting maziarb

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Good rejection. {image}

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Quoting genadi

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{quote} can you take any chart and show what do you call a trend?

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Quoting Waveskierrob

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{quote} Maybe I'm not here .................yes I am

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Quoting Pat Chiko

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{quote} Hard for me to write on the trade process. I posted almost everyday, ever since Sang Real was detained under lock with FF. You can read my post and from my chart ,set up entries, exit, any traders can figure out how my trades works. Most of the time I only use Support & Resistnace only. Hope, you enjoy reading my post and Sang Real post. PAT

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Quoting Pat Chiko

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{quote} First entry is always a test to my set up. Getting the feel how the trade going to be. First of all, if the first trade goes against me right after entry, I have to consider that I may have picked a bad spot to enter. I mean, that's kind of obvious if it didn't go in our favor right away, right? We never let a small bad decision turn into a big bad decision. I'll exit with a small loss and try again later or on another day. If I try twice to get a trade on and fail both times, it's obvious something isn't working and I'll move to another...

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Quoting Techanalyst

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{quote} {image}{image}

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Quoting Pat Chiko

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{quote} I prefer if you give a better example, like drinking beer, Start with first bottle, then if it's okey, you go to the next. If the first one you drop, then you don't need any more. It's open now. You're coming or not ? {image}

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Quoting Waveskierrob

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{quote} Yes got a hate mail

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Quoting kerndc

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{quote} Thank you for your reply it makes good sense. i see you sold +-8lots within 3 seconds at 14:09:13 to 14:09:15. That action you took says you had GREAT confidence at that time in your choosen direction. and you bagged +-25 points. excellent. i like your approach but i fear it is risky too if your timing is say not so perfect. maybe you can speak about your money management. how much do you risk per trade and how is leverage managed.

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Quoting Waveskierrob

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{quote} ...and another one , need to catch up Pat you're losing it

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Quoting mashfx

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I position trade on m1 charts

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Quoting Pat Chiko

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{quote} Hell man, how di you managed to get more dislikes ( thumb down) more than me ?. I notice that, I'm getting less thumb down this week. Shoot. You're pinching my haters ???? Very unethical. PAT

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Quoting mashfx

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I position trade on m1 charts

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Quoting Waveskierrob

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{quote} ..and your TE shows that , you scalpinvestor

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