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Cable Update (GBPUSD)

  • #703,481
  • Nov 3, 2022 11:30am Nov 3, 2022 11:30am
Quoting cchin
Sometimes, it worths posting looooosing trade, so we got our expectation well anchored, at 2%. Realistically. Let's see how long does it take to return to 1.16. If it takes 1 day to drop 400 points, then going back up takes at least 4 days, may be 4 weeks. Nothing dramatic. It's just part of the game. {image} {image}
Sorry, i call it suicide...or demo
  • #703,482
  • Nov 3, 2022 11:31am Nov 3, 2022 11:31am
sell 1175 buy 1195, one cancels the other, ad infinitum, ad nausea
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,483
  • Nov 3, 2022 11:32am Nov 3, 2022 11:32am
Quoting cchin
Sometimes, it worths posting looooosing trade, so we got our expectation well anchored, at 2%. Realistically. Let's see how long does it take to return to 1.16. If it takes 1 day to drop 400 points, then going back up takes at least 4 days, may be 4 weeks. Nothing dramatic. It's just part of the game. {image} {image}
It is worth while to post a losing trade but hey no there are so many losing trades and it is not wise to stay in losing trades like that this is not the heart of trading and averaging on losing trades is not i echo, anyhow it is you to decide whether do you want to be right? (price to go high as you want) or you want to be at peace/happy?

May price go higher even faster than as it comes down.

Good luck and good trading
regards
bilal
"Exchange of hands"
  • #703,484
  • Nov 3, 2022 11:32am Nov 3, 2022 11:32am
I feel happy prices are respecting all my levels.

1.11111 is the key level.. Gravitational Fall
My telegram: https://t.me/avidforex
  • #703,485
  • Nov 3, 2022 11:36am Nov 3, 2022 11:36am
Quoting TheWolf
YES!! I managed to enter short exactly at 1.12000. Thy quest for 1200 pips begins now! {image}
Good luck
"Exchange of hands"
  • #703,486
  • Nov 3, 2022 11:39am Nov 3, 2022 11:39am
Quoting BigNumbers
I feel happy prices are respecting all my levels. 1.11111 is the key level.. Gravitational Fall
!happy together !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,487
  • Edited 11:57am Nov 3, 2022 11:44am | Edited 11:57am
Target 1,10360 +/- 530

between 1,10890 and 1,09830
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  • #703,488
  • Nov 3, 2022 11:47am Nov 3, 2022 11:47am
Quoting cchin
Sometimes, it worths posting looooosing trade, so we got our expectation well anchored, at 2%. Realistically. Let's see how long does it take to return to 1.16. If it takes 1 day to drop 400 points, then going back up takes at least 4 days, may be 4 weeks. Nothing dramatic. It's just part of the game. {image} {image}
And because it does go back, is why I hold my nerve if on wrong side of trade. If I need to I will hedge but given time your pips will turn green. If you really panic the its most likely that your M/M is not being used correctly. Good luck
  • #703,489
  • Nov 3, 2022 11:48am Nov 3, 2022 11:48am
Quoting TheWolf
{quote} I never traded on the 5M Chart..damn, this looks so easy.. But Range on 5M Chart is going to destroy you.. It's known to confirms buy and sell 25 times when price is ranging LoL.. total wipeout of account. Disaster..
have a look at my very informative post
Quoting mtako
{quote} Anddddd thats exactly what it was.... And this was me in the old times when ranging heaven happened, before I had developed ranging strats. {image}
along with my surrounding 9pips trades(got a lot more than I posted !)Develop at least one strat specifically for the massive side(Waves)ays cycles and you will be better off in the long-run. The following will happen less and less:
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,490
  • Nov 3, 2022 11:54am Nov 3, 2022 11:54am
Quoting Pat Chiko
{quote} GU Add on pullback.{image}
GU

Stalling, not going anywhere.
Hold until H4 closed on SL taken out.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,491
  • Nov 3, 2022 11:54am Nov 3, 2022 11:54am
still hanging on
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still no trend change
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yes yes yes
  • #703,492
  • Nov 3, 2022 12:04pm Nov 3, 2022 12:04pm
Quoting Houtbay
Pat It is still too early to go long According to my view.
Thanks Bro.

Just trying my luck if can get some tiny profit to buy me tomorrow breakfast....
ONE hour to go on H4 close, till then hope my luck will shine thru the trade.

Take Care & Best Wishes.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,493
  • Nov 3, 2022 12:06pm Nov 3, 2022 12:06pm
I am still waiting for my
Quoting mtako
{quote} Lost that one with the 1H BO of >3030(-39), now finally selling again Sold 3112.
to get stopped out at BE
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,494
  • Nov 3, 2022 12:08pm Nov 3, 2022 12:08pm
Another way to manage your trades if you don't take stop losses. If price drops by a substantial amount against your trades it is good to average down because at some point the market will retrace. It always does, especially if it was a quick move. More so if you trade in line with your available margin and risk tolerance. I see too often that traders have to take a loss, if not they will be margin called. Trade small in line with your risk tolerance and average down or up to get out of a losing position quickly. Just another way to money manage your trades. Cchin does this from what I can see.
Cheers.
Trade to trade another day
  • #703,495
  • Nov 3, 2022 12:11pm Nov 3, 2022 12:11pm
Quoting Wavegarrick
Another way to manage your trades if you don't take stop losses. If price drops by a substantial amount against your trades it is good to average down because at some point the market will retrace. It always does, especially if it was a quick move. More so if you trade in line with your available margin and risk tolerance. I see too often that traders have to take a loss, if not they will be margin called. Trade small in line with your risk tolerance and average down or up to get out of a losing position quickly. Another way to money manage your...
Agreed, but i believe one should not do it on USDJPY cause that pullback might never come.
More time in the market, does not mean you trade better!
  • #703,496
  • Nov 3, 2022 12:12pm Nov 3, 2022 12:12pm
Quoting Wavegarrick
Another way to manage your trades if you don't take stop losses. If price drops by a substantial amount against your trades it is good to average down because at some point the market will retrace. It always does, especially if it was a quick move. More so if you trade in line with your available margin and risk tolerance. I see too often that traders have to take a loss, if not they will be margin called. Trade small in line with your risk tolerance and average down or up to get out of a losing position quickly. Just another way to money manage...
I second that ! Many roads to healthy risk management !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,497
  • Nov 3, 2022 12:20pm Nov 3, 2022 12:20pm
Quoting Wavegarrick
Another way to manage your trades if you don't take stop losses. If price drops by a substantial amount against your trades it is good to average down because at some point the market will retrace. It always does, especially if it was a quick move. More so if you trade in line with your available margin and risk tolerance. I see too often that traders have to take a loss, if not they will be margin called. Trade small in line with your risk tolerance and average down or up to get out of a losing position quickly. Just another way to money manage...
Hi Wave,
how about your longs?
you never go short, do you?
What's your view short,mid ,long ?
Thank you !!
  • #703,498
  • Nov 3, 2022 12:22pm Nov 3, 2022 12:22pm
price action too smooth, Sold SL15
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,499
  • Nov 3, 2022 12:31pm Nov 3, 2022 12:31pm
Quoting bilal1947
{quote} It is worth while to post a losing trade but hey no there are so many losing trades and it is not wise to stay in losing trades like that this is not the heart of trading and averaging on losing trades is not i echo, anyhow it is you to decide whether do you want to be right? (price to go high as you want) or you want to be at peace/happy? May price go higher even faster than as it comes down. Good luck and good trading regards bilal
I have to agree with mr.ict here. From my own experience ive learned that its better to take that quick hit(or hits) and wait for another opportunity instead of holding losing positions. What if the price continues to just go against you more and more? At the end, no matter how good we are technically. You can/and will still lose and its impossible to know where it stops. And you can always hedge or use other things tricks to regain your losses. Doesn't mean you have to hold on to losing trades. But thats just me. I try to take advice from old-school traders.



Happy positive pips everyone!
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How to succeed in zero sum game?
  • #703,500
  • Nov 3, 2022 12:31pm Nov 3, 2022 12:31pm
Quoting Moty
still hanging on {image} still no trend change {image}
Good Luck
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