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Cable Update (GBPUSD)

  • #675,381
  • Aug 12, 2022 8:23am Aug 12, 2022 8:23am
Quoting Theoak
Ego trade Short at 1.2118 target 1.2090
Risky, bulls are angry and hungry at this point, put a tight SL

Ask Moty
Face 'ur fears & tame 'ur greed
  • #675,382
  • Aug 12, 2022 8:24am Aug 12, 2022 8:24am
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yes yes yes
  • #675,383
  • Aug 12, 2022 8:27am Aug 12, 2022 8:27am
Quoting JereMi256
{quote} Risky, bulls are angry and hungry at this point, put a tight SL Ask Moty
Stop loss is at 1.2131... I need to take my medicine.... only a small lot!!!
Don't trade what you think. Just what you see!!!
  • #675,384
  • Aug 12, 2022 8:29am Aug 12, 2022 8:29am
Back to Wednesday levels.

UK fell into a recession which will last all next year. How great?! We knew, market knew. Whats next?
  • #675,385
  • Aug 12, 2022 8:30am Aug 12, 2022 8:30am
Quoting Theoak
{quote} Stop loss is at 1.2131... I need to take my medicine.... only a small lot!!!

G&T?
  • #675,386
  • Edited 8:52am Aug 12, 2022 8:34am | Edited 8:52am
All 28 Pairs In Action!!
Hahahah, it's so funny seeing how fast all of this is. I really enjoy looking at this even though I'm losing...
CHF/JPY and GBP/NZD it's crazy how much they take when entering position, around 7 pips..
The whole platform started to lag which makes this even more funnier haha. LooooL
Crazy Friday..

Currently -15 Euro's. Gonna wait for the news and hope the platform won't crash ..
I copy banks.
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  • #675,387
  • Aug 12, 2022 8:35am Aug 12, 2022 8:35am
Quoting Reverso
{quote} The edge of my system is probability, Fischer gives some statistics how likely certain levels will hit, and where to put the Stops, the system is very objective and systematic, easy to follow, and make sense, so far my result is fantastic following it. Backtest few months worth of data, then forward test for a few months build a lot of confidence before finally going live. I don't have ego, I don't have to be right, I act based on what the market tells me, I can go Long or Short depending on what the market shows. If I win, of course I am...
If I gave you a book on Mixed Martial arts and told you to fight in the UFC next week. What do you think would happen?

The easiest way to explain is. You have still got to use your head...even with all the hours of back testing and books.

If you were in a trade 2 pips off just before I get the blood out the fridge(NEWS)... What would you do?
Don't trade what you think. Just what you see!!!
  • #675,388
  • Aug 12, 2022 8:39am Aug 12, 2022 8:39am
Done for the week.
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Sitting out & Going to see how price reacts to the support level...
Might be looking to go long
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  • #675,389
  • Aug 12, 2022 8:40am Aug 12, 2022 8:40am
Quoting Jolita
{quote} G&T?
I've had a few wins today and I'm getting cocky. Its a weakness of mine! The set-up is not lining up quite right, but I can't help myself. I just put a small lot in to keep myself on the ground!!!
Don't trade what you think. Just what you see!!!
  • #675,390
  • Aug 12, 2022 8:41am Aug 12, 2022 8:41am
so stubern
dx mf , go down
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yes yes yes
  • #675,391
  • Aug 12, 2022 8:47am Aug 12, 2022 8:47am
Quoting Jolita
Back to Wednesday levels. UK fell into a recession which will last all next year. How great?! We knew, market knew. Whats next?
Every country on the planet is in recession. Modern economics of quantitative easing. When you have loads of money circulating and not much products... Inflation goes through the roof...
Don't trade what you think. Just what you see!!!
  • #675,392
  • Aug 12, 2022 8:52am Aug 12, 2022 8:52am
Quoting Theoak
Ego trade Short at 1.2118 target 1.2090
Busted
Don't trade what you think. Just what you see!!!
  • #675,393
  • Aug 12, 2022 8:52am Aug 12, 2022 8:52am
May be against some peoples expectations, but this will make me happy

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  • #675,394
  • Aug 12, 2022 8:52am Aug 12, 2022 8:52am
Quoting Theoak
{quote} If I gave you a book on Mixed Martial arts and told you to fight in the UFC next week. What do you think would happen? The easiest way to explain is. You have still got to use your head...even with all the hours of back testing and books. If you were in a trade 2 pips off just before I get the blood out the fridge(NEWS)... What would you do?
You see, before I stabilized, one of the scenario I encountered is the trade will hit TP anyway, but because I am in front of screen and saw it nearly hit TP, I manually exit myself for a little less TP, sometimes I exited even earlier than that, maybe 10% or a little more before hitting TP? If I do nothing, they would hit the full TP. If I keep doing this, eventually the missed profits add up and will slow down my growth, or put it in another way, my result tracking will be not so consistent.

That's why I am so against of myself manually exiting any trades and just let it run its course. Situation like yesterday is quite rare I would say (nearly hitting TP then go back all the way to SL), but it happens sometimes, right now my temporary solution for that is to move SL to breakeven if already 90% TP, if it's meant to be, the 90% will push to 100% anyway, but if it is not, at least I don't go from 95% all the way to hitting full SL.

I try to minimize subjective judgement to prevent over-analyze and messing up my trades, which I did before I stabilized, it do me more harm than good, entering exiting multiple times because the market keep giving mixed signals. I need to pick a side and stick to it. Of course I am not totally turning off my head, 10% of the time I trade without the rules, but based on simple support/resistance method when market is ranging, this is where I use judgement and draw the S/R areas to trade, I go back to my rules when the market is trending again.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 65.4%
  • #675,395
  • Aug 12, 2022 8:52am Aug 12, 2022 8:52am
Quoting Moty
so stubern dx mf , go down {image}
good boy
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yes yes yes
  • #675,396
  • Aug 12, 2022 8:55am Aug 12, 2022 8:55am
Quoting Theoak
{quote} Every country on the planet is in recession. Modern economics of quantitative easing. When you have loads of money circulating and not much products... Inflation goes through the roof...
This is the quantitative easing you talking about?
Attached Image (click to enlarge)
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 65.4%
  • #675,397
  • Aug 12, 2022 8:56am Aug 12, 2022 8:56am
GU rocket launched. 1.22 target on radar ?
  • #675,398
  • Aug 12, 2022 8:58am Aug 12, 2022 8:58am
Quoting TheWolf
All 28 Pairs In Action!! Hahahah, it's so funny seeing how fast all of this is. I really enjoy looking at this even though I'm losing... CHF/JPY and GBP/NZD it's crazy how much they take when entering position, around 7 pips.. The whole platform started to lag which makes this even more funnier haha. LooooL Crazy Friday.. Currently -15 Euro's. Gonna wait for the news and hope the platform won't crash .. I copy banks. {image}

At last someone is having fun trading 28 pairs €0.10/trade. Some are winning positions.
With this capital invest in major stock, better returns.
  • #675,399
  • Aug 12, 2022 8:58am Aug 12, 2022 8:58am
Quoting Reverso
{quote} You see, before I stabilized, one of the scenario I encountered is the trade will hit TP anyway, but because I am in front of screen and saw it nearly hit TP, I manually exit myself for a little less TP, sometimes I exited even earlier than that, maybe 10% or a little more before hitting TP? If I do nothing, they would hit the full TP. If I keep doing this, eventually the missed profits add up and will slow down my growth, or put it in another way, my result tracking will be not so consistent. That's why I am so against of myself manually...
I like it!!! There is logic behind this!!

Would you exit in profit, just before a interest rate rise? Someone said to me on here that the likes would not effect his charts! What do you think?

But I'm very impressed with your thoughts!!!! Very impressed!!!
Don't trade what you think. Just what you see!!!
  • #675,400
  • Aug 12, 2022 8:58am Aug 12, 2022 8:58am
Quoting anandy1
GU rocket launched. 1.22 target on radar ?
Im taken small buy for retrace to 2167 maybe but will me looking to jump out, after retrace Im selling more further for 11960 level, cheers!
People don't plan to lose. They lose because they don't plan.
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