Cable Update (GBPUSD)
{quote} True, I'm still recovering and building my small account slowly. Was up 3k last time from a mere USD80 and I blew it up cuz I had tons of bad trades and being a fukin' idiotBut I like this forum here though, everyone's pretty helpful and I can learn more when looking at some of the charts posted. I do my own analysis sometimes but mainly on a shorter timeframe of M15/M30 and H1 for SnR.
..stick to what you know
{quote} Thank You Sir for your kindest sharing of valuable chart. Your posts and ideas have been particularly enlightening. Thanks for your thought provoking insight to the markets and into ourselves as traders. I have found this thread very enlightening and refreshing, especially with your personal contribution in posting valuable info. As Newbie, it is not simple to become proficient in forex, I need to commit some time, and make some effort in learning about and practicing trading, before I achieve results that are favorable to any degree. This...
{quote} We've all been there, part of the learning process....maybe when you hit 3k you started to have a God complex and though you was invincible, I've done it more than once
{quote} Thank you, Pat, for the kind words. I'm not as smart as you giving me credit for, I just played the same "video game" (ABC,12345) for the last 6600 days knowing where the potential traps are. Newbie?
{quote} I've been learning with real money, my main trading strategy would be scalping because I can only spend some of my time after work to trade. But I'm still having issues with being FOMO and also being greedy for holding the trades for too long. "They" say let your winners run and close your losers asap but shit doesn't work that way every time
{quote} If you have a strategy sure. But you did not say, "help" so I assume you are comfortable doing that. The issue I was commenting about was trading using real $$$ without knowing what your doing, being in the red and then asking for help for example. My help is stop trading real $$$ or pay a PROFESSIONAL to manage your $$$ but not anyone from FF unless they are a vetted financial advisor, which I have not seen anyone advertising that service but I never was looking in the first place.
{quote} I've been learning with real money, my main trading strategy would be scalping because I can only spend some of my time after work to trade. But I'm still having issues with being FOMO and also being greedy for holding the trades for too long. "They" say let your winners run and close your losers asap but shit doesn't work that way every time
{quote} I view technical analysis as a study of emotion and more importantly the sequence of emotions that all market participants go through. There isn't any moment of time as price is moving that emotions are not in play. I know from what I do every day that the flow of price movement comes in sequences that can often be measured and projected to obtain an idea of the high risk areas for targets. Consider one of the market's maxims, "price reflects all known information about the market that is known by the participants and price will move when...
Have a good weekend folks. Time to rest up
