Cable Update (GBPUSD) | Page 39973 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #799,441
  • Dec 28, 2023 1:34am Dec 28, 2023 1:34am
Quoting Reverso
{quote} That means if one has found a profitable system, keep it to oneself and do not share it, so it will be profitable forever?
I think the most profitable way to trade is using your head independently every day (play by ear). Let the super computer between your ears play its magic and improvise on every turn to ensure you gain ground in the end of every cycle. You can't share that in the moment. Because once it's thought of, and acted upon, it's gone forever, never to be repeated again.
You cannot fail if you never give up.
  • #799,442
  • Dec 28, 2023 1:35am Dec 28, 2023 1:35am
Quoting MrFanciful
Was everyone other than me thinking after such a move "Now's a good time to buy"?
heard someone say its hard to add onto winning positions. people who are long have a hard time adding to their winning positions. People short on the other hand will keep on selling. Tough psychology. what's your take?
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #799,443
  • Dec 28, 2023 1:35am Dec 28, 2023 1:35am
Quoting MrFanciful
Was everyone other than me thinking after such a move "Now's a good time to buy"?
lets assume is a good time to buy.. what is your target for the good buy?
  • #799,444
  • Edited 1:57am Dec 28, 2023 1:39am | Edited 1:57am
Quoting Waveskierrob
{quote} What you find on this thread that folks here will make a statement or say something when you ask politely to justify they either don't answer or they wil ask you a question which is fine but answer the question first, a fine example was my last conversation with WaveGarrick he just can't answer my questions bit sad really...
Rob,
Let me me make you a deal. Take me off your ignore list for at least a month. And you will have my full attention worthy of an answer.
Lots of love
Toodleloo
Trade to trade another day
  • #799,445
  • Dec 28, 2023 1:39am Dec 28, 2023 1:39am
Quoting MrFanciful
Was everyone other than me thinking after such a move "Now's a good time to buy"?
Yup, bought 1.27998.
Targeting 1.3140 first, 1.4240 longer term.
Compulsions can be hard to resist
  • #799,446
  • Dec 28, 2023 1:39am Dec 28, 2023 1:39am
Quoting Yngwie
sold 1.2820
could be a good call here. I know retail traders dont move the market, but lets assume they do. Who would you be selling to? The guys cutting their losses short? or guys hoping the price moves higher? Im trying to get into that kind of thinking, dont know whether it will help my trading!
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #799,447
  • Dec 28, 2023 1:40am Dec 28, 2023 1:40am
Still holding buy from 1.2590
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231228-093845_MetaTrader 4.jpg Size: 725 KB
good luck
  • #799,448
  • Dec 28, 2023 1:40am Dec 28, 2023 1:40am
Quoting Waveskierrob
{quote} When you say "Plus most are still short" who are the most and where can I find this info for myself ...many thanks in advance...
Its in the link I provided in my post Waveski
Compulsions can be hard to resist
  • #799,449
  • Dec 28, 2023 1:40am Dec 28, 2023 1:40am
Quoting Iansco
{quote} heard someone say its hard to add onto winning positions. people who are long have a hard time adding to their winning positions. People short on the other hand will keep on selling. Tough psychology. what's your take?
It's a good take. I'm convinced there is going to be a pullback because if there isn't, that literally means that the dollar is going to zero in a straight line. Now it will go to zero because all fiat currencies revert to their intrinsic value, which is zero. But it won't do it in a straight line.

So if I'm convinced of a pullback, how do I determine "Not yet."? Or how do I convince myself of the opposite that I'm convinced of?
  • #799,450
  • Dec 28, 2023 1:41am Dec 28, 2023 1:41am
Quoting trumps
{quote} Yup, bought 1.27998. Targeting 1.3140 first, 1.4240 longer term.
Hope it works for you. Genuinely.
  • #799,451
  • Dec 28, 2023 1:43am Dec 28, 2023 1:43am
Quoting Whale
{quote} lets assume is a good time to buy.. what is your target for the good buy?
Well, I. thought it was rolling over, but that spike up and brief pause made it look like a liquidity hunt at 2820. Failing that it would be about 2830-2940 into the 4 hour resistance with a pullback to about 2800
  • #799,452
  • Dec 28, 2023 1:44am Dec 28, 2023 1:44am
Quoting 7154Superman
I set up a level-up system for me every time I achieve +100% ROI on any of my accounts. I have now 5 Demo accounts running, starting with $100k, to finish at $200k. That's Level 1. So, I expect to level up from Demo to Live on all 5 accounts. Level 2 will be starting with $100 live account. I compiled the plan below. For level 2-4, I will deposit funds, totaling $1,000 to start level 4. Once the level 4 +100% goal is completed, I start withdrawing a portion of the profits into my bank as income, and continue trading the rest. Level 17 will result...
Just only $5.00; becomes a millionaire after 365 days. I thought that I had woken up from my dream, but in fact, I still dreaming. And no dream is ever just a dream.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Look right, we'll see the signs
  • #799,453
  • Dec 28, 2023 1:45am Dec 28, 2023 1:45am
Quoting MrFanciful
{quote} I try to get 15 pips. I try not to pay attention to the monetary gains. Pips and account balance percentage for me.
You do realise that statement comes under Dante's 'How to tell if your a cunt' heading

Think about it, what matters most for all the hard work we put in? The thing that matters is profits ending up in your pocket otherwise you won't make any money because it doesn't matter to you.
Don't Leave Money on the Table
  • #799,454
  • Dec 28, 2023 1:48am Dec 28, 2023 1:48am
Quoting azhantahir
{quote} Just only $5.00; becomes a millionaire after 365 days. I thought that I had woken up from my dream, but in fact, I still dreaming. And no dream is ever just a dream. {image}

Doesn't happen because most people cannot handle such a massive amount of money, it's why people who win tatts throw it away....Okay at the start but as the balance grows all sorts of thoughts come into your head to make you lose
Don't Leave Money on the Table
  • #799,455
  • Dec 28, 2023 1:52am Dec 28, 2023 1:52am
Quoting HaLBot
{quote} You do realise that statement comes under Dante's 'How to tell if your a cunt' heading Think about it, what matters most for all the hard work we put in? The thing that matters is profits ending up in your pocket otherwise you won't make any money because it doesn't matter to you.
My line of thinking is, if I remove the monetary figure from my view, the amount of money won't affect my judgement. If I look at getting 15 pips or 3% for example, it don't matter whether my unrealised gain is £10 or £10,000 from a psychological point of view.

From numerous books that I've read, traders are likely to let the losers run but cut their winners short. If I saw I had £10,000 of unrealised net profits, I'm much more likely to cut it short that is 5 pips off its 15 pip target than I am if it's £100 that's 5 pips of its 15 pip target.
  • #799,456
  • Dec 28, 2023 1:52am Dec 28, 2023 1:52am
Quoting MrFanciful
{quote} It's a good take. I'm convinced there is going to be a pullback because if there isn't, that literally means that the dollar is going to zero in a straight line. Now it will go to zero because all fiat currencies revert to their intrinsic value, which is zero. But it won't do it in a straight line. So if I'm convinced of a pullback, how do I determine "Not yet."? Or how do I convince myself of the opposite that I'm convinced of?
the pullback will happen, i think the 'not yet' is the real question. what if it takes longer than you anticipate in pip terms. of course someone buying now is also ready to endure a certain pullback, but they also have to ask themselves whether its just a pullback or the reversal. I think in there lies the answer to all of trading.
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #799,457
  • Dec 28, 2023 1:56am Dec 28, 2023 1:56am
upper bands H1 was rejecting 2831 ...try add short
2822 sl 2850
  • #799,458
  • Dec 28, 2023 2:02am Dec 28, 2023 2:02am
Quoting MrFanciful
{quote} My line of thinking is, if I remove the monetary figure from my view, the amount of money won't affect my judgement. If I look at getting 15 pips or 3% for example, it don't matter whether my unrealised gain is £10 or £10,000 from a psychological point of view. From numerous books that I've read, traders are likely to let the losers run but cut their winners short. If I saw I had £10,000 of unrealised net profits, I'm much more likely to cut it short that is 5 pips off its 15 pip target than I am if it's £100 that's 5 pips of its 15 pip...
Yes I see where your coming from but you will have to accept you cannot achieve 3% a day due to what I said in a post above yours. Your percentages will drop as account grows which isn't a bad thing.
Then you'll crash and burn and blow a percentage of your account and all that business of percentages goes out the window as you forget about it due to the punch in the face you just received lol.
Mike Tyson "Everyone has a plan until they're punched in the face"
But overtime you'll develop the skill set required for this as we all have to do

But remember it's not profit until it's in your pocket!!!!

I end up posting too much so will have to chill for a while
Don't Leave Money on the Table
  • #799,459
  • Dec 28, 2023 2:03am Dec 28, 2023 2:03am
took sell just before london open
looking for 50 pip
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB
  • #799,460
  • Dec 28, 2023 2:04am Dec 28, 2023 2:04am
Quoting MrFanciful
{quote} Well, I. thought it was rolling over, but that spike up and brief pause made it look like a liquidity hunt at 2820. Failing that it would be about 2830-2940 into the 4 hour resistance with a pullback to about 2800
ok. Be careful hold fresh trades at breakout before LO
463 traders viewing now, 2 are registered:
Altaf249
,
ricmaj