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Cable Update (GBPUSD)

  • #800,241
  • Jan 3, 2024 5:48am Jan 3, 2024 5:48am
Quoting _BBKing_
{quote} 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)
Sounds similar to me but m SL and TP is different, and I really struggle with revenge.
  • #800,242
  • Jan 3, 2024 6:00am Jan 3, 2024 6:00am
Well I'm giving up before I blow my 3rd account of the year by the end of the 2nd day of the year. I should never have restarted this.
  • #800,243
  • Jan 3, 2024 6:02am Jan 3, 2024 6:02am
Quoting MrFanciful
{quote} Sounds similar to me but m SL and TP is different, and I really struggle with revenge.
I used to struggle with this a lot but now im better off. Id say the risk taken plays a really big part with this. If you risk a lot, you will feel a need to recover which can do a lot of damage. I have lost many accounts with this. Now, thats not a problem for me because my losses are so small. Try reducing your exposure
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,244
  • Jan 3, 2024 6:04am Jan 3, 2024 6:04am
What will happen as soon as the Newyork session opens?

Remember the only thing that's constant is TIME!

USDJPY, can we take out the other Buyside liquidity ?
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My telegram: https://t.me/avidforex
  • #800,245
  • Jan 3, 2024 6:05am Jan 3, 2024 6:05am
Quoting Moty
Still bearish trend {image}
yesterday it dropped 150 pips just because I was long
Today the range is only 35 pips
Because it can't dropped below 1.26166 and it won't go up
So the mf stand in an annoying mini range
Fuck you crooky mf
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yes yes yes
  • #800,246
  • Jan 3, 2024 6:07am Jan 3, 2024 6:07am
Quoting Moty
{quote} yesterday it dropped 150 pips just because I was long Today the range is only 35 pips Because it can't dropped below 1.26166 and it won't go up So the mf stand in an annoying mini range Fuck you crooky mf {image}
Golds turn to be in free fall today.
  • #800,247
  • Jan 3, 2024 6:13am Jan 3, 2024 6:13am
Quoting Moty
{quote} yesterday it dropped 150 pips just because I was long Today the range is only 35 pips Because it can't dropped below 1.26166 and it won't go up So the mf stand in an annoying mini range Fuck you crooky mf {image}
waiting for data in a couple of hours I think.
Insane in the Brain..
  • #800,248
  • Jan 3, 2024 6:23am Jan 3, 2024 6:23am
Quoting MrFanciful
{quote} Golds turn to be in free fall today.
A great trade running on there
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  • #800,249
  • Jan 3, 2024 6:29am Jan 3, 2024 6:29am
Quoting Iansco
{quote}A great trade running on there {image}
Same as yesterday with GBP. I sold at the top but didn't think they were going to collapse and so closed at a "sensible" level and started taking buy signals, only for it to collapse even further and never stop. Almost £600 lost since yesterday and 3 accounts blown.

Nothing helps, it's all bullshit and a scam. The only winners are the brokers, in the same way that the only rich people during the Gold Rush were the people selling the shovels.
  • #800,250
  • Jan 3, 2024 6:31am Jan 3, 2024 6:31am
I'll tell you what...I'll start selling. That's what I'm meant to do, Trade with the trend. Now watch it go up.
  • #800,251
  • Jan 3, 2024 6:31am Jan 3, 2024 6:31am
Quoting vankiepsauff
{quote} add short 1.2640
still hold
vankiepsauff@gmail
  • #800,252
  • Jan 3, 2024 6:31am Jan 3, 2024 6:31am
Quoting Moty
{quote} yesterday it dropped 150 pips just because I was long Today the range is only 35 pips Because it can't dropped below 1.26166 and it won't go up So the mf stand in an annoying mini range Fuck you crooky mf {image}
add subtitles to the movie, I guess that we’re watching all the same movie, and it will be easier to understand
  • #800,253
  • Jan 3, 2024 6:32am Jan 3, 2024 6:32am
Quoting MrFanciful
{quote} Sounds similar to me but m SL and TP is different, and I really struggle with revenge.
you probably are overleveraged.
do some calculations.
on a 1000$ account, a trade with a 30$ sl is already medium/large size.
would be fine a 10$ sl x stop loss, and eventually 20 to 30 tp.

losing more than that, means you oversize positions.

overleverage causes stress, frustration
excatly what you don’t need in trading.

you need to focus on what you need to do: buy or sell.
once you find your strategy you will increase account equity.
until that moment, a 1% x trade allowed SL
90% of traders use TA, indicators and prediction
  • #800,254
  • Jan 3, 2024 6:33am Jan 3, 2024 6:33am
Quoting MrFanciful
I'll tell you what...I'll start selling. That's what I'm meant to do, Trade with the trend. Now watch it go up.

Please m8 don't lose more money just to prove a point.....take it easy don't trade
Don't Leave Money on the Table
  • #800,255
  • Jan 3, 2024 6:36am Jan 3, 2024 6:36am
Quoting MrFanciful
{quote} Same as yesterday with GBP. I sold at the top but didn't think they were going to collapse and so closed at a "sensible" level and started taking buy signals, only for it to collapse even further and never stop. Almost £600 lost since yesterday and 3 accounts blown. Nothing helps, it's all bullshit and a scam. The only winners are the brokers, in the same way that the only rich people during the Gold Rush were the people selling the shovels.
bad risk managment
  • #800,256
  • Jan 3, 2024 6:36am Jan 3, 2024 6:36am
Quoting MrFanciful
{quote} Same as yesterday with GBP. I sold at the top but didn't think they were going to collapse and so closed at a "sensible" level and started taking buy signals, only for it to collapse even further and never stop. Almost £600 lost since yesterday and 3 accounts blown. Nothing helps, it's all bullshit and a scam. The only winners are the brokers, in the same way that the only rich people during the Gold Rush were the people selling the shovels.
find the reason you’re doing this activity!!!

-traders do it for the money
-smart ppl do it for the fun, like a netflix subscription, etc
-some may not know and will have wrong expectations

there is a learning path, failure is part of it, the more you loose the lore immune your are, some may say…

just some thought, far for looking to offend someone, and if just did, I am sorry for that, not my intention
  • #800,257
  • Jan 3, 2024 6:37am Jan 3, 2024 6:37am
Quoting MrFanciful
I'll tell you what...I'll start selling. That's what I'm meant to do, Trade with the trend. Now watch it go up.
don’t sell yet. This could be near the bottom unless you want a quick 10 pips
Insane in the Brain..
  • #800,258
  • Jan 3, 2024 6:41am Jan 3, 2024 6:41am
Quoting MrFanciful
I'll tell you what...I'll start selling. That's what I'm meant to do, Trade with the trend. Now watch it go up.
yes.
that is the point.

price goes up/down between levels where there are buyers/sellers.
you cannot just sell because its going down.
You have to sell because its a good price for that.

its supply / demand basically rules.

would you buy a 300k km used car for 20k $? Or would it be better wait for the owner to discount the price @2k $?
how much would you pay for a glass of water if you were in Sahara desert and out of water?

market price is the same.
would you buy @1.26 in the hope to see it flying back to 1.28 or would it be better to sell it as closed as possible at 2640 where already market proven today many others decided it’s a good price to sell it?

its a matter of study, analysis, understanding, calculations, recognition of main picture.
being profitable trading could require even many years.
90% of traders use TA, indicators and prediction
  • #800,259
  • Jan 3, 2024 6:43am Jan 3, 2024 6:43am
Quoting aa4fx
{quote} find the reason you’re doing this activity!!! -traders do it for the money -smart ppl do it for the fun, like a netflix subscription, etc -some may not know and will have wrong expectations there is a learning path, failure is part of it, the more you loose the lore immune your are, some may say… just some thought, far for looking to offend someone, and if just did, I am sorry for that, not my intention
Like I've said previously, I can't tell the difference between a pullback or a reversal. Even if it's in one of my S&R zones...Lets say price is in a support zone that I have marked up from the 4 hour chart, lookng for an entry on the 15 or 5 minute. Price starts to go up with a couple of HH's and LL's. It then falls down and creates a new low. My mind will be "Thats a stop hunt". And so I buy all the way down because it's a stop hunt.

Think I might just stick to physical gold and junior mining stocks and wait for the collapse of the Western financial system later this year.
  • #800,260
  • Jan 3, 2024 6:44am Jan 3, 2024 6:44am
Quoting MrFanciful
{quote} Same as yesterday with GBP. I sold at the top but didn't think they were going to collapse and so closed at a "sensible" level and started taking buy signals, only for it to collapse even further and never stop. Almost £600 lost since yesterday and 3 accounts blown. Nothing helps, it's all bullshit and a scam. The only winners are the brokers, in the same way that the only rich people during the Gold Rush were the people selling the shovels.
I am a swing trader. Most of my trades last a day or two. Yesterdays trade set up nicely on DEC 29th. Im still short but I think that the pivot point could act as a reversal. In the meantime, my set up is still short
first tp is S1 today
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