Cable Update (GBPUSD)

Quoting vulcann1

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{quote} Well the deal is that this forum has all types of traders! I am a Price action day trader using mainly the 15 min charts and go to the 1 minute charts when I see that the High of day or low of day are locked in. I call that the peak formation high or low. Anyway if somebody is trading on a larger time frame they can not see the smaller patterns so I can not help them understand my method, or my knowledge of the market! My mentor is Stacey Burke he has a you tube channel and I have studied him for over 2 years and that is when I became profitable....

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Quoting DrDave

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{quote} And of proper materials: Why are gypsies a dying culture? Because they have crystal balls.

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Quoting Waveskierrob

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{quote} Occupational hazard ...if you never lost I would be worried

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Quoting Moty

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waiting for the break {image} {image}

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Quoting PatienceFx

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cable struggling with that resistance for past 3 hours, does not make me comfortable {image}

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Quoting Indiara

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{quote} I try to put SL out of reach of the general movement of the market. Many people have SL too close and they hit often. Is not 'Stop Hunt' is poor placement of SL, imo. My hardest trade is the first one of the week because if I lose, I have to spend money from the account. This week (up until this trade) I had +66 pips to 'spend' on a SL and not touch the account if I lose. So I regard this weeks profit as 'disposable' and the account is not harmed. Of course now that I lost this disposable fund, I have to risk account money for the next trade,...

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Quoting dantpm

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{quote} It is starting to look like this may have flipped!

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Quoting Pat Chiko

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{quote} GU along the way, this moves needs Liquidity.... It need fuel to sustain it journey. Get more "cheap" order from discounted price. And this is the template of "MM" MO. Fast-paced market.. you can trade sleek animals with it but it won't work fine everyday. It will eat you alive in slow whipsaw (there was a fake sell signal few moments ago). This is how market trap both BUYER/SELLER... sleek moves {image}

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Quoting billytt

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{quote} Hi, i do not quite understand your question. I assume, if you only part trade with the trend, then you must also part trade against the trend.???? i assume if you trade with the weekly trend and follow it using a massive stop loss, i would assume everything will be good. My principle is, if you hold a trade over a long time you will earn X. But if you day trade/scalp re investing the winnings , you will make more than X. Trade well.

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Quoting elbert3

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{quote} {image}1 min now at BE but if playing higher lot value . 15 to 20 . Tp trade would of been great . I play it both ways hope it makes sense . Move pp when you think your ok

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Quoting DrDave

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{quote} I see that you are willing to part with ALL of your profits on a single trade. I think I mentioned to you that I risk only a portion of profits, so I would have to have several losses before I would have to be risking the initial investment.

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Quoting Bella.al

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{quote} I am currently +35 Pips as i write this Looking for my T/P 1.08843. {image}

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Quoting PatienceFx

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sold 1047 {image}

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