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Cable Update (GBPUSD)

  • #635,441
  • Nov 2, 2021 10:41pm Nov 2, 2021 10:41pm
Quoting Moty
{image}{image}
i sent a pm to you
Intraday only.
  • #635,442
  • Nov 2, 2021 11:06pm Nov 2, 2021 11:06pm
Quoting kris89
{quote} Sell 1.37210 early asian
Sell more @1.37300 no tp no sl
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #635,443
  • Nov 2, 2021 11:10pm Nov 2, 2021 11:10pm
Quoting Pat Chiko
{quote} GU First Target zone. Closed the upper position first with least profit. To move stop closer to bottom price with ATR 1.5X. Add position on pull back to M30 demand zone. This way, the bottom can run with tighter stop and in case price fly, it will give a bit extra profit. It is all trade strategy. You may have different, but this is how I manage the open trade by breaking it into several pieces to manage. {image}
GU
Update on scalping position

Few position under water with max drawdown around -15 pips

To take out some position out by LO

Will some position in on pull back


Daily TF - Addding positon based on QM set up

Attached Image (click to enlarge)
Click to Enlarge Name: gu 127.jpg Size: 106 KB


H1 TF - Open position - Under/Above Water

Attached Image (click to enlarge)
Click to Enlarge Name: gu 128.jpg Size: 92 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,444
  • Nov 2, 2021 11:13pm Nov 2, 2021 11:13pm
Quoting iqyu5an
{quote} hours before the fed : less volatility cable enters possible panic buying area #StillNoClearDemand
is M15 pattern count as batty ?
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #635,445
  • Nov 2, 2021 11:29pm Nov 2, 2021 11:29pm
Quoting kris89
{quote} is M15 pattern count as batty ?
I see this
Attached Image (click to enlarge)
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not euphoria follower
  • #635,446
  • Nov 2, 2021 11:35pm Nov 2, 2021 11:35pm
Shorting cable
  • #635,447
  • Nov 2, 2021 11:55pm Nov 2, 2021 11:55pm
Quoting iqyu5an
{quote} I see this {image}
Attached Image (click to enlarge)
Click to Enlarge Name: meme.jpg Size: 56 KB
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #635,448
  • Nov 3, 2021 12:02am Nov 3, 2021 12:02am
Quoting Pat Chiko
{quote} GU Update on scalping position Few position under water with max drawdown around -15 pips To take out some position out by LO Will some position in on pull back Daily TF - Addding positon based on QM set up {image} H1 TF - Open position - Under/Above Water {image}

The Undercapitalization Myth

Many traders that they would trade successfully if they had a bigger account.
People destroy their accounts either by a string of losses or a single abysmally bad trade.

Often, after the loser is sold out, unable to meet a margin call, the market reverses and moves in the direction he expected.
He starts fuming: had he survived another week, he would have made a fortune instead of losing!

Such trader look at market reversals that come too late and think that those turns confirm their methods.
That's when the fantasy is born: " If only I had a bigger account, I could have stayed in the market longer and won."

Any losing trader is not undercapitalized, his mind is underdeveloped.
A loser can destroy a big account almost as quickly as a small one.

A loser's true problem is not account size but overtrading and sloppy money management. He takes risks that are too big for his account size, however small or big.

No matter how good his system may be, a streak of bad trades is sure to put him out of business.

Amateurs neither expect to lose nor are prepared to manage losing trades.
Calling themselves undercapitalized is a cop-out that helps them avoid two painful truths:
their lack of a realistic money management plan and lack of discipline.

A trader who wants to survive and prosper must control losses.
You do that by risking only a tiny fraction of your equity on any single trade (Risk Management).

Learn from cheap mistakes in a small account.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,449
  • Nov 3, 2021 12:27am Nov 3, 2021 12:27am
Quoting Pat Chiko
{quote} GU Update on scalping position Few position under water with max drawdown around -15 pips To take out some position out by LO Will some position in on pull back Daily TF - Addding positon based on QM set up {image} H1 TF - Open position - Under/Above Water {image}
What were the entries around 3642 based on? SNR? If SNR, I don't see it. Cheers!

Edit: I remember something about a "kink".
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #635,450
  • Nov 3, 2021 12:31am Nov 3, 2021 12:31am
Quoting Pat Chiko
A trader who wants to survive and prosper must control losses. You do that by risking only a tiny fraction of your equity on any single trade (Risk Management). Learn from cheap mistakes in a small account.
When you post charts, you usually have multiple entries. Is each entry a "trade" or is the entire batch the "trade"?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #635,451
  • Nov 3, 2021 12:32am Nov 3, 2021 12:32am
GBPUSD Analysis for Wednesday November 3, 2021

Today is the day where an exorbitant number of News/Reports will hit the forex market. It is extremely difficult to determine how the GBPUSD will react.

BEST STAND ON THE SIDE and "TRADE WHAT YOU SEE"
Attached Image (click to enlarge)
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  • #635,452
  • Nov 3, 2021 12:35am Nov 3, 2021 12:35am
DXY and GBPUSD trade setup

Trade safe, stay green
Attached Image(s) (click to enlarge)
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  • #635,453
  • Nov 3, 2021 12:45am Nov 3, 2021 12:45am
Quoting duve
{quote} You must have seen my analysis...
Hi duve, no sorry, but sounds like we are thinking the same
Compulsions can be hard to resist
  • #635,454
  • Nov 3, 2021 12:53am Nov 3, 2021 12:53am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
The sellers have been happy for the last two days

Like me..
I remember somthing fti's says.

Buyer make money seller make money pigs get slaughter
  • #635,455
  • Nov 3, 2021 1:03am Nov 3, 2021 1:03am
Quoting TooSlow
{quote} What were the entries around 3642 based on? SNR? If SNR, I don't see it. Cheers! Edit: I remember something about a "kink".

Yes.

It was "kink" entry.

SNR was on H4 TF.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,456
  • Nov 3, 2021 1:12am Nov 3, 2021 1:12am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 43 KB
yes yes yes
  • #635,457
  • Nov 3, 2021 1:14am Nov 3, 2021 1:14am
Quoting TooSlow
{quote} When you post charts, you usually have multiple entries. Is each entry a "trade" or is the entire batch the "trade"?
Entire batch is as single trade divided to few position

Divided into 20 position , various sizes.

Input to Algo to take the subsequent entry , after had initial entry by human.

The Algo will also does Trade Management using the following mathematical formula :


E = [1 + (W / L)] x P - 1
Where
E = expectation
W = average winning amount for all winning trades
L = average losing amount for all losing trades
P = probability of winning, same as percent of winning trades

and insert the current ATR to complete the Trade Management Algo.

Current trade GU, with some closing trade in action.

Few closed position, some are still running, with SL now moved to new price ( capital preservation)


PAT

Attached Image (click to enlarge)
Click to Enlarge Name: gu 129.jpg Size: 97 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,458
  • Nov 3, 2021 1:16am Nov 3, 2021 1:16am
Quoting Pat Chiko
{quote} GU Update on scalping position Few position under water with max drawdown around -15 pips To take out some position out by LO Will some position in on pull back Daily TF - Addding positon based on QM set up {image} H1 TF - Open position - Under/Above Water {image}
Hi Pat,

I have learnt so much from the knowledge you share. I’m pretty new to Forex and have found your posts so helpful. Thank you!
  • #635,459
  • Nov 3, 2021 1:21am Nov 3, 2021 1:21am
Today's trade idea.

Buy the dips.
Intraday only.
  • #635,460
  • Nov 3, 2021 1:26am Nov 3, 2021 1:26am
Quoting Doddycross
{quote} Hi Pat, I have learnt so much from the knowledge you share. I’m pretty new to Forex and have found your posts so helpful. Thank you!
Hi Doddy Cross.

I'm glad be able to assist others with my post.

Just to remind myself and others, the single most important things in trading is Trade Management ( managing the trade after the entries regardless she's Under Water or Above Water).

To make serious money in this environment, traders must manage their money.
Unless sheer luck intervenes, no one will make a fortune in leveraged markets without proper money management strategy.

Advanced money management is not for the faint of heart. crack open a Ralph Vince or Fred Gehm book and you will see what i mean.

At the same time, money management is the most simple aspect of trading.
To this day i still trade a plain jane %R model (risking x% on each trade). the real artwork comes from knowing how much your %R is for each system, and making sure your systems are not correlated.

So far, this is the most comprehensive, useful, and truly interesting material on money management (usually a dull topic, preferable to counting sheep) that I have found.

This book is not about how to make winning trades.
It focuses on how to win more and keep more of your winnings--long-term net profit!

P/S I'm not authorised to attach the book here.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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