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Cable Update (GBPUSD)

  • #762,602
  • Jul 31, 2023 5:37am Jul 31, 2023 5:37am
Quoting Fardeen1209
Hidden
People don't plan to lose. They lose because they don't plan.
  • #762,603
  • Jul 31, 2023 5:52am Jul 31, 2023 5:52am
Quoting PeterCaleb
{quote} Past to present thinking alone doesn't work in the long term.... History proves this over and over. "Teaching" someone an activity is the same as training a seal to do tricks. They'll do the trick over and over but never learn anything. As I have said, it's in the thinking not the activity. Trading, real trading that can adapt to changes is not past to present, never has been. The best you can hope for is speculation. If someone is "bored" maybe try learning something instead of wasting the time you have while alive. If you don't "get every...
Are you talking about a Swiss Franc unpegging type scenario? I've thought about these "black swan" events and how to protect against them, especially if trying to scale in and maximise a longer term position. Being exposed to the market overnight is not something I enjoy..or am very good at adjusting to. You've also talked about not just accepting losses as part of the business. The only way I can see to do this is to have trades running both ways perpetually or some other kind of hedging strategy (that will probably be above my pay grade if it's v complicated). Scaling into longs while scaling out of shorts and vice versa. But the problem I see is a much larger capital required (as always going to have a basket of trades in negative position). I guess separate accounts to allow long and short on same instrument, as well as for accepting the account on wrong side of "black swan" event will be wiped out but compensated for by other account?
I guess you could also use options to hedge positions..not something I've dabbled in so far
  • #762,604
  • Jul 31, 2023 5:54am Jul 31, 2023 5:54am
Quoting Pat Chiko
{quote} Great suggestion. New Account I open one more LIVE account last Friday to test this broker hedging, slippages and efficiency. This scalping trade account for Aug 2023 trades, small change from other account tips. Let see how fast I blow this account by copying other great traders in this thread. (Will not post my usual main account ATM, just focus on this account.){image} GU copy trade {image}
Wow
How I wish you used my link to open the OctaFx account.

OctaFx is a great broker. I love their instant deposits and withdrawals .

Good luck on your neq account
  • #762,605
  • Jul 31, 2023 5:55am Jul 31, 2023 5:55am
Quoting Pat Chiko
{quote} Please give me signal to copy. Thank you
Lolz...I've not seen any viable trade myself.
Maybe we might see some actions during NY Session or I might just wait till tomorrow.
  • #762,606
  • Jul 31, 2023 5:58am Jul 31, 2023 5:58am
Quoting Fardeen1209
Hidden
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How to succeed in zero sum game?
  • #762,607
  • Jul 31, 2023 6:23am Jul 31, 2023 6:23am
GU LONG GOLD LONG
My telegram: https://t.me/avidforex
  • #762,608
  • Jul 31, 2023 6:31am Jul 31, 2023 6:31am
GU UPDATE ---- Just wanted to say if anyone is following me to be bloody careful, The downside from red circle may not happen so risk accordingly. So far price is behaving. If i lose money i dont mind its my money but i dont want others to lose. Good trading all and hope you all make PIPS
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  • #762,609
  • Jul 31, 2023 6:34am Jul 31, 2023 6:34am
Quoting sajad.g
{quote} chfjpy and 200 pips still running... I don't usually trade the jpy pairs (except usdjpy) but seems worth it
Well done, AWESOME trade pal
  • #762,610
  • Jul 31, 2023 6:43am Jul 31, 2023 6:43am
Quoting Wavegarrick
{quote} Good day Folks, Everything in me is telling me to short with a retrace towards my future weekly pivot at 1.28669 ish (yellow high light) and I probably will throw in a couple of shorts at 1.28669 with some more towards 1.290000 with the aim of locking in very quickly. There is a caveat. We are on the last day of the month with my weekly pivots contracting so we could see volatile moves. A clear break below 1.27715 could see an acceleration in shorts. On the flip side, a clear break above 1.29303 could see an...
Sell trade in at 1.28669.
Cheers.
Trade to trade another day
  • #762,611
  • Jul 31, 2023 7:00am Jul 31, 2023 7:00am
Quoting Yngwie
Long 1.2838 SL 1.2820
closed 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #762,612
  • Jul 31, 2023 7:01am Jul 31, 2023 7:01am
took short...its reject H4 at middle bands..could be test lower until tomorrow or make new low today..
SL manually close if H4 closed above 2890.. trade safe..
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  • #762,613
  • Jul 31, 2023 7:14am Jul 31, 2023 7:14am
Quoting voeltoez
took short...its reject H4 at middle bands..could be test lower until tomorrow or make new low today.. SL manually close if H4 closed above 2890.. trade safe.. {image}
done...closed all..half recovery from friday disaster..
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  • #762,614
  • Jul 31, 2023 8:08am Jul 31, 2023 8:08am
Quoting JereMi256
{quote} 2nd scenario {image}
Scenario 2 is preferred at the moment.
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Face 'ur fears & tame 'ur greed
  • #762,615
  • Jul 31, 2023 8:10am Jul 31, 2023 8:10am
Quoting voeltoez
took short...its reject H4 at middle bands..could be test lower until tomorrow or make new low today.. SL manually close if H4 closed above 2890.. trade safe.. {image}
good call I think, Fridays high not being tested at all
Insane in the Brain..
  • #762,616
  • Jul 31, 2023 8:14am Jul 31, 2023 8:14am
Quoting JereMi256
{quote} Scenario 2 is preferred at the moment. {image}
Doing hindsight posts for now, until I finish revising my strategy.

Please follow with caution!
+256
Face 'ur fears & tame 'ur greed
  • #762,617
  • Jul 31, 2023 8:19am Jul 31, 2023 8:19am
Re entered long at 12840
Insane in the Brain..
  • #762,618
  • Jul 31, 2023 8:26am Jul 31, 2023 8:26am
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1.28103 wait n see...
GBPUSD
Brk Out Long1.29117
Short1.28792
HL21.28683
HL11.28575
LL11.28357
LL21.28249
Long11.28140
Brk Out Short1.27815
  • #762,619
  • Jul 31, 2023 8:27am Jul 31, 2023 8:27am
Quoting BeeTogether
Re entered long at 12840
I don't see a clear sign of this reversing yet.

edit
I guess you don't need a clear sign of a reversal.
  • #762,620
  • Jul 31, 2023 8:36am Jul 31, 2023 8:36am
Quoting dantpm
{quote} I don't see a clear sign of this reversing yet. edit I guess you don't need a clear sign of a reversal.
it’s range trading. Test high and it drops tests low and it goes up that’s all I can see give or take a few pips.
Insane in the Brain..
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