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Cable Update (GBPUSD)

  • #779,861
  • Oct 3, 2023 9:53am Oct 3, 2023 9:53am
it is wise to wait until the market calms down.
after the news.
  • #779,862
  • Oct 3, 2023 9:54am Oct 3, 2023 9:54am
Quoting Moty
You will go up mf All those fancy smency will not help you to shake me {image}
lol 200 pip drawdown
  • #779,863
  • Oct 3, 2023 9:57am Oct 3, 2023 9:57am
oh my
quite exciting
m30 tails
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #779,864
  • Oct 3, 2023 10:00am Oct 3, 2023 10:00am
Quoting Elysion
I'm looking at UJ lol. I kinda wanna see what it'll happen in the next few hours.
Took short there
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yes yes yes
  • #779,865
  • Oct 3, 2023 10:01am Oct 3, 2023 10:01am
added one long at 2080...would have added 4 longs if the hourly candle closed green
short trump and go long the deepstate
  • #779,866
  • Oct 3, 2023 10:02am Oct 3, 2023 10:02am
Direction is still firmly down save a retrace or two.
  • #779,867
  • Oct 3, 2023 10:03am Oct 3, 2023 10:03am
Quoting shakmoney
{quote} lol 200 pip drawdown
all that to make like 15 pips . Risking 200 pips for 20 . That’s his trading style
Master your mind. Master Trading.
  • #779,868
  • Oct 3, 2023 10:04am Oct 3, 2023 10:04am
Quoting KareemAliFx
{quote} all that to make like 15 pips . Risking 200 pips for 20 . That’s his trading style
that is bizarre
  • #779,869
  • Oct 3, 2023 10:06am Oct 3, 2023 10:06am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #779,870
  • Oct 3, 2023 10:07am Oct 3, 2023 10:07am
Quoting shakmoney
{quote} that is bizarre
It can be a solid system because if you trade 20 pips win and 200 pips SL your CRR in the end is still 1:1 (so you lose exactly what you earned) if you test it. Market is not only trend biased. My experience. But you have to analyze a lot to make systems like that work for you.
  • #779,871
  • Oct 3, 2023 10:07am Oct 3, 2023 10:07am
Quoting OutThere
Direction is still firmly down save a retrace or two.
Still holding longs, SL at 1.2055, if it hits then I'll see if I should short.
Exhausted
  • #779,872
  • Oct 3, 2023 10:11am Oct 3, 2023 10:11am
Quoting JackintheBox
{quote} It can be a solid system because if you trade 20 pips win and 200 pips SL your CRR in the end is still 1:1 (so you lose exactly what you earned) if you test it. Market is not only trend biased. My experience. But you have to analyze a lot to make systems like that work for you.
that is the worst system to make 20 pips
  • #779,873
  • Oct 3, 2023 10:11am Oct 3, 2023 10:11am
Quoting JackintheBox
{quote} I don't trade three currencies: GBP/CHF, GBP/CAD and CAD/CHF. Moves for me a too straight. Are you a trend trader or swing?
hi sorry i have been busy most of the day ..i just trade what i see daily, and on the whole nothing much has changed from longing at the 2050 area ,,Regards E
  • #779,874
  • Oct 3, 2023 10:15am Oct 3, 2023 10:15am
For some reason I think we'll get stuck in this range of 1.209 ~ 1.2055.
Exhausted
  • #779,875
  • Edited 10:55am Oct 3, 2023 10:15am | Edited 10:55am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #779,876
  • Oct 3, 2023 10:16am Oct 3, 2023 10:16am
We may hit 1.20268/1.20100 area before going long.
Signals: H4 short, H1 short, Daily Short, Weekly Short.
Even H1 is short.

Better wait for confirmation before taking long.
Secret to the Price Action is Liquidity.
  • #779,877
  • Oct 3, 2023 10:17am Oct 3, 2023 10:17am
Quoting JackintheBox
{quote} It can be a solid system because if you trade 20 pips win and 200 pips SL your CRR in the end is still 1:1 (so you lose exactly what you earned) if you test it. Market is not only trend biased. My experience. But you have to analyze a lot to make systems like that work for you.
that’s just terrible risk to reward ratio
Master your mind. Master Trading.
  • #779,878
  • Oct 3, 2023 10:18am Oct 3, 2023 10:18am
M15
possibly.
price needs to break the diagonals
then there is still H4 R up there
Potential 40 pips with 20 SL ? is it worth it?

Edit: i bought 2066 with a smaller lot size
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in wondering about yourself, you forgot what you came here to be part of
  • #779,879
  • Oct 3, 2023 10:21am Oct 3, 2023 10:21am
Quoting JackintheBox
{quote} It can be a solid system because if you trade 20 pips win and 200 pips SL your CRR in the end is still 1:1 (so you lose exactly what you earned) if you test it. Market is not only trend biased. My experience. But you have to analyze a lot to make systems like that work for you.
Yeah I heard about it somewhere about the negative risk to reward system.
But it is not easy to apply it in live market to be successful.
Exhausted
  • #779,880
  • Oct 3, 2023 10:30am Oct 3, 2023 10:30am
Quoting Elysion
{quote} UJ is climbing back up though. Our longs may not be safe.
yeah I see. UJ back to square area
Insane in the Brain..
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