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Cable Update (GBPUSD)

  • #777,281
  • Sep 22, 2023 1:53am Sep 22, 2023 1:53am
Quoting knkie
{quote} the difference is that Traders hate risk, gamblers live for it. its an adrenaline rush even losing is exciting and yes, a person can get addicted to losing.
are there professional gamblers, horses, poker, I'm sure they manage their risk they have to or they will lose their income, not saying I'm right just saying...
  • #777,282
  • Sep 22, 2023 1:56am Sep 22, 2023 1:56am
Quoting Fardeen1209
{quote} It really take a lot of time to fully integrate this trading aspect at a functional level in your trading belief. GL with it. Always calculate risk and appropriate lot size before push the buy/sell button. It will save you a lot from emotional trauma.
"ALWAY CANCULATE risk and APPROPRIATE LOT SIZE before push the Botton " IT IS VERY VERY CRITICAL in this bussiness.
  • #777,283
  • Sep 22, 2023 1:58am Sep 22, 2023 1:58am
Ok hares running....sorry I mean London's opening...
  • #777,284
  • Sep 22, 2023 1:59am Sep 22, 2023 1:59am
Quoting Waveskierrob
{quote} are there professional gamblers, horses, poker, I'm sure they manage their risk they have to or they will lose their income, not saying I'm right just saying...
The house never lose
More time in the market, does not mean you trade better!
  • #777,285
  • Sep 22, 2023 1:59am Sep 22, 2023 1:59am
Quoting Wavegarrick
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....
with this statement, you have explained more aptly than any info-forex-website what the benefits of DCA (dollar cost averaging) are;-)
trading is like dancing, don't think and just listen to the music!
  • #777,286
  • Sep 22, 2023 2:01am Sep 22, 2023 2:01am
Quoting Waveskierrob
{quote} are there professional gamblers, horses, poker, I'm sure they manage their risk they have to or they will lose their income, not saying I'm right just saying...
the only casino game that you can manage risk at is several forms of poker.
All the other games have probability on the side of the house

same goes for brokers: they have the edge.
SO if all you are doing is switching indicators every day hoping to find the secret sauce, you will lose.

and if a person loses consistently for several years and seems to get excited about it, well then i think that person has an addiction
in wondering about yourself, you forgot what you came here to be part of
  • #777,287
  • Sep 22, 2023 2:04am Sep 22, 2023 2:04am
Quoting knkie
{quote} the only casino game that you can manage risk at is several forms of poker. All the other games have probability on the side of the house same goes for brokers: they have the edge. SO if all you are doing is switching indicators every day hoping to find the secret sauce, you will lose. and if a person loses consistently for several years and seems to get excited about it, well then i think that person has an addiction
ok we'll have to settle for " we agree to disagree" thanks for your input...
  • #777,288
  • Sep 22, 2023 2:05am Sep 22, 2023 2:05am
Quoting Waveskierrob
{quote} ok we'll have to settle for " we agree to disagree" thanks for your input...
No problem
I'm happyvto help
in wondering about yourself, you forgot what you came here to be part of
  • #777,289
  • Sep 22, 2023 2:06am Sep 22, 2023 2:06am
Quoting Fardeen1209
{quote} The house never lose
they did when card counting blackjack...
  • #777,290
  • Sep 22, 2023 2:10am Sep 22, 2023 2:10am
I waiting for a long signal
There were 3 short signal but without confirmation from the ribbon
We need it. To be green
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yes yes yes
  • #777,291
  • Sep 22, 2023 2:12am Sep 22, 2023 2:12am
Morning . A lot of people quoting 2150 now . I have been doing that for weeks .. but don’t hold tight that it might go directly to that number today 2312/20 area is sill possibly, and if it starts heading that way some might close short trades and go long only to find the long then become shorts . So cable can be unpredictable. So let’s be careful out there lol
  • #777,292
  • Sep 22, 2023 2:15am Sep 22, 2023 2:15am
Quoting elbert3
Morning . A lot of people quoting 2150 now . I have been doing that for weeks .. but don’t hold tight that it might go directly to that number today 2312/20 area is sill possibly, and if it starts heading that way some might close short trades and go long only to find the long then become shorts . So cable can be unpredictable. So let’s be careful out there lol
Inserted Video
  • #777,293
  • Sep 22, 2023 2:17am Sep 22, 2023 2:17am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,294
  • Sep 22, 2023 2:18am Sep 22, 2023 2:18am
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Come on baby
  • #777,295
  • Sep 22, 2023 2:18am Sep 22, 2023 2:18am
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  • #777,296
  • Sep 22, 2023 2:20am Sep 22, 2023 2:20am
Quoting Moty
I waiting for a long signal There were 3 short signal but without confirmation from the ribbon We need it. To be green {image}
Mf
Dx will not pass 105.4
The turned green just before the drop
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yes yes yes
  • #777,297
  • Sep 22, 2023 2:20am Sep 22, 2023 2:20am
Quoting Moty
get ready for 1.28000
Not now, not this month.....look at the monthly.
Most likely correct to 1.25-1.26 and could continue down to 1.19-1.20 IMO.
Lost....
  • #777,298
  • Sep 22, 2023 2:21am Sep 22, 2023 2:21am
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Just missed it yesterday 2222 now initial target
  • #777,299
  • Sep 22, 2023 2:24am Sep 22, 2023 2:24am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,300
  • Sep 22, 2023 2:25am Sep 22, 2023 2:25am
jsut caught 10 pips

2257 is key. M30 must close below it.
only short then
in wondering about yourself, you forgot what you came here to be part of
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