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Cable Update (GBPUSD)

  • #726,601
  • Feb 6, 2023 12:44pm Feb 6, 2023 12:44pm
Nice reversal
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yes yes yes
  • #726,602
  • Feb 6, 2023 12:52pm Feb 6, 2023 12:52pm
Usdjpy waiting to go long at 132.56
  • #726,603
  • Feb 6, 2023 12:57pm Feb 6, 2023 12:57pm
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My SL was hit at 1.20 19 . . . . Reentered now at 24 and have a pending to add at 1.20 00

  • #726,604
  • Feb 6, 2023 12:58pm Feb 6, 2023 12:58pm
Quoting Moty
Nice reversal {image}
LOL. I won't consider any kind of "reversal" (trending up) has occurred until there is a convincing close above 1.2028 followed by a higher low on M5.
To free Gazans of Hamas, use whatever it takes.
  • #726,605
  • Feb 6, 2023 1:02pm Feb 6, 2023 1:02pm
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yes yes yes
  • #726,606
  • Feb 6, 2023 1:04pm Feb 6, 2023 1:04pm
Quoting Coreg2004
{quote} Uru, si yo hubiera sido Enigma, descifraría tu mensaje.
decipher?, the important thing is a smile, I did it?, you disconnected, and you answered me, during the day it is important to take a break, with a coffee, a tea, or read some nonsense, like mine, many pips!
  • #726,607
  • Feb 6, 2023 1:21pm Feb 6, 2023 1:21pm
Quoting Waveskierrob
{quote} I'm never wrong because I never predict ...
Waveskie, I put it to you.....
In summary you've avoided the first and the most trading errors come from traders; i.e expecting certainty from the market which is not possible due to the involvement of people who make buy and sell decisions based on different motivations and emotions.

This intolerance of uncertainty leads to emotional trading decisions and can cause traders to worry too much.
You've overcome the problem, by embracing uncertainty, understand its nature and manifestation, and be comfortable with discomfort.

The fear of losses is the primary reason for the fear of uncertainty, and embracing the fact that losing trades are a possibility can help any traders overcome this fear.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,608
  • Feb 6, 2023 1:26pm Feb 6, 2023 1:26pm
Sometimes its better to be quiet, becoz it could be awkward
  • #726,609
  • Feb 6, 2023 1:31pm Feb 6, 2023 1:31pm
Quoting Pat Chiko
{quote} GU Suitable set up is to view on H1 , not from M30 as per N3 posted earlier.{image}
GU

The initial trade was executed poorly and ended up getting 46.5 pips drawdown.

The market then moved downwards to the H4QM zone demand area, causing a depletion of liquidity in that area.
A second trade was taken to try to recoup the losses from the first trade.

With some luck (I hope), a positive outcome was sought by adding to the second position, increasing the average cost with the hope of recouping the loss from the first trade.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,610
  • Feb 6, 2023 1:42pm Feb 6, 2023 1:42pm
Quoting Whale
Sometimes its better to be quiet, becoz it could be awkward
Yes Whale...
Silence can be golden in situations where speaking up could lead to awkwardness.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,611
  • Feb 6, 2023 1:59pm Feb 6, 2023 1:59pm
Quoting Pat Chiko
{quote} ..... embracing uncertainty ....
Attached File(s)
File Type: mp4 Life ... is uncertain.mp4   1.2 MB | 277 downloads
Attachment 4 Rowan Atkinson
always learning
  • #726,612
  • Feb 6, 2023 2:01pm Feb 6, 2023 2:01pm
Quoting Pat Chiko
{quote} Waveskie, I put it to you..... In summary you've avoided the first and the most trading errors come from traders; i.e expecting certainty from the market which is not possible due to the involvement of people who make buy and sell decisions based on different motivations and emotions. This intolerance of uncertainty leads to emotional trading decisions and can cause traders to worry too much. You've overcome the problem, by embracing uncertainty, understand its nature and manifestation, and be comfortable with discomfort. The fear of losses...
Beautifully put....the fear of failure stops us succeeding in all walks of life....
  • #726,613
  • Feb 6, 2023 2:16pm Feb 6, 2023 2:16pm
Quoting griffc
{quote}4390509 Rowan Atkinson {file}
Uncertainty and Emotion

All I can see all traders in this thread are not bad at trading.
You're just in the process of earning your mastery.

And you can make that process difficult—by trading big sizes
(invites a lot of emotions)
Or you can make that process easier—by trading small sizes
(creates a more detached mindset)
Your call...

But.....trying to avoid something that is unavoidable
(taking a loss)
will have disastrous effects on our ability to trade objectively.
Still your call....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,614
  • Feb 6, 2023 2:18pm Feb 6, 2023 2:18pm
Quoting griffc
{quote}4390509 Rowan Atkinson {file}
  • #726,615
  • Feb 6, 2023 2:20pm Feb 6, 2023 2:20pm
Crooky bears trap
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yes yes yes
  • #726,616
  • Feb 6, 2023 2:35pm Feb 6, 2023 2:35pm
For all those whom doubt and wish to play and scorn my intelligence here is my ticket for the audnzd
  • #726,617
  • Feb 6, 2023 2:35pm Feb 6, 2023 2:35pm
For all those whom doubt and
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wish to play and scorn my intelligence here is my ticket for the audnzd
  • #726,618
  • Feb 6, 2023 2:56pm Feb 6, 2023 2:56pm
Quoting Waveskierrob
{quote} I'm never wrong because I never predict ...
Waveskie, here is the excerpt from the book @mysterio recommended way back.

3. Predicting Outcomes
The mind is always trying to predict the future. However, problems arise when you start to believe your predictions will definitely happen.
...The correction to this problem comes by firmly understanding that your predictions are not certainties; they’re estimates.

Tendler, Jared. The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline (p. 196-197). JT Press. Kindle Edition.
Always trade your own plan...I don't provide trading signals.
  • #726,619
  • Feb 6, 2023 5:16pm Feb 6, 2023 5:16pm
I think sell side on GBPUSD is showing weakness. Good early buy signal for the week ahead
  • #726,620
  • Feb 6, 2023 6:07pm Feb 6, 2023 6:07pm
USDJPY SHORT
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