Cable Update (GBPUSD)

Quoting DrDave

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{quote} 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.

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Quoting tenkanzen

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{quote} EU needs to go red, so till then, we still have "safe" downside room.

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Quoting Moty

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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...

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Quoting Konichiwhaat

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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

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Quoting fxpider

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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.

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Quoting suhas316

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30 min chart... looking bearish now {image}

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Quoting Fardeen1209

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{quote} EU sits strongly at a RSF Setup on 4hr TF atm. Agreed it will drag GU more to the down it it goes down

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Quoting Mitiblotch

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Short 1311. TP 1210 and maybe below.

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Quoting navk

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Will be back in NY session. But may not trade much. We booked a movie ticket. {image}

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Quoting tenkanzen

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{quote} {image}

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Quoting tenkanzen

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{quote} Some things are great if it is tight. You might want to loosen your SL, especially on volatile pairs. You cannot apply the same SL to Cable as to say, USD/CAD.

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Quoting billytt

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{quote} withdraw to make it worthwhile and compound the trades to death.

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Quoting Headland

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{quote} 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 {image}

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Quoting Bryan5229

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{quote} I took these trades today, you can check my previous posts. I either take profit at pullback failures or I just let price hit the target if the momentum is still relative on smaller timeframe.

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Quoting BeeTogether

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{quote} good man! What you going to watch?

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Quoting Indiara

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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...

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Quoting Georginson

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{quote} Exited at 1.1322. +10 pips.. I'm not comfortable with this PA... I will sell at 1.1450 or buy at 1.1180

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Quoting Headland

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{quote} Last attempt, your 1.1988 target per your post is above your entries - per your post, which for short/sell positions would mean a loss! Anyways, no answer required/expected. Good luck. Your screenshot per your post is below, showing your sell entries, that are below your 1.1988 target. {image}

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Quoting navk

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{quote} A historical Movie. Named " Ponniyin Selvan " Written by a Famous writer, called Kalki in a Magazine between 1950 and 1954. About chola kingdom 1000 yrs ago. Now a Director called " Mani Ratnam " had courage to make this as a movie in all Indian Languages. The movie is doing very well around the Globe including USA, Canada, Singapore, Australia, NZ etc. https://youtu.be/D4qAQYlgZQs

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