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Cable Update (GBPUSD)

  • #689,341
  • Sep 29, 2022 1:05am Sep 29, 2022 1:05am
Morning all a good drop overnight so picked up a 100 pip trade. Still trading on pennies as opposed to £25 a pip.

Might go long but it’s heads vs tails here
Insane in the Brain..
  • #689,342
  • Sep 29, 2022 1:06am Sep 29, 2022 1:06am
I will call it a month if I get to 50% on the challenge account
WARNING: This post warps space and time in its vicinity.
  • #689,343
  • Sep 29, 2022 1:08am Sep 29, 2022 1:08am
Quoting Moty
{quote} wait for the next signal 288 is the slow heiken ashi and 15 is the fast {image} {file}
Just a suggestion: Indicators are a curse. Only naked charts are what are important. Use trendlines and fibo levels to enter and exit.
WARNING: This post warps space and time in its vicinity.
  • #689,344
  • Sep 29, 2022 1:10am Sep 29, 2022 1:10am
Quoting BeeTogether
Morning all a good drop overnight so picked up a 100 pip trade. Still trading on pennies as opposed to £25 a pip. Might go long but it’s heads vs tails here
Pennies can be a good way to trade as it doesn't make us scaredy cats. Sometimes it's good to trade with 0.01 lots too. If we have a winning day, tomorrow we can try with 0.02. If we have another good day, next time is 0.03. If we have a bad day, we can go back to yesterdays lot size. Is another way to have trades that don't scare us so that we don't do silly things
I am neither brave nor stupid...I am just a part time trader
  • #689,345
  • Sep 29, 2022 1:10am Sep 29, 2022 1:10am
Quoting Moty
{quote} wait for the next signal 288 is the slow heiken ashi and 15 is the fast {image} {file}
5m will be faster. 1440 minutes within 24 hours / 5 min=288
POSTMASTER
  • #689,346
  • Sep 29, 2022 1:11am Sep 29, 2022 1:11am
Price failing to go up so 1.069xx very much on the cards today
WARNING: This post warps space and time in its vicinity.
  • #689,347
  • Sep 29, 2022 1:14am Sep 29, 2022 1:14am
Quoting Indiara
{quote} Pennies can be a good way to trade as it doesn't make us scaredy cats. Sometimes it's good to trade with 0.01 lots too. If we have a winning day, tomorrow we can try with 0.02. If we have another good day, next time is 0.03. If we have a bad day, we can go back to yesterdays lot size. Is another way to have trades that don't scare us so that we don't do silly things
now you understand me
  • #689,348
  • Sep 29, 2022 1:16am Sep 29, 2022 1:16am
Long at 1.07738 . TP : 25P
I will add again if the price goes down
There is nothing wrong with being kind & loving to each other
  • #689,349
  • Sep 29, 2022 1:16am Sep 29, 2022 1:16am
Quoting BeeTogether
Morning all a good drop overnight so picked up a 100 pip trade. Still trading on pennies as opposed to £25 a pip. Might go long but it’s heads vs tails here
As long as you make percentages %%%%%, it doesn't matter if you trade pennies or pounds.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #689,350
  • Sep 29, 2022 1:17am Sep 29, 2022 1:17am
Quoting Moty
{quote} wait for the next signal 288 is the slow heiken ashi and 15 is the fast {image} {file}
96 on the 15m = 1440 min
POSTMASTER
  • #689,351
  • Sep 29, 2022 1:19am Sep 29, 2022 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 19 KB
  • #689,352
  • Sep 29, 2022 1:19am Sep 29, 2022 1:19am
Quoting Robinhood1
{quote} 96 on the 15m = 1440 min
Probably got some members studying now
POSTMASTER
  • #689,353
  • Sep 29, 2022 1:22am Sep 29, 2022 1:22am
Quoting Indiara
{quote} Pennies can be a good way to trade as it doesn't make us scaredy cats. Sometimes it's good to trade with 0.01 lots too. If we have a winning day, tomorrow we can try with 0.02. If we have another good day, next time is 0.03. If we have a bad day, we can go back to yesterdays lot size. Is another way to have trades that don't scare us so that we don't do silly things
You learn better if your trades have some inpact if you lose.
All gains should be measured in percentages, ie, i made 2% today and 6% yesterday.
Then it doesnt matter if you trade pennies or pounds.
Increasing trade size each day after a win., this is compounding and this is where you make your fortune.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #689,354
  • Sep 29, 2022 1:22am Sep 29, 2022 1:22am
Quoting BeeTogether
Morning all a good drop overnight so picked up a 100 pip trade. Still trading on pennies as opposed to £25 a pip. Might go long but it’s heads vs tails here
Pennies pounds doesn't matter as long as you have profit then you can compound your pennies into pounds....£25 a pip what sort of bank did you have? if you don't want to tell me I fully understand......Beeeeeee safe
  • #689,355
  • Sep 29, 2022 1:23am Sep 29, 2022 1:23am
Quoting Yngwie
Long 1.0764 SL 1.0740
Closed with some profits. Looking for short
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,356
  • Sep 29, 2022 1:26am Sep 29, 2022 1:26am
Quoting WizardTrade
{quote} Just a suggestion: Indicators are a curse. Only naked charts are what are important. Use trendlines and fibo levels to enter and exit.
LOL. I am at the other end if the spectrum. I often have the price bar display turned off until my indicators indicate a potential entry setup

The purpose of my main indicators is to SMOOTH THE VIEW to more readily examine the relationships on multiple TFs.
To free Gazans of Hamas, use whatever it takes.
  • #689,357
  • Sep 29, 2022 1:27am Sep 29, 2022 1:27am
Quoting billytt
{quote} You learn better if your trades have some inpact if you lose. All gains should be measured in percentages, ie, i made 2% today and 6% yesterday. Then it doesnt matter if you trade pennies or pounds. Increasing trade size each day after a win., this is compounding and this is where you make your fortune. Trade Well.
That's very true. If coming back from a margin call though, perhaps confidence has been hurt. To get confidence back it can be good to start again but start small and gradually increase lot size as confidence returns.
I am neither brave nor stupid...I am just a part time trader
  • #689,358
  • Sep 29, 2022 1:28am Sep 29, 2022 1:28am
half day trade..the position not much like yesterday..not focussed because check up on hospital..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220929_132631.png Size: 91 KB
  • #689,359
  • Sep 29, 2022 1:28am Sep 29, 2022 1:28am
Quoting DrDave
{quote} LOL. I am at the other end if the spectrum. I often have the price bar display turned off until my indicators indicate a potential entry setup The purpose of my main indicators is to SMOOTH THE VIEW to more readily examine the relationships on multiple TFs.
Well I can't negate the importance of indicators but they always ruin the newbies in trading. So the only best bet is price action
WARNING: This post warps space and time in its vicinity.
  • #689,360
  • Sep 29, 2022 1:31am Sep 29, 2022 1:31am
Quoting billytt
{quote} As long as you make percentages %%%%%, it doesn't matter if you trade pennies or pounds. Trade Well.
I think most people would agree that percentages don't smooth over losing 100% of $50,000 compared to losing 100% of 50,000 pennies.
To free Gazans of Hamas, use whatever it takes.
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