Cable Update (GBPUSD)

Quoting navk

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{quote} Yeah in one week the price shoot up... vertical line. 2484 to 2850. ( close to 400 pips ) Big weekly candle... And no rtrace either.. some mere 20 pips retrace...every day {image}

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Quoting Coreg2004

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{quote} Elysion, I can only talk about what had worked for me to make me a disciplined trader. 1) Choose your signature setup - one for now (with the best win/loss ratio) and sit on your hands (literally not figuratively) until the setup shows up to enter/exit the trade. 2) Write down on the index card what are you going to do, and follow it to the letter. 3) Choose 2-3 trading blocks for 2-3 hours so you sharpen your focus. 4) Do this for the next 20 trades, and then assess the progress. Just give it a try. Good luck.

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Quoting Elysion

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Whomever went long on UJ since Asian open. Congratz on your 200+ pips within a day.

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Quoting Whale

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{quote} seems like its not going to stop. i think this going to be a horror movie for a lot of traders. im not going to short GU in the next decade

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Quoting Fardeen1209

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{quote} Trading Gold is really a headache one. Tried to read the gold chart the same way i read currency, none of my trade been a successful one, even tho i reduced my lot size (demo account) to fit 1% within 70pips.. Each one my trades keep failing, stopped out first then move as expected. In Currency, i think a person can have a slight margin error at his levels of entry (talking about 30mins tf and around 5-6 pips) but for gold that margin of error on 30mins tf easily goes up to 90pips

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Quoting navk

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{quote} Fall is rediculous and still worse. I still remember the fall of GU to 1.0550. All this are games... USD will recover and show its strentgh.

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Quoting navk

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{quote} Yeah in one week the price shoot up... vertical line. 2484 to 2850. ( close to 400 pips ) Big weekly candle... And no rtrace either.. some mere 20 pips retrace...every day {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 navk

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{quote} Fall is rediculous and still worse. I still remember the fall of GU to 1.0550. All this are games... USD will recover and show its strentgh.

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Quoting Ferna

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Going long for a bit. Closed short +10 pips.

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Quoting Elysion

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{quote} I usually place at least 20 pips SL for gold trading even when I entered at tops to avoid the sudden spike moves. It has happened various times in LTF where a single 1 min candle spikes and wipe out stops only to reverse immediately within seconds.

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Quoting Elysion

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{quote} Yeah, I always take note of Coreg's chart and Headland's post. They're of great value. And copytrade master Chiko whenever he posts one

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Quoting Zeiferz

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{quote} are u able to share it with me

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Quoting Tpttonly

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{quote} How about SHort And Short Further Hahaaa {image}

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Quoting T721

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{quote} Noticed you asked about funding. Few below fwiw. FTMO does a 2wk demo you could practice with and after 2wks you just start the demo over again. I have never used a funded account i trade my own book. But i have heard FTMO and MFF are meant to be good. But make sure to do your own DD {image}

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Quoting Elysion

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{quote} I've tried the FTMO trial twice, it was very clunky because my losses from my mt5 isn't the same as the one shown in their statistic trade book. Eg. I made $100 loss today but it shows $110 on their stats instead. I guess that's the downside being handed a demo account to trade due to slippages?

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Quoting AlfieSolomon

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Sell limit {image}

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Quoting Fardeen1209

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{quote} They said it is the most manipulated pair in the world.

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Quoting dantpm

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{quote} I actually believe this is the US forcing the the dollar down. It helps their economy (export sales, stock markets), reduces demand on imports, helps them transition from dependence on China.

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Quoting Robinhood1

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{quote} Hello Dr. There are 6 candles per day @ 4h TF. Your theory may do the job thou. Would have to look into it

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