Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} You mean LONG ?

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Quoting eyefeelsix

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{quote} Thanks for your support brother senior, but I still have 28 pairs of opportunities in the forex market that are easier to make m$ney hehe {image} GoodLuck to you!

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Quoting Scotteyy

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{quote} No I mean short, my system tells me we are still in a downtrend. Although, I am concious that price is struggling to get past this 1.24 barrier and we may be entering a ranging market. Will wait and see what price action shows. I do not trade counter to trend unless price reachs S2/R2 on daily or weekly.

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Quoting Fardeen1209

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{quote} Thanks for the insight bro. I always thought that we can do it by the way of reducing our risk in terms of pip count by half then increase position size twice, this way on the same price movement we can get a Risk-reward ratio of 1:6 which was once 1:3. But the problem comes with tighter SL => higher chance of being stopped before the party begins

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Quoting maxi444

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{quote} we can reduce the risk to zero, if we only open positions that will be successful

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Quoting maxi444

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{quote} we can reduce the risk to zero, if we only open positions that will be successful

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Quoting Fardeen1209

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{quote} At the time we open a positions chance always remains 50-50 no matter how good the strategy or analysis is/are, but once we saw momentum developing in our favour, we can add more, but that momentum could easily evaporate within second. So for me Risk always present at any given point in time, when we have money running on the market

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Quoting maxi444

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{quote} How did you come to 50-50? It can be 40-60 a.s.o. Momentum is a bad rule, you must find other rules, for at least 20 pips.

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Quoting Fardeen1209

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{quote} How do you know for sure when you put on a trade and said "This is it, price must go from X to Y?"

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Quoting Pat Chiko

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{quote} GU Revenge Trades {image}

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Quoting genadi

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{quote} so mature trading style

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Quoting Pat Chiko

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{quote} GU Revenge Trades {image}

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Quoting Scotteyy

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Short 12407, SL 12417, TP 12370.

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