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Cable Update (GBPUSD)

  • #800,221
  • Jan 3, 2024 4:13am Jan 3, 2024 4:13am
im done today..too much noises from work..so cant concentrate trade..better than trapped and losing..
good luck guys
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  • #800,222
  • Jan 3, 2024 4:15am Jan 3, 2024 4:15am
Scalped short 2640 closed 2627
90% of traders use TA, indicators and prediction
  • #800,223
  • Jan 3, 2024 4:18am Jan 3, 2024 4:18am
Quoting MrFanciful
{quote} I have a sell from 2645 targeting yesterdays low but as there is more movement in my bowels than there is in this price chart it's causing me to see it going in either direction.
Yes there’s bit of uncertainty atm.
Excluded for those here in ff who know everything about markets. Lol
90% of traders use TA, indicators and prediction
  • #800,224
  • Jan 3, 2024 4:19am Jan 3, 2024 4:19am
Quoting LifeRider
I wonder if it goes down to 1.25536... {image}
yep I also do

that area looks tasty.
even lower just to bring more sell pressure and blow it up.
90% of traders use TA, indicators and prediction
  • #800,225
  • Edited 1:20pm Jan 3, 2024 4:26am | Edited 1:20pm
Quoting Georginson
Hello everyone and Happy New Year. I hope this year brings us lots of profit and peace of mind. Here is my take for the first 5 trade days of this New Year... Minimum expected range is 170 pips, average expected range is 240 pips, maximum expected range is 340 pips. So far it has done 150 pips, expect additional 20 - 100 pips to break either 1.2760 or 1.2610 in the next 3 trade days. Buyable price is 1.2560 - 1.2520, sellable price is between 1.2800 - 1.2840. This month range will likely be between 420 - 600 pips, while this year range will likely...
Did you hack my tablet and checked my charts?
Have very similare levels, just a bit larger range
90% of traders use TA, indicators and prediction
  • #800,226
  • Jan 3, 2024 4:34am Jan 3, 2024 4:34am
Still bearish trend
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yes yes yes
  • #800,227
  • Jan 3, 2024 4:48am Jan 3, 2024 4:48am
Emas are for losers
supply demand rules are for losers

the real problem is in our minds.

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i say this, because my losses come ALWAYS when I don’t focus on what’s happening, and follow what is an idea.
the idea “it will go here, it will go there” it’s the most damaging one, more than all the others all together
90% of traders use TA, indicators and prediction
  • #800,228
  • Jan 3, 2024 5:06am Jan 3, 2024 5:06am
Quoting _BBKing_
Emas are for losers supply demand rules are for losers the real problem is in our minds. {image} i say this, because my losses come ALWAYS when I don’t focus on what’s happening, and follow what is an idea. the idea “it will go here, it will go there” it’s the most damaging one, more than all the others all together
I'm struggling to see your trading style. Does that mean that you don't trade with TP or SL set? I can only imagine that if you dont think “it will go here, it will go there”, you therefore don't have a target?

I've tried "following the price" but I just can't see which direction it is going, let alone which way I think it's going to go. So for example, every pull back, in my mind, is simultaneously a pullback, but also the beginning of a reversal. And after 7 years, I have not been able to find a way to provide more clarity to that.
  • #800,229
  • Jan 3, 2024 5:12am Jan 3, 2024 5:12am
Quoting Traderylt
Holding buys in GBPUSD around 1.2630. What do you guys think? 1.27 possible?
looks more likely than not. but for now i quick short here
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,230
  • Jan 3, 2024 5:13am Jan 3, 2024 5:13am
the market is moving so slow because I am connected with an i* 14? … will it be better if I buy / use the next model or connect from the laptop? …
  • #800,231
  • Jan 3, 2024 5:18am Jan 3, 2024 5:18am
Quoting _BBKing_
Emas are for losers supply demand rules are for losers the real problem is in our minds. {image} i say this, because my losses come ALWAYS when I don’t focus on what’s happening, and follow what is an idea. the idea “it will go here, it will go there” it’s the most damaging one, more than all the others all together
your statement is a paradox.

It cannot be that ema's and D/S levels are the problem and the trader's mind is the problem in the context you put it. Did you mean these are useless and it for the trader to make use of other means or that the traders mindset is the problem and not these?
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,232
  • Jan 3, 2024 5:25am Jan 3, 2024 5:25am
Quoting Iansco
{quote} your statement is a paradox. It cannot be that ema's and D/S levels are the problem and the trader's mind is the problem in the context you put it. Did you mean these are useless and it for the trader to make use of other means or that the traders mindset is the problem and not these?
Sorry, I'm just trying to figure out how you trade if you don't try to anticipate where it's going.

Perhaps this is where I'm going wrong, but from my perspective the mere fact that I enter a buy position for example, by definition must mean that I think that price is going to be higher in the future than it is at present and that I must also think that if it actually goes lower in the future, that it won't go lower than the point that I put my SL at.

If I didn't think it was going to go higher, I wouldn't put a buy position on. Vice versa for sells.

The way I read you previous post was that it's pointless anticipating that. Which just makes me wonder what your style is like.
  • #800,233
  • Jan 3, 2024 5:30am Jan 3, 2024 5:30am
Quoting MrFanciful
{quote} Sorry, I'm just trying to figure out how you trade if you don't try to anticipate where it's going. Perhaps this is where I'm going wrong, but from my perspective the mere fact that I enter a buy position for example, by definition must mean that I think that price is going to be higher in the future than it is at present and that I must also think that if it actually goes lower in the future, that it won't go lower than the point that I put my SL at. If I didn't think it was going to go higher, I wouldn't put a buy position on. Vice versa...
you have me confused with BBking. I agree with you.

However, Im a big fan of using the word follow not anticipate. In fact in most cases where I think price will not break S/R levels I wait for the confirmation. Of course im not 100% right but 2 of 3 correct is quite good.

So, yes, you must have formed an idea of the likely scenario playing out, up or down and by how much otherwise there would no trade entry level or stop loss level
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,234
  • Jan 3, 2024 5:31am Jan 3, 2024 5:31am
Quoting Iansco
{quote} your statement is a paradox. It cannot be that ema's and D/S levels are the problem and the trader's mind is the problem in the context you put it. Did you mean these are useless and it for the trader to make use of other means or that the traders mindset is the problem and not these?
in line with you but on a deeper thinking I may say that the tools we’e using may mess up the mind.
small eg: many of us lived the times when win 95 or so, had the famous blue screen when crashing, therefore the brain associate the blue color with something bad. Now back to trading, using mobile app, when gaining, the screen is blue, when loosing it is red. Therefore, staying away from the blue color may bring less stress? … was that developed intentionally this way?
what about the red color? Well, have one noticed that bulls get angry at red color? Those toreadors use red color to annoy bulls … could make more sense.

being color-blinded don’t make you successful trader, but maybe a brain could be messed up by various aspects, little by little!
  • #800,235
  • Jan 3, 2024 5:36am Jan 3, 2024 5:36am
Quoting aa4fx
{quote} in line with you but on a deeper thinking I may say that the tools we’e using may mess up the mind. small eg: many of us lived the times when win 95 or so, had the famous blue screen when crashing, therefore the brain associate the blue color with something bad. Now back to trading, using mobile app, when gaining, the screen is blue, when loosing it is red. Therefore, staying away from the blue color may bring less stress? … was that developed intentionally this way? what about the red color? Well, have one noticed that bulls get angry at...
i see your point but I doubt they intentionally used blue because of the blue screen. But most good traders have had to unlearn some thing we learnt earlier on in our careers
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,236
  • Jan 3, 2024 5:37am Jan 3, 2024 5:37am
Go my wonderful bears and bring me the pips!
Risk Management is of utmost importance!
  • #800,237
  • Jan 3, 2024 5:43am Jan 3, 2024 5:43am
Not in a trade but I'm waiting for something like that.. will not buy ATM, only sell higher
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  • #800,238
  • Jan 3, 2024 5:43am Jan 3, 2024 5:43am
Quoting MrFanciful
{quote} I'm struggling to see your trading style. Does that mean that you don't trade with TP or SL set? I can only imagine that if you dont think “it will go here, it will go there”, you therefore don't have a target? I've tried "following the price" but I just can't see which direction it is going, let alone which way I think it's going to go. So for example, every pull back, in my mind, is simultaneously a pullback, but also the beginning of a reversal. And after 7 years, I have not been able to find a way to provide more clarity to that.
No.
I Always use al and TP.
Fixed 30sl and 50tp then i change them according ti the tf im trading.
So the 1min chart Is 15sl and 20tp

Approach Is very simple.
I only enter the trade if price Is in supp/resistance, and there Is a confluence of tactors (ema, divergences... Etc)
90% of traders use TA, indicators and prediction
  • #800,239
  • Jan 3, 2024 5:45am Jan 3, 2024 5:45am
Quoting Iansco
{quote} your statement is a paradox. It cannot be that ema's and D/S levels are the problem and the trader's mind is the problem in the context you put it. Did you mean these are useless and it for the trader to make use of other means or that the traders mindset is the problem and not these?
Yes Sorry
Was trying something sarcastic
What works Is our mind.
System helps.
90% of traders use TA, indicators and prediction
  • #800,240
  • Jan 3, 2024 5:46am Jan 3, 2024 5:46am
Quoting Iansco
{quote} you have me confused with BBking. I agree with you. However, Im a big fan of using the word follow not anticipate. In fact in most cases where I think price will not break S/R levels I wait for the confirmation. Of course im not 100% right but 2 of 3 correct is quite good. So, yes, you must have formed an idea of the likely scenario playing out, up or down and by how much otherwise there would no trade entry level or stop loss level
Oops...You're right. Sorry.
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