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Cable Update (GBPUSD)

  • #693,681
  • Oct 9, 2022 5:52am Oct 9, 2022 5:52am
Quoting TheWolf
{quote} BoJo was always acting like that kid who stole the candy but knew he could get away with it.
They are all geniuses or "genie eye" , to be shit at your job and get full pay pension until they died, wish I could do that ....
  • #693,682
  • Oct 9, 2022 5:54am Oct 9, 2022 5:54am
Quoting Waveskierrob
{quote} I love Truss even more entertaining than Bojo...
BoJo was fun
LT seriously confused
Cameron was fav of mine
  • #693,683
  • Oct 9, 2022 5:59am Oct 9, 2022 5:59am
Quoting Waveskierrob
{quote} They are all geniuses or "genie eye" , to be shit at your job and get full pay pension until they died, wish I could do that ....
And then we call THEM incapable..
Hahahah

Tragicomedy
  • #693,684
  • Oct 9, 2022 6:01am Oct 9, 2022 6:01am
Quoting Whale
{quote} Truth, all TF are up and probably on Monday price will kiss 1.5.
Hmm.. Possible, last day or an end of announced intervention period. Whales are round he corner, bankers on alarm, getting ready to fight back. Depends of who goes first. All eyes.
  • #693,685
  • Oct 9, 2022 6:04am Oct 9, 2022 6:04am
Currently playing Solitaire in solitude..
  • #693,686
  • Edited 6:19am Oct 9, 2022 6:04am | Edited 6:19am
Quoting TheWolf
{quote} Well, this is purely a consequence of covid. Everyone is itching to go out now when there are no restrictions anymore. I prefer seeing that many people, than not seeing anyone. That means they failed with covid and life continues to go as intended. Awesome! You didn't bore them with your thoughts on where Pound will be vs USD this week did you? Hihi
Not many know I trade, you do..
  • #693,687
  • Edited 6:34am Oct 9, 2022 6:18am | Edited 6:34am
Quoting BigNumbers
what a day... GBPUSD should find another leg.. a lower low of course. {image}
You've been noticed and rewarded. Congrats!
  • #693,688
  • Oct 9, 2022 6:29am Oct 9, 2022 6:29am
Quoting Jolita
{quote} You've been noticed and rewarded. Conrats!
Thanks Jolita...
My telegram: https://t.me/avidforex
  • #693,689
  • Oct 9, 2022 6:38am Oct 9, 2022 6:38am
Pat, what are your thoughts?
  • #693,690
  • Oct 9, 2022 7:06am Oct 9, 2022 7:06am
Quoting Pat Chiko
{quote} GU Not many want to discuss on how to get out on bad trades. 99% posted in FF is everyone makes profit.... really . I'm the only newbie in the world that loser() money on bad trades. Or most don't want to post bad trade or loser() as to protect one ego. Anyway....here how I get out my bad trades. I use averaging up. There are many ways to get out of bad trades. If we don't know how, the the final deal is Margin Call...... You may have diffrent method on how to handle bad trades or managing it to BE, please...
This is an educational post and no offense to you PAT as it can save others being burnt, people seeing your money while averaging in a leverage environment will burnt themselves, i had to post it.

That's how newbies like me seeing money fall into the trap but Not many will see this.

Me talking to myself, never hold a trade more than the % of equity one can bear the loss, and in my case it should be 3% of equity at any given time. no need to be a macho, how can i see a drawdown of 280pips [(2 positions*80pips=160) + (3 positions *40=120)]
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else this is inevitable.
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"Exchange of hands"
  • #693,691
  • Oct 9, 2022 7:16am Oct 9, 2022 7:16am
Quoting Jolita
Quoting bilal1947
{quote} Thank you Jolito ! The track was nice. I challenge myself sharing entries pinpoint and even where my SL gets hit. I will learn more. regards bilal[/quote Hi B,, thanks for sharing your trades, always clean and easy to read. Your SL is so tight, no way I could put this close on my trades, will be taken straight away, also spreadbetting has larger spreads then normal. I do like to practise amending to positive SL, then trade is safe and if closed, reentered at better level. Good trading to you. GnuS Cello player performance
...
I had to showcase it, so tags like hindsight and wanna be macho can no longer be valid. when entries are good SL can be tight, and risk management is the key .

I love instrumentals, you made him get 1 more loyal subscriber.
"Exchange of hands"
  • #693,692
  • Oct 9, 2022 7:34am Oct 9, 2022 7:34am
Quoting bilal1947
{quote}{quote} I had to showcase it, so tags like hindsight and wanna be macho can no longer be valid. when entries are good SL can be tight, and risk management is the key . I love instrumentals, you made him get 1 more loyal subscriber.
Identifying good entry points is a challenge, appreciate any and all suggestions that I could explore.
  • #693,693
  • Oct 9, 2022 7:42am Oct 9, 2022 7:42am
Quoting Pat Chiko
{quote} GU Not many want to discuss on how to get out on bad trades. 99% posted in FF is everyone makes profit.... really . I'm the only newbie in the world that loser() money on bad trades. Or most don't want to post bad trade or loser() as to protect one ego. Anyway....here how I get out my bad trades. I use averaging up. There are many ways to get out of bad trades. If we don't know how, the the final deal is Margin Call...... You may have diffrent method on how to handle bad trades or managing it to BE, please with me here....
Almost 99 % of trades are taken on averaging method.
While averaging I keep an eye 2 to 3 ℅ dd.


When the actual dd is less my turn out is more.
If my actual dd is 2 to 2.5 % my turnout is less or BE.
So averaging method is not unusual.
In addition I take high risk trades with tight stop.
Usually the turnout will be excellent, meaning risk/ reward is excellent.
Having said that there are days I loose out profits made due to greed.
I am now preparing my mindset up for daily percentage return.
Intraday only.
  • #693,694
  • Oct 9, 2022 7:51am Oct 9, 2022 7:51am
Quoting dantpm
{quote} Identifying good entry points is a challenge, appreciate any and all suggestions that I could explore.
My thoughts on this are too many for a post here so I’ve shared a link to Google Doc I recently updated.

The gist of it is to identify a strong trend and look for a SR flip on a pullback to enter with a tight stop loss, but to appreciate why this is such a good strategy you have to understand that this entry has good probability of succeeding relative to the risk/reward potential.

https://docs.google.com/document/d/1...MbunuL1LA/edit
  • #693,695
  • Oct 9, 2022 8:48am Oct 9, 2022 8:48am
Quoting dantpm
{quote} Identifying good entry points is a challenge, appreciate any and all suggestions that I could explore.
I always wonder why we fixate so much on a good entry when it's not the entry that we get paid on - it's the exit. You could have a random entry system and theoretically still make money as long as your money management and exits are good. But, I know what you mean. What you need is an edge in the market, so I refer you to this thread; (link below) to fully understand what one is and what you need to know about one, - either about the one you are using/think you are using, or one you are trying to develop. You also need to know what suits you re your own temperament/psychological make-up/tolerances etc - is it longer-term trading, scalping, intraday, swing trading, trend trading? etc etc... It's not quite as simple as saying can someone help me with entries. If you're gonna do this, you may as well do it right!

https://www.forexfactory.com/thread/...d-how-to-start?
Trader with an Edge.
  • #693,696
  • Oct 9, 2022 9:07am Oct 9, 2022 9:07am
Quoting Headland
{quote} I always wonder why we fixate so much on a good entry when it's not the entry that we get paid on - it's the exit. You could have a random entry system and theoretically still make money as long as your money management and exits are good. But, I know what you mean. What you need is an edge in the market, so I refer you to this thread; (link below) to fully understand what one is and what you need to know about one, - either about the one you are using/think you are using, or one you are trying to develop. You also need to know what suits...
.....
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  • #693,697
  • Oct 9, 2022 9:28am Oct 9, 2022 9:28am
Quoting Bainbrito
{quote} My thoughts on this are too many for a post here so I’ve shared a link to Google Doc I recently updated. The gist of it is to identify a strong trend and look for a SR flip on a pullback to enter with a tight stop loss, but to appreciate why this is such a good strategy you have to understand that this entry has good probability of succeeding relative to the risk/reward potential. https://docs.google.com/document/d/1...MbunuL1LA/edit
I attempted to download your document however, I am told I do not have access to the document.
  • #693,698
  • Oct 9, 2022 9:31am Oct 9, 2022 9:31am
Quoting Headland
{quote} I always wonder why we fixate so much on a good entry when it's not the entry that we get paid on - it's the exit. You could have a random entry system and theoretically still make money as long as your money management and exits are good. But, I know what you mean. What you need is an edge in the market, so I refer you to this thread; (link below) to fully understand what one is and what you need to know about one, - either about the one you are using/think you are using, or one you are trying to develop. You also need to know what suits...
I read your thread. While you talk about the concept of edges, you don't provide examples or places to look for examples, unless I missed a detail.
  • #693,699
  • Oct 9, 2022 9:38am Oct 9, 2022 9:38am
Quoting dantpm
{quote} I attempted to download your document however, I am told I do not have access to the document.
Ah, no worries, I have changed the access settings to allow anyone with a link to view
  • #693,700
  • Oct 9, 2022 9:45am Oct 9, 2022 9:45am
Next week I will short only

Reason ?
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