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Cable Update (GBPUSD)

  • #778,001
  • Sep 26, 2023 2:43am Sep 26, 2023 2:43am
Off for coffee... gl folks!
  • #778,002
  • Sep 26, 2023 2:44am Sep 26, 2023 2:44am
Quoting iusman23
Loss of $150 just because of hitting stop loss.
some traders are trying to help you by asking questions.
But you dont seem to want to answer and learn.
Right now you are just guessing and throwing out one liners.

So what is your goal?
in wondering about yourself, you forgot what you came here to be part of
  • #778,003
  • Sep 26, 2023 2:47am Sep 26, 2023 2:47am
Quoting knkie
{quote} some traders are trying to help you by asking questions. But you dont seem to want to answer and learn. Right now you are just guessing and throwing out one liners. So what is your goal?
I have all the screenshots of the questions, few reached me out in DM. I'll answer when I'll feel relaxed.
Secret to the Price Action is Liquidity.
  • #778,004
  • Sep 26, 2023 2:48am Sep 26, 2023 2:48am
It will go down until 1.214~
I place buy limit at 1.2145
  • #778,005
  • Edited 2:59am Sep 26, 2023 2:49am | Edited 2:59am
Quoting FulMargnAlch
test buy, 15p SL, 50p TP.
BE hit, not sure if I'll buy again. Maybe wait for more info.

Edit: Same buy again.
The market hides a perfect geometry.
  • #778,006
  • Sep 26, 2023 2:51am Sep 26, 2023 2:51am
Quoting iusman23
Looks like it'll dump again. It's bouncing at the support.
im here for it, got in at 1.21944 looking to close out 445
  • #778,007
  • Sep 26, 2023 2:53am Sep 26, 2023 2:53am
GU scalping this morning
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  • #778,008
  • Sep 26, 2023 2:58am Sep 26, 2023 2:58am
Quoting knkie
{quote} Some traders are trying to help you by asking questions. But you don't seem to want to answer and learn. Right now you are just guessing and throwing out one-liners. So what is your goal?
Let me explain from the start.
It's about last week's Monday, I got myself a prop account with a $600 loss margin total and $300 per day loss. I started with 0.05 lot size to make sure I was secure. I took a session with Mr. T721 and from that session, I learned about the liquidity concept which really helped me to predict the price movement.
I started making profits with a 0.05 lot size. Later I increased the size to 0.2 and 0.3 (Which currently I am using).
I was in profit the whole week. But I made a mistake, forgot to put SL on last Friday with 0.3 lot and went to bed. Woke up, and saw that because of the news I am under $100 loss. I started playing safe and started selling and buying at resistance and support. Somehow, I recovered $96. Then yesterday, I took 9 trades, my first trade was with 0.3 lot size and got me $29.60. Again, I was in profit.
Then, the rest of the 8 trades were like -14, -15, -17. In short, I kept losing because SL was hitting again and again. Because of that, I literally feel low and underconfident. I took 2 trades again an hour ago and both got hit by SL, it was 20$ loss again.
It is really frustrating me. I cannot figure out where I was pro last week and where I am lacking now. The questions I am being asked are containing fancy terms, I am just a month old trader. So, I cannot answer fancy terms. I am waiting for Mr. T721 to come back.
I see, many trying to cope and help me, I tried a few's ideas but still not working. I was so relaxed when I took trade, properly analyzed it yet failed.
I just need a helping hand where I can learn the buy and selling signals but in simple and easy way.
Secret to the Price Action is Liquidity.
  • #778,009
  • Sep 26, 2023 2:58am Sep 26, 2023 2:58am
Quoting Georginson
{quote} GBPUSD has also attained expected 500+ pips for the month, with just 3 trade days left to end this quarter and current month, correction is very much possible.
it's the exact opposite
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,010
  • Sep 26, 2023 3:00am Sep 26, 2023 3:00am
Quoting iusman23
{quote} Let me explain from the start. It's about last week's Monday, I got myself a prop account with a $600 loss margin total and $300 per day loss. I started with 0.05 lot size to make sure I was secure. I took a session with Mr. T721 and from that session, I learned about the liquidity concept which really helped me to predict the price movement. I started making profits with a 0.05 lot size. Later I increased the size to 0.2 and 0.3 (Which currently I am using). I was in profit the whole week. But I made a mistake, forgot to put SL on last...
At this point, I know GBP/USD will retrace to its previous support and then will go short again, but zero confident left to decide where and when to take entry.
Secret to the Price Action is Liquidity.
  • #778,011
  • Sep 26, 2023 3:00am Sep 26, 2023 3:00am
Did not take the stop on the 5 min entry . Even thou I never placed a stop . I just have some trades on manual at this time . So it might ????go up . !! 1920 ??
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  • #778,012
  • Edited 3:12am Sep 26, 2023 3:01am | Edited 3:12am
risk ;little increased with london open , ok , waiting , breakout down next ! take care
2185 + move to see again if bo
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #778,013
  • Sep 26, 2023 3:10am Sep 26, 2023 3:10am
Quoting iusman23
{quote} Let me explain from the start. It's about last week's Monday, I got myself a prop account with a $600 loss margin total and $300 per day loss. I started with 0.05 lot size to make sure I was secure. I took a session with Mr. T721 and from that session, I learned about the liquidity concept which really helped me to predict the price movement. I started making profits with a 0.05 lot size. Later I increased the size to 0.2 and 0.3 (Which currently I am using). I was in profit the whole week. But I made a mistake, forgot to put SL on last...
Well im sure some have advised you to go to a very small lot size.
Like 0.01 would be great.
But you continue to use 0.3
So if you ask advise, you should follow it
But im sensing you are stubborn, so you have a long road ahead
good luck
in wondering about yourself, you forgot what you came here to be part of
  • #778,014
  • Sep 26, 2023 3:12am Sep 26, 2023 3:12am
Volume trying to push GU higher, gonna fail, dump eet
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  • #778,015
  • Sep 26, 2023 3:13am Sep 26, 2023 3:13am
You can do it London
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #778,016
  • Sep 26, 2023 3:15am Sep 26, 2023 3:15am
Quoting elbert3
Did not take the stop on the 5 min entry . Even thou I never placed a stop . I just have some trades on manual at this time . So it might ????go up . !! 1920 ?? {image}
so the 5 min rule worked out 21920 area for now before adding shorts I think
PUT A FIB ON IT SEE WHERE ITS GOING
  • #778,017
  • Sep 26, 2023 3:16am Sep 26, 2023 3:16am
Quoting Georginson
{quote} Monday Tuesday Range is expected to have 90 - 130 pips, this means if price doesn't break 1.2180, we may see aggressive push to 1.2280 - 1.2300 today. Also noteworthy that dxy is already at double top for the year and GBPUSD has also attained expected 500+ pips for the month, with just 3 trade days left to end this quarter and current month, correction is very much possible.
the correction is way over dude, we have seen 1000 pips downwards since July , currently from an economic standpoint 130 is not gonna happen unless we have a drastic drop in the value of the USD. Maybe a correction of 200-300 pips take us near 125. Which could then act as as a resistance level
Insane in the Brain..
  • #778,018
  • Sep 26, 2023 3:17am Sep 26, 2023 3:17am
Messy PA.

CLOSED ALL LONGS.

till NY.
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#Stay blue. /swinger/scalper/
  • #778,019
  • Sep 26, 2023 3:19am Sep 26, 2023 3:19am
Quoting knkie
{quote} Well im sure some have advised you to go to a very small lot size. Like 0.01 would be great. But you continue to use 0.3 So if you ask advise, you should follow it But im sensing you are stubborn, so you have a long road ahead good luck
I've tried changing lot sizes, major I am facing is my entry points are wrong, I don't know where I am mistaken for that.
Secret to the Price Action is Liquidity.
  • #778,020
  • Sep 26, 2023 3:20am Sep 26, 2023 3:20am
Test short @1.2183

SL 1.2200
TP 1.2140
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