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Cable Update (GBPUSD)

  • #668,981
  • Jul 12, 2022 9:05am Jul 12, 2022 9:05am
Quoting JereMi256
{quote} Short @1.1889 SL 1.1906
BE set
TP 1.1846
Face 'ur fears & tame 'ur greed
  • #668,982
  • Jul 12, 2022 9:05am Jul 12, 2022 9:05am
Quoting eyefeelsix
{quote} stay alive! don't drink and drive on public forum -- keep healty my friend
Normally I dedicate to posting my tradings and for whatever reason some member appears, almost always the same ones insulting and harassing what I post. I have my own opinion that I have already commented thousands of times and it turns out that when you have raised your account from $200 to $15,000 several times, the sector does not like you. I am a persecuted and they are more than me and it may seem that I am the troublemaker but if you read carefully how everything begins you will see. Mind you, you have been quite polite, i was expecting something like "stop posting BS etc" as a greeting or leave this thread.
POSTMASTER
  • #668,983
  • Edited 9:25am Jul 12, 2022 9:06am | Edited 9:25am
Quoting Pat Chiko
{quote} Never heard anyone saying those to me. The only person that told me last year was Waveskierrob. Which I doubt he's serious about that. Niway....... This is what I can contribute to others. Planting a seed. When I died, or Thanos click me out, the rest of your here will continue the work to help others coming after us. And keep on planting the seed for our future generation, you met in person or not. Thanks for the encouragement Best Regards PAT
I haven't been here for a while and glad to see you're still here Pat and contributing to this thread. Your posts are pure Nat Gas!!
  • #668,984
  • Jul 12, 2022 9:09am Jul 12, 2022 9:09am
Quoting Bainbrito
{quote} I haven't been here for a while and glad to see you're still here Pat and contributing to this thread. Your posts are pure gold!!
Long time no see.

The last time I check with friends here, telling me you went to Russia, working in Oil & Gas.

Glad you're back here in one piece and managed to escape from Putin....

Look forward for your posting and ideas so we can grow together.

Peace not War.

PAT

P/S can I request to change from Gold to Nat Gas, as price has been 5 times, compare to gold are declining....Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,985
  • Jul 12, 2022 9:12am Jul 12, 2022 9:12am
Quoting Pat Chiko
GU Follow the money. Now its time to get Seller excited as the lowe OB, there is more fresh supply above to be taken out. Waiting for LONG entry {image}
GU

Lets continue taking out seller to the top.

Follow the money

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,986
  • Jul 12, 2022 9:13am Jul 12, 2022 9:13am
Quoting Robinhood1
{quote} Normally I dedicate to posting my tradings and for whatever reason some member appears, almost always the same ones insulting and harassing what I post. I have my own opinion that I have already commented thousands of times and it turns out that when you have raised your account from $200 to $15,000 several times, the sector does not like you. I am a persecuted and they are more than me and it may seem that I am the troublemaker but if you read carefully how everything begins you will see. Mind you, you have been quite polite, i was expecting...
I don't get what you mean, cause I'm new here.. anyway, let's forget it and move on, the market is our main target

--- keep the spirit peace of life
https://breakpullback.com
  • #668,987
  • Jul 12, 2022 9:15am Jul 12, 2022 9:15am
Quoting Pat Chiko
{quote} GU Lets continue taking out seller to the top. Follow the money {image}
Good to see you are on my site
People don't plan to lose. They lose because they don't plan.
  • #668,988
  • Jul 12, 2022 9:16am Jul 12, 2022 9:16am
Quoting Adzmoz
For the love off god - today has been agonising .. just hopeful 1.18 remains unbroken and our friend Andrew says something £ positive .. something like, “rights chaps I’ve had a word with Russia, the wars off - he’s agreed to cut petrol and start supplying again and everyone gets a tax break for the inconvenience”. Is it too much to ask??
It seems like this trade failed ages ago. It happens, trades fail, don't allow cognitive dissonance to keep them alive!

Cognitive dissonance comes from a tendency to seek consistency among attitudes, thoughts, and beliefs.
When beliefs agree, there is consonance and a state of comfort results.

People alleviate cognitive dissonance in one of three ways:

  1. Reducing the importance of dissonant cognitions
  2. Adding consonant conditions
  3. Removing or changing dissonant conditions


When a situation involves incentives people may reduce dissonance by changing the dissonant condition (usually when the incentive is small) or by adding a consonant cognition (usually when the incentive is large)

Changing the way you think and feel about a dissonant situation that involves incentives is very dangerous when trading. The justification of risk is a serious matter and should be detailed in your trading plan, one of it’s major purposes, otherwise cognitive dissonance will influence you to make stupid decisions.

Invest time and effort to understand how the trading environment creates cognitive dissonance and provide simple and immediate mechanisms in your trading plan to alleviate the dissonance. Clear objectives, rules and mechanisms that are helpful and constructive and do not incentivize risk when it is not smart to do so. When justifying risks, use minimum compensation for doing so rather than increasing risk disproportionately. Know exactly what would contradict or otherwise invalidate your trade and either do not take the trade or cut it short.

When the market is moving against your position do not justify ridiculous behaviour such as moving or removing the stop loss believing you will eventually be compensated, and that justifies the risk. Or worse, adding to the negative position. Similarly, a trader with an ambitious profit target might justify holding a profitable position for too long; instead of realising profits when the market runs out of momentum, they reduce the importance of this dissonance and perhaps increase the importance of consonant conditions -they may even lose money. It is essential to have clear targets and exit rules too.

In general, trading should feel comfortable, which is a result of consonance between your trading plan, market conditions, and actual behaviour.

Cut losses short, let profits run

  • #668,989
  • Jul 12, 2022 9:17am Jul 12, 2022 9:17am
BTW, i added shorts @ 1.1889
POSTMASTER
  • #668,990
  • Jul 12, 2022 9:19am Jul 12, 2022 9:19am
Quoting Robinhood1
BTW, i added shorts @ 1.1889
Taking the lift down to 1.1750 and then will have to walk the stairs upto 1.1980. From there, take the express lift to around 1.1200
POSTMASTER
  • #668,991
  • Jul 12, 2022 9:19am Jul 12, 2022 9:19am
Quoting ScalaFX
{quote} Good to see you are on my site
ScalaFX I can always trust your unwavering dedication my friend. Nice to see you!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #668,992
  • Jul 12, 2022 9:20am Jul 12, 2022 9:20am
Quoting Nuel101
{image}

Target met …
  • #668,993
  • Jul 12, 2022 9:21am Jul 12, 2022 9:21am
Hi folks ! Dear fellow traders ! Just saying a quick hello. Missed you guys and gals!!!

Quoting Whale
@mtako? Any funny picture to share?
Quoting BeeTogether
{quote} mtako has been quiet today…
Quoting Whale
{quote} yap, i wonder how bulls not quiet as well.. i read today more long than short post.

Sorry for late reply mates ! It was my pleasure to hang out with you all!!! Truly ! But I dont go on ff when am not home, which I often leave in the summer, and especially when on "summer long-term positions managing only mode"
Got a buy stop at .18944, 1925, 1955, back in range setup, down-shifting ranging NOT a definitive down continuance yet for me as long as price keep on rolling back up in the shadows in this manner, among other things. The 8H perhaps illustrates it the best in this case.. Mr.BuyStops, dont get triggered if you are not accompanied by serious bulls !

For those of you looking at the forest instead of the tree, or at both: from my live shared posts I have a couple of medium-term longs still(21 and 22) but many more longer-term shorts. I have been mainly trend trading this drop for months now and I believe my shares attest to that. Been a rocky&smooth road, as usual. A lot of losses and a lot of BEs, but all in all, am still averaging a decent yet modest consistency on return/drawdown across all timelines. I have plenty of surviving shorts, some as far as
Quoting mtako
{quote} Lost that one with the 1H BO of >3030(-39), now finally selling again Sold 3112.
, then at 1.25x. Both of which are main supporters of my other shorties(less in volume to account for the next possible pullback and preserving gains.) But my >25 positions now have dynamic SL at 1.245 . o ooooo nooooooo still have to wait for more shorts..... I will not bother you with all the quotes of my other shorts, and their accompanying insights(there are some here and there, believe it or not so if anyone interested, see my profile where there is also much more I wrote in the eurusd thread, some of which could also help with brainstorming if you are developing strategies and looking for ideas, which I find ff is great for if you have the time and dedication to explore with an openmind and do the backtesting necessary with whatever comes to mind.

And that was another rambling episode of Sir Hope everyone is well. Cheers all !

P.S Boy can those bears dance !!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #668,994
  • Jul 12, 2022 9:21am Jul 12, 2022 9:21am
Quoting Nuel101
{quote} I took it on the 3min..... but i might head out the trade or just B/E cus it might respect the trendline.....idk {image}
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  • #668,995
  • Jul 12, 2022 9:22am Jul 12, 2022 9:22am
Quoting Pat Chiko
{quote} GU Lets continue taking out seller to the top. Follow the money {image}
Hi PAT,
my VAP numbers gave me 1.18283 as the level to buy from (intra - day). I'm not sure how price missed the level by a few pips.

I also have 1.1944 as level to sell from.

Let's see if my buy trade will get filled today or maybe I have missed the move.
  • #668,996
  • Jul 12, 2022 9:23am Jul 12, 2022 9:23am
Quoting Pat Chiko
{quote} Long time no see. The last time I check with friends here, telling me you went to Russia, working in Oil & Gas. Glad you're back here in one piece and managed to escape from Putin.... Look forward for your posting and ideas so we can grow together. Peace not War. PAT P/S can I request to change from Gold to Nat Gas, as price has been 5 times, compare to gold are declining....Thanks
  • #668,997
  • Jul 12, 2022 9:25am Jul 12, 2022 9:25am
Quoting mtako
Hi folks ! Dear fellow traders ! Just saying a quick hello. Missed you guys and gals!!! {quote} {quote} {quote} Sorry for late reply mates ! It was my pleasure to hang out with you all!!! Truly ! But I dont go on ff when am not home, which I often leave in the summer, and especially when on "summer long-term positions managing only mode" Got a buy stop at .18944, 1925, 1955, back in range setup, down-shifting ranging NOT a definitive down continuance yet for me as long as price keep on rolling back up in the...
welcome back mate!!
Insane in the Brain..
  • #668,998
  • Jul 12, 2022 9:26am Jul 12, 2022 9:26am
Quoting pipcenturion
{quote} Hi PAT, my VAP numbers gave me 1.18283 as the level to buy from (intra - day). I'm not sure how price missed the level by a few pips. I also have 1.1944 as level to sell from. Let's see if my buy trade will get filled today or maybe I have missed the move.
Hey Mr Centurion.

You seldom make an appearance here.

Long time was waiting for your post and getting some ideas on VAP side of the story.

Thanks for sharing your view and look forward for more post from you in this thread.

Best Wishes

Pat
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,999
  • Jul 12, 2022 9:30am Jul 12, 2022 9:30am
Quoting Bainbrito
{quote}
Seriously, I miss reading your literature in this thread.

Beside getting philosophical wisdom , education, I too get some well written English lesson from you.

Looking forward for your making great post again (copy from Trump slogan)...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #669,000
  • Jul 12, 2022 9:37am Jul 12, 2022 9:37am
but why the accolade goes to Pat instead of who he copy the Trade from..


JK
MY OPINION NOT FINANCIAL ADVISE
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