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Cable Update (GBPUSD)

  • #703,661
  • Nov 4, 2022 1:40am Nov 4, 2022 1:40am
Quoting TheWolf
{quote} The thing is that people do not trade the demo and live account the same way. On demo you get confirmation and okay you go long or short, put SL and go drink coffee or whatever.. but when people change to trading live then this changes for many people. People are too tied to the money, actually always fear of losing it. They said it well, until you can control your emotions and impulses you'll not get anywhere. I started trading live immediately for example..I don't know.. You are forced to learn quicker when trading live, otherwise same...
The 'market' doesn't react to 'your trades' in a demo account that same way it does to a live account. In a live account the market will react differently. Just my 2 cents worth!
  • #703,662
  • Nov 4, 2022 1:42am Nov 4, 2022 1:42am
Quoting TheWolf
On demo you get confirmation and okay you go long or short, put SL and go drink coffee or whatever.
So is the answer to do exactly that on a live account too? Enter the trade, set the SL and do drink coffee or turn off the charts for at least the next hour?.....and don't cheat!
I am neither brave nor stupid...I am just a part time trader
  • #703,663
  • Nov 4, 2022 1:43am Nov 4, 2022 1:43am
Quoting TheWolf
{quote} The thing is that people do not trade the demo and live account the same way. On demo you get confirmation and okay you go long or short, put SL and go drink coffee or whatever.. but when people change to trading live then this changes for many people. People are too tied to the money, actually always fear of losing it. They said it well, until you can control your emotions and impulses you'll not get anywhere. I started trading live immediately for example..I don't know.. You are forced to learn quicker when trading live, otherwise same...
Yes you are right... trading on Demo and Real account is huge difference.. When you trade on real account you do not move at all from screen because money is on d line... with demo you do not have any fear .. and trading is more psychological than trading setup..... people stay in trade when they are in loss and get out quickly in profits.... its very hard to control emotions in real trading....
!! Radha Radha !!
  • #703,664
  • Nov 4, 2022 1:45am Nov 4, 2022 1:45am
Quoting Indiara
{quote} Hello Mr Wolf I'm no good at predicting things, but I think there is more room to go up. I will enter if I get the right set up for it
Good luck Indi! Haha
You're great and patient with your trades. THE best qualities one could have for trading.

We can always be better, always room.
  • #703,665
  • Nov 4, 2022 1:45am Nov 4, 2022 1:45am
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yes yes yes
  • #703,666
  • Nov 4, 2022 1:46am Nov 4, 2022 1:46am
Quoting suhas316
{quote} Yes you are right... trading on Demo and Real account is huge difference.. When you trade on real account you do not move at all from screen because money is on d line... with demo you do not have any fear .. and trading is more psychological than trading setup..... people stay in trade when they are in loss and get out quickly in profits.... its very hard to control emotions in real trading....
True..
  • #703,667
  • Nov 4, 2022 1:47am Nov 4, 2022 1:47am
Quoting dantpm
{quote} The 'market' doesn't react to 'your trades' in a demo account that same way it does to a live account. In a live account the market will react differently. Just my 2 cents worth!
Psychological part, yeah. It's the same but it isn't.
  • #703,668
  • Nov 4, 2022 1:47am Nov 4, 2022 1:47am
Today is a difficult day for me Yesterday, I expected a return to the 1.13700-1.1400 range, which did not happen & on the other hand, I see that the new Low created has no divergence and no reason to rise yet. In the time of 4H, the Low of 1.10590 has not been hit yet. Maybe I will sell it. Maybe I should watch it today. What do you think?
There is nothing wrong with being kind & loving to each other
  • #703,669
  • Nov 4, 2022 1:49am Nov 4, 2022 1:49am
Quoting TheWolf
{quote} Good luck Indi! Haha You're great and patient with your trades. THE best qualities one could have for trading. We can always be better, always room.
Thank you

I don't see any set up at the moment, but if I see something I will pounce
I am neither brave nor stupid...I am just a part time trader
  • #703,670
  • Nov 4, 2022 1:50am Nov 4, 2022 1:50am
What was that 2 min candles. Disrupting my trades.
Exhausted
  • #703,671
  • Nov 4, 2022 1:50am Nov 4, 2022 1:50am
Quoting Indiara
{quote} So is the answer to do exactly that on a live account too? Enter the trade, set the SL and do drink coffee or turn off the charts for at least the next hour?.....and don't cheat!
I am trying to trade like that. When I get confirmation I go, put SL and bye bye.. I tried to endure price manipulation many times and failed miserably many times haha. I don't need that stress. I would enter trade, then watch 15M chart, the doubt starts to infiltrate, then I start watching at 5M chart and before you know it I'm out of the trade. What happens next? In the MAJORITY of times of course, I talked myself out of great trade and many pips I could have taken had I not intervened. Always the same story.. that's why I started working on myself now more.
  • #703,672
  • Nov 4, 2022 1:53am Nov 4, 2022 1:53am
Closed my gold short.
  • #703,673
  • Nov 4, 2022 1:55am Nov 4, 2022 1:55am
Gbpusd short term trend is down, longer term trend is up.
  • #703,674
  • Nov 4, 2022 1:56am Nov 4, 2022 1:56am
Japan's Suzuki: There are no plans to manipulate fx rates by intervening in the market

Can anyone smell it? Yeah, bullshit!
  • #703,675
  • Nov 4, 2022 1:56am Nov 4, 2022 1:56am
Quoting TheWolf
{quote} I am trying to trade like that. When I get confirmation I go, put SL and bye bye.. I tried to endure price manipulation many times and failed miserably many times haha. I don't need that stress. I would enter trade, then watch 15M chart, the doubt starts to infiltrate, then I start watching at 5M chart and before you know it I'm out of the trade. What happens next? In the MAJORITY of times of course, I talked myself out of great trade and many pips I could have taken had I not intervened. Always the same story.. that's why I started working...
That used to happen to me all the time, and sometimes it still does. I find that if I see a setup that I like on (say) M15, I check M30 to see if the same setup is trying to form. If it is, I go to M5 chart and wait for the setup to be there also. When all 3 timeframes say the same thing, in every way, then I will enter on the M5. Mostly this gives a good entry with not much drawdown. But I still fall into the anxiety trap every now and then!
I am neither brave nor stupid...I am just a part time trader
  • #703,676
  • Nov 4, 2022 1:59am Nov 4, 2022 1:59am
Quoting Pat Chiko
{quote} GU getting to scalp pre LO. Price may pull back a bit for LQ Trade bias LONG.{image}
GU

adjusting tp (immediate)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,677
  • Nov 4, 2022 2:00am Nov 4, 2022 2:00am
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Short here . . . .

  • #703,678
  • Nov 4, 2022 2:03am Nov 4, 2022 2:03am
short term (<1 hr) wise there is retracement against USD.

however, mid term (>4 hr and above) i feel it is still bearish.

bias bear for me. i will look for shorts instead of longs.
  • #703,679
  • Nov 4, 2022 2:09am Nov 4, 2022 2:09am
Quoting firsttimer
short term (<1 hr) wise there is retracement against USD. however, mid term (>4 hr and above) i feel it is still bearish. bias bear for me. i will look for shorts instead of longs.
Whale spikes, thin trading, market chop, time for greater care!
  • #703,680
  • Nov 4, 2022 2:09am Nov 4, 2022 2:09am
Quoting TheWolf
{quote} The thing is that people do not trade the demo and live account the same way. On demo you get confirmation and okay you go long or short, put SL and go drink coffee or whatever.. but when people change to trading live then this changes for many people. People are too tied to the money, actually always fear of losing it. They said it well, until you can control your emotions and impulses you'll not get anywhere. I started trading live immediately for example..I don't know.. You are forced to learn quicker when trading live, otherwise same...
What you wrote is absolutely correct. The difference between real & demo is sometimes like the difference between sky & earth. Emotions destroy the same great demo strategy in real account
There are many good & kind & successful people here who can learn from them like Georginson
that whenever he has an incorrect trade, there is sure to be someone who writes a mocking message to him, but he still exists and spreads his knowledge out of kindness. Or people like Pat Chiko & Coreg2004
But instead of using the knowledge of others to reduce their own mistakes & learn from the feelings of successful traders, they just mock & that's it
There is nothing wrong with being kind & loving to each other
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