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Cable Update (GBPUSD)

  • #711,281
  • Dec 4, 2022 8:54am Dec 4, 2022 8:54am
alas, many ignore the lesson on hand
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,282
  • Dec 4, 2022 8:57am Dec 4, 2022 8:57am
Quoting Waveskierrob
{quote} why do you think you know where the market is going??? You want to lose more money ???...
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You got the last kick - damn you Waveskie, I wanted to do that first......!
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #711,283
  • Dec 4, 2022 8:59am Dec 4, 2022 8:59am
Quoting dantpm
{quote}{quote} The challenge with a stop loss is that if you set one that protects your trade you risk losing a chunk of equity as MM's stop hunt. With an equity or margin protecting EA or an EA that sets up a stop loss without signalling the market in advance the way that a traditional stop loss works you can potentially get out of the market and get back in at a better price. I am still trying to figure out the best balance. The only detail that I have that I am more positive about is that getting into a trade earlier is much better than trying...
No matter what you will lose, what is important to win more.
There are many methods to win for example -
enter short at hundred levels where majority will sell from;
enter at tf high/lows;
major S / R levels, pivots, waves etc.
Why enter at all if you not sure you could profit?
Read Investopedia advice on MA levels, which I am sure u know already.
Be confident before entry.
Use confirmations -
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Try what works for you best.
  • #711,284
  • Dec 4, 2022 9:08am Dec 4, 2022 9:08am
Free coffee today

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POSTMASTER
  • #711,285
  • Dec 4, 2022 9:39am Dec 4, 2022 9:39am
Quoting dantpm
{quote}{quote} The challenge with a stop loss is that if you set one that protects your trade you risk losing a chunk of equity as MM's stop hunt. With an equity or margin protecting EA or an EA that sets up a stop loss without signalling the market in advance the way that a traditional stop loss works you can potentially get out of the market and get back in at a better price. I am still trying to figure out the best balance. The only detail that I have that I am more positive about is that getting into a trade earlier is much better than trying...
Is ok to enter middle if your analysis and follow your bias.
but the real issue is he nvr protect his margin.
you can see he trade 100-200 dollar, and jump in 0.1 lot size and once the market grabbing liquidity move his way, he add on all the way when the market creating fvg.if he not greed and close then is fine , what if he didnt close it? We can see this happened at nfp.
i did that too bfr and end up become the part of liquidity,but lucky is i always have stop .
PA Return This Week: 37.9%
  • #711,286
  • Dec 4, 2022 9:41am Dec 4, 2022 9:41am
Quoting Jolita
Quoting LeongPuiy
{quote} But the problem for him not indicator. he never use stop and most time enter at chasing or indicator delay signal without stop. he never use stop, he go full margin Maybe Moty should try to use one. Investopedia also agree with me - ''Controlling risk is one of the most important aspects of trading successfully. Short-term trading involves risk, so it is essential to minimize risk and maximize return. This requires the use of sell stops or buy stops as protection from market reversals''. https://www.investopedia.com/article...rm-trading.asp
...
I like one quote, as a trader , we are professional losing trader, we manage risk to turn the loss become winner.
why losing trader at first, spread or swap or commission.
PA Return This Week: 37.9%
  • #711,287
  • Dec 4, 2022 10:42am Dec 4, 2022 10:42am
Quoting Robinhood1
Free coffee today {image}
If I was in your city, coffee would be on you.
Anyway, I am still holding up my shorts and patiently waiting for 16616. I think I will get it even before the official market open.
  • #711,288
  • Dec 4, 2022 11:34am Dec 4, 2022 11:34am
Quoting JayBag
{quote} If I was in your city, coffee would be on you. Anyway, I am still holding up my shorts and patiently waiting for 16616. I think I will get it even before the official market open.
Yes, that would be great treating you for a coffee.
POSTMASTER
  • #711,289
  • Dec 4, 2022 11:43am Dec 4, 2022 11:43am
Quoting Bones
{quote} Ive calculated the probability of you being wrong @ 71%
Its alright... Let's see how it will go.
Data + Stat + Risk/Emotions Management
  • #711,290
  • Dec 4, 2022 11:56am Dec 4, 2022 11:56am
Quoting Robinhood1
{quote} Yes, that would be great treating you for a coffee.
Thank you, you are far too kind
  • #711,291
  • Dec 4, 2022 12:20pm Dec 4, 2022 12:20pm
1.249 this week..?
I guess so… bullish or OF still on.. don’t fight it.
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  • #711,292
  • Edited 12:51pm Dec 4, 2022 12:34pm | Edited 12:51pm
Quoting Bones
{quote} Ive calculated the probability of you being wrong @ 71%
Quoting Georginson
70% chance of a big bear candle to 1.1870 Area this week if 1.2311 can hold. After then another bullish continuation may follow to end the year at 1.25. My plan is to sell and put a tight stop at 1.2320 and target 1.1900 this week. I may be brutally wrong but this is what I see.
Tony, George is right, however 1.2311 will break..I consider this high probability. I think u do as well, infact i expect almost no DD
Only time can tell
  • #711,293
  • Dec 4, 2022 12:54pm Dec 4, 2022 12:54pm
a break above last weeks high is an important area. Not sure of next weeks data releases however we could see a decent high. If there is data that will push it down such as US rate rise above expectations then we could see a 200 pip drop.
Insane in the Brain..
  • #711,294
  • Dec 4, 2022 1:49pm Dec 4, 2022 1:49pm
Good Goals to England!
England 2 / 0 Senegal
  • #711,295
  • Dec 4, 2022 1:55pm Dec 4, 2022 1:55pm
Quoting Jolita
Good Goals to England! England 2 / 0 Senegal
Been watching, good game so far and there's no doubt in my mind England has victory in the pocket already.
My country (Croatia) is playing against Japan tommorow.

Let's just say if Japan wins, I'll start selling Yen for as long as I could..
  • #711,296
  • Dec 4, 2022 1:59pm Dec 4, 2022 1:59pm
Quoting Bainbrito
{quote} If I could only use one strategy then it would be some form of continuation strategy. Using GMMA analysis (see Trend Trading by Daryl Guppy) combined with Wyckoff methodology it is much easier to avoid losses trading against the trend and identify opportunities to join the trend with small stops and large upside potential. First step is to do a GMMA analysis to identify pullbacks in a strong and stable trend. The objective here is not to predict the beginning or end of a trend but identify a trend that is likely to continue and be easy to...
Bainbrito, thank you for sharing.
Top advice!
  • #711,297
  • Dec 4, 2022 2:06pm Dec 4, 2022 2:06pm
Quoting TheWolf
{quote} Been watching, good game so far and there's no doubt in my mind England has victory in the pocket already. My country (Croatia) is playing against Japan tommorow. Let's just say if Japan wins, I'll start selling Yen for as long as I could..
Haha. Yeah, England on it to win it!
Both teams Croatia and Japan are
brilliant. Japan is a dark horse in this competition. To win against Germany is something...
Lately I've been watching Japanese series Tokyo vice.
  • #711,298
  • Dec 4, 2022 2:29pm Dec 4, 2022 2:29pm
Quoting Robinhood1
{quote}
all done mate and tped and heading up we see what happens later
people leave, but this thread will go on for ever
  • #711,299
  • Dec 4, 2022 2:30pm Dec 4, 2022 2:30pm
1.2254 area is the buy area (may gap down around there)

1.2225 also supportive price for Monday.
  • #711,300
  • Dec 4, 2022 2:33pm Dec 4, 2022 2:33pm
Quoting Jolita
Good Goals to England! England 2 / 0 Senegal
USA out
UK thru

so the pound will rise monday
in wondering about yourself, you forgot what you came here to be part of
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Waveskierrob