Cable Update (GBPUSD)

Quoting Fardeen1209

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{quote} Weekly OB at 1.300 looks like a targeted zone for large traders. Question will the market goes to 1.3 first then retrace or retrace to 1.266 EQH then 1.3? Current price at almost exactly half distance between these 2 targets

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Quoting navk

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{quote} Exactly, the people never posts update on the trades. Poor new guys follow think that still the trades are open, Coreg mentioned that I took a trade few days ago with 70 pips profit. Most of times, i get out of trade if asian high breaks out. Or my risk management EA takes loss. On the same day... some people found that price as daily resistance and had bigger target. And the moral of the story is : NEVER EVER COPY ANYONE NEVER EVER TRADE WITHOUT A STOP LOSS. Because the analysis posted here is free one and DO NOT EXPECT UPDATE

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Quoting Pat Chiko

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{quote} Hi Fardeen Bro. The same principle applies to lower time frames, (in this case M30) as they follow the same sequence. Just remember that there is always an inducement before the actual QM. Some people call this the break stop zone (BSZ), while others call it a trap. These are the levels that you need to be aware of when taking any QM trades. Always start by analyzing the structure first, and then time your entry, usually at the close of the H4 or H1 candle. No matter what you call it, this is a technique used by market makers (MMs) to get...

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Quoting noox

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{quote} Will you keep us updated on how it goes? I always wanted to see how one can get out of a hedged position at breakeven. As it stands you have 25% loss locked, so how are you going to start shrinking it?

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Quoting Elysion

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{quote} Yeah, this week I definitely failed miserably due to not checking on weekly tf. I rarely used that timeframe so I didn't actually thought about it. Now that I've seen it, the dip on Monday was a good place to buy and hold through the week.

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Quoting navk

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{quote} Exactly, the people never posts update on the trades. Poor new guys follow think that still the trades are open, Coreg mentioned that I took a trade few days ago with 70 pips profit. Most of times, i get out of trade if asian high breaks out. Or my risk management EA takes loss. On the same day... some people found that price as daily resistance and had bigger target and never posted an update on daily resistance trade. And the moral of the story is : NEVER EVER COPY ANYONE NEVER EVER TRADE WITHOUT A STOP LOSS. Because the analysis posted...

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Quoting Georginson

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{quote} I will wait and observe 4 hours trend which is now showing exhaustion, now I have removed 65% buy at 1.2820... the journey begins here.

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Quoting Pat Chiko

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{quote} Hi Fardeen Bro. The same principle applies to lower time frames, (in this case M30) as they follow the same sequence. Just remember that there is always an inducement before the actual QM. Some people call this the break stop zone (BSZ), while others call it a trap. These are the levels that you need to be aware of when taking any QM trades. Always start by analyzing the structure first, and then time your entry, usually at the close of the H4 or H1 candle. No matter what you call it, this is a technique used by market makers (MMs) to get...

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Quoting Pat Chiko

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{quote} My plan is always to copy other people trades. Does that count as plan ?.... {image}

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Quoting Pat Chiko

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{quote} Hey Ely, Don't worry, sis. We'll do better next week and stay focused. It's okay to make mistakes. Everyone does. Follow Goreg's posts and you'll be on the safe side. Goreg is a knowledgeable and experienced trader. He can provide you with valuable insights and advice. By following his posts, you can stay ahead of the curve and make better trading decisions. The important thing is to learn from them and move on. Next week, you can focus on doing your best and staying on track. I recommend taking a cold shower to cool things down. If you're...

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Quoting shakmoney

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{quote} Are you still targeting 1.2680?

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Quoting Orangeapple

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{quote} There's a good book that talks about that - Trading In The Zone I think its called? It had these idea that when we trade a system we view the market objectively thus can make better decisions. To deviate from a system creates these mental blocks so we cannot view the market as accurately, thus our accounts suffer.

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Quoting Elysion

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{quote} Yeah I still have the pdf file with me. Maybe it's time to read it again.

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Quoting Whale

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Guys, relax. We are in a trading forum, dont take things too serious, it's not good for your health, trust me. Thats why i hate price going to the extreme in one week, the demons are breaking out the closet.

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Quoting fontu

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{quote} likely typical may due overtrading , revenge trading or continuous trading or simply more confidence in any set ups / system or mental . be more flexible , specially in scalping , little in swing multi day and medium to long term low ! always take a pause when there problem , but not go against market , we always do as in any probable limit , tl or any such levels as per wave form in charts ! not likely it be works always. though 90% cases ok near perfect still some turmoils need to shakeout to and work perfect at last ! so all ok , still...

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Quoting Elysion

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{quote} Yeah I still have the pdf file with me. Maybe it's time to read it again.

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