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Cable Update (GBPUSD)

  • #799,261
  • Dec 27, 2023 9:58am Dec 27, 2023 9:58am
Quoting navk
From the posts, I could guess, many have short trades and in DD. Work on trade management/ risk management.

you are the only one who's long, im sure
  • #799,262
  • Dec 27, 2023 10:00am Dec 27, 2023 10:00am
Quoting MrFanciful
Back to support. Next leg up.
Called it.
  • #799,263
  • Dec 27, 2023 10:01am Dec 27, 2023 10:01am
Quoting MrFanciful
{quote} The world doesn't want to hold dollars anymore
This is probably one of the main reasons for the US to 'attack' crypto! With all of the crime that the US is responsible for, their transparency arguments make no sense at all!
  • #799,264
  • Dec 27, 2023 10:01am Dec 27, 2023 10:01am
i got sell limits at 2793 and 2800
short trump and go long the deepstate
  • #799,265
  • Dec 27, 2023 10:02am Dec 27, 2023 10:02am
the first just got hit LOL
short trump and go long the deepstate
  • #799,266
  • Dec 27, 2023 10:03am Dec 27, 2023 10:03am
Is there a possibility to eliminate the "empty" day in the Oanda web platform? It's getting on my nerves.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #799,267
  • Dec 27, 2023 10:04am Dec 27, 2023 10:04am
Quoting TooSlow
{quote} Mate, could you post a walk-through of how to read your chart? I am not familiar with the indicators you use. Wouldn't have the foggiest of where to begin? Thanks. Cheers!
Hi TooSlow,
General rules:
Daily pivots must be higher than the day before.
Higher daily open candles.
Arrows must face the same direction 4hr, 1Hr and 15 minutes.
Pullback to daily pivot, weekly pivot for entries.
Look for rejection off round numbers 4 hr and 1 hr.
Moving averages 4hr, 1hr and 15 minutes in the same direction.
Indicators in sub windows must point in the same direction.
My favorite entry is the 4hr stochs pullback and return back up in the direction of the daily stochs.
Anyway, this was a work in progress for many years and I have have a full thread in Steve Hopwoods forum dedicated to this.
Hope it helps.
Cheers.
Trade to trade another day
  • #799,268
  • Dec 27, 2023 10:05am Dec 27, 2023 10:05am
Quoting navk
{quote} The best thing one can learn on prop trading is risk management. They offer 1 : 50 leverage max. Some offer 1 : 30. 4 to 5 % DD they allow in a day with max DD as 8 to 10 %
no, the only thing they offer is a big account illusion under a slavery daily limit, no matter what values are. Taking such offer due to reason x, y, z. You pay for your issues solution with the profit you could have made not going for such offer and taking the smart way from the start.
  • #799,269
  • Dec 27, 2023 10:10am Dec 27, 2023 10:10am
GU tp today 1.28 i feel. from there, then we see what the "crooks" want to do.
1 step at a time, mm is impt.

USD is quite weak today. Trend following strategy would have resulted in good profits today.

Hope all have a good xmas and new year ahead!
  • #799,270
  • Dec 27, 2023 10:11am Dec 27, 2023 10:11am
Quoting Pat Chiko
{quote} GU Then , after the break of H4 triangle and retest, add some more. (2nd Block trades) While start moving some stop near to the the first block. Trade Management and reducing risk. {image}
GU

Update current scalping position
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #799,271
  • Dec 27, 2023 10:11am Dec 27, 2023 10:11am
Good sell from 12818
  • #799,272
  • Dec 27, 2023 10:15am Dec 27, 2023 10:15am
I wasn't expecting the dump of the dollar to start so soon after Christmas
  • #799,273
  • Dec 27, 2023 10:17am Dec 27, 2023 10:17am
Quoting Pat Chiko
{quote} YEN Crosses UJ GJ The twin sister, Time to wrap all short trades, looking over extended and we are coming to long holiday, where price will spikes when volume are low. For those who went long and still holding it, dont be despair, price will pick up in January. HODL during Christmas and New Year {image}{image} Cleaning up the book before long holiday
UJ

Update scaping position
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #799,274
  • Dec 27, 2023 10:21am Dec 27, 2023 10:21am
Quoting LoneTrader1
{quote} TP hit but closed only half, rest at break-even {image}
Closed some here at 2792, small position still open. Will either hit breakeven or more pips.
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  • #799,275
  • Dec 27, 2023 10:22am Dec 27, 2023 10:22am
Quoting aa4fx
{quote} Usually, to reach those paradise islands one should take the small plane, is it maybe a Cessna 150? ... why not? {quote} Maybe after that, the Airbus will be taken.
I will only get into an Airbus plane, after that Cessena one … not much left until could happen, hopefully no delays and next week when I’ll be able to be in, it will be there!
  • #799,276
  • Dec 27, 2023 10:27am Dec 27, 2023 10:27am
Quoting Pat Chiko
{quote} WTI Break out Fisrt retest and Second retest toward OB zone{image}
WTI

Update scalping

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #799,277
  • Dec 27, 2023 10:28am Dec 27, 2023 10:28am
USD is a free fall against the majors except CAD
  • #799,278
  • Dec 27, 2023 10:29am Dec 27, 2023 10:29am
Quoting aa4fx
{quote} no, the only thing they offer is a big account illusion under a slavery daily limit, no matter what values are. Taking such offer due to reason x, y, z. You pay for your issues solution with the profit you could have made not going for such offer and taking the smart way from the start.
The daily and max limits teaches how a trader should manage risk.

What is the point of allowing the DD to grow 10 %....and then 40 % before finally blowing the account ?
Intraday only.
  • #799,279
  • Dec 27, 2023 10:31am Dec 27, 2023 10:31am
gbp/usd update ---- took remaining buys off on tap of blue box @798, not bothered if it keeps going was a good swing
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  • #799,280
  • Dec 27, 2023 10:31am Dec 27, 2023 10:31am
sold 1.2799... target 1.2762... stop 1.2820
Data + Stat + Risk/Emotions Management
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