Cable Update (GBPUSD) | Page 35013 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #700,241
  • Oct 25, 2022 12:52am Oct 25, 2022 12:52am
Quoting navk
{quote} Copying in any manner, checking your our own analysis with others too are wrong. I might analyze keeping in mind 1.15 target. Some one else will do the same keeping in mind 1.14 short term target. Others will have bearish bias looking for 1.12 or 1.1150 target. In the end, our analysis will match with some one else's analysis. What matters here is stop which one allows, or the TP one allows. If you want to book ur profit at 1.14 being short term trader. Another one will like to book profit at 1.15 being weekly trader... or other. if 1.14...
Unless you dig into the analysis and results to identify what happened, why it happened and what you can do to be more effective / profitable the next time. Hell you might want to only try for a 1.1 book profit and figure that is acceptable!
  • #700,242
  • Oct 25, 2022 12:54am Oct 25, 2022 12:54am
Hello friends.....I hope you all had a wonderful NY and Tokyo session. I looked back at Tokyo session and I didn't see much, but I don't know about other pairs.

Yesterday I fell into the trap of talking too much (again) and not concentrating on my charts. I will focus better today
I am neither brave nor stupid...I am just a part time trader
  • #700,243
  • Oct 25, 2022 12:55am Oct 25, 2022 12:55am
See my trades today in asia.

I took short trades on swing high in asia. This is based on short bias i posted earlier.

I booked my profits at 1.2991. Now the fell to 1.2976.

This is my risk / reward appetite. I do not need to blame any one for this.

Others need not have the same.
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 18 KB
Intraday only.
  • #700,244
  • Oct 25, 2022 12:55am Oct 25, 2022 12:55am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 22 KB
  • #700,245
  • Oct 25, 2022 12:56am Oct 25, 2022 12:56am
Quoting navk
{quote} I am totally against following trade calls. This is simple copy trade. You have every chance of blame if the calls go wrong. + If you book 20 dollars profit instead of 100 dollar profit. Even short term/ long term bias... copying, I am against. Somewhat ok, I agree. Becuase, at the end the trader will manage risk. It is his responsibility. Just try to do your own analysis, if want to help others, help.
You have said this in the past and I and several others respect your choice. You also indicated that you would explain your strategy in more detail. I for one followed a link you recommended. Somehow there isn't enough information available yet to understand the system that you are using, at least for my ability to grasp the information.
  • #700,246
  • Oct 25, 2022 12:58am Oct 25, 2022 12:58am
Quoting dantpm
{quote} You have said this in the past and I and several others respect your choice. You also indicated that you would explain your strategy in more detail. I for one followed a link you recommended. Somehow there isn't enough information available yet to understand the system that you are using, at least for my ability to grasp the information.
That system is generally good.

Just try to read the rules in detail.
Intraday only.
  • #700,247
  • Oct 25, 2022 12:59am Oct 25, 2022 12:59am
Quoting buffedmage
{quote} during in this processs of exploring he makes , several mistake blows his account.. its just like - you cant learn swimming , without overcoming the fear of water
as you can see my Explorer , im making losss , i suck in trading ,,im neither a good trader too , but those losses taught me and always teaching me what not to commit mistakes on future trades...thats the learning process..i would say for all newbies..avoid fear of making losses ,it gives u chance to progress further
Blank and Empty
  • #700,248
  • Oct 25, 2022 1:07am Oct 25, 2022 1:07am
Quoting buffedmage
{quote} as you can see my Explorer , im making losss , i suck in trading ,,im neither a good trader too , but those losses taught me and always teaching me what not to commit mistakes on future trades...thats the learning process..i would say for all newbies..avoid fear of making losses ,it gives u chance to progress further
No one on earth start as good trader.

Every one blows the account, trust me.

Copying others trade is not a solution.

When I started to trade , it with 200 ema, 50 ema, 20 ema system.

Lots of changes since then.

The most important things to consider :

1) Are you scalper ?

2 ) Are you day trader ?

3 ) Are you medium term trader ?

4 ) Are you long term trader ?

Decide on this.

If you are scalper, look for some pips as profit...some days 20 pips, some time 200 pips.

How long you keep the loosing trade if you are a SCALPER ?

You decide on these things
Intraday only.
  • #700,249
  • Oct 25, 2022 1:08am Oct 25, 2022 1:08am
Quoting buffedmage
{quote} as you can see my Explorer , im making losss , i suck in trading ,,im neither a good trader too , but those losses taught me and always teaching me what not to commit mistakes on future trades...thats the learning process..i would say for all newbies..avoid fear of making losses ,it gives u chance to progress further
i dont know if this works for others , these practises works for me ..and i always prefer one to trading based on his own style , own style - own decsion- own mistakes -own learning
Blank and Empty
  • #700,250
  • Oct 25, 2022 1:09am Oct 25, 2022 1:09am
Quoting navk
{quote} No one on earth start as good trader. Every one blows the account, trust me. Copying others trade is not a solution. When I started to trade , it with 200 ema, 50 ema, 20 ema system. Lots of changes since then. The most important things to consider : 1) Are you scalper ? 2 ) Are you day trader ? 3 ) Are you medium term trader ? 4 ) Are you long term trader ? Decide on this. If you are scalper, look for some pips as profit...some days 20 pips, some time 200 pips. How long you keep the loosing trade if you are a SCALPER ? You decide on these...
So true
--- only constant in this world is change ---
  • #700,251
  • Oct 25, 2022 1:09am Oct 25, 2022 1:09am
Quoting navk
{quote} No one on earth start as good trader. Every one blows the account, trust me. Copying others trade is not a solution. When I started to trade , it with 200 ema, 50 ema, 20 ema system. Lots of changes since then. The most important things to consider : 1) Are you scalper ? 2 ) Are you day trader ? 3 ) Are you medium term trader ? 4 ) Are you long term trader ? Decide on this. If you are scalper, look for some pips as profit...some days 20 pips, some time 200 pips. How long you keep the loosing trade if you are a SCALPER ? You decide on these...
perfect
Blank and Empty
  • #700,252
  • Oct 25, 2022 1:10am Oct 25, 2022 1:10am
Quoting navk
{quote} I am totally against following trade calls. This is simple copy trade. You have every chance of blame if the calls go wrong. + If you book 20 dollars profit instead of 100 dollar profit. Even short term/ long term bias... copying, I am against. Somewhat ok, I agree. Becuase, at the end the trader will manage risk. It is his responsibility. Just try to do your own analysis, if want to help others, help.
it is easier for many people to copy.
It is good for lazy people.
BUT, if a person needs advice about new car, they visit a showroom, a house they visit estate agent, investment visit a bank etc.
The same can be said about copying trades.
We do have a few good traders on FF but not many.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,253
  • Oct 25, 2022 1:11am Oct 25, 2022 1:11am
On the USDX, both the 1 hr and 4 hr candles are fairly bullish for the index, which means GU, EU and so on under pressure to drop correct?
  • #700,254
  • Oct 25, 2022 1:12am Oct 25, 2022 1:12am
Quoting Indiara
Hello friends.....I hope you all had a wonderful NY and Tokyo session. I looked back at Tokyo session and I didn't see much, but I don't know about other pairs. Yesterday I fell into the trap of talking too much (again) and not concentrating on my charts. I will focus better today
Hi, i stuck 2 charts in here page 700126.
I will do the same later when my 08-00 to 08-15 minute bar closes UK time.
My bias is already short for now.
Trade well.


edit. i changed the page No
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,255
  • Oct 25, 2022 1:15am Oct 25, 2022 1:15am
Quoting billytt
{quote} Hi, i stuck 2 charts in here page 700128. I will do the same later when my 08-00 to 08-15 minute bar closes UK time. My bias is already short for now. Trade well.
I believe you stuck your charts on post 700126.
  • #700,256
  • Oct 25, 2022 1:16am Oct 25, 2022 1:16am
Quoting buffedmage
{quote} Relax, he is not copying your trades just making fun around here to teach people they are wrong by making others to feel guilty.. He got his own strategy of making money. Just don't mind him... You did nothing wrong, to apologize.. Everyone make mistakes, we gotta have respect for fellow traders, as only we understand how hard the trading would be.. We here just to share our opinion not signals ..and not here to prove about anything to anyone
....TROUBLEMAKER
  • #700,257
  • Oct 25, 2022 1:16am Oct 25, 2022 1:16am
Quoting billytt
{quote} it is easier for many people to copy. It is good for lazy people. BUT, if a person needs advice about new car, they visit a showroom, a house they visit estate agent, investment visit a bank etc. The same can be said about copying trades. We do have a few good traders on FF but not many.
I agree.

We do have good traders here.

I see PAT, I see George, I see Coreg.

They are few examples.

But remember... they are good at their own way of trading.

I have 1k account, the result of this can never match with Pat for example.

T his is what I wanted to point out.

Those whose account is big... they know how to manage risk.

Account with 1k... end up blowing the account.
Intraday only.
  • #700,258
  • Oct 25, 2022 1:18am Oct 25, 2022 1:18am
Quoting billytt
{quote} Hi, i stuck 2 charts in here page 700128. I will do the same later when my 08-00 to 08-15 minute bar closes UK time. My bias is already short for now. Trade well.
Thank you billytt....this is so valuable and appreciated. I will be spending a lot of time investigating these candles and breakouts
I am neither brave nor stupid...I am just a part time trader
  • #700,259
  • Oct 25, 2022 1:20am Oct 25, 2022 1:20am
Quoting dantpm
{quote} I believe you stuck your charts on post 700126.
Thank you, you are correct.
Call it slippage.lol.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,260
  • Oct 25, 2022 1:20am Oct 25, 2022 1:20am
In a simple manner, I put it :

My account is 1k, PAT Account 500k. ( Excuse me Pat for opening out your account size )

I just can not copy trade PAT.
His risk appetite is different than mine.

My trades can never match with PAT's.
Intraday only.
1,361 traders viewing now, 1 is registered:
mwanikijohn