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Cable Update (GBPUSD)

  • #683,441
  • Sep 14, 2022 3:09am Sep 14, 2022 3:09am
Quoting Waveskierrob
{quote} added LONG 1.1539 no tp no sl
Closed LONG 1.1546 +7
  • #683,442
  • Sep 14, 2022 3:09am Sep 14, 2022 3:09am
So, Pound is rising despite bad news. However, never did we witness the price going one way for the whole day so. Who knows what Wall Street Wolves have in store for us.
  • #683,443
  • Sep 14, 2022 3:10am Sep 14, 2022 3:10am
Quoting Waveskierrob
SHORT 1.1522 no tp no sl
added SHORT 1.1547 no tp no sl
  • #683,444
  • Sep 14, 2022 3:10am Sep 14, 2022 3:10am
Quoting PatienceFx
{quote} where can i sell this {image}
I’d be tempted at 11580-11620 depending on trend
Insane in the Brain..
  • #683,445
  • Sep 14, 2022 3:11am Sep 14, 2022 3:11am
Quoting TheWolf
So, Pound is rising despite bad news. However, never did we witness the price going one way for the whole day so. Who knows what Wall Street Wolves have in store for us.
HPI
  • #683,446
  • Sep 14, 2022 3:11am Sep 14, 2022 3:11am
Quoting Waveskierrob
{quote} Closed LONG 1.1546 +5
Waveskie you can post like this : GU Long 1545, closed +10 in one post
People don't plan to lose. They lose because they don't plan.
  • #683,447
  • Sep 14, 2022 3:12am Sep 14, 2022 3:12am
Quoting BeeTogether
{quote} Now if you had these sunglasses {image}
My hair is not the right colour!
I am neither brave nor stupid...I am just a part time trader
  • #683,448
  • Sep 14, 2022 3:12am Sep 14, 2022 3:12am
Quoting dantpm
{quote} Yeah except that rocket fuel is liquid hydrogen and most of that smoke is water vapour.
How are you producing this Hydrogen?
Don't trade what you think. Just what you see!!!
  • #683,449
  • Sep 14, 2022 3:13am Sep 14, 2022 3:13am
Quoting ScalaFX
{quote} Waveskie you can post like this : GU Long 1545, closed +10 in one post
You're right, my fingers are going like the clappers typing
  • #683,450
  • Sep 14, 2022 3:14am Sep 14, 2022 3:14am
Quoting Theoak
{quote} How are you producing this Hydrogen?
You can extract it from water, you can extract it from other fuels, you will just have to ask the people launching the rocket.
  • #683,451
  • Sep 14, 2022 3:15am Sep 14, 2022 3:15am
Quoting Indiara
{quote} My hair is not the right colour!
The wonders of Snapchat filters

@moty get your rocket ready for lift off to 116
Insane in the Brain..
  • #683,452
  • Sep 14, 2022 3:15am Sep 14, 2022 3:15am
Quoting Moty
yes yes yes !!! went to sleep with 150 $ floating loss , wake to almost break even {image}
you survived multiple times, good, i hope it will reach the target.

Price broke above the asian session high. This will be a good run
  • #683,453
  • Sep 14, 2022 3:16am Sep 14, 2022 3:16am
Quoting ScalaFX
{quote} Waveskie you can post like this : GU Long 1545, closed +10 in one post
Wave is more like that little birds taking the remains rather than some predator. It works great for him though. He hits TP what, 6, 7 times? That is more than 50 pips in the end..
  • #683,454
  • Sep 14, 2022 3:17am Sep 14, 2022 3:17am
Quoting Waveskierrob
{quote} You're right, my fingers are going like the clappers typing
People don't plan to lose. They lose because they don't plan.
  • #683,455
  • Sep 14, 2022 3:17am Sep 14, 2022 3:17am
Quoting Pat Chiko
{quote} GU add (maybe got luck) {image}

GU

Scalping position.
Partial close.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 015.jpg Size: 259 KB


These trade went underwater on deeper retrcement.
Went for averaging up.

In order to take advantage of a positive expectancy in"averaging up" system that has a large number of trades that lose a small amount of capital, and few winning trades that yield a large amount of profits, we need to make enough trades, so that even if a lot of them yield small losses, we will be able to find the few that do make our lot of money.

To achieve this in practicality, money management is key
Then, we never risk more than 1% of our total equity in any one trade.

By risking 1% only, one is indifferent to any individual trade.
Keeping our risk small and pre-set, is absolutely critical to lessen drawdowns.
We have to minimize our losses and try to preserve capital for those very few instances where we can make a lot in a very short period of time.
What we can’t afford to do is throw away our capital on suboptimal trades.

With this is a more accurate approach to looking at the issue and why there are a number of traders who do not like to average up.
We all just need to pay attention...whenever we decide to downscale our system`exits, remember the math works against us.

It´s in the detail...the edge exists, but mistakes will balance it towards the other side...

With that said, understand that I respect this as a valid strategy and approach for other traders.
Maybe it's just not for everyone.

Trade Safe

Regards Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #683,456
  • Sep 14, 2022 3:18am Sep 14, 2022 3:18am
Quoting Indiara
This might be a bumpy ride. But I like the setup {image}

GU trade is protected now

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 136 KB
I am neither brave nor stupid...I am just a part time trader
  • #683,457
  • Sep 14, 2022 3:19am Sep 14, 2022 3:19am
Quoting dantpm
{quote} You can extract it from water, you can extract it from other fuels, you will just have to ask the people launching the rocket.
I Just asked them
Attached Image (click to enlarge)
Click to Enlarge Name: US-Electric-Gen-2020-EPA.jpeg Size: 107 KB
Don't trade what you think. Just what you see!!!
  • #683,458
  • Sep 14, 2022 3:20am Sep 14, 2022 3:20am
Quoting Pat Chiko
{quote} GU Scalping position. Partial close. {image} These trade went underwater on deeper retrcement. Went for averaging up. In order to take advantage of a positive expectancy in"averaging up" system that has a large number of trades that lose a small amount of capital, and few winning trades that yield a large amount of profits, we need to make enough trades, so that even if a lot of them yield small losses, we will be able to find the few that do make our lot of money. To achieve this in practicality, money management is key Then, we never risk...
hi mate, i see your first TP is the around the daily Pivot zone.. a break above could be useful
Insane in the Brain..
  • #683,459
  • Sep 14, 2022 3:20am Sep 14, 2022 3:20am
Quoting Indiara
{quote} GU trade is protected now {image}
Are you suggesting range bound?
  • #683,460
  • Sep 14, 2022 3:20am Sep 14, 2022 3:20am
Quoting Pat Chiko
{quote} GU Scalping position. Partial close. {image} These trade went underwater on deeper retrcement. Went for averaging up. In order to take advantage of a positive expectancy in"averaging up" system that has a large number of trades that lose a small amount of capital, and few winning trades that yield a large amount of profits, we need to make enough trades, so that even if a lot of them yield small losses, we will be able to find the few that do make our lot of money. To achieve this in practicality, money management is key Then, we never risk...
Oho, I smell moneyyy
People don't plan to lose. They lose because they don't plan.
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