Cable Update (GBPUSD)

Quoting purevenom

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{quote} How you put your stop? At swing low/high? Just an idea, have an emergency stop pips away from that swing. Close manually when it close above/below it. Not statistically tested it. But i think we can agree, a breakout is more convincing if the close is higher/lower from peak/valley.

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Quoting purevenom

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{quote} Then i'm not sure why we have this argument mate. I mean, you doubt my statement that "that" one tma in the pict. is repainting. You said you use it and i might be wrong. But you really not interested enough to compare/prove it. Whahaaat.... You know, all i asked from the poster to test it before they use it & gave my caution from my experience with tma.

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Quoting Moty

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for 12 pips {image}

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Quoting JereMi256

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{quote} Stopped out!

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Quoting iusman23

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{quote} I didn't get you, can you please explain it simply?

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Quoting Moty

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for 12 pips {image}

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Quoting purevenom

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{quote} {image} Let say your plan to put your stop at yellow, but instead put 50-100 or whatever pips you feel comfortable above it as emergency stop. Just in case there is unknown circumstances that you can't be in front of the screen. You can use a trend line alert to notice you when price about to hit that level so you can get ready. Close it manually when the candle close above it. We often see that price hit those peak just to trigger stop & come back down. But again it comeback to you, will you comfortable with it. Cause you know, the breakout...

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Quoting iusman23

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{quote} Took 7 trades today, only 1 was in profit and the rest are huge loses more than 15$, just because I had sl in distance to avoid its hunt. but, it kept hunted.

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Quoting dantpm

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{quote} Did the trades you hit SL turn around after the stop loss or continue in the same direction? The ones that turned around, was there a signal for an entry that was better?

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Quoting DrDave

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{quote} Yes, I doubt your statement that the TMA in that picture repaints. Why? Because just seeing a TMA on a chart does not tell you if it is a repainting or non-repainting version. so with either one possible, that means doubt. Why would I care about REDOING something that I have already done in the past and came to a conclusion about? If the poster is interested in the issues of painting vs. non-repainting, he can certainly delve further into the matter for himself. And similarly to you, I gave information from my experience with using both...

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Quoting iusman23

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{quote} Only one kept going on its direction, rest hit me SL and moved to my TP direction. The one turned around had 1 bearing and second bullish candle with a wick below it.

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Quoting dantpm

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{quote} I suggest you look to your entry points. It appears that you are trying to get in too early.

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Quoting iusman23

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{quote} Took 7 trades today, only 1 was in profit and the rest are huge loses more than 15$, just because I had sl in distance to avoid its hunt. but, it kept hunted.

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