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cable short for gbpusd? 6 replies
Disliked{quote} Morning Bird, In this scenario I would SHORT again no TP no SL and still have 1x LONG with TP no SL, then close SHORTS x 3 at BE or you can let them run until the 3x SHORTS are in the profit that matches the loss on your LONG, this is just one option, hence why I say play around with it and ask yourself the question "what would I do", some of my trades go on for months however I always making money hedging, P/L is always in the red something you will have to get use to believe me it's hard to get your head around it at first but you do get...Ignored
Disliked{quote} SOLD at EMA10, TP 100 pips = 1.1200 SL -23 pips will protect at +50 {image}Ignored
Disliked{quote} Yes, this is a bad habit of mine, to not take what's on offer to me, even though I know I should. I'm trying to get this into my tiny brain, and I will keep tryingIgnored
Disliked{quote} valuable info, thank you. so that also means that you need a long breath, so the leverage should be very low. what is your edge? only hedging or also market knowledge like price action?Ignored
Disliked{quote} Same I have the same problem, sometimes I expect too much and overstretched my tp areas. 30% of my losses are mainly due to this. Couldve just taken 15 pips and run but I wanted to wait for 20 pips ended up reversal in less than 5 mins.Ignored
Disliked{quote} I took an exit a few pips early again as the Pivot is still strong. +23 more for the account{image}
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Disliked{quote} Have long reply for you. Will reply probably tomorrow asian session. Now, Frankfurt opened. Let us trade seriously.Ignored
Disliked{quote} I don’t really use SLs unless I’m protecting a trade. The logic is simple great US data yesterday could lead to a higher rate rise which is stronger USD. No UK data , the potential u-turn in mini budget and also BoE stopping the bond buying adds to GBP uncertainty. Therefore overall GU should be going and definitely not going up like it did yesterday by over 250 pipsIgnored
DislikedUp down 40 pips in 45 mins. Hmmm.... Would've entered but since I missed it, I'll just wait and see.Ignored
Disliked{quote} valuable info, thank you. so that also means that you need a long breath, so the leverage should be very low. what is your edge? only hedging or also market knowledge like price action?Ignored
DislikedT 08-55 UK TIME. Cable 15 minute chart just copied. once price enters back into that 08-00 to 08-15 15 minute range. You can still trade the breakout again. my bias is still short. This can still fail. i am not trading it as i have already got my %%% . just saying. {image}t 08-57Ignored
Disliked{quote} Yea as I said $100,000 bank I would only trade $1 each trade, my edge, hedging, averaging out and most of all patience, having a big bank with small lots helps with this, no market knowledge no price action for me, all I concentrate on when I open that first trade is to get that trade into profit, not say saying you can't use your own system (although it does give you a bias), I'm in it for the money not being able to predict...Ignored
Disliked{quote} GU - Live Trade Only Wait for the price to come to you. The N3@DOP{image}Ignored