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Is it just me or is cable acting random? 44 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

The divergence was completed in 15M. Maybe the price will return to the 1.13800-1.14800 zone. Of course, if it can stay above 1.1200 for 4H & close. We have a pullback to where the wedge was broken!!
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I pray to rain of GOLD from the sky for you and me
Short at 1.13
Quoting T721
{quote} yup, got out of GU at 11168 and EU at 9768 . not the best exit as they went more but ok
Trying for the BEST exit is probably the WORST idea. But any exit that is in profit is a "good enough" exit. And "good enough" is all you need to stay ahead in trading.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} if someone follows me there would be a good chance they might have took a loss when i was building positions. Guys with no patience or understanding of risk woulda probably pulled out with a loss or worse But that's on THEM, not on YOU. Do you make it a practice to let others control your actions like you have demonstrated here??
NO. i just dont want to see someone lose because of me. But like you say thats on them
@tt
Ty mister eu
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Quoting TwFXtrader
{quote} 500 i just short gbpjpy on tueday on the way down and bought in gold at 1616-1617 my entry reason, this trade only happen like 2-3 times a year i took 0 to no risk but a lot of leverage into the trade purely off support and resistance 0 indicators {image}
well done.
Im 0.5% a day.. lol.
Hot day is 3%
Insolvent
Quoting Moty
Ty mister eu {image}
@tt
Quoting T721
{quote} NO. i just dont want to see someone lose because of me. But like you say thats on them
But the whole point is, their loss would not be because of YOU. Unless, of course, you have access to their account and YOU were pulling the trigger on the trades.
The markets are speaking to you. Do you know their language? I M T
11370/11400 would be a good area to either load shorts (if trend still down) and/or take profits on longs
COT: The precious data ignored
hahaha... I cant believe the big boys still take gold to the border... hahaha... well they hit my sl for gold... but im taking it back... sorry.. hahaha.. but most unbelievable is cable still stand firm... lol...
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...it's a prev minor 4hr sw lo zone = prev supp = pot sbr @ current dly hi.

4hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
GU doesn't want to go up. But EU drag it along. Now seems we may revisit 1.137-1.14 before a another down move.
Quoting navk
Price between daily open and Daily pivot. Currently showing some down move... I will not be surprised if the initial reaction after news will lead the push down. Later based on NFP numbers, the price may ( may ) reverse ( retrace ) IMO. {image}
Before NFP, I posted my chart with my analysis.

And this has happened in that way.

Nice.

I made some money too during NFP.

Now I want to protect profits made.

Thanks to all guys.

Have great week end.

I may not be trading on Monday and Tuesday as I am traveling long distance.
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Intraday only.
Quoting Whale
{quote} well done. Im 0.5% a day.. lol. Hot day is 3%
yea if you want a crazy life you can go big but most of the time it is not worth the stress,
i trade less now because making huge gains comes with a cost.

one thing you can do is have a high risk account
and have an account for low risk trades and hold long term

but trade like this is enough for me to not trade an entire year.
that's why i rarely come here.
i used to stare at chart 10 hours a day for like 3 years...
making one accurate trade is more than enough than day trading

i just want to let people know its possible
...yeh, quite a bounce up 152pips so far...was probably a 'tight' stop hunt just under the then current dly/wkly lo?

1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting PapaSmurf-fx
{quote} Consider this.... no need to make a trade call... but if you share your chart and let someone see what you are seeing(with out a trade call) It helps those of us who are learning to see what you and others are seeing and reasoning behind what you are seeing. You can help others become good traders without calling out a trade. I don't understand the resistance. I am new at this and never take anyone's suggested trade...simply because I want to be sure about why I am taking a trade and want to know that the probability of success is more on...
Very well said.
I think if a pro trader wants to help newbie, he/she should at least show what he/she is watching on the chart that tells him/her to take the trade. That's how a newbie trader will understand how to take a trade without the need for an entry/exit call.

Once the newbie trader learns enough for him/her to took a trade, he can move to a small live account.

Every trader has a different trading style.
Once you find that person who is already making it from the way you(the new trader) always wanted (whether relying on indicators[Using TA only], Hedging, using Price action only, Using Support/Resistance, Elliot wave, Liquidity zones , Smart money concept, or MA/EMa cross,butterfly and so on..)
or
Using Fundamentals only
or
Merging TA with FA,

You stuck with them and learn how they are doing it.

I saw many in here complaining that they follow pro trader calls and lose their money or blow up their account.
NEVER DO THAT!!!!

Instead learn, learn, learn, learn, and keep learning. At some point when you have enough know-how, you will know when to apply the knowledge you were learning.

Why NEVER COPY OTHER people's TRADE???

#1 Their account size is not the same as your account size. If you can afford to lose 20pips per trade set your SL at 20pips only and not 90pips just because MR Pro Trader A set his at 90pips. Obviously, you will get wrecked.

#2 Just because MR PRO trade A is Buying does not mean you too should be buying or vice-versa. Follow your trading plan.

#3 The CONS goes on...

IMHO, the objective of a novice trader is to find yourself a high probability CONSISTENT winning strategy that suits your personality.

Look for somebody who is doing it, the way you want it, learn from them, analyze how they are doing it, using his/her strategy, placed some psychology trade(or on a Demo account or best, open a tiny live account)

Keep doing it, Over the next two years, you will be way ahead than copying someone else's trade now.
As the saying goes "It is a marathon, not a sprint"


Apologize in advance PAPAsmurf,
I quote your post in mine,
But i think the topic is very related and in hope, it may help many here who are constantly losing from copying Pro Trader trades.

Regards,
Fardeen
Trade at good levels or no trade at all!
Quoting bilal1947
I expect price to go up to 1.12717 if further than to 1.13770 if it goes above {image} but if price structure change here it can go down from here even and i have to collapse. {image}
GU short at 1.1273 - 10 pip SL

Update: went +35 pips didnt took any partials not set BE price comes back hit SL
The Ghost In The Machine
Quoting profits7
______________ nfp all Factored in Already lol = dont Blieve me ? ! ? ________ just use Moty's [ or Davit ] wkly pvt's 2day and you'll B alright IMHO
_________ well Now you Blieve , just keep it Simple = K.I.S.S. - - - when I've time I'll post sume Real Live cable trades in Advance next wk
Don’t focus on making $$$, focus on protecting what you have.
...approaching that prev 1hr sw hi zone = prev res = pot rbs
------------------------------------------------------------------------
..anyone get the whole reversal candle closing outside 20bol - this time on 15min? The close is the trigger for entry on these. This time with regular bearish div not osc extr's.

15min below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Hmm 113 rejected and a move down. Not feeling it much on my trade may cut losses
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