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Cable Update (GBPUSD)

  • #659,021
  • May 14, 2022 9:11am May 14, 2022 9:11am
Quoting Traderview
{quote} Update: {image} {image}
Update:
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  • #659,022
  • May 14, 2022 9:43am May 14, 2022 9:43am
Price of Gbpusd is retracing, however trend remains down. Whale gives levels to look out for for next week. Good luck
  • #659,023
  • May 14, 2022 10:06am May 14, 2022 10:06am
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yes yes yes
  • #659,024
  • Edited 10:29am May 14, 2022 10:11am | Edited 10:29am
Quoting Moty
{quote} It should be noted that twice yesterday I stumbled upon 2 losing positions of $ 10-20 and closed them manually, my dream is that I will put a stop loss once and let it close on its own. You realize I could lose once and a half a whole $ 250 bill and still be at the moment. Yesterday's successful trades can be any day
You are right,
but you know how difficult is it to do what you are aiming for.
i am not trying to tell you to do things differently, i know you are intelligent to figure out things.

in my opinion, after more of a decade of trading that i seek after maximize profits only, i realize that the real deal about trading is to minimize risk.
For me is the only way to surviving this war.
Technically, what is the main problem?you are full margin lets say 0.2 , and after 20-30 pips, you are down 50-60$
If you will close it/SL than next position will be 0.14
and so on.. so to bring back the account to BE its harder mission.
IMO if you will hold 1000$ account and you will handle it in the mindset of 250$ account : max 0.2 total position the odds to survive are higher by 400%
think about it.

Most of the time you are left to yourself one shot, one trade. It impossible to be so accurate with only one shot, even the best sniper in the world miss.
Think about NBA player, you are hooping 50
points for the game, but you
missed the last shot on the buzzer, lost.
50 point are good for stats, but your are without the money.
  • #659,025
  • May 14, 2022 10:33am May 14, 2022 10:33am
Maybe!!!
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There is nothing wrong with being kind & loving to each other
  • #659,026
  • Edited 10:49am May 14, 2022 10:36am | Edited 10:49am
Quoting Whale
{quote} You are right, but you know how difficult is it to do what you are aiming for. i am not trying to tell you to do things differently, i know you are intelligent to figure out things. in my opinion, after more of a decade of trading that i seek after maximize profits only, i realize that the real deal about trading is to minimize risk. For me is the only way to surviving this war. Technically, what is the main problem?you are full margin lets say 0.2 , and after 20-30 pips, you are down 50-60$ If you will close it/SL than next position will...
so I think if there is no good strategy then there is no point in trading.
good RR.
good DD.

the martingale can help, of course, only cleverly.
  • #659,027
  • May 14, 2022 11:26am May 14, 2022 11:26am
Quoting Whale
{quote} You are right, but you know how difficult is it to do what you are aiming for. i am not trying to tell you to do things differently, i know you are intelligent to figure out things. in my opinion, after more of a decade of trading that i seek after maximize profits only, i realize that the real deal about trading is to minimize risk. For me is the only way to surviving this war. Technically, what is the main problem?you are full margin lets say 0.2 , and after 20-30 pips, you are down 50-60$ If you will close it/SL than next position will...
i based those trades on close above or below the bands or the pivot line with 1 to 1.5 w/l ratio
stop loss is placed in the opposite side of the bands
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yes yes yes
  • #659,028
  • May 14, 2022 11:28am May 14, 2022 11:28am
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Attached File(s)
File Type: ex4 PriceActionDetector3.ex4   105 KB | 226 downloads
Attached File(s)
File Type: ex4 threeChannel.ex4   241 KB | 197 downloads
  • #659,029
  • May 14, 2022 11:36am May 14, 2022 11:36am
Quoting Moty
{quote} i based those trades on close above or below the bands or the pivot line with 1 to 1.5 w/l ratio stop loss is placed in the opposite side of the bands {image}
or you can trade the m1 chart with a lot of patient
you will get a lot of little and little loss and also be , but you will catch 3 or 4 big that will make you a lot of pips
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yes yes yes
  • #659,030
  • May 14, 2022 11:40am May 14, 2022 11:40am
We are going to 1.24 level next week?
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  • #659,031
  • May 14, 2022 11:49am May 14, 2022 11:49am
Quoting Whale
{quote} You are right, but you know how difficult is it to do what you are aiming for. i am not IMO if you will hold 1000$ account and you will handle it in the mindset of 250$ account : max 0.2 total position the odds to survive are higher by 400% think about it.
i try that my friend , many times , but i also got in with the all lot , crazy i know
what is the problem with 250 $ in the account ? i have doubled a and tripled it and more of that , 3 times recently .
on Friday i lost what left from my 870 $ that i earned the all week
deposite 287 $ lost then also and deposite 287 $ and from there i came down to 200 $ and from there is history
gain of 428 $ to a total equity of 628 $ that covered the 2 deposites and i have 54 $ more
i can deposite and trade it very fast , 30-60 mins from the actual deposite
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yes yes yes
  • #659,032
  • May 14, 2022 12:07pm May 14, 2022 12:07pm
Quoting BigNumbers
BTCUSD SHORT SL 29327 TP1 28328 TP2 ? lets get busy with this I’m Blessed. Thank you Jesus!

It was a late entry tho, We got hit on this one;
Although I moved my stop to break even, I’m sure you did as well!

See you on Monday.
My telegram: https://t.me/avidforex
  • #659,033
  • May 14, 2022 12:30pm May 14, 2022 12:30pm
Quoting Wilczur
We are going to 1.24 level next week? {image}
Bardzo możliwe, I Hope so
People don't plan to lose. They lose because they don't plan.
  • #659,034
  • May 14, 2022 3:51pm May 14, 2022 3:51pm
Quoting TheWolf
Something to think about. Will wait first for the price to reach the 1. RL at 1.2381. I will go short once it reaches 1.2381 and go short again if the price reaches the 2. RL at 1.2468. Both with TP on 1.2150 and SL at 1.2500. {image}
Source: forexclientsentiment.com
Yet again, just based on this I will be going short. Update for this week:
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  • #659,035
  • May 14, 2022 8:55pm May 14, 2022 8:55pm
Quoting Whale
{quote} You are only mark the winning. What about the losing side? From what i see every time that the market run for 100+ pips you are lost. if it range below 100 you are still find yourself underwater of 50 pips, in fact you mention it all the time.. floating loss and then profit. so yes, i agree, you do not need 1000$ to make 50-100$ maybe you need more than that. and this is alright, the trader that you are trying to be has not yet been born. not because you are not good, who am i to criticize?! the history shows that its impossible! all the...
Welcome to the jungle, everyone is looking for a way out. Cheers
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https://breakpullback.com
  • #659,036
  • May 15, 2022 1:17pm May 15, 2022 1:17pm
Longterm view.

Highly likley Sideways and will be trading between 1.20 - 1.30 range of 1000 pips for the rest of the year 2022.

On a very lonterm view 1.1850 - 1.2250 is the support zone for multi year target of 1.40.
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  • #659,037
  • May 15, 2022 1:17pm May 15, 2022 1:17pm
Quoting bilal1947
{quote} Hi Jolita thanks, i marked these manually, however a free indicator is attached for quick reference. {file}

Good day Bilal, please is it possible to get an mt5 version of this indicator?
  • #659,038
  • May 15, 2022 1:19pm May 15, 2022 1:19pm
this the plan for tomorrow , buy above 1.22600 , sell below
my guess they will go 1.2200 or even for double bottom at 1.21547 then up
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yes yes yes
  • #659,039
  • Edited 10:29pm May 15, 2022 1:56pm | Edited 10:29pm
Quoting Moty
this the plan for tomorrow , buy above 1.22600 , sell below my guess they will go 1.2200 or even for double bottom at 1.21547 then up {image}
Checking smaller tf , limit down for up 2254, for top failure 2248, top limit up for down still intact 2276.will wait for limits down to sell next. Take care
Looks already down, gap down 2240!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #659,040
  • Edited 4:39pm May 15, 2022 2:04pm | Edited 4:39pm
1.27 area is calling.. 500+ pips from the current low is what I see in the interim. Moved my initial tp from 1.245 (though i will watch closely here in the first instance) to 1.27 area. Fingers crossed.
PS: my expectation is valid if 1.231 is broken well as i see that it will cruise past 1.24 this time around
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