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Cable Update (GBPUSD)

  • #679,961
  • Sep 1, 2022 6:05am Sep 1, 2022 6:05am
Quoting Indiara
{quote} I protected my trade and I moved my target to 25 pips. No need to be greedy {image}
My protecting SL got hit, so no win and no loss. Now I will see what NY session can bring.
I am neither brave nor stupid...I am just a part time trader
  • #679,962
  • Sep 1, 2022 6:06am Sep 1, 2022 6:06am
Quoting Indiara
{quote} My protecting SL got hit, so no win and no loss. Now I will see what NY session can bring.
were you shorting?
Insane in the Brain..
  • #679,963
  • Sep 1, 2022 6:07am Sep 1, 2022 6:07am
Quoting Mitiblotch
{quote} Or ISM has already been traded.

Sellers are strong therefore 1.15 could be. But for now it found support.
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  • #679,964
  • Sep 1, 2022 6:08am Sep 1, 2022 6:08am
Quoting BeeTogether
{quote} were you shorting?
Yes. Perhaps the candles will go down without me, but I didn't want to leave the trade unprotected because the day has been strange so far
I am neither brave nor stupid...I am just a part time trader
  • #679,965
  • Sep 1, 2022 6:09am Sep 1, 2022 6:09am
Hey folks, new to the forum here. What's with the pound going down day after day week after week? I would much appreciate an opinion. It's very frustrating to watch as if the country going bankrupt, factories laying off and lost all its hope. Inflation and energy prices is a known issue where all the talking heads cry about but what the hell are they doing to the currency ? Its like as if a group of someone trying to write a usd/try type of story with the sterling, scwing everyone along the way from top to the bottom.
  • #679,966
  • Sep 1, 2022 6:09am Sep 1, 2022 6:09am
define risk when your lot size is 0.001% of account balance
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  • #679,967
  • Sep 1, 2022 6:09am Sep 1, 2022 6:09am
EUR/AUD kind to me yet again.
  • #679,968
  • Sep 1, 2022 6:12am Sep 1, 2022 6:12am
Who shorts a 4hr falling wedge and bullish price-RSI divergence? It takes lots of balls to do that. You cannot question this downtrend. It is strong, but this is that time when price may spike up hard before new shorts come in. I don't want to be caught in the spike.
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  • #679,969
  • Sep 1, 2022 6:14am Sep 1, 2022 6:14am
Quoting Waveskierrob
{quote} My posts demonstrate that you don't need to know direction to make money
i agree with that
risk and money management is key
But you do need certain skills, for example hedging is quite an art and you seem to have mastered that.
Im terrible at hedging lol
in wondering about yourself, you forgot what you came here to be part of
  • #679,970
  • Sep 1, 2022 6:14am Sep 1, 2022 6:14am
Quoting Mitiblotch
Okay I have a price I can manage. Long 1559. SL: unwritten (I actually have a SL) TP: the moon!
Good Luck
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Intraday Trading is an Art _ hoda
  • #679,971
  • Sep 1, 2022 6:16am Sep 1, 2022 6:16am
Quoting ForexGoose
{quote} sold from 1.164, stop loss is above 1.168, target 1.146 {image}
this would have worked out well for me but I closed early with minor profit
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #679,972
  • Sep 1, 2022 6:16am Sep 1, 2022 6:16am
Long, WO is my target
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  • #679,973
  • Sep 1, 2022 6:17am Sep 1, 2022 6:17am
Quoting hoda
{quote} Good Luck {image}
Thank you so much. I need all the luck I can get now. I like that picture.
  • #679,974
  • Sep 1, 2022 6:18am Sep 1, 2022 6:18am
down move continues...interesting... maybe we are headed lower... I think i may sit on the sidelines and let this price action/ non farm play out... This all looks like gambling at the moment... or maybe just sell until it hits zero, lol
  • #679,975
  • Sep 1, 2022 6:18am Sep 1, 2022 6:18am
Quoting Mitiblotch
Who shorts a 4hr falling wedge and bullish price-RSI divergence? It takes lots of balls to do that. You cannot question this downtrend. It is strong, but this is that time when price may spike up hard before new shorts come in. I don't want to be caught in the spike. {image}

This is why I protected my trade a bit sooner than I would have done usually. My entry trigger wasn't strong so I have to be careful. I'm happy with no win and no loss because I don't want a big spike against me either
I am neither brave nor stupid...I am just a part time trader
  • #679,976
  • Sep 1, 2022 6:20am Sep 1, 2022 6:20am
Oil long, levels on chart
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  • #679,977
  • Edited 6:52am Sep 1, 2022 6:20am | Edited 6:52am
Quoting Whale
Long, WO is my target {image}
Monthly pivot is 1839 and price is almost 300 pips away from it. We must touch that price or near it this September. Plus the yearly low to equal that of 2020 (pandemic year) is just roughly 60 pips or so according to Geoginson). Logically speaking bears should be done this whole year except Putin nukes Israel or UK or US. Just that the market can be irrational sometimes.

At these lows is where they'll play games. They won't want retail to hold on to their tails or buy the low. It will be quick and surgical.
  • #679,978
  • Sep 1, 2022 6:20am Sep 1, 2022 6:20am
Quoting PatienceFx
define risk when your lot size is 0.001% of account balance {image}
hilarious

disclaimer: do not try this at home [ this trade worked because i knew the trend ]
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  • #679,979
  • Sep 1, 2022 6:20am Sep 1, 2022 6:20am
I put a buy limit at 1.146 with a stop below 1.14 as I expect there will be a bounce from there, maybe I am wrong
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #679,980
  • Sep 1, 2022 6:22am Sep 1, 2022 6:22am
Quoting Mitiblotch
Who shorts a 4hr falling wedge and bullish price-RSI divergence? It takes lots of balls to do that. You cannot question this downtrend. It is strong, but this is that time when price may spike up hard before new shorts come in. I don't want to be caught in the spike. {image}
I expect a break of this wedge ro the downside to finish off the last long-suffering bull before a fast move to the upside.
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