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Cable Update (GBPUSD)

  • #692,521
  • Oct 6, 2022 5:14am Oct 6, 2022 5:14am
Quoting Bryan5229
Simple price structure. A break and retest, let's see if today bears will still continue to reign with a target @1.1988. {image}
Added another sell, still targeting 1.1988.
Attached Image (click to enlarge)
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Plan your trades and trade your plan.
  • #692,522
  • Oct 6, 2022 5:14am Oct 6, 2022 5:14am
TP-ed all. I'm done!! See you at NYO later!
  • #692,523
  • Oct 6, 2022 5:16am Oct 6, 2022 5:16am
Quoting navk
well done navk {image}
why you didnt create trade explorer to follow your trading , plz
RedcaT 3003
25k Return This Week: na
  • #692,524
  • Oct 6, 2022 5:16am Oct 6, 2022 5:16am
another 35 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 15 KB
yes yes yes
  • #692,525
  • Oct 6, 2022 5:16am Oct 6, 2022 5:16am
Quoting Bryan5229
{quote} Added another sell, still targeting 1.1988. {image}
Your 1.1988 target makes no sense for a sell?
Trader with an Edge.
  • #692,526
  • Oct 6, 2022 5:17am Oct 6, 2022 5:17am
Quoting Pat Chiko
{quote} Hey Wolf, you're choking me with my long scalp position. I can't breath.... might as well you just bite me and I become Warewolf........ BTW... you've taken good short, unti you TP , it's still anybody money... Take care Wolf, and sharpen your fang...
Hahahah

Thanks Pat! You taught us how to scalp, so this win's on you buddy!
  • #692,527
  • Oct 6, 2022 5:19am Oct 6, 2022 5:19am
Quoting TheWolf
{quote} Hahahah Thanks Pat! You taught us how to scalp, so this win's on you buddy!
Bro finance part of our Short TP
More time in the market, does not mean you trade better!
  • #692,528
  • Oct 6, 2022 5:21am Oct 6, 2022 5:21am
Quoting Moty
Do you remember that I had 400 dollars after withdrawing 885 dollars and then because I got into bad trades I canceled the withdrawal? So since then I went down to a total of 800 and then I went up to 1220 and yesterday I went down to 840 again, then today the handle was caught and I closed all the transactions with a total balance of $1394, a profit of $110 on what I had at the beginning A total of $1952 profit from a $140 deposit yes yes yes !! now withdrawing 1000 $ every pair paid his debt , aussie gave...
you are king bro KING
  • #692,529
  • Oct 6, 2022 5:22am Oct 6, 2022 5:22am
Quoting Moty
Do you remember that I had 400 dollars after withdrawing 885 dollars and then because I got into bad trades I canceled the withdrawal? So since then I went down to a total of 800 and then I went up to 1220 and yesterday I went down to 840 again, then today the handle was caught and I closed all the transactions with a total balance of $1394, a profit of $110 on what I had at the beginning A total of $1952 profit from a $140 deposit yes yes yes !! now withdrawing 1000 $ every pair paid his debt , aussie gave...
Excellent. Bravo
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #692,530
  • Oct 6, 2022 5:23am Oct 6, 2022 5:23am
Pat Chiko mentioned that my timing of entry wasn't good a while ago, and he is correct. In the smoother market my plan of trading works well, but in this type of market, it needs help. The plan is still good, the direction is correct, the entry needs work though! I have been doing some reviews over the past hour and I think I see my problem and a possible cure for it. I will do some more reviewing before I make any more trades. I didn't lost any pips this week, but the gain was small. Entry is something that may help that.

Thank you Pat for mentioning this problem area that I must work on.

I am still happy though, and you all are a very nice group of people. Thank you all

I will go and buy my cat T Shirt tomorrow and this too will help my trading
I am neither brave nor stupid...I am just a part time trader
  • #692,531
  • Oct 6, 2022 5:23am Oct 6, 2022 5:23am
Quoting Moty
Do you remember that I had 400 dollars after withdrawing 885 dollars and then because I got into bad trades I canceled the withdrawal? So since then I went down to a total of 800 and then I went up to 1220 and yesterday I went down to 840 again, then today the handle was caught and I closed all the transactions with a total balance of $1394, a profit of $110 on what I had at the beginning A total of $1952 profit from a $140 deposit yes yes yes !! now withdrawing 1000 $ every pair paid his debt , aussie gave...
you trade very well
best wishes for you and your pocket
create trade explorer for helping other traders plz
RedcaT 3003
25k Return This Week: na
  • #692,532
  • Oct 6, 2022 5:27am Oct 6, 2022 5:27am
Quoting Indiara
I just had a look around at other GBY crosses, and they are all jumpy, like GU. I seem to have a lot of trouble with this kind of action, so I stay out. Other pairs, AU, NU etc are much smoother. I see GU jumped down now, but I can't see that. In my scaredy cat mind it could easily have jumped up. So jumpy action is hard for me still
No worries: I took out some of the money that you left in GU with a sell scalp.
To free Gazans of Hamas, use whatever it takes.
  • #692,533
  • Oct 6, 2022 5:27am Oct 6, 2022 5:27am
Quoting Headland
{quote} Your 1.1988 target makes no sense for a sell?
The reason I'm targeting that price level it's because this is 4hour swing (4hour is in control) and if this swing was to fail I would exit at the previous 30min chart swing low (1.12266) but until then I'm sticking to the original target. I'm planning all this based on basic market structure.
Plan your trades and trade your plan.
  • #692,534
  • Oct 6, 2022 5:30am Oct 6, 2022 5:30am
Quoting Moty
Do you remember that I had 400 dollars after withdrawing 885 dollars and then because I got into bad trades I canceled the withdrawal? So since then I went down to a total of 800 and then I went up to 1220 and yesterday I went down to 840 again, then today the handle was caught and I closed all the transactions with a total balance of $1394, a profit of $110 on what I had at the beginning A total of $1952 profit from a $140 deposit yes yes yes !! now withdrawing 1000 $ every pair paid his debt , aussie gave...
Moty, I'm not calling you a fraud (just to be clear), but you know, since you're telling such stories very often, load up a Trade Explorer, take screenshots and it's easyyyyyyyyyyyy.
  • #692,535
  • Oct 6, 2022 5:31am Oct 6, 2022 5:31am
Quoting Bryan5229
{quote} The reason I'm targeting that price level it's because this is 4hour swing (4hour is in control) and if this swing was to fail I would exit at the previous 30min chart swing low (1.12266) but until then I'm sticking to the original target. I'm planning all this based on basic market structure.
I assume you have sold below the dly/wkly downtrend pullback hi of 1.1495 that was achieved on Monday,? (ie the pullback from 1.0327 to 1.1495.) Actually yes - I just checked your screenshot on your post, the entries were. So how is a target of 1.1988 valid for a sell position (s) when it is above your entries? Or am I just not seeing something? Thanks.

Your screenshot on your post is below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB
Trader with an Edge.
  • #692,536
  • Oct 6, 2022 5:31am Oct 6, 2022 5:31am
Quoting Fardeen1209
{quote} Yup, i think so to The window of opportunity was quick yesterday, it is goin to eat up liquidity below {image} i will wait for 1hr candle close b4 long. Cause bias is short atm
EU needs to go red, so till then, we still have "safe" downside room.
  • #692,537
  • Oct 6, 2022 5:32am Oct 6, 2022 5:32am
I am suffering from severe PE , I mean premature Exit . can someone please guide me on how to deal with this? if I hold on to trade then the SL gets hits however whenever I TP a small profit.... it goes for a healthy run. Please help.
Success = Practice + Patience + Persistence
  • #692,538
  • Oct 6, 2022 5:33am Oct 6, 2022 5:33am
Quoting Indiara
I just had a look around at other GBY crosses, and they are all jumpy, like GU. I seem to have a lot of trouble with this kind of action, so I stay out. Other pairs, AU, NU etc are much smoother. I see GU jumped down now, but I can't see that. In my scaredy cat mind it could easily have jumped up. So jumpy action is hard for me still
jumpy action is hard for me still

That is why you have a stop loss. You decide how much money you are CONFORTABLE losing, figure the associated lot size/SL position and TP, then just let it do whatever it decides to do.

Sometimes the cat pounces on the mouse and it's quick success. Other times, the mouse puts up a struggle and the cat has to do some additional gymnastics to finally get the mouse. And occasionally, the mouse manages to run away.
To free Gazans of Hamas, use whatever it takes.
  • #692,539
  • Edited 7:27am Oct 6, 2022 5:34am | Edited 7:27am
Will be back in NY session.

But may not trade much.

We booked a movie ticket.

Attached Image (click to enlarge)
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Intraday only.
  • #692,540
  • Oct 6, 2022 5:36am Oct 6, 2022 5:36am
A total of $1952 profit from a $140 deposit

Excellent work. But just an idea... celebrate, for sure! But why not keep cool, withdraw a modest $280 (Your deposit plus %100), Then scale up your trading and trade with the $1672 in exactly the same way. Then when you get to $3904, withdraw $560, trade with the $3344... copy, paste, copy paste...

People blow up because they make big withdrawals and trade a small account. Keep cool and dream big. You will be amazed how much you can make
Emotional Control. Process, not outcome.
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