Cable Update (GBPUSD)

Quoting TheWolf

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{quote} Disease you have is FOMO (fear of missing out). Now, there is one question I have to ask you. Would you rather be right or would you rather make money? This question isn't as funny as it seems.. some people would rather receive recognition due to being right than to earn money and stay quiet. You are your own worst enemy, until you conquer yourself, you'll remain in this zone and make the same mistakes over and over again. Take me for example! I don't have patience (discipline). Today, I have again let my emotions get the better of me. System...

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Quoting BeeTogether

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{quote} seems so. Which leads me to believe there has been a leak of some sort and both buyers and sellers are being trapped with false sense of security. My take is we are going further down. Sneaky

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Quoting dantpm

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I believe that the Non-Farm Payroll wildcard this morning is investor sentiment. IG Markets has 72% of their clients long on the USDX already. If this suggests to MM's that a higher dollar is already priced into the market, the results may surprise a lot of people!

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Quoting Phil_GMT

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I've only just got to the screens now 11am, looks like I missed an easy short at 8am GMT UK time. I'm Long, this wasn't part of my plan - revenge trading . If I don't get a higher price than say 1.1890, then I won't trade any more today, GU might tank all day. {image}

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Quoting Whale

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My chart scream 1,222 am i a dreamer?

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Quoting Pat Chiko

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NFP two hours to NFP and Unemployment Rate. Market is looking at 202K. Unemployment at 3.7%. Is it going to be massive pump/rally after NFP and take out the high of this consolidation followed by a fade. or....Dump to take out the low, suck in shorts and then rally. Either way I think we'll get a false breakout/breakdown to trade.{image}

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Quoting MrFanciful

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{quote} ... I've tried indicators but they all give contradictory signals. I've tried price action. I've tried liquidity zones and OBs etc. But no matter what system I use, the one I'm using won't work, but the one I didn't use does work. I can never tell what I'm in is a retracement or the beginning of a reversal. ..

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Quoting BeeTogether

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{quote} my 4H chart had that earlier in the week. Haven’t checked it today but after we see a bottom 122 would be a very doable area by end of month

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Quoting TheWolf

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{quote} Disease you have is FOMO (fear of missing out). Now, there is one question I have to ask you. Would you rather be right or would you rather make money? This question isn't as funny as it seems.. some people would rather receive recognition due to being right than to earn money and stay quiet. You are your own worst enemy, until you conquer yourself, you'll remain in this zone and make the same mistakes over and over again. Take me for example! I don't have patience (discipline). Today, I have again let my emotions get the better of me. System...

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Quoting Moty

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i am planning to set 3 pending orders with 10 pips distance from one to the other for eachdirection tp for each way will 30 pips from the first one and 20 from the 2nd and 10 pips from the 3rd there will be 10 pips sl for every pending order so i can loss only 10 pips and win if it goes as planned , 60 pips {image}

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Quoting MrFanciful

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{quote} Thanks. I really appreciate the people here, I really do. I'm just not sure I have the temperament for this. I'm not disciplined. I always have to be in a trade because "this might be the start of the move" Take what just happened, is this a stop hunt or the beginning of a down move? Don't know, but I need to have a probability f either if I'm to decide whether to buy or sell. My stochastic is telling me it's a buy entry. My MA's are telling me it's a sell. We're in a 4hr support zone so buy?, or break through lower? Maybe my MAs or stochastic...

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Quoting Whale

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{quote} You may say.... im a dreamer {image}

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Quoting yelena

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{quote} i feel for you. if you are open for suggestions.... if it's an 60% failure rate, have you considered REVERSING YOUR PROCESS? because doing so means 60% success rate. meaning do everything the same: 1. TF 2. lot size 3. trading times 4. choose 1 highly losing strategy (60-80% failure rate) but, if the signal is buy, sell. if the signal is exit, stay. hope it helps.

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Quoting yelena

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{quote} i feel for you. if you are open for suggestions.... if it's an 60% failure rate, have you considered REVERSING YOUR PROCESS? because doing so means 60% success rate. meaning do everything the same: 1. TF 2. lot size 3. trading times 4. choose 1 highly losing strategy (60-80% failure rate) but, if the signal is buy, sell. if the signal is exit, stay. hope it helps.

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