Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote}Note to trade calls.
I chuckle when reading uninformed traders giving very bad advice to other not to use fundamental and not to read books. (WTF moment) in trading and trying to give "real time" trade call, apparently failed.
Since the trade call was based on pivot point only ( shallow analysis), it is weak and noob analysis.
It is better for her to focusing solely on hindsight trade calls and avoid future embarrassment of making "real time " trade call..
Therefore, to elevate your trading skills and achieve long-term success, a strong foundation in market knowledge is essential.
It's essential to acknowledge the limitations of relying solely on real-time calls or specific indicators without a strong foundation in fundamental analysis.
A comprehensive understanding of economic and market forces is crucial for making informed trading decisions and mitigating risk.
Please guy, read some book, read other traders analysis to widen your knowledge to develop the skill set becoming super traders.
Understanding various analytical tools and economic factors impacting the markets.
Solely relying on a single indicator, like pivot points, can lead to misinformed decisions and potentially result in losses.
The first word revealed in the Quran is اقرأ "Iqra," which translates to "read."
This emphasizes the importance of knowledge and seeking understanding.

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Quoting mallee

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{quote} No idea what you mean.{image}

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Quoting Moty

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{quote} this indicator gives good indication for short term trend {image} {file}

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Quoting knkie

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{quote} II. Respect fellow traders III. No bickering X. No Threats or Bullying

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Quoting TraderFX.Id

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Still not open again yet..waiting best price to short

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Quoting Godisawoman

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{quote} Price flying up and down is loss no matter how you trade it. No matter your strategy you will lose 7 out of 10 times trading cpi

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Quoting eyefeelsix

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"Happy iftar WIB (Western Indonesian Time)" #Ramadan Mubarak {image}

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Quoting Bones

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{image}

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Quoting BeeTogether

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{quote} that I don’t think so. When trading red sticker I wouldn’t even think of a tight SL as spikes get hit both ends. However thats me and my losses over the years is more from not quitting whilst I’m ahead and emotionally charged trading

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Quoting Fardeen1209

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{quote} Your the complete opposite of me. I dont touch anything that doesnot has USD init Speaking of CPI or whatever red news To be on the ride side majority of the time (not saying all the time), it requires a lot of research. After 10s of hours of researching and reading and understanding, as a trader we need to place thiese economists forecast into our chart to look for an entry place to reduce our DD. Here next week UK CPI forecast (one of my sources) {image} As you see, 1 week before actual news, estimate already get release (even FF not yet...

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Quoting nikosk0

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{quote} all news are good as long as they move the market. i never look at em. 100% technical, news never dissapoint if i am inside a trade then again i dont trade 1m or 5m, lowest i'll go is 15m and thats rare

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Quoting Godisawoman

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My experience trading news on the spot you can't tell where the market will go. By the time you've checked the data, price has jumped. Your entry will suck or you wont get an entry at all. If you get a good entry banks will trade against you and many traders still lose.

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Quoting Zebi

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nordling...i hope youre getting a stipend from FF policing this room cause seems like a thankless job there two types of hecklers and trolls in here.... the crawl out from under rocks with psychotic tendencies ones and the gnat gadfly nuisance types like ferna,billgu and kinke nubcake got scared shitless by twee private messaging him that hes MIA maybe even KIA LOL well anyways...good job cleaning up this room...just wanted to let you know someone appreciates your hard work

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