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Cable Update (GBPUSD)

  • #788,181
  • Nov 6, 2023 5:55am Nov 6, 2023 5:55am
As you begin your journey in Forex; put in mind these two elements

1. When ever I lose, how much money or pips I’m I giving away.
2. When ever I win, how much money or pips I’m I gaining.

one to one ratio, is not advisable! Because you’re definitely going to lose more than you win trades.

It is how much you gain whenever you win that covers the number of trades lost.

So when practicing, put this at the back of your mind. It is the strongest tool to employ in order to win in Forex.
My telegram: https://t.me/avidforex
  • #788,182
  • Nov 6, 2023 6:08am Nov 6, 2023 6:08am
been following this thread for sometimes now and i learned a lot from you guys. thanks guys.
  • #788,183
  • Nov 6, 2023 6:10am Nov 6, 2023 6:10am
Yiu shell not pass 1.07600 mf
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yes yes yes
  • #788,184
  • Nov 6, 2023 6:14am Nov 6, 2023 6:14am
I'm tired of trading. Sigh.
Back to extreme basics again I guess.

And time to challenge myself to trade only one or two setups per day. Get 20 pips then dips.
I don't wanna stare at charts anymore, only to lose.

Gonna setup a strategy for only 20pips run.
Need to have better probability and less false signals.

I have trust issues with my current system now.
It's creating more false signals than ever.
H1 is good for negating noise but I can't find a proper entry recently.
Exhausted
  • #788,185
  • Nov 6, 2023 6:15am Nov 6, 2023 6:15am
Quoting Moty
Yiu shell not pass 1.07600 mf {image}
I don’t see price coming down now. They may come back to retest the support but it has to travel at least 80 to 100 pip first before pulling back and sometimes it may never come back to retest the support. This is a clear market structure shift on the D1
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My telegram: https://t.me/avidforex
  • #788,186
  • Nov 6, 2023 6:17am Nov 6, 2023 6:17am
Quoting BigNumbers
{quote} I don’t see price coming down now. They may come back to retest the support but it has to travel at least 80 to 100 pip first before pulling back and sometimes it may never come back to retest the support. This is a clear market structure shift on the D1 {image}
Off course i means for retest
Finale target is 1.26000. Area
yes yes yes
  • #788,187
  • Nov 6, 2023 6:22am Nov 6, 2023 6:22am
Idk what to do anymore
I'll short for a retracement.
But target probably 20 - 30 pips.
That's all I need for today.
Exhausted
  • #788,188
  • Nov 6, 2023 6:22am Nov 6, 2023 6:22am
Quoting Elysion
I'm tired of trading. Sigh. Back to extreme basics again I guess. And time to challenge myself to trade only one or two setups per day. Get 20 pips then dips. I don't wanna stare at charts anymore, only to lose. Gonna setup a strategy for only 20pips run. Need to have better probability and less false signals. I have trust issues with my current system now. It's creating more false signals than ever.

I'm in no position to advise you but i think you need to learn and perfect the Quasimodo entry and exist strategy
  • #788,189
  • Nov 6, 2023 6:23am Nov 6, 2023 6:23am
I have been on CADJPY long more than 7 hours now… I’m so disappointed, I thought I was going to get a big run, well I’m still holding but very disappointed.
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My telegram: https://t.me/avidforex
  • #788,190
  • Nov 6, 2023 6:25am Nov 6, 2023 6:25am
Quoting LitEU
{quote} I'm in no position to advise you but i think you need to learn and perfect the Quasimodo entry and exist strategy
Quasimodo eh, I'll check it out later.
Exhausted
  • #788,191
  • Nov 6, 2023 6:27am Nov 6, 2023 6:27am
Quoting BigNumbers
I have been on CADJPY long more than 7 hours now… I’m so disappointed, I thought I was going to get a big run, well I’m still holding but very disappointed. {image}
I understand the disappointment.
Hopefully it doesn't reverse.
Happened to me quite a few times.

Held for 12 hours. Price moved only for a few pips.
Then big reverse happened.
Exhausted
  • #788,192
  • Nov 6, 2023 6:28am Nov 6, 2023 6:28am
Quoting Elysion
{quote} Quasimodo eh, I'll check it out later.
Good for you trade safe
  • #788,193
  • Nov 6, 2023 6:31am Nov 6, 2023 6:31am
Quoting BigNumbers
I have been on CADJPY long more than 7 hours now… I’m so disappointed, I thought I was going to get a big run, well I’m still holding but very disappointed. {image}
don't have any expectations when you trade, because that can quickly frustrate you and cloud your senses.
trading is like dancing, don't think and just listen to the music!
  • #788,194
  • Nov 6, 2023 6:32am Nov 6, 2023 6:32am
Quoting Elysion
{quote} Quasimodo eh, I'll check it out later.
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  • #788,195
  • Nov 6, 2023 6:45am Nov 6, 2023 6:45am
Quoting T721
{quote} {image}
Nice, thanks.
Exhausted
  • #788,196
  • Nov 6, 2023 6:47am Nov 6, 2023 6:47am
I lhad enough of this shit
If this mf gives another buy signal, i am taking it
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yes yes yes
  • #788,197
  • Nov 6, 2023 6:48am Nov 6, 2023 6:48am
Quoting Moty
I lhad enough of this shit If this mf gives another buy signal, i am taking it {image}
Don't. It's coming down.
All my confirmation triggered 15mins ago.

Next plan is to identify TP areas.
I have zones marked up at 1.239, 1.235 and 1.232 for today at least.
Exhausted
  • #788,198
  • Nov 6, 2023 6:49am Nov 6, 2023 6:49am
Quoting Elysion
I'm tired of trading. Sigh. Back to extreme basics again I guess. And time to challenge myself to trade only one or two setups per day. Get 20 pips then dips. I don't wanna stare at charts anymore, only to lose. Gonna setup a strategy for only 20pips run. Need to have better probability and less false signals. I have trust issues with my current system now. It's creating more false signals than ever. H1 is good for negating noise but I can't find a proper entry recently.
most people get into trading because they want to work less.
And then we spend more time at the screen than a desk job.

2 or 3 trades, go out for a walk, enjoy some stuff.
in wondering about yourself, you forgot what you came here to be part of
  • #788,199
  • Nov 6, 2023 6:50am Nov 6, 2023 6:50am
Placed a big fat sell at 1.24235, we have just hit the monthly resistance, long way next
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #788,200
  • Nov 6, 2023 6:53am Nov 6, 2023 6:53am
GU will sell but shit wanna mess with us for a while, those early birds are sure to get wiped out
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