Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#703,701
Nov 4, 2022 2:40am Nov 4, 2022 2:40am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting elbert3

Disliked

{image}shorts are strong but mmmm

Ignored

I would have more confidence in this pattern if the inverse also appeared in the USDX.

#703,702
Nov 4, 2022 2:40am Nov 4, 2022 2:40am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting Chris_35

Disliked

{quote} As you say, live and demo are completely different beasts. On demo, your like an unskilled worker, who can double their fund in a short space of time, or burn it out. But no doubt in the longer term they will burn it out and the two terms you use are the exact reasons, fear and greed. My first demo turned 5k into 13k in two weeks, but my first live account burnt out 5k in a short space of time. To me, by starting out a live account is like serving an apprenticeship where your wages are low. But once youve learnt your trade...

Ignored

Did you notice what was the draw down in that account ? making 5k to 13k is good but what's important is the drawdown ?

as we keep on taking the same side trades just to average out the price and once it goes in favour it all turn into positive.

will we able to hold those losing trades with out losing our brain on real??? what is the fix/plan we have designed to manage the trades perhaps people dont do that on a Demo but only face it in Real.

"Exchange of hands"

#703,703
Nov 4, 2022 2:47am Nov 4, 2022 2:47am

TonyTepeli
Joined Sep 2021 | Status: Time traveller | 277 Posts

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I smell money here.

I live in the future

#703,704
Nov 4, 2022 2:48am Nov 4, 2022 2:48am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting Indiara

Disliked

{quote} Hello billytt. The body pains have gone, now is just no appetite still and sore throat and blocked nose. But apart from that, I feel ok...thank you for asking Mostly my setups seem to trigger right after London opens. Sometimes it happens about 1 hour before Uncle Frankie arrives. It doesn't happen so often after NY opens, but I usually go to my bed soon after, so I don't worry about it. I know that people do speak about manipulation, but (imo) us retail traders are not worth their while to trick and steal our trades. They have bigger...

Ignored

I tend to agree with you about manipulation, the thing which is noticed is we have had the spikes and consolidation areas, these in my opinion are when the market makers are actually working and sometimes they don't actually know themselves as to what is happening.
The major problem is a lot of retailers go for too much profit and get screwed for doing it. and then complain about manipulation.
Price will always go to a support or a resistance and not necessarily in a straight line, once at these areas it might break or it might retrace.
Everything is contradictory and that is why i trade like i do, take part of the movement which is almost guaranteed.
Trade well all.
t 07-48

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#703,705
Nov 4, 2022 2:48am Nov 4, 2022 2:48am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Quoting Yngwie

Disliked

{quote} Now good resistance 1.1240/50. I think going to deeper NY session. but depend to the news {image}

Ignored

bulls fail. look like drop. 1.1180/1.1145

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#703,706
Nov 4, 2022 2:49am Nov 4, 2022 2:49am

navk
Joined Oct 2010 | Status: Trader | 21,481 Posts

I have almost recovered yesterday losses, except some 350 bucks.

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Intraday only.

#703,707
Nov 4, 2022 2:53am Nov 4, 2022 2:53am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

May or may not make a difference today but maybe in the weeks to come.

"Apple has stopped hiring

Amazon hiring has stopped

Stripe laid off 14% of workers

Lyft laid off 13% of workers

Everything is going fast as POWELL wants!"

Lost....

#703,708
Nov 4, 2022 2:55am Nov 4, 2022 2:55am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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still shorts looking now at possible pennant

#703,709
Nov 4, 2022 2:55am Nov 4, 2022 2:55am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting gespiri

Disliked

May or may not make a difference today but maybe in the weeks to come. "Apple has stopped hiring Amazon hiring has stopped Stripe laid off 14% of workers Lyft laid off 13% of workers Everything is going fast as POWELL wants!"

Ignored

The real stupid part is that the liquidity that caused the inflation hasn't come out of the market and as the UK pointed out yesterday, by this time next year the inflation will simply be absorbed by the system. The higher rates simply hurt the economy short term!

#703,710
Nov 4, 2022 2:56am Nov 4, 2022 2:56am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Quoting Zairul

Disliked

{quote} It doesn't matter you use live or demo... Big Boys already know where's the buyer and seller... they just need liquidity to hunt the sl... like FOMC and NFP tonight... just carefull...

Ignored

its all about lot size or money management. You can put big lot at demo account. no worries at all

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#703,711
Nov 4, 2022 2:59am Nov 4, 2022 2:59am

Whale
Joined Jun 2013 | Status: Trader | 14,550 Posts

Quoting bilal1947

Disliked

{quote} Did you notice what was the draw down in that account ? making 5k to 13k is good but what's important is the drawdown ? as we keep on taking the same side trades just to average out the price and once it goes in favour it all turn into positive. will we able to hold those losing trades with out losing our brain on real??? what is the fix/plan we have designed to manage the trades perhaps people dont do that on a Demo but only face it in Real.

Ignored

Yap…
When the market ranging the equity grows
when it trending it’s usually margin call.

What the most important here is to post winning trades when it grows!

#703,712
Edited 3:15am Nov 4, 2022 3:02am | Edited 3:15am

TheWolf
Joined May 2022 | Status: I'm Done | 2,577 Posts

GBPUSD 15M
Went Short..

EUR/USD 15M Confirmed Short, so I went Short on GBP/USD. Too soon? Yeah..

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#703,713
Nov 4, 2022 3:02am Nov 4, 2022 3:02am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting Whale

Disliked

{quote} Yap… When the market ranging the equity grows when it trending it’s usually margin call. What the most important here is to post winning trades when it grows!

Ignored

True for people who dont use SL this is the case my SL are tight, or position is so tiny it will be in limit and if price is not moving i am out.

"Exchange of hands"

#703,714
Nov 4, 2022 3:04am Nov 4, 2022 3:04am

Indiara
Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts

I have a Sell on UJ.

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I am neither brave nor stupid...I am just a part time trader

#703,715
Nov 4, 2022 3:04am Nov 4, 2022 3:04am

BigNumbers
| Commercial User | Joined Jul 2021 | 3,280 Posts

Price should RETRACE and go up now

My telegram: https://t.me/avidforex

#703,716
Nov 4, 2022 3:05am Nov 4, 2022 3:05am

Zairul
| Joined Feb 2022 | Status: Trader | 340 Posts

Quoting Yngwie

Disliked

{quote} its all about lot size or money management. You can put big lot at demo account. no worries at all

Ignored

U think I used demo?... hahaha.. if I do dont mind to put sl... even if my trade going south.. I KNOW where the BIG BOYS going to take the price... always to the border... hahaha