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Cable Update (GBPUSD)

  • #744,141
  • May 4, 2023 9:07am May 4, 2023 9:07am
QM 1.2578? any idea?
  • #744,142
  • May 4, 2023 9:10am May 4, 2023 9:10am
Quoting ricmaj
{quote} please dont let their negative thoughts stop you from showing your charts, i love to always align your charts with mine this is a forum for crying out loud and people are here to learn, even if you are faking, i still enjoy it those who cant fake theirs seem to be more on the accusation side. Moty and Navk do same while are they not picking on those guys. People must learn to stop thinking for others.
No problem Ricmaj. I will post my charts as usual.
I also put a bit of thought into this. Here is what the world of forex does not want, is for us to teach money management. How to turn losing positions into winning positions quickly and effectively. How to scale in and scale out. How to protect winning positions and in my case how to turn day trade winning positions into long term trades. The only way to do this is to show traders how and when you close trades, hence posting my closed trades.
What the forex world does not want is for you to post your successes ie closed trades, winning trades etc so traders can learn from it. It is quickly labelled as boasting, fake or creative accounting etc.
Traders are so indoctrinated with the entry, stop loss and quick profits. Traders are not taught to maximize profits and I often see traders take brilliant trades but closed for 5 pip profits which could have turned into massive profits had a few simple steps been followed.
Traders are conditioned to trade lot sizes that stretch their margin levels to the max and if they get it wrong they barely have any money left in their trading account. Its a losing strategy in my opinion. Nobody is shown that you do not have to trade one trade with one full lot size. In stead you break it into .10 lots with entries at better levels. I know for a fact that my 1st entry is usually my worst entry and I usually only get it right towards my 10th entry. So what if you make more pips than you would with one full lot when you arrive at your profit target. It's not about the pips, it is about the money made.
Traders want to discuss only the entry but I am afraid it is a tiny piece of the puzzle. No one wants to discuss exits and this is where 95% of traders fall short and that is what the forex world wants.
Cheers.
Trade to trade another day
  • #744,143
  • May 4, 2023 9:10am May 4, 2023 9:10am
gbpusd

and slow motion

moving between red and green, if we are below red = short
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #744,144
  • May 4, 2023 9:11am May 4, 2023 9:11am
Suck it down.. Thursday and im down big money this week!
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  • #744,145
  • May 4, 2023 9:16am May 4, 2023 9:16am
Attached Image (click to enlarge)
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  • #744,146
  • May 4, 2023 9:24am May 4, 2023 9:24am
Adding to shorts GOLD 2051
People don't plan to lose. They lose because they don't plan.
  • #744,147
  • May 4, 2023 9:26am May 4, 2023 9:26am
Quoting Whale
{quote} from whom?
Bears?
  • #744,148
  • May 4, 2023 9:27am May 4, 2023 9:27am
Quoting Wavegarrick
{quote} No problem Ricmaj. I will post my charts as usual. I also put a bit of thought into this. Here is what the world of forex does not want, is for us to teach money management. How to turn losing positions into winning positions quickly and effectively. How to scale in and scale out. How to protect winning positions and in my case how to turn day trade winning positions into long term trades. The only way to do this is to show traders how and when you close trades, hence posting my closed trades. What the forex world does not want is for you...
This actually does make a lot of sense. Well said!
Please, your charts are most welcomed, as well as your results.
For my part, I have no quarrel with your efforts. But there are a few here deserving of the ridicule, who seem to thrive on a sense of adulation they must feel when posting demo successes.
Anyways, like someone pointed out earlier, theirs doesn't affect my life or trading in any manner at all, so it's best to just marvel and chuckle from a distance, whilst contributing the occasional thumbs up
  • #744,149
  • May 4, 2023 9:28am May 4, 2023 9:28am
Quoting Whale
Suck it down.. Thursday and im down big money this week! {image}
failed.. took 10 out of this trade.

trend reversal is ugly business
  • #744,150
  • May 4, 2023 9:30am May 4, 2023 9:30am
This bulls never give up just want to go 1.2595
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #744,151
  • May 4, 2023 9:30am May 4, 2023 9:30am
Quoting BrainBucks
With three red flag events behind us this same day and it's baffling that it's been only a 45-pips range combined Asian-London-New York session so far. How's this even possible?? Had I blown my account and just been a spectator, methinks we'd have been getting on a 200 pips trading range day! The psychology of this game keeps on messing with my mind...
How's this even possible??
Because news does not move the markets. News simply serves as a hindsight-applied reason for a strong price move. A plethora of other events could be quoted for similar hindsight correlations, but news is a very convenient one because this same news is received by millions (billions?) of people worldwide.
To free Gazans of Hamas, use whatever it takes.
  • #744,152
  • May 4, 2023 9:31am May 4, 2023 9:31am
Quoting Haydel
{quote} Bears?
i guess im the only one and i'm weak.
  • #744,153
  • May 4, 2023 9:34am May 4, 2023 9:34am
Quoting Wavegarrick
{quote} No problem Ricmaj. I will post my charts as usual. I also put a bit of thought into this. Here is what the world of forex does not want, is for us to teach money management. How to turn losing positions into winning positions quickly and effectively. How to scale in and scale out. How to protect winning positions and in my case how to turn day trade winning positions into long term trades. The only way to do this is to show traders how and when you close trades, hence posting my closed trades. What the forex world does not want is for you...
How to turn losing positions into winning positions quickly and effectively.
Doesn't even need to be done quickly if amount at risk and account equity are wisely considered before opening a position.
To free Gazans of Hamas, use whatever it takes.
  • #744,154
  • May 4, 2023 9:34am May 4, 2023 9:34am
Quoting ScalaFX
Adding to shorts GOLD 2051
You are not scared of gold? I only trade that pair when I am crazy sure
  • #744,155
  • May 4, 2023 9:35am May 4, 2023 9:35am
Come oooooon 1.26!!
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  • #744,156
  • May 4, 2023 9:35am May 4, 2023 9:35am
Quoting Whale
{quote} i guess im the only one and i'm weak.
I'm with you now at 1.2596...stop 2623
  • #744,157
  • May 4, 2023 9:38am May 4, 2023 9:38am
Quoting chess king
{quote} I'm with you now at 1.2596...stop 2623
im out bro,
i trade base of market structure or Session H/L reversal.
now only LC could provide me possible setup... rules are rules.
  • #744,158
  • May 4, 2023 9:40am May 4, 2023 9:40am
Quoting Whale
{quote} i guess im the only one and i'm weak.
I learned the hard way that when GU breaks its weekly pivot upwards it will hurt sellers. Maybe tomorrow NFP will help your shorts.
  • #744,159
  • May 4, 2023 9:45am May 4, 2023 9:45am
Quoting Yngwie
This bulls never give up just want to go 1.2595
done she want more. 1.2615/20 next resistance
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #744,160
  • May 4, 2023 9:45am May 4, 2023 9:45am
Hi Dave, I was just thinking about this: does the news move the markets or not.
Reminds me of this quick video by Etienne Crete.
That do you think?

Quoting DrDave
{quote} How's this even possible?? Because news does not move the markets. News simply serves as a hindsight-applied reason for a strong price move. A plethora of other events could be quoted for similar hindsight correlations, but news is a very convenient one because this same news is received by millions (billions?) of people worldwide.
Inserted Video
Funded trader
731 traders viewing now, 1 is registered:
TonyTepeli