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Cable Update (GBPUSD)

  • #618,281
  • Aug 20, 2021 2:18am Aug 20, 2021 2:18am
dix trying very hard to get through previous daily high 9358, will require big effort, if so could pop nicely
If you are new to Forex? Say Goodbye to your account!!
  • #618,282
  • Aug 20, 2021 2:18am Aug 20, 2021 2:18am
General question to you all here:

Does the small lots like 0.01 or 0.1 work well for intraday? Is it worth the time we spend with small lots?

I ask this question because, when I got bigger lots hitting SL is a big loser. I have tried then small lots and found the losses are less, but the gains were very little amounts not worth the time time.

Can you please share you experience on how to balance this?

Thanks
  • #618,283
  • Aug 20, 2021 2:23am Aug 20, 2021 2:23am
Quoting fxmasterdxb
Best buying area tomorrow is 1.3670-1.3630
Eagerly waiting for my buy area
  • #618,284
  • Aug 20, 2021 2:24am Aug 20, 2021 2:24am
Quoting IBabyTrader
General question to you all here: Does the small lots like 0.01 or 0.1 work well for intraday? Is it worth the time we spend with small lots? I ask this question because, when I got bigger lots hitting SL is a big loser. I have tried then small lots and found the losses are less, but the gains were very little amounts not worth the time time. Can you please share you experience on how to balance this? Thanks
start with 0.01,
when successful try 0.02,
then 0.03

this will add up your account fast, if you are a constant trader.

everybody has to learn first in a small swimmingpool, before he enters the sea and swim with the sharks;-)
trading is like dancing, don't think and just listen to the music!
  • #618,285
  • Aug 20, 2021 2:24am Aug 20, 2021 2:24am
Quoting fxmasterdxb
{quote} Eagerly waiting for my buy area
Its better to be patient than sorry
  • #618,286
  • Aug 20, 2021 2:25am Aug 20, 2021 2:25am
Quoting KiwiTrada
dix trying very hard to get through previous daily high 9358, will require big effort, if so could pop nicely
ucad also trying to take out 1 2900 psych been a massive bull drive into 5th day almost vertical, extension or rejection is the $64 million ?
If you are new to Forex? Say Goodbye to your account!!
  • #618,287
  • Aug 20, 2021 2:25am Aug 20, 2021 2:25am
Come on bulls. LOL! We are in a heavy demand zone. Push up!

I love friendly competition I changed my hourly position to a daily one as follows...
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  • #618,288
  • Aug 20, 2021 2:30am Aug 20, 2021 2:30am
Quoting fxmasterdxb
{quote} Eagerly waiting for my buy area
This is supposed to be 1.3570 to 1.3530
  • #618,289
  • Aug 20, 2021 2:32am Aug 20, 2021 2:32am
Quoting jpdlegault
.... We are in a heavy demand zone. ....
Just to be clear, because the distinction is important,- we are actually in a previous potential 'heavy demand zone' as you have described it, on 4hr/dly/wkly (currently in the dly/wkly part of that zone.) Ie just because there was demand there in the past doesn't mean demand will emerge there now. It is a 'potential' demand zone, that is all. It may emerge - it may not.

----------------------------

4hr below.
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Trader with an Edge.
  • #618,290
  • Aug 20, 2021 2:42am Aug 20, 2021 2:42am
Eurusd trend is downwards
  • #618,291
  • Aug 20, 2021 2:43am Aug 20, 2021 2:43am
Morning all folks, another Friday to have keep us occupied. Not sure about bounce back area anymore 136 was what I had as the last area that it could. So far I have seen nothing to warrant anything else maybe a slight drop below (collateral damage). On the 4H I can’t see a rise to 140 anymore , although 13750 wouldn’t be too bad for next week to start from. So my limited knowledge bias for today is a risky bullish till 137
Insane in the Brain..
  • #618,292
  • Aug 20, 2021 2:44am Aug 20, 2021 2:44am
Quoting birdland
{quote} start with 0.01, when successful try 0.02, then 0.03 this will add up your account fast, if you are a constant trader. everybody has to learn first in a small swimmingpool, before he enters the sea and swim with the sharks;-)
Start with 0.02 and learn how to many trades, taking half off and having different targets. a 0.01 lot is bad even for a beginner.
  • #618,293
  • Aug 20, 2021 2:45am Aug 20, 2021 2:45am
Same position on the weekly and this time PA is at the levels of both ema50 and sma50, right in a very strong demand zone
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  • #618,294
  • Aug 20, 2021 2:55am Aug 20, 2021 2:55am
Quoting BeeTogether
Morning all folks, another Friday to have keep us occupied. Not sure about bounce back area anymore 136 was what I had as the last area that it could. So far I have seen nothing to warrant anything else maybe a slight drop below (collateral damage). On the 4H I can’t see a rise to 140 anymore , although 13750 wouldn’t be too bad for next week to start from. So my limited knowledge bias for today is a risky bullish till 137
Further drop to 1.3560 buddy and then turning to 1.37 by next week
  • #618,295
  • Aug 20, 2021 2:58am Aug 20, 2021 2:58am
Quoting fxmasterdxb
{quote} Further drop to 1.3560 buddy and then turning to 1.37 by next week
dropping below 136 has scared me the most for some reason as then we are in trapdoor area where 132 is ready marking the move one big downward spiral
Insane in the Brain..
  • #618,296
  • Edited 3:24am Aug 20, 2021 3:03am | Edited 3:24am
Quoting mysterio
GU coming up to zone where I will buy tomorrow depending on m5 PA Wait for Frankie stop hunts first {image}
Morning, Freitag scalping, early down move is to find liquidity I think https://www.forexfactory.com/thread/...8#post13675418

Maybe wrong who knows its forex

Targets not sure yet, 1.3650 and DPP ? Watch out it's Friday. If it breaks down I get out
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  • #618,297
  • Aug 20, 2021 3:08am Aug 20, 2021 3:08am
Quoting BeeTogether
{quote} dropping below 136 has scared me the most for some reason as then we are in trapdoor area where 132 is ready marking the move one big downward spiral
I tend to agree with your assessment of this zone down to 3566 being a potential trapdoor. When you look at the mthly, there were 2 attempts on the prev sw hi zone to 4376, first @ 4242 then 4249, so that is potentially bearish longer term? mthly below.
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Trader with an Edge.
  • #618,298
  • Aug 20, 2021 3:09am Aug 20, 2021 3:09am
Quoting birdland
{quote} start with 0.01, when successful try 0.02, then 0.03 this will add up your account fast, if you are a constant trader. everybody has to learn first in a small swimmingpool, before he enters the sea and swim with the sharks;-)
Thanks buddy, this makes real sense. Will start with 0.01 and go up
  • #618,299
  • Aug 20, 2021 3:16am Aug 20, 2021 3:16am
Quoting MTF Test
{quote} What if - the trend has temporarily changed it's bias to bullish ???? Good Morning moty
so i will lose 3 $
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yes yes yes
  • #618,300
  • Aug 20, 2021 3:27am Aug 20, 2021 3:27am
Quoting Moty
{quote} so i will lose 3 $ {image}
i admire you sir , you never give up,, regards
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