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Cable Update (GBPUSD)

  • #688,341
  • Sep 27, 2022 4:13am Sep 27, 2022 4:13am
Target at 1.07. Should only take a few seconds to get there.
  • #688,342
  • Sep 27, 2022 4:13am Sep 27, 2022 4:13am
Jumped to demo right away, trades going well.

Entered in live,
Market: Yo this guy just entered and places his SL here, let's take him out before we go.
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Exhausted
  • #688,343
  • Sep 27, 2022 4:17am Sep 27, 2022 4:17am
Quoting Elysion
I think my account is getting watched. Whenever I trade in demo, it's going well. When I go live, it goes haywire.
Lol... the all seeing eye is watching you. Hahaha... you know those times when if you buy, it dumps, if you sell it rises. Every single time. And then you begin to wonder if your MT4 has been bugged. It's just your mind.

However, I must mention this that as I grew my account recently (I already talked about it) from $300 to some thousands, for the first time since I started using my broker, I noticed some sharp practises. Suddenly my MT4 would work, but the button for entering trades and adjusting trades became disabled. It happened too many times, especially as I was making profits and withdrawing. Scalping fast and making loads. I had to challenge them and after much chatting online, they apologised profusely and advised me to send my complaint to bla bla bla email.
  • #688,344
  • Sep 27, 2022 4:18am Sep 27, 2022 4:18am
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  • #688,345
  • Sep 27, 2022 4:19am Sep 27, 2022 4:19am
Quoting Elysion
I think my account is getting watched. Whenever I trade in demo, it's going well. When I go live, it goes haywire.
Your analysis is often good?

SF
  • #688,346
  • Sep 27, 2022 4:21am Sep 27, 2022 4:21am
Quoting SilentFather
{quote} Your analysis is often good? SF
So far my own TA favors me for more than 70% (personal opinion) but I tend to get stopped out before moving into the direction as I expect.
Exhausted
  • #688,347
  • Sep 27, 2022 4:22am Sep 27, 2022 4:22am
Quoting Pat Chiko
{quote} GU Not looking good. Straight underwater. No luck, maybe she want my SL.... {image}
About to get Stopped out....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,348
  • Sep 27, 2022 4:23am Sep 27, 2022 4:23am
Quoting Elysion
{quote} So far my own TA favors me for more than 70% (personal opinion) but I tend to get stopped out before moving into the direction as I expect.
Then adjust your TA. You have to be right - at the right time. Being right at the wrong time = being wrong.
Trader with an Edge.
  • #688,349
  • Sep 27, 2022 4:23am Sep 27, 2022 4:23am
Quoting Pat Chiko
{quote} GU Not looking good. Straight underwater. No luck, maybe she want my SL.... {image}
Might have been early, for scalping I look at the 5 min and 1 min stochastics, they have to be telling you the same things. When I am looking at a US$ pair I also check the USDX charts to make sure it is telling me the opposite.
  • #688,350
  • Sep 27, 2022 4:25am Sep 27, 2022 4:25am
Quoting Pat Chiko
{quote} About to get Stopped out....{image}
Bears getting weaker might pump
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No pen no gen
  • #688,351
  • Sep 27, 2022 4:26am Sep 27, 2022 4:26am
Quoting Elysion
{quote} So far my own TA favors me for more than 70% (personal opinion) but I tend to get stopped out before moving into the direction as I expect.
Expect it to go in the wrong direction so two wrongs make a right.
  • #688,352
  • Sep 27, 2022 4:28am Sep 27, 2022 4:28am
Quoting dantpm
{quote} Might have been early, for scalping I look at the 5 min and 1 min stochastics, they have to be telling you the same things. When I am looking at a US$ pair I also check the USDX charts to make sure it is telling me the opposite.

I'm Newbie, I don't know how to use indicator.

Thanks for the tips.
Trade Well and best wishes.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,353
  • Sep 27, 2022 4:30am Sep 27, 2022 4:30am
Quoting Indiara
{quote} Can I offer a suggestion to you? There are more experienced and better traders than me here, but when I enter a trade I am reasonably sure that it will work, but even so, I place my SL a long way from the entry. Sometimes 30-50 pips away. I won't let that SL get eaten (unless a sudden spike does it), I will exit the trade when I see that I got it wrong. 15-20 pip SL is too close and is likely to get eaten in the volatility. If my big SL does get eaten by a sudden spike, I won't like it, but the account won't have damage that I can't recover...
I place my SL a long way from the entry. Sometimes 30-50 pips away.
I often place it even further away! It is really just for unexpected emergencies. I typically put 1-5% of my account balance at risk, based on 30% of my accumulated profits. We know that stop hunting spikes can take out stops placed near swing bars without this being a direction change. So by placing the stop far away and simply monitoring the trade when approaching the swing area gives the ability to decide whether to exit or stay in (and possibly add on as the continuation materializes).

And, as usual, checking smaller TFs is a big aid in the decision due to the valuable information as to how the larger move is likely to progress.
To free Gazans of Hamas, use whatever it takes.
  • #688,354
  • Sep 27, 2022 4:32am Sep 27, 2022 4:32am
Quoting Elysion
I think my account is getting watched. Whenever I trade in demo, it's going well. When I go live, it goes haywire.
I have kind of the same doubt. Yesterday , my broker's platform was very unstable, server's down freeze many times, and then they ate me about $400 forced closed, last Friday's already been $400 , now totally $800 hardworking money are gone. Very upset about this.

Very Tricky!! I'll try to change my way to avoid tricky hunting.
  • #688,355
  • Sep 27, 2022 4:36am Sep 27, 2022 4:36am
Quoting dantpm
{quote} Might have been early, for scalping I look at the 5 min and 1 min stochastics, they have to be telling you the same things. When I am looking at a US$ pair I also check the USDX charts to make sure it is telling me the opposite.
I'm have been using for the past few weeks
Exhausted
  • #688,356
  • Sep 27, 2022 4:39am Sep 27, 2022 4:39am
Quoting DrDave
{quote} I place my SL a long way from the entry. Sometimes 30-50 pips away. I often place it even further away! It is really just for unexpected emergencies. I typically put 1-5% of my account balance at risk, based on 30% of my accumulated profits. We know that stop hunting spikes can take out stops placed near swing bars without this being a direction change. So by placing the stop far away and simply monitoring the trade when approaching the swing area gives the ability to decide whether to exit or stay in (and possibly add on as the continuation...
Yes!

I also, (and this is just me being weird I think) find that the first trade of the week is a very important trade. I do not want to lose any of last weeks profit if possible. So I try to make a good job of the first trade, and yesterday is was +82, so I have 82 pips to play with for the next trade. Of course I would not let a trade run that much against me, but I could, and it wouldn't hurt last weeks profit. If I am lucky enough to make +18 today, then I have 100 pips (of the market money) to play with for the next trade.....and on and on. Does that make sense? It works for me, but maybe I am a little crazy!!
I am neither brave nor stupid...I am just a part time trader
  • #688,357
  • Sep 27, 2022 4:42am Sep 27, 2022 4:42am
Quoting Elysion
{quote} So far my own TA favors me for more than 70% (personal opinion) but I tend to get stopped out before moving into the direction as I expect.
Ok, Good Job then. That's fine. Don't give up. Have some ideas for you, if you would like that. (Sorry that I'm saying it here)

1. Problem causing this, might be your entry / stoploss.
2. If you use traditional charts, get cTrader. It has TICK charts in it... This could help you catch low / high and thus your SL could be much less.
3. Check my first thread I made.

To be fair, I have same problems. My problem, as I now just checked my trades on PC, that I use mobile phone... I entry buy / sell somewhere where I wouldn't do it at all. Phone is just... well... It's "big" pixel 6 pro, but the screen is just... No, it is just small.

To be somehow useful here, check those levels on GBP/USD..

Also, price on GBP/USD will reverse in 13.25 - 13.35. Don't need to know where, it works like "if it's up, go sell" and vice versa. I never really explained this, but I sohouldn't do it anyway. Will post later how it went, or You can send me PM. I'll show "after pic".

SF
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  • #688,358
  • Sep 27, 2022 4:45am Sep 27, 2022 4:45am
Quoting Cgpips
{quote} I have kind of the same doubt. Yesterday , my broker's platform was very unstable, server's down freeze many times, and then they ate me about $400 forced closed, last Friday's already been $400 , now totally $800 hardworking money are gone. Very upset about this. Very Tricky!! I'll try to change my way to avoid tricky hunting.
That is a red flag for a broker
More time in the market, does not mean you trade better!
  • #688,359
  • Sep 27, 2022 4:45am Sep 27, 2022 4:45am
Quoting Indiara
{quote} Yes! I also, (and this is just me being weird I think) find that the first trade of the week is a very important trade. I do not want to lose any of last weeks profit if possible. So I try to make a good job of the first trade, and yesterday is was +82, so I have 82 pips to play with for the next trade. Of course I would not let a trade run that much against me, but I could, and it wouldn't hurt last weeks profit. If I am lucky enough to make +18 today, then I have 100 pips (of the market money) to play with for the next trade.....and on...
Get back to the grass, you crazy cat!!!
Don't trade what you think. Just what you see!!!
  • #688,360
  • Sep 27, 2022 4:46am Sep 27, 2022 4:46am
Quoting Pat Chiko
{quote} GU Not looking good. Straight underwater. No luck, maybe she want my SL.... {image}
pls what is your thought on GBPJPY thank you
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