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Cable Update (GBPUSD)

  • #668,701
  • Jul 11, 2022 3:17pm Jul 11, 2022 3:17pm
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This account is real and is standard account. These trades have been opened for 1 month and haven't recovered. I think not many people traded GBPUSD and since I have such big lots (total 0.49 lots), when I don't sell, the gbpusd market will just keep on dropping due to no liquidity.

When I hold for 1 week and sell, the price will recover to my desired direction the next day.
When I hold for 2 weeks and sell, the price will recover to my desired direction the next day or two too.
When this time I hold for 1 month and will keep on holding, I think the price cannot recover, until I sell.
  • #668,702
  • Jul 11, 2022 3:20pm Jul 11, 2022 3:20pm
Quoting Wavegarrick
{quote} We are totally different traders Pat. I am a medium to long term trader. I have noticed here over the months that you have become more and more derogatory towards traders that have gone against your view. It is not all about scalping. I am in trades that you can only dream of and not just in GU and over many cross currency pairs. GU has been difficult but I am still a winner. You can call me an old man and it is a shame because most younger Folks have a great deal of respect for me. I pity you really. Cheers. {image}
sir in your thought what do you think off AUDUSD
  • #668,703
  • Jul 11, 2022 3:22pm Jul 11, 2022 3:22pm
Quoting lengendff
{image} {image} This account is real and is standard account. These trades have been opened for 1 month and haven't recovered. I think not many people traded GBPUSD and since I have such big lots (total 0.49 lots), when I don't sell, the gbpusd market will just keep on dropping due to no liquidity. When I hold for 1 week and sell, the price will recover to my desired direction the next day. When I hold for 2 weeks and sell, the price will recover to my desired direction the next day or two too. When this time I hold for 1 month and will keep on...
Why do you hold these positions for so long with a small account. not picking on you just wanna understand your thought process
  • #668,704
  • Jul 11, 2022 3:24pm Jul 11, 2022 3:24pm
Quoting Moty
break it up mf {image}
its the graveyard shift mate I’m hoping (praying fingers crossed etc) that tomorrow we can see a slight reversal
Insane in the Brain..
  • #668,705
  • Jul 11, 2022 3:25pm Jul 11, 2022 3:25pm
Quoting T721
{quote} Why do you hold these positions for so long with a small account. not picking on you just wanna understand your thought process
6000 to hold 0.49 lots is small account?
  • #668,706
  • Jul 11, 2022 3:26pm Jul 11, 2022 3:26pm
Quoting kingsleynwan
{quote} sir in your thought what do you think off AUDUSD
AU should be going to 6550 / 6500 area. but just because i say that dont trade it. for me its a swing short and it wont go directly there . Just my 2c
  • #668,707
  • Jul 11, 2022 3:28pm Jul 11, 2022 3:28pm
Quoting lengendff
{quote} 6000 to hold 0.49 lots is small account?
your down 40%. if you can hold it you will be alright eventually. i rather cut my losses way sooner then that
  • #668,708
  • Jul 11, 2022 3:35pm Jul 11, 2022 3:35pm
Quoting T721
{quote} your down 40%. if you can hold it you will be alright eventually. i rather cut my losses way sooner then that
I don't use stop loss and by doing so, won't have losses.

Anyway I am trading with money earned from forex.

Just to brag a bit..

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  • #668,709
  • Jul 11, 2022 3:36pm Jul 11, 2022 3:36pm
Quoting shakmoney
{quote} you are fine don’t worry about these clowns
The clown always post late after price has gone 50 pips in his favour.

He dare not to show live trade coz several occasion he made a blunder on his poor entry...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,710
  • Jul 11, 2022 3:38pm Jul 11, 2022 3:38pm
Quoting lengendff
{quote} I don't use stop loss and by doing so, won't have losses. Anyway I am trading with money earned from forex. Just to brag a bit.. {image}
And now it all becomes so clear why I have so many losing trades...

It is those pesky stops!

LOL
Tall tails tell tales.
  • #668,711
  • Jul 11, 2022 3:42pm Jul 11, 2022 3:42pm
Quoting lengendff
{quote} I don't use stop loss and by doing so, won't have losses. Anyway I am trading with money earned from forex. Just to brag a bit.. {image}
i dont use stops either, just a mental stop or % stop
  • #668,712
  • Jul 11, 2022 3:43pm Jul 11, 2022 3:43pm
Quoting Pat Chiko
{quote} The clown always post late after price has gone 50 pips in his favour. He dare not to show live trade coz several occasion he made a blunder on his poor entry...
If I posted my trades, you would all be embarrassed on my behalf for the blunders on entry...
Tall tails tell tales.
  • #668,713
  • Jul 11, 2022 3:43pm Jul 11, 2022 3:43pm
Quoting pipsofacto
{quote} And now it all becomes so clear why I have so many losing trades... It is those pesky stops! LOL
Correct. Forex is very simple to trade. Just remember, what goes up, must come down.
  • #668,714
  • Jul 11, 2022 3:47pm Jul 11, 2022 3:47pm
Quoting T721
{quote} i dont use stops either, just a mental stop or % stop
The idea of not using stops scares my like no tomorrow how about if the market goes against you 1000 pips like when it happen in 2015 ?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #668,715
  • Jul 11, 2022 3:48pm Jul 11, 2022 3:48pm
Quoting T721
{quote} i dont use stops either, just a mental stop or % stop
Back to my 6000 account. It has withstand 600 pips from the 1st trade. I will just leave this account account alone and see when it will recover with profits.
  • #668,716
  • Jul 11, 2022 3:49pm Jul 11, 2022 3:49pm
Quoting pipsofacto
{quote} If I posted my trades, you would all be embarrassed on my behalf for the blunders on entry...
sent you a pm
  • #668,717
  • Jul 11, 2022 3:50pm Jul 11, 2022 3:50pm
There is this famous quote that the MARKET CAN GO IRRATIONAL THAN YOU CAN REMAIN SOLVENT.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #668,718
  • Jul 11, 2022 3:51pm Jul 11, 2022 3:51pm
Quoting lengendff
{quote} Back to my 6000 account. It has withstand 600 pips from the 1st trade. I will just leave this account account and see when it will recover with profits.
i dont think a bottom is that far away imo. but i wouldnt add to it
  • #668,719
  • Jul 11, 2022 3:54pm Jul 11, 2022 3:54pm
Quoting T721
{quote} i dont think a bottom is that far away imo. but i wouldnt add to it
I think so too. Weekly view, can see now is at the 2nd leg of the double bottom. Which is going to retrace upwards soon.
  • #668,720
  • Jul 11, 2022 3:54pm Jul 11, 2022 3:54pm
Quoting martinez1
{quote} The idea of not using stops scares my like no tomorrow how about if the market goes against you 1000 pips like when it happen in 2015 ?
Very true and very possible. you just need to decide how much you wanna lose for the market to prove you wrong. if it does prove you wrong then get thee Hellout

its a hard game but worth it in the end
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