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Cable Update (GBPUSD)

  • #777,201
  • Sep 21, 2023 12:51pm Sep 21, 2023 12:51pm
Quoting iusman23
Can someone explain why GU can climb up to 1.238 before dipping 1.215? I can't analyze this in chart. I only see max price retracing point at 1.230 before riding low.

look at parveenverma profile and click his images...he gave an example yesterday i think about untested levels

i dont subscribe to that myself cause his way only works in a ranging market like gold... i determine my targets differently which i cant say without exposing my system
short trump and go long the deepstate
  • #777,202
  • Sep 21, 2023 12:52pm Sep 21, 2023 12:52pm
Quoting Whale
{quote} i know what is NQ The price is strange. and i can give tones of example of brokers.. i have manage plenty. {image} {image}
I know you know normal and ft
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People don't plan to lose. They lose because they don't plan.
  • #777,203
  • Sep 21, 2023 12:56pm Sep 21, 2023 12:56pm
Quoting ScalaFX
{quote} partials taken, protected, loss covered plus some shekels
26670 closing here all, I must control my greed
People don't plan to lose. They lose because they don't plan.
  • #777,204
  • Sep 21, 2023 12:59pm Sep 21, 2023 12:59pm
Quoting Coreg2004
{quote} Bones, as of right now we need to find the end of C/ or wave 3. I changed the tactics and used the channel b/c we might deal with ending diagonal formation. {image}
Thanks yeah, I would think its a 3, maybe next week the retrace
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,205
  • Sep 21, 2023 1:02pm Sep 21, 2023 1:02pm
just came back to the terminal

i am going to scalp with small lot size:

M5
2298
10 pips

then if M15 breaks 2284:
Let it ride

could ofcourse not pan out
in wondering about yourself, you forgot what you came here to be part of
  • #777,206
  • Sep 21, 2023 1:05pm Sep 21, 2023 1:05pm
Quoting ScalaFX
{quote}I know you know normal and ft {image}
exactly ..


Your broker let you trade not a future contract?

PS mt4 must update the app for ipad its sucks.
  • #777,207
  • Sep 21, 2023 1:08pm Sep 21, 2023 1:08pm
Quoting Whale
{quote} exactly .. Your broker let you trade not a future contract? PS mt4 must update the app for ipad its sucks.
yes, I can choose. Mt4 Ipad app sucks but I switch to mt4 from Fxpro Ctrader becouse is more simply and I have all my accounts there and I can switch all brokers and accounts
People don't plan to lose. They lose because they don't plan.
  • #777,208
  • Sep 21, 2023 1:09pm Sep 21, 2023 1:09pm
your system works its just market condition that change sometimes...


keep a good risk reward
MY OPINION NOT FINANCIAL ADVISE
  • #777,209
  • Sep 21, 2023 1:10pm Sep 21, 2023 1:10pm
a daily close above 2332 and ill go long and hold thru next week


if daily close under that will short bounces tomoro but im done for today
short trump and go long the deepstate
  • #777,210
  • Sep 21, 2023 1:13pm Sep 21, 2023 1:13pm
Quoting Waveskierrob
{quote} you can still compound you lot sizes just takes more time...

that is something I need to try…
Insane in the Brain..
  • #777,211
  • Edited 1:28pm Sep 21, 2023 1:15pm | Edited 1:28pm
I think the weekly will print 3 identical crows, like this example
and the chart I posted earlier
it's the bodies that are identical.(Real-Life =Roughly)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,212
  • Sep 21, 2023 1:17pm Sep 21, 2023 1:17pm
Quoting BeeTogether
{quote} that is something I need to try…
I should start compounding but exchange big profit for stress free trading...
  • #777,213
  • Sep 21, 2023 1:21pm Sep 21, 2023 1:21pm
Again
No mercy
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yes yes yes
  • #777,214
  • Sep 21, 2023 1:26pm Sep 21, 2023 1:26pm
Quoting Fardeen1209
{quote} 10pips SL is a bit tight, imho, but an invalidation level of 1x ATR or the next closest liquidity level might always be used as a signal to assess if the trade will failed or just a liquidity grab. I guess thats where a trader have to trust his strategy, knowing his next few trades will recover his manageable losses, and PAT's partial TP and Re-add back did really played the crucial part of how i perceived the loss. It shaped my whole psychological aspect of the trade management. Knowing the next few trades will recover the losses, it is...

I will put this in a frame and remember it in each entry.
JEM
  • #777,215
  • Sep 21, 2023 1:31pm Sep 21, 2023 1:31pm
not technically a hammer, monitor the next open
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,216
  • Sep 21, 2023 1:35pm Sep 21, 2023 1:35pm
price danced around my entry level (oval)
thats my mistake: i didnt wait for the break.
It seems to be working out now.
if it does 2285 would be a new decision level on m15

this is m5
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in wondering about yourself, you forgot what you came here to be part of
  • #777,217
  • Sep 21, 2023 1:35pm Sep 21, 2023 1:35pm
Food for thought for newbies. In stead of trading 1 full lot with a 10 pip stop which in most cases will be taken out when a signal materializes. Trade .10c lots after every 10 pip drop which will lead you to 100 pips draw down but the same monetary value as a 10 pip stop on 1 full lot. The chances become more likely that your trade will materialize because price always retraces. Maybe not as much if your trade took off on the 1 dollar lot which probably 95 percent of the time will not happen. Trading is and never will be a get rich quick scheme.
Just a small but crucial step in the development of a trader.
Cheers.
Trade to trade another day
  • #777,218
  • Sep 21, 2023 1:36pm Sep 21, 2023 1:36pm
Quoting iusman23
Just saw a news, Russia completely banned Gasoline supply. Which is an indicator of rising sign in oil demand, more demand is equal to price hike.
Doubt it. Saudi can just reverse the cuts they were going to make to try to drive prices up.
  • #777,219
  • Sep 21, 2023 1:36pm Sep 21, 2023 1:36pm
Quoting AlfieSolomon
{quote} I have problem of taking small position my psychology says that if the lot is small you won't earn considerable amount of money,how should I deal with it ,
Risk more on the trade. Risk 3% or 4% of equity on one trade (this should be your SL). If even 3% or 4% is not enough to make enough money for you, then you'll need more capital. Risking 5% or more on one trade is just not good money management.

Of course your potential profit should be at least as equal as the SL!

That's my opinion only..
  • #777,220
  • Sep 21, 2023 1:43pm Sep 21, 2023 1:43pm
very exciting
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in wondering about yourself, you forgot what you came here to be part of
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