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Cable Update (GBPUSD)

  • #692,801
  • Oct 6, 2022 9:54am Oct 6, 2022 9:54am
Quoting thevisitor
{quote} Moty, looks pretty bearish to me.. I may be wrong..
i like this last hourly candle
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yes yes yes
  • #692,802
  • Oct 6, 2022 9:55am Oct 6, 2022 9:55am
Quoting DrDave
{quote} I will add, "Set the SL less than or equal to the amount of money that you are comfortable with being flushed down the toilet".
good to be true, thank you.

what should be the comfortable loss per trade and how it shapes the Equity?

Loss per trade:
10% allows only 10 trades
5% allows only 20 trades
3% allows only 33 trades
1% allows only 100 trades

if you have to choose the comfortable one ! which one you will ?
"Exchange of hands"
  • #692,803
  • Oct 6, 2022 9:58am Oct 6, 2022 9:58am
Quoting Chris_35
{quote} Why do you think 1.05 possible again ???
I catch some hints from posts in this thread, just thinking maybe the 1.14 reversal is a favor for rich people that were being stuck upstairs. Normally, banks will help their VIP.

That means underwater range is supposed to be mainly at this time.

This is only idea bumps into my head.
  • #692,804
  • Oct 6, 2022 10:00am Oct 6, 2022 10:00am
It was not a good day. I took a position against the trend... We hope to count the chicken at the end of autumn
Do not get emotional when you gain or lose
  • #692,805
  • Oct 6, 2022 10:02am Oct 6, 2022 10:02am
Quoting Moty
{quote} i like this last hourly candle {image}
Mhhhhh..daily is in red..
  • #692,806
  • Oct 6, 2022 10:21am Oct 6, 2022 10:21am
Opening up the Subject please do respond who ever wants to for brainstorming.

why price dont go M30 Order block ? it is also a gap as good as H1 OB
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"Exchange of hands"
  • #692,807
  • Oct 6, 2022 10:22am Oct 6, 2022 10:22am
Quoting greenpips4
{quote} if you dont use SL, how do you manage your risk .. I am really curious please enlighten me Regards
I use a SL. But I use a large SL with small lot size.

First, I decide how many dollars that I am willing to part with on this trade if it goes completely wrong. Then, I look at the combination of lot size and actual SL position that yields that value. I look for the largest SL that I can possibly place to make an acceptable amount of profit with a chosen lot size. This results in nearly no losses, and a slow but steady climb in equity. As profits accumulate, I can scale up the lot size, resulting in an exponential growth curve in equity.

Unlike most traders, I don't look for a home run on every trade. I hardly ever look for a home run. I look for simple hits to get to first base, or even to get hit with the ball in order to get a walk to first base.

With the erratic and high volatility lately, I have cut my typical lot size in half, sometimes even less, so that I can use an even larger SL. I have been taking 2X the number of trades per day that I trade if the setups are there in order to compensate for the lot size reduction.
To free Gazans of Hamas, use whatever it takes.
  • #692,808
  • Oct 6, 2022 10:23am Oct 6, 2022 10:23am
Quoting Georginson
{quote} Third and last buy 1.1133... all target now 1.1206
Two buy trades closed at 1.1166... + 33 pips and minus 7 pips... Only one buy from 1.1200 left open...
Data + Stat + Risk/Emotions Management
  • #692,809
  • Oct 6, 2022 10:24am Oct 6, 2022 10:24am
Quoting ForexGoose
It might turn more bearish on the hourly chart today, I will wait to sell after the NY stock market open. {image}
I will add more sell orders if the price gets under 1.10.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #692,810
  • Oct 6, 2022 10:24am Oct 6, 2022 10:24am
Quoting Pat Chiko
{quote} GOLD Price bounce up from liquidity sweep zone. Spike to take out buyer stop, as Gold is well known for spikes.{image} GU {quote} Still underwater. Took trade on SRF zone, but price didn't hold. Took the SL lower giving another chance for retrieval. If failed, the SL taken out with no mercy{image}

GOLD
Stopped out an re enter H4OB
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GU
Stopped out.
No more entry for today.
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I trade with Stop Loss.
It's just Good practice to use stop loss. It's individual choice to justify using it or not.
We will get a trade that does NOT come back and we will have to close with Major losses OR have to wait weeks or months for it to return.
ALL that time waiting could have been spent making more money trading. Using the available leverage entering the trades.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,811
  • Oct 6, 2022 10:25am Oct 6, 2022 10:25am
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  • #692,812
  • Oct 6, 2022 10:25am Oct 6, 2022 10:25am
For people STILL trading!

1st possible R at 1.1186


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  • #692,813
  • Oct 6, 2022 10:30am Oct 6, 2022 10:30am
Quoting bilal1947
{quote} good to be true, thank you. what should be the comfortable loss per trade and how it shapes the Equity? Loss per trade: 10% allows only 10 trades 5% allows only 20 trades 3% allows only 33 trades 1% allows only 100 trades if you have to choose the comfortable one ! which one you will ?
what should be the comfortable loss per trade and how it shapes the Equity?
No one but you has that answer. I know what it is for me, and it changes as my profits grow. Unlike most people, I am not concerned about some percentage of my total account to put a risk, but rather focus on the amount of my realized profits that I am willing to give back. With a new account, I am forced to risk a portion of the initial capital because there is no profit yet. But after a specified amount of profit is accumulated, I never risk any of the initial deposit again, but risk only a portion of the profits.
To free Gazans of Hamas, use whatever it takes.
  • #692,814
  • Oct 6, 2022 10:31am Oct 6, 2022 10:31am
Quoting TheWolf
For people STILL trading! 1st possible R at 1.1186 {image}
check week open & last week high
  • #692,815
  • Oct 6, 2022 10:31am Oct 6, 2022 10:31am
Quoting Pat Chiko
{quote} GOLD Price bounce up from liquidity sweep zone. Spike to take out buyer stop, as Gold is well known for spikes.{image} GU {quote} Still underwater. Took trade on SRF zone, but price didn't hold. Took the SL lower giving another chance for retrieval. If failed, the SL taken out with no mercy{image}
Thanks for your live trades and updates Pat, let's all post live as it's the only posts that have any value...
  • #692,816
  • Oct 6, 2022 10:32am Oct 6, 2022 10:32am
Quoting Georginson
{quote} Two buy trades closed at 1.1166... + 33 pips and minus 7 pips... Only one buy from 1.1200 left open...
Im expecting a bounce to 1.1240 so the remaining buy trade will target that area and if it drops again, I have saved margin to buy lower.
Data + Stat + Risk/Emotions Management
  • #692,817
  • Oct 6, 2022 10:32am Oct 6, 2022 10:32am
Quoting PatienceFx
{quote} check week open & last week high
and
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  • #692,818
  • Oct 6, 2022 10:35am Oct 6, 2022 10:35am
GU

Looking at GU structure has broken to the down side with the H4STL broken on 5th Oct.
Tomorrow with heavy RED data release/NFP, will it bring GU down to fill up the LQ GAP.

Any comment welcome.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,819
  • Oct 6, 2022 10:35am Oct 6, 2022 10:35am
Quoting DrDave
{quote} what should be the comfortable loss per trade and how it shapes the Equity? No one but you has that answer. I know what it is for me, and it changes as my profits grow. Unlike most people, I am not concerned about some percentage of my total account to put a risk, but rather focus on the amount of my realized profits that I am willing to give back. With a new account, I am forced to risk a portion of the initial capital because there is no profit yet. But after a specified amount of profit is accumulated, I never risk any of the initial...
Great post !
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"Exchange of hands"
  • #692,820
  • Oct 6, 2022 10:38am Oct 6, 2022 10:38am
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