More time in the market, does not mean you trade better!
Cable Update (GBPUSD)
- #692,821
- Oct 6, 2022 10:39am Oct 6, 2022 10:39am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
- #692,823
- Oct 6, 2022 10:42am Oct 6, 2022 10:42am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
More time in the market, does not mean you trade better!
- #692,825
- Oct 6, 2022 10:49am Oct 6, 2022 10:49am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
WARNING: This post warps space and time in its vicinity.
- #692,826
- Oct 6, 2022 10:50am Oct 6, 2022 10:50am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} Cancelled the withdrawal again.
fell asleep and got up to minus 200 dollars,
I canceled the withdrawal and added orders and it continued to go against me and
I already fell into minus 500 dollars,
then I added two last orders exactly on the support for the aussie,
and from there I flew back to the $1417 area with a balance and again withdrew $1000
Let's hope that in the morning the Packers will process my request in the morning
yes yes yes
- #692,827
- Oct 6, 2022 10:51am Oct 6, 2022 10:51am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
I saw people bragging with buys and kinda insulting those who were selling. See where price is at now? Humility is needed in this business.
Few understand this.
Just because they are buying does not mean you should buy also
Or
They should buying because you are buying!
Everybody here is trading according to their plan.
More time in the market, does not mean you trade better!
- #692,828
- Oct 6, 2022 10:52am Oct 6, 2022 10:52am
- Joined Dec 2013 | Status: Trader | 19,815 Posts | Online Now
- #692,829
- Oct 6, 2022 10:55am Oct 6, 2022 10:55am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Thanks for your live trades and updates Pat, let's all post live as it's the only posts that have any value...
Some traders not willing to share "Live Trades", as it may affect their reputation.
Rather putting up live trade, or making trade calls, they prefer to show "hind sight" post trade chart.
In the cleverness of hindsight, things look so easy and one can look smarter in their trades.
We all know 20/20 hindsight is always perfect...
Its just that knowing how markets work and what moves them simply does not permit me to believe that a series of numbers can predict what will happen next to any degree of accuracy.
As one would expect, in hindsight it was plain to see (provided you know when the sequence reversed or continue) but in real time there was no practical application, benefit.
There are one or two others (Elliot waves etc) which all try and make something out of nothing, but I have yet to see something real and tangible that is based on sound logic.
Since it is called HINDSIGHT and no way can we have "FORESIGHT"...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #692,830
- Oct 6, 2022 10:55am Oct 6, 2022 10:55am
- Joined Dec 2013 | Status: Trader | 19,815 Posts | Online Now
I'm in this club... {quote} {quote} {quote} {quote} {image} {image}
regards E
- #692,831
- Oct 6, 2022 10:58am Oct 6, 2022 10:58am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
Long GU 1.1181
65+ pips
"Exchange of hands"
- #692,832
- Oct 6, 2022 10:58am Oct 6, 2022 10:58am
- Joined Dec 2013 | Status: Trader | 19,815 Posts | Online Now
this line 1.118 might be more the number to go on . E
- #692,834
- Oct 6, 2022 11:03am Oct 6, 2022 11:03am
- Joined May 2022 | Status: I'm Done | 2,577 Posts
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. {image}
Also expect Non-Farm to roll out bringing USD the glory again. At what price Pound will crash to, I don't know, hard to tell.
Why do I expect the price to drop even more? 4H chart doesn't look right. The sell is still not over.
Another thing why is because my system tells me so.
The last thing why I think the price will drop tommorow is because they had chance to test 1.17 but they didn't. This tells me they are not yet ready for a reversal!
1.17 is already a scary number. If 1.17 breaks down, I don't think we'll witness Pound at 1.03 is the near future, if ever again..
Why I bring 1.17, well because if they wanted the price to get to 1.17 they wouldn't have had the price crashing today. Now, the price is too far, even from 1.15, let alone 1.17.
So ih short, tommorow, Pound down! We'll see before NYO where the price is and what the shorter TF's are telling me.
- #692,835
- Oct 6, 2022 11:04am Oct 6, 2022 11:04am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
{quote} I have yet to see something real and tangible that is based on sound logic. Since it is called HINDSIGHT and no way can we have "FORESIGHT"...
, not hindsight when i am not 
yet i am a student, if you have a course for me i will join you "Exchange of hands"
- #692,839
- Oct 6, 2022 11:10am Oct 6, 2022 11:10am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
HEDGING
Just want to understand how hedging works
Note : I never hedge, I only use Stop Loss or/and Averaging Up. ( adding more position)
Assuming buyer keep on accumulating rising (on the left) still holding position.
How they can hedge position now ?.
As time goes, their balance is depleting and if not careful, all will be gone.
Chart Below on GU. 
I see price may want to fill up all gap below, as structurally has broken to the bear side now.
Last two day saw bear moved 365 pips, with tomorrow NFP, this may go down another 300 pips
Anyone can share, how and what to look for in hedging are welcome to share their view.
Thank you
Just want to understand how hedging works
Note : I never hedge, I only use Stop Loss or/and Averaging Up. ( adding more position)
Assuming buyer keep on accumulating rising (on the left) still holding position.
How they can hedge position now ?.
As time goes, their balance is depleting and if not careful, all will be gone.
Chart Below on GU.
I see price may want to fill up all gap below, as structurally has broken to the bear side now.
Last two day saw bear moved 365 pips, with tomorrow NFP, this may go down another 300 pips
Anyone can share, how and what to look for in hedging are welcome to share their view.
Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #692,840
- Oct 6, 2022 11:11am Oct 6, 2022 11:11am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes