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Cable Update (GBPUSD)

  • #772,701
  • Sep 5, 2023 8:18am Sep 5, 2023 8:18am
Long 1.2566
SL 1.2544
Face 'ur fears & tame 'ur greed
  • #772,702
  • Sep 5, 2023 8:25am Sep 5, 2023 8:25am
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loose trade no sl no tp
im just assuming we will get some bearish choch
be a thinker before being a reacter
  • #772,703
  • Sep 5, 2023 8:27am Sep 5, 2023 8:27am
Quoting georginson
buy 1 at 1.2542 target 1.3700 buy 2 limit at 1.2495 target 1.2600... All stop at 1.2440.
1.37?

I have long 2552 tp 1.37 just a risk
MY OPINION NOT FINANCIAL ADVISE
  • #772,704
  • Sep 5, 2023 8:27am Sep 5, 2023 8:27am
Quoting TheWraith
Watch out scalpers! Fed's Waller with some red news!
when ??
Insane in the Brain..
  • #772,705
  • Sep 5, 2023 8:29am Sep 5, 2023 8:29am
Quoting BeeTogether
{quote} when ??
Before half an hour hahah
  • #772,706
  • Sep 5, 2023 8:30am Sep 5, 2023 8:30am
Quoting donfriday
{quote} 1.37? I have long 2552 tp 1.37 just a risk
Typo error, I meant 1.2700
Data + Stat + Risk/Emotions Management
  • #772,707
  • Sep 5, 2023 8:33am Sep 5, 2023 8:33am
taking the automation route , we going long
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SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #772,708
  • Edited 9:11am Sep 5, 2023 8:43am | Edited 9:11am
Quoting Ferna
{quote} Hahahahahaha!!!!! Who would have thought that a weak dollar and some oil news would spike the crude? remember that guy who hacked the newswire and found out news 3-4 days before they were released, and made 30 million dollar. They proably held the news until now. should have suspected when i saw the increase in gasolibe prices yesterday

the thing about saudi cuts is they usually get faded LOL

those knuckleheads are their own worse enemies

Quoting Zebi
i trade using price action...more to the point chart reading or tape reading like the old timers did 100 years ago and even before to charles dow price jumped after the first saudi cut but soon started falling....im very proud of myself cause i was shorting that...if anyone is interested you can scroll back and read my posts LOL..even shorted XOM and that was the best trade of my life going on...the market wasnt fazed by the second saudi cut announced this month and it shit on the saudis head right away LOL now we're to the russian civil war crisis...
full disclosure...i did short above 74 and again at 80 and lost on the shorts and havent placed a trade for over a month but this saudi cut i will again on first daily sell sig


so major negative news at the highs only means one thing price will fall LOL...its the contrarian way

edit: i meant good news for a stock like in earnings or this cut for oil at highs means one thing is a price drop..check good earnings reports at stock price highs and bad reports at the stocks lows...price always does the opposite of conventional wisdom
short trump and go long the deepstate
  • #772,709
  • Sep 5, 2023 8:44am Sep 5, 2023 8:44am
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  • #772,710
  • Sep 5, 2023 8:47am Sep 5, 2023 8:47am
Quoting coreg2004
{quote} {quote} 1.2500 is still in play, more likely it is wave c (choppy) and not wave 3 {image}
i see today as day 1 of new york cs of yesterday holiday

probably hold this low and make peak high to 1.2650
MY OPINION NOT FINANCIAL ADVISE
  • #772,711
  • Sep 5, 2023 8:48am Sep 5, 2023 8:48am
this goldminer indi
looks like a great indicator
i am pretty sure that it's a little repainted but it can give great signals
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yes yes yes
  • #772,712
  • Sep 5, 2023 8:57am Sep 5, 2023 8:57am
Quoting Zebi
{quote} the thing about saudi cuts is they usually get faded LOL those knuckleheads are their own worse enemies {quote} full disclosure...i did short above 74 and again at 80 and lost on the shorts and havent placed a trade for over a month but this saudi cut i will again on first daily sell sig so major negative news at the highs only means one thing price will fall LOL...its the contrarian way
The up move is too strong to go against it. Maybe they are planning higher values of about 100$.
  • #772,713
  • Edited 9:11am Sep 5, 2023 8:57am | Edited 9:11am
EURUSD 1 hr looking strong... rsi lower levels...below 50 last few days... 1.0700 nxt...
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  • #772,714
  • Sep 5, 2023 9:07am Sep 5, 2023 9:07am
Quoting Eren10
{quote} The up move is too strong to go against it. Maybe they are planning higher values of about 100$.

wait for a 4H or daily sell signal

i dont deal in conspiracies but i dont think usa will let that fatass prince fook too much with us....biden dont like him cause of the reporters murder so if i was him id worry about a cia visit if he took price to 100
short trump and go long the deepstate
  • #772,715
  • Sep 5, 2023 9:08am Sep 5, 2023 9:08am
Quoting donfriday
{quote} i see today as day 1 of new york cs of yesterday holiday probably hold this low and make peak high to 1.2650
Don, we had yesterday NR4/ID bar. The low was taken out. I think 1.2513-1.2494 is more probable b/c GU has an overhead biatch zone to overcome @1.2592-1.2602,
but we had seen in the past often enough that both ends of ID were played on the same day.
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Always trade your own plan...I don't provide trading signals.
  • #772,716
  • Sep 5, 2023 9:09am Sep 5, 2023 9:09am
Quoting eyefeelsix
{quote} it could possibly go deeper than this careful {image}

target MHP 1.25 for 0.5% risk reward 2.19%

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https://breakpullback.com
  • #772,717
  • Sep 5, 2023 9:18am Sep 5, 2023 9:18am
Quoting Coreg2004
{quote} Don, we had yesterday NR4/ID bar. The low was taken out. I think 1.2513-1.2494 is more probable b/c GU has an overhead biatch zone to overcome @1.2592-1.2602, but we had seen in the past often enough that both ends of ID were played on the same day. {image}
Sir, here the 30mins FVG which lies inside the 4hr FVG
The MID-point of the FVG majority of the time get hits = the most price can go based on the market reaction i have been accumulating for the last 1 1/2 years of spot forex majors
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But they dont work the same for Daily/Weekly FVG and bitcoin and SPX
More time in the market, does not mean you trade better!
  • #772,718
  • Sep 5, 2023 9:31am Sep 5, 2023 9:31am
Quoting Moty
this goldminer indi looks like a great indicator i am pretty sure that it's a little repainted but it can give great signals{image} {image}
live signal
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yes yes yes
  • #772,719
  • Sep 5, 2023 9:39am Sep 5, 2023 9:39am
Quoting PeterCaleb
{quote} Using mt4, I opened a $200+ AUD account. Doing this keeps it realistic for someone to relate to the whats and whys. Seeing as its a basic account, it uses max 1:30 leverage on majors. While the margin reqd is low-ish, there's no choice than to do it manually and overlap orders as little as possible. I get around the games brokers play by manually trading. No I won't go into it more here or anywhere else as that is a no-no. Each person should do their research, placing multiple asset classes side by side from several different locations so...
I think 2% rule depends. With smaller size account, risking more isn't out of the question, because the account is small and earning enough money for it to matter can only be achieved if trader risks more than the traditional 2%. I'm not talking 10% or 20% on one trade, but 4% to 5% is necessity for smaller accounts in my opinion for it to be worth it.

If average pay in your country is 1000 something, whatever, let's say USD and you have 10 000$ on your account, then risking 2% per trade is optimal. You'll have at least 15-20 trades a month and if you're good enough, you'll be able to make an average pay in your country which would make trading very worthwhile and could potentially replace your current job.

If you have 1000$, then, risking 2% on the trade isn't gonna cut it for you to be able to consistently match the average pay in your country.

If you have 100 000$, it's totally different game. Even risking 1% on the trade is more than enough. If you are good, with this kind of account you would only need to make 1% of your equity monthly to beat average pay.

The more one has, the way easier it is.
  • #772,720
  • Sep 5, 2023 9:40am Sep 5, 2023 9:40am
still waiting 2500 breaks and hold for 2460/00 play . , anyway they weekly levels ! and may a test early , now signal 2544 may test 2500 or so ! waiting and watching for targets!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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