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Cable Update (GBPUSD)

  • #643,041
  • Dec 4, 2021 2:31am Dec 4, 2021 2:31am
Quoting MezieOzioko
{image}
Trading without stop loss will kill your acc every time. 100%
  • #643,042
  • Dec 4, 2021 2:47am Dec 4, 2021 2:47am
Quoting MezieOzioko
{image}
GA were clear buys brother. No worries get at it again and work on chart time more. Pain is best to learning lesson for a trader
  • #643,043
  • Dec 4, 2021 2:48am Dec 4, 2021 2:48am
Quoting Pat Chiko
{quote} GU Trading on spikes, but watch the set up. QM set up played well during NFP. The spike is just a liquidity grab, with QM as the set up, wit BOS in placed. Double QM on the chart. {image}
PAT still I am learning your terminologies.
What is QM?
  • #643,044
  • Dec 4, 2021 2:58am Dec 4, 2021 2:58am
Quoting emuszy
{quote} So sorry bout your loss bro, this is coming from your fellow Nigerian brother ...that money go pain you die, I know what it feels like, but bro don't you think your lot size is too big for your account size ? Plus that pair is very very volatile...I'm not insinuating anything but we need to treat this as a business ....forex trading is capital preservation first before anything! In any event,I pray you bounce back much stronger
Forex Trading is capital preservation, first, before anything... I agree with you Sir.
Price action, my best indicator.
  • #643,045
  • Dec 4, 2021 3:08am Dec 4, 2021 3:08am
Quoting Piparins
{quote} Trading without stop loss will kill your acc every time. 100%
'
who told you that?


its not true if u can manage ur trade manually.
MY OPINION NOT FINANCIAL ADVISE
  • #643,046
  • Dec 4, 2021 3:12am Dec 4, 2021 3:12am
Quoting Piparins
{quote} Trading without stop loss will kill your acc every time. 100%
Do you know this for sure or have you just read it somewhere?
  • #643,047
  • Dec 4, 2021 3:24am Dec 4, 2021 3:24am
Quoting donfriday
{quote} if u follow the trend of this red arrows ur account will be empty by now. always find the best place to lower ur risk {image}
of course, but in these situations you will be stopped out and move on to the next trades.

the probability in a trend are higher when you follow a trend instead of trying to find the turning point.
trading is like dancing, don't think and just listen to the music!
  • #643,048
  • Dec 4, 2021 3:30am Dec 4, 2021 3:30am
Quoting birdland
{quote} of course, but in these situations you will be stopped out and move on to the next trades. the probability in a trend are higher when you follow a trend instead of trying to find the turning point.


conclusion u never know which trend will favor u except if u always work with ur historical levels
MY OPINION NOT FINANCIAL ADVISE
  • #643,049
  • Dec 4, 2021 3:36am Dec 4, 2021 3:36am
Quoting donfriday
{quote} conclusion u never know which trend will favor u except if u always work with ur historical levels
thats why i stated
I know that you and I know nothing;-)
trading is like dancing, don't think and just listen to the music!
  • #643,050
  • Dec 4, 2021 3:59am Dec 4, 2021 3:59am
Quoting birdland
{quote} of course, but in these situations you will be stopped out and move on to the next trades. the probability in a trend are higher when you follow a trend instead of trying to find the turning point.
the trend channel can answer the question, bounce back or not.
only consider a channel with a larger time frame.
  • #643,051
  • Dec 4, 2021 6:10am Dec 4, 2021 6:10am
Quoting MezieOzioko
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.rDaily.png Size: 60 KB
trade what you see, not what others say
donīt follow me,you will loose your moneyy
  • #643,052
  • Dec 4, 2021 6:29am Dec 4, 2021 6:29am
Quoting teatime
{quote} {image}trade what you see, not what others say
Nice chart, look like a decision point on daily.. worth a short.
Attached Image (click to enlarge)
Click to Enlarge Name: 14962736-7FC0-4F7B-B439-8E2363F12DE0.png Size: 325 KB
  • #643,053
  • Dec 4, 2021 6:36am Dec 4, 2021 6:36am
Quoting gatenio
{quote} Nice chart, look like a decision point on daily.. worth a short.
if R / S is used, yes.
but DELTA is too small for me and that's suspicious.
  • #643,054
  • Dec 4, 2021 6:39am Dec 4, 2021 6:39am
Quoting tiborf71
{quote} if R / S is used, yes. but DELTA is too small for me and that's suspicious.
correctly.
S / R.
I'm sorry.
  • #643,055
  • Dec 4, 2021 6:40am Dec 4, 2021 6:40am
Quoting MezieOzioko
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.rDaily.png Size: 63 KB
For a trade it is better to wait for a confirmation first and dont forget the stop loss, better take -50 than blow your account,
best regards
donīt follow me,you will loose your moneyy
  • #643,056
  • Dec 4, 2021 7:08am Dec 4, 2021 7:08am
Quoting TrickorTrade
{quote} You have big balls my friend
PAT stands for Price Action Trader.

No doubt he knows market moves inside out, he is so good, he can even trade when he is a sleep.
I should follow he's trades, then I can say at least I've tried.

Attached Image
  • #643,057
  • Dec 4, 2021 7:13am Dec 4, 2021 7:13am
Quoting tiborf71
{quote} if R / S is used, yes. but DELTA is too small for me and that's suspicious.
I will look for short setup on 30/1h on monday. (Positive swap on short)
right now look like a golden setup on daily/4h


Never traded this pair, usually im trading only majors. Need to give cross majors a chance.
  • #643,058
  • Dec 4, 2021 7:28am Dec 4, 2021 7:28am
Quoting Jolita
{quote} PAT stands for Price Action Trader. No doubt he knows market moves inside out, he is so good, he can even trade when he is a sleep. I should follow he's trades, then I can say at least I've tried. {image}
The best thing in the word is to put a trade and go to sleep, this is how you avoid Fomo and exit soon of a trade.
As an intraday trader i suffer from the FOMO a lot..
still working on it.
  • #643,059
  • Dec 4, 2021 7:42am Dec 4, 2021 7:42am
Quoting TrickorTrade
{quote} PAT still I am learning your terminologies. What is QM?
Thought I would help Pat on this one because I am sure he is tired of posting the same thing over and over again. Save it to your desktop or something.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1402.png Size: 18 KB
Trade to trade another day
  • #643,060
  • Dec 4, 2021 7:48am Dec 4, 2021 7:48am
Quoting gatenio
{quote} The best thing in the word is to put a trade and go to sleep, this is how you avoid Fomo and exit soon of a trade. As an intraday trader i suffer from the FOMO a lot.. still working on it.
That strategy never worked for me intraday on GU

Let's say price approaches a level and price action appears to confirm a trade setup late NY/early Asia. You can almost guarantee London will come for the low or high made to crush the stop losses before continuing back the way it's supposed to. You could almost trade this idea as a stand alone strategy

The FOMO thing..yup it's real. I had to come up with a pretty complex checklist that covers everything, strength of zone, volumes, PA everything and stick to it rigidly

If you stare at the charts and wait for the setup to appear I feel your brain will just progressively want something to appear and after a few hours you'll just want to hop into anything. After taking a win or a loss the emotions are exacerbated. Intraday traders are up against it for sure. Best thing I think is to mark out the levels you want to trade at in advance then go about your day, keep an eye on your phone where things are at, stay occupied on something else then just be around for the high volume session openings

With all that said intraday gives you amazing RR in a very short space of time if you know what you're doing
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