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Cable Update (GBPUSD)

  • #694,101
  • Oct 10, 2022 9:17am Oct 10, 2022 9:17am
Quoting MrFanciful
Worst day on record for me today. 112% loss. I've never blown an account in over 5 years. Done it twice in 3 days now.
It's simple ...you are well over leveraged, just that nothing else...sorry for you loss
  • #694,102
  • Oct 10, 2022 9:18am Oct 10, 2022 9:18am
I strictly risk 2% per trade
  • #694,103
  • Oct 10, 2022 9:23am Oct 10, 2022 9:23am
Nothing seems to be happening...
  • #694,104
  • Oct 10, 2022 9:23am Oct 10, 2022 9:23am
Quoting MrFanciful
I strictly risk 2% per trade
That's a lot of trades gone against you. Slippage or simply bad entries?
  • #694,105
  • Oct 10, 2022 9:23am Oct 10, 2022 9:23am
Quoting MrFanciful
I strictly risk 2% per trade
2% of your original bank?
  • #694,106
  • Oct 10, 2022 9:24am Oct 10, 2022 9:24am
Quoting MrFanciful
I strictly risk 2% per trade
what, youve had 55 trades in 3 days ??
  • #694,107
  • Oct 10, 2022 9:24am Oct 10, 2022 9:24am
Quoting MrFanciful
I strictly risk 2% per trade
Just take a rest 2 or 3 days. forget about forex. and you will come back with fresh idea.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #694,108
  • Oct 10, 2022 9:26am Oct 10, 2022 9:26am
Quoting Svetul4o
{quote} That's a lot of trades gone against you. Slippage or simply bad entries?
When I have an entry signal, which have been tons today as I use the 1 minute, it doesn't reach my TP, but always turns around and hits my SL.
  • #694,109
  • Oct 10, 2022 9:30am Oct 10, 2022 9:30am
Quoting MrFanciful
{quote} When I have an entry signal, which have been tons today as I use the 1 minute, it doesn't reach my TP, but always turns around and hits my SL.
...if you are keeping to the same lots size you are compounding your losses, so when you lose half your bank you are now risking 4% of your bank
  • #694,110
  • Oct 10, 2022 9:31am Oct 10, 2022 9:31am
Ouch!
  • #694,111
  • Oct 10, 2022 9:32am Oct 10, 2022 9:32am
Quoting Waveskierrob
{quote} ...if you are keeping to the same lots size you are compounding your losses, so when you lose half your bank you are now risking 4% of your bank
I adjust my lot size so I'm always ricking 2% of my balance
  • #694,112
  • Oct 10, 2022 9:33am Oct 10, 2022 9:33am
Quoting MrFanciful
{quote} When I have an entry signal, which have been tons today as I use the 1 minute, it doesn't reach my TP, but always turns around and hits my SL.
Hmm. It is a pretty useless range today.
  • #694,113
  • Oct 10, 2022 9:35am Oct 10, 2022 9:35am
I'll be going back to demo for the rest of them month, despite that most days I hit my daily target on that.
  • #694,114
  • Oct 10, 2022 9:35am Oct 10, 2022 9:35am
Quoting MrFanciful
I strictly risk 2% per trade
Risk management is where you planning to set stop loss?
Better is some pips extra from the peak or bot some room to run , prevent spike or false breakout ,
then you adjust your lot size to fit with that risk,
i think maybe you enter trade and set stop 2% from your entry,
that easy to give market hit and is kind of free money for market.
set the stop that where is when market reach there is prove your hypothesis wrong.
sry for my english.
hope you understand what i mean.
  • #694,115
  • Oct 10, 2022 9:36am Oct 10, 2022 9:36am
Quoting Svetul4o
{quote} Hmm. It is a pretty useless range today.
Thanks for trying to encourage. Today was very usefull for aa lot of people in that it wiped out people like me.
  • #694,116
  • Oct 10, 2022 9:36am Oct 10, 2022 9:36am
Quoting MrFanciful
{quote} I adjust my lot size so I'm always ricking 2% of my balance
ok so what's your Target and STOP LOSS
  • #694,117
  • Oct 10, 2022 9:42am Oct 10, 2022 9:42am
Quoting MrFanciful
{quote} Thanks for trying to encourage. Today was very usefull for aa lot of people in that it wiped out people like me.
I'm afraid it's just an average day, you shouldn't be getting anywhere near blowing banks, without you posting your live trades no one else can see where you are going wrong, perhaps when you go on demo post all of your trades only idiots will mock your trades but people willing to help won't...
  • #694,118
  • Oct 10, 2022 9:45am Oct 10, 2022 9:45am
Who's buying some Euro for a scalp?
I did at 9729.
TP is 9830.

Today is Monday I shouldn't be going against the flow. But I am allowed to hope.
  • #694,119
  • Oct 10, 2022 9:47am Oct 10, 2022 9:47am
Quoting Waveskierrob
{quote} I'm afraid it's just an average day, you shouldn't be getting anywhere near blowing banks, without you posting your live trades no one else can see where you are going wrong, perhaps when you go on demo post all of your trades only idiots will mock your trades but people willing to help won't...
Ditto what you said
  • #694,120
  • Edited 11:52am Oct 10, 2022 9:48am | Edited 11:52am
Gu long at 1.10262

Update: BE hit
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"Exchange of hands"
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