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Cable Update (GBPUSD)

  • #700,421
  • Oct 25, 2022 6:57am Oct 25, 2022 6:57am
Quoting MrFanciful
Today, for almost every trade I've taken, it's reversed and stopped me out
If your trading GU today, what size S/L are you using to keep getting stopped out ???
  • #700,422
  • Oct 25, 2022 6:58am Oct 25, 2022 6:58am
UJ

The chart look like UJ is officially dead...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,423
  • Oct 25, 2022 6:59am Oct 25, 2022 6:59am
Quoting buffedmage
{quote} learn form the losses, it helped me and helping ...never give up..
It's worst month on record. 1/6 of the losses made out of all of them from starting my account 16 months ago have been made in this month. Also my worst win/loss ratio on record
  • #700,424
  • Oct 25, 2022 7:00am Oct 25, 2022 7:00am
Quoting Pat Chiko
UJ The chart look like UJ is officially dead...{image}{image}
  • #700,425
  • Oct 25, 2022 7:02am Oct 25, 2022 7:02am
Quoting MrFanciful
{quote} It's worst month on record. 1/6 of the losses made out of all of them from starting my account 16 months ago have been made in this month. Also my worst win/loss ratio on record
before applying the strategy into tradng ,always backtest it..backtesting will give u the answers ,about how good your strategy , before you implement it
Blank and Empty
  • #700,426
  • Oct 25, 2022 7:03am Oct 25, 2022 7:03am
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mmmmmm
  • #700,427
  • Oct 25, 2022 7:05am Oct 25, 2022 7:05am
I need better psychology in order to achieve better than this win rate ( Close to 99 % ).

Trading system is 40 % + Risk management 40 % + Psychology 20 % for me.
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Intraday only.
  • #700,428
  • Oct 25, 2022 7:06am Oct 25, 2022 7:06am
watch 1306 and 1298 areas
  • #700,429
  • Oct 25, 2022 7:06am Oct 25, 2022 7:06am
Quoting buffedmage
{quote} before applying the strategy into tradng ,always backtest it..backtesting will give u the answers ,about how good your strategy , before you implement it
I backtest things to death and they work. I forward test them to death and they work. I screw it up with real money. I'm not over leveraged and I manage my risk. I just can't get it to work on live.
  • #700,430
  • Oct 25, 2022 7:06am Oct 25, 2022 7:06am
Quoting Pat Chiko
{quote} Past two days, GU is not exciting anymore. I feel bored and want to give up this pair. Liz Truss did well to excite the market. Time for me to move to trade other instrument. Thanks for the time and comment. Take care P/S If you have more than 1,080 hours in a video game, you've played it longer than Liz Truss was Prime Minister of the UK
Lizz Truss may of excited the markets but completely F##ked the UK and increased the ammount of all lower and middle class workers dept on their monthly budgets.
  • #700,431
  • Oct 25, 2022 7:07am Oct 25, 2022 7:07am
At the moment, I feel those bulls are like clowns trying to disturb to go below.

Now they're playing Little Red Riding Hood trick. The wolf is coming...

I dare not short for many times.

Now the bulls are at 1.13050 checkout counter.
  • #700,432
  • Oct 25, 2022 7:09am Oct 25, 2022 7:09am
Quoting Pat Chiko
{quote} We got to look deeper on what's coming......... Sunak’s task is impossible because of the constraints imposed on him and those he has chosen. And we will all pay an enormous price for that. If UK is to survive the mess it's in, there needs to be a paradigm shift & Sunak is too trapped in the current govt discourse to be able to manage it. {quote} There is no easy solution. Strong economies take decades to create, long term investment & higher tax probably required. Easy way out is he can just print as much money as he needs to solve all...
Or maybe after 45 days in office, Sunak will come to the same conclusion as Truss did and invoke The Truss Retirement Plan and live happily ever after.
To free Gazans of Hamas, use whatever it takes.
  • #700,433
  • Oct 25, 2022 7:10am Oct 25, 2022 7:10am
Quoting MrFanciful
{quote} I backtest things to death and they work. I forward test them to death and they work. I screw it up with real money. I'm not over leveraged and I manage my risk. I just can't get it to work on live.
So what is this telling you ....also how do you know you're not over leveraged as I think this could be your problem.....
  • #700,434
  • Oct 25, 2022 7:10am Oct 25, 2022 7:10am
Quoting MrFanciful
{quote} I backtest things to death and they work. I forward test them to death and they work. I screw it up with real money. I'm not over leveraged and I manage my risk. I just can't get it to work on live.
yep ,thats mainly because of the sentiment on real money and demo isnt the same..but charts are same , you just need to get confidence on your strategy which you folllowed in demo ,copy the same confidence level in real too , manage the risk , plan about the drawdowns ...its hard to say , since it is a series of experience , taht one will be facing as they flow with trading career .
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  • #700,435
  • Oct 25, 2022 7:12am Oct 25, 2022 7:12am
I can confirm if you guys wish, wait for short trades to come to you.

Do not panic. Maintain risk management.

The price will go down to test daily s1 today.

( Guys, this post is put to test your patience, not a confirmation, I should not have used words like confirm. )

And my system says, 1250/1220 ( on break of 1250 )

Safe target for today short trades 1250.

Stop loss ? Based on your risk management
Intraday only.
  • #700,436
  • Oct 25, 2022 7:12am Oct 25, 2022 7:12am
Quoting MrFanciful
{quote} I backtest things to death and they work. I forward test them to death and they work. I screw it up with real money. I'm not over leveraged and I manage my risk. I just can't get it to work on live.
Pretend real money is monopoly money then you may not screw up.
  • #700,437
  • Oct 25, 2022 7:13am Oct 25, 2022 7:13am
Quoting Pat Chiko
{quote} Now I miss Liz Truss,, really miss her. Look at the market, looking like zombies moving everywhere, but no where. UK must bring back Liz... as PM....{image}
I only care that it moves enough to reap profits without any care about where it travels as it moves. I have 37 pips banked today with both buying and selling.
To free Gazans of Hamas, use whatever it takes.
  • #700,438
  • Oct 25, 2022 7:13am Oct 25, 2022 7:13am
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might be early as I flipped into long before on 1 min chart
  • #700,439
  • Oct 25, 2022 7:17am Oct 25, 2022 7:17am
Quoting DrDave
{quote} I only care that it moves enough to reap profits without any care about where it travels as it moves. I have 37 pips banked today with both buying and selling.
That's how I think when I'm trading Dr Dave. I don't care where it goes, as long as it goes somewhere!

That's not a nice way to see the big picture because peoples well being is at risk, or might be at risk. But for the few hours that I can trade every day, I want the market to move somewhere....anywhere, as long as it moves!
I am neither brave nor stupid...I am just a part time trader
  • #700,440
  • Oct 25, 2022 7:17am Oct 25, 2022 7:17am
Quoting Pat Chiko
UJ The chart look like UJ is officially dead...{image}{image}
Call the ambulance!
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