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Cable Update (GBPUSD)

  • #688,381
  • Sep 27, 2022 5:23am Sep 27, 2022 5:23am
Quoting Elysion
{quote} I usually trade on mobile using mt5 as I can't access internet through pc fron workplace. Plus I only trade when I have some free time during work and mostly after work. Yes I do agree sometimes mobile limits one's ability to look fully at the chart.
You should try tick charts. For example 1000tick or scalping 50-90 ticks. Or watching tick 1000 with entries on lower like 80tick. This would help with entries + stoploss. :o)

SF
  • #688,382
  • Sep 27, 2022 5:23am Sep 27, 2022 5:23am
Quoting Fardeen1209
EU the turtle QM Long set up. Destination: ~30pips Duration time to destination: Fast af (only 8hr) {image}
missed my buy limit by 6 pips.
Time for hibernation
See yall for NY
More time in the market, does not mean you trade better!
  • #688,383
  • Sep 27, 2022 5:25am Sep 27, 2022 5:25am
Winning scalping ..
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  • #688,384
  • Sep 27, 2022 5:27am Sep 27, 2022 5:27am
...
1hr below

5min below
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Trader with an Edge.
  • #688,385
  • Sep 27, 2022 5:35am Sep 27, 2022 5:35am
Long Follow Up
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  • #688,386
  • Sep 27, 2022 5:38am Sep 27, 2022 5:38am
Quoting Fardeen1209
{quote} That is a red flag for a broker
That's strange, and disappointment.
They have FCA, FSCA and ASIC.authorised
I'll change to other broker ASAP . Thanks for your reminding.
  • #688,387
  • Sep 27, 2022 5:47am Sep 27, 2022 5:47am
Quoting Pat Chiko
{quote} GU Getting some oxygen.. Just about to get drowned, but luckily price goes back to positive. Hope price will stay positive..... {image}
You may be OK with this trade though your entry was very late. Tighten the stop a tad you need to see it break the 100% top.
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  • #688,388
  • Edited 6:16am Sep 27, 2022 5:47am | Edited 6:16am
Sold UJ now at 144.28. So help me God.
  • #688,389
  • Sep 27, 2022 5:48am Sep 27, 2022 5:48am
Quoting SilentFather
{quote} You should try tick charts. For example 1000tick or scalping 50-90 ticks. Or watching tick 1000 with entries on lower like 80tick. This would help with entries + stoploss. :o) SF
Will check it out later and see how it goes.
Exhausted
  • #688,390
  • Sep 27, 2022 5:57am Sep 27, 2022 5:57am
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...

LOL.... you are not crazy.... 'tis a very good philosophy to trade by. Never give the market anything back... if at all possible. But you have to have something to work with. Your 82 pips is working capital that preserves your balance.
  • #688,391
  • Sep 27, 2022 6:00am Sep 27, 2022 6:00am
Ready for the profits on long
WARNING: This post warps space and time in its vicinity.
  • #688,392
  • Sep 27, 2022 6:00am Sep 27, 2022 6:00am
...which way will it break? Notice the opposing 30min & 1hr candle closes

5min below
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Trader with an Edge.
  • #688,393
  • Sep 27, 2022 6:03am Sep 27, 2022 6:03am
Quoting PapaSmurf-fx
{quote} LOL.... you are not crazy.... 'tis a very good philosophy to trade by. Never give the market anything back... if at all possible. But you have to have something to work with. Your 82 pips is working capital that preserves your balance.
Thank you! Yes, if I can keep my account balance locked away and not at risk, then I'm happy.
I am neither brave nor stupid...I am just a part time trader
  • #688,394
  • Sep 27, 2022 6:03am Sep 27, 2022 6:03am
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Take note, be safe, cheers.
  • #688,395
  • Sep 27, 2022 6:07am Sep 27, 2022 6:07am
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Regard NOOR16
  • #688,396
  • Sep 27, 2022 6:10am Sep 27, 2022 6:10am
Quoting Indiara
{quote} Thank you! Yes, if I can keep my account balance locked away and not at risk, then I'm happy.
I think everyone do that. All realized profits become margin and risk for the next trade. We just need to know how to make use of that profit to make more profit(compounding effect), protect it and make maximum trade out of it!
More time in the market, does not mean you trade better!
  • #688,397
  • Sep 27, 2022 6:11am Sep 27, 2022 6:11am
Quoting lddd
{quote} Update. Just came back home after i placed my trade this afternoon. Honestly said, i didn't expect to find my self still in the trade. Typically 9 out of 10 attempts to hit such a top or bottom are losing. Today seems to be different. Unfortunately, it's only Monopoly money. {image}
Update:

Still in to win it even :-) Although I didn't have a specific goal with the trade and this is just demo i decided to move the SL to about break even last evening (well about +10 Pips "locked" in).

The broker or some other manipulating forces obviously had no interest so far in taking me out. Today it's moving only in one direction and that's up (easy to see after the fact).

What is the trend? On my M15 chart it looks like we are in an uptrend considering i am only looking back for the last 24 hours where my screen stops printing more candles. On a scale of M5 and M1 it looks like moving up and down at the same time with no direction. So "noise". On the Daily, Weekly, Monthly it looks like we are still in a downtrend.

Maybe there is no trend at all and price just moves up and down, sometimes for a bit longer in one direction. If you would look back and mark the high/low since GBP/USD first started trading it's then ranging all time right. So the "trend" needs to be put in relation to TIME is that the conclusion? Well..

Anyhow. I expect to be stopped out soon

M15 (where i took the trade from and moved my SL while having watched no other period)

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M5 (up, up, up, down, down, up down down, up "chaos only faster") Right now it looks like "consolidation" (which again you can easily spot after the fact)

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Daily (Not sure this validates as a "Bullish Pin Bar". If so i guess i should now BUY and place my stop just below the wick to the bottom of that last closed daily candle)

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  • #688,398
  • Sep 27, 2022 6:22am Sep 27, 2022 6:22am
My daily trade's complete. This trade's extra. Let's see if the price can fall or not. If the price goes up, I will add it to the Short
I think the price will return to the range of 1.06. If it reaches this range, I will either close or risk-free
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There is nothing wrong with being kind & loving to each other
  • #688,399
  • Sep 27, 2022 6:25am Sep 27, 2022 6:25am
yup let’s leave it for the news…
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  • #688,400
  • Sep 27, 2022 6:26am Sep 27, 2022 6:26am
Quoting WizardTrade
Ready for the profits on long
Yes Powell bro, bring the volatility we need.
WARNING: This post warps space and time in its vicinity.
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