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Cable Update (GBPUSD)

  • #812,681
  • Feb 29, 2024 4:34am Feb 29, 2024 4:34am
It'll be interesting when price gets momentum and folks still continue trading with bigger lots than is advisable hahah... there'll be blood on the streets...

It's great to see folks earning 5 or 10% a day, but be careful! If you earn that much in one day, then you're risking more than is advisable.

Just be careful when volatility picks up again!
  • #812,682
  • Feb 29, 2024 4:38am Feb 29, 2024 4:38am
Quoting genuine007
{quote} When I used to write like this in my notebook, meaning handwritten notes I remember there is always used to be an urge to always make more than what we have set target today In your case, if the target is 4% a day I always try to make 8% in a day This makes us to rubbish trading, always searching for trades because we have to achieve our target & I remember I also used to write fix lot size everytime, But I always break that rules entering 2 or 3 positions of the same fixed lot size I always focused on my target, Sometimes I achieve the...
How to achieve.....

This is what we have been learning many days, months, years.

For me..those numbers are for managing risk and to control greediness

And to excite myself.

Intraday only.
  • #812,683
  • Feb 29, 2024 4:48am Feb 29, 2024 4:48am
Only signal of indicator. Daily up from 125470. 4 H- buy 1.26210(from yesterday) it can be 1.26 .but direction buy. general trend h4 buy. only imho. signal sell H4 swing was from 1.27100. Now buy from yesterday. But it can be 1.26 easy. Only buy. Maybe we dont see 1.26.
  • #812,684
  • Feb 29, 2024 4:54am Feb 29, 2024 4:54am
I wonder actually... how many of you folks here use leverage?

You can just like if you do and dislike if you don't or comment...
Also, how different is to trade with leverage and without it in your experience? Thanks!
  • #812,685
  • Feb 29, 2024 4:59am Feb 29, 2024 4:59am
Trading big accounts with small leverage is good for those who can not control risk themselves.

Trading small accounts, ( less than 500 $ ) with high leverage is good .
Intraday only.
  • #812,686
  • Feb 29, 2024 5:02am Feb 29, 2024 5:02am
One more interesting thought I have is: is BitCoin intentionally created to get people familiar with digital assets, so they can force CBDC's easier onto people in the future? Like: "well, CBDC is similar to BitCoin people, nothing to worry about."

We'll see...
  • #812,687
  • Feb 29, 2024 5:05am Feb 29, 2024 5:05am
Quoting navk
Trading big accounts with small leverage is good for those who can not control risk themselves. Trading small accounts, ( less than 500 $ ) with high leverage is good .
after watching your success with small accounts i’ll be starting a 1k account as well with the funded /challenges accounts. Can you send the excel…
Extreme gut feeling trader
  • #812,688
  • Feb 29, 2024 5:06am Feb 29, 2024 5:06am
Quoting hamedsna
{quote} gu closed half at 44 sl be. {quote} gj gap filled but i missed that {image}
closed all before news
after news looking fo re entry if possible
  • #812,689
  • Feb 29, 2024 5:08am Feb 29, 2024 5:08am
Quoting montygoldy
{quote} after watching your success with small accounts i’ll be starting a 1k account as well with the funded /challenges accounts. Can you send the excel…
sure my friend
Intraday only.
  • #812,690
  • Feb 29, 2024 5:15am Feb 29, 2024 5:15am
Quoting navk
Trading big accounts with small leverage is good for those who can not control risk themselves. Trading small accounts, ( less than 500 $ ) with high leverage is good .
i learnt to trade this way by blowing $100 accounts with high leverage for years.

the lessons were nerve-wracking in retrospect, but cheap for the knowledge, because i went through all the labyrinth's labyrinths several times.
trading is like dancing, don't think and just listen to the music!
  • #812,691
  • Feb 29, 2024 5:20am Feb 29, 2024 5:20am
Limiting leverage at big accounts can prevent you from over-risking aka over leveraging.

But for smaller accounts you need at least 1:100 and above buying power to make some decent profita but over leveraging may still be a risk.
Exhausted
  • #812,692
  • Feb 29, 2024 5:21am Feb 29, 2024 5:21am
Quoting birdland
{quote} i learnt to trade this way by blowing $100 accounts with high leverage for years. the lessons were nerve-wracking in retrospect, but cheap for the knowledge, because i went through all the labyrinth's labyrinths several times.
High leverage for small accounts with a money plan ( sayy 4 to 6 % per day ) is ok.

This is how I developed my account from scratch.
Intraday only.
  • #812,693
  • Feb 29, 2024 5:24am Feb 29, 2024 5:24am
Going back up to resistance or can we break that support?
  • #812,694
  • Feb 29, 2024 5:24am Feb 29, 2024 5:24am
Quoting ScalaFX
out all GU, so boring scalping, Gold moves better today, longs 2033, 2032, 2031, 2030, 2029, 2028, waiting to fill
Nice closed before news
People don't plan to lose. They lose because they don't plan.
  • #812,695
  • Feb 29, 2024 5:24am Feb 29, 2024 5:24am
beautiful wedge in m1 tf
buy from 370 for short term
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_7519.jpeg Size: 722 KB
  • #812,696
  • Feb 29, 2024 5:25am Feb 29, 2024 5:25am
Don't care about Core PCE... personal spending and income will tell us all that we need to know about how healthy consumer is...

Are we on the path to soft landing aka 1.246? Let's see...
  • #812,697
  • Feb 29, 2024 5:31am Feb 29, 2024 5:31am
Quoting hamedsna
beautiful wedge in m1 tf buy from 370 for short term {image}
perfect! closed this one
  • #812,698
  • Feb 29, 2024 5:35am Feb 29, 2024 5:35am
out of long, tp first.
Now I'm waiting for hourly candle close to decide whether sell or buy.
Although i think mainly buy
Exhausted
  • #812,699
  • Feb 29, 2024 5:35am Feb 29, 2024 5:35am
Even though income increased, spending decreased. Not so confident after all ha?

Also, range continues...
  • #812,700
  • Feb 29, 2024 5:36am Feb 29, 2024 5:36am
Still short here, a bit weak numbers hope it doesn’t go into consolidation.
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