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Cable Update (GBPUSD)

  • #827,461
  • May 30, 2024 4:13am May 30, 2024 4:13am
Quoting Moty
Come on 15 pips {image}
bounzay daniel son
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 23 KB
yes yes yes
  • #827,462
  • May 30, 2024 4:15am May 30, 2024 4:15am
Quoting Konichiwhaat
{quote} Personally, I love a good old stop-loss. Does exactly what it says on the tin... ahhhh
Stop losses are super important and dependent upon your trading style where you put them. Scalping SL's are often tight. Intraday more relaxed, multi day wider and position SL's wider again. Depends on your account size, margin requirements and preferred method of trading. Capital protection is everything. The temptation kicks in to move SL's lower or higher and that's where the emotional / psychological discipline kicks in.
  • #827,463
  • May 30, 2024 4:16am May 30, 2024 4:16am
Quoting Moty
{quote} i changed it to increase your eqvity by 30% evry day strategy {image}
Ahhhh, Compounding is the 8th wonder of the world my man, best of luck, it works like magic... just don't get in your own way, AKA, control your emotions, and you will crush it... best of luck Moty. You have been here a long time. Your gonna crack it!
Emotional Control. Process, not outcome.
  • #827,464
  • May 30, 2024 4:17am May 30, 2024 4:17am
Quoting Moty
{quote} i changed it to increase your eqvity by 30% evry day strategy {image}
only 30%? the moty i know can do 50% at least
  • #827,465
  • May 30, 2024 4:19am May 30, 2024 4:19am
Daily is folding day.
Today or tomorrow the short should start.
be patient and follow money management.
  • #827,466
  • May 30, 2024 4:20am May 30, 2024 4:20am
Quoting billGU
{quote} only 30%? the moty i know can do 50% at least
i did today
from 130 to 190
yes yes yes
  • #827,467
  • May 30, 2024 4:21am May 30, 2024 4:21am
Quoting Sammih
{quote} added some shorts {image}
That weekly open could be a sweet shorting spot
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.30.051234.png Size: 34 KB
I'm high on trading, cant you tell?
  • #827,468
  • May 30, 2024 4:22am May 30, 2024 4:22am
Quoting Moty
{quote} i changed it to "increase your equity by 30% every day" strategy {image}
aim to 5%, 30% is impossible to get everyday.. you need to make the right decision almost 90% of the time with a sl.
  • #827,469
  • May 30, 2024 4:23am May 30, 2024 4:23am
I will try to short after i see an hourly struggle to close above 27300

they will keep trying to do that today, write it down.
  • #827,470
  • May 30, 2024 4:30am May 30, 2024 4:30am
Quoting Moty
{quote} i did today from 130 to 190
with these numbers you might need to make frequent withdrawals
I'm high on trading, cant you tell?
  • #827,471
  • May 30, 2024 4:39am May 30, 2024 4:39am
Quoting Jade Gate
{quote} Stop losses are super important and dependent upon your trading style where you put them. Scalping SL's are often tight. Intraday more relaxed, multi day wider and position SL's wider again. Depends on your account size, margin requirements and preferred method of trading. Capital protection is everything. The temptation kicks in to move SL's lower or higher and that's where the emotional / psychological discipline kicks in.
Discipline... AND, may I add, excepting when you are wrong. THAT is the magic!
Emotional Control. Process, not outcome.
  • #827,472
  • May 30, 2024 4:40am May 30, 2024 4:40am
Quoting Sammih
{quote} with these numbers you might need to make frequent withdrawals
My goal is 2.5% a day? But my focus is to average it by the week..
  • #827,473
  • May 30, 2024 4:45am May 30, 2024 4:45am
Quoting Whale
{quote} My goal is 2.5% a day? But my focus is to average it by the week..
Yes, very workable. Since its possible to make that and maintain quite low risk, thats very doable. also given that we dont know when the good day of the week will be, averaging it out over a few days will reduce trading expectations on a day to day basis. Also in a good week, you can do very well. For instance, GJ last 2 weeks has been good and could have averaged that every couple of days.
I'm high on trading, cant you tell?
  • #827,474
  • May 30, 2024 4:47am May 30, 2024 4:47am
Quoting Sammih
{quote} That weekly open could be a sweet shorting spot {image}
Quick question...what do you typically look at when your trading this pair? Example for GBPUSD I watch the DXY as well.
  • #827,475
  • May 30, 2024 4:59am May 30, 2024 4:59am
Quoting Konichiwhaat
{quote} Discipline... AND, may I add, excepting when you are wrong. THAT is the magic!
very true. I dont like using the word wrong though...when trading, losses are inevitable. You just need to BELEIVE in your edge and accept the losses with the wins, all part of trading. Taking losses personally means some people might not want to close losing trades as it affects them negatively which really isn't the case. No one knows what the market is going to do. If there is, we could have trading trillionaires!

Losses to traders - - - ->

Inserted Video
I'm high on trading, cant you tell?
  • #827,476
  • May 30, 2024 4:59am May 30, 2024 4:59am
Quoting Whale
Daily is folding day. Today or tomorrow the short should start. be patient and follow money management.
I suppose a lot will depend on the data later. If it’s green we could see a move down to the below 12650 potentially by tomorrow
Insane in the Brain..
  • #827,477
  • May 30, 2024 5:03am May 30, 2024 5:03am
Quoting SmallGains
{quote} Quick question...what do you typically look at when your trading this pair? Example for GBPUSD I watch the DXY as well.
I really dont look at anything else to confirm my trades
The USDJPY/GBPUSD have correlations with the dragon but its not constant enough to be used to aid in the trading so I mostly use my strategy.
I'm high on trading, cant you tell?
  • #827,478
  • May 30, 2024 5:04am May 30, 2024 5:04am
Quoting SmallGains
{quote} Quick question...what do you typically look at when your trading this pair? Example for GBPUSD I watch the DXY as well.
experience pls answer to this i also want to know ..... is it really important to check DXY or FTSE to trade GU?
  • #827,479
  • May 30, 2024 5:05am May 30, 2024 5:05am
Scalp Long 2710 to 2730

sl 30m close below 2710
  • #827,480
  • May 30, 2024 5:10am May 30, 2024 5:10am
Quoting Sammih
{quote} I really dont look at anything else to confirm my trades The USDJPY/GBPUSD have correlations with the dragon but its not constant enough to be used to aid in the trading so I mostly use my strategy.
Yea ive been trying to find something i could correlate it with and wasnt finding anything. Its a wild ride. traded it yesterday for the first time was short at 200.134 and SL hit. Didnt get in again cuz didnt want to hold over night. Should have obviously but new to pair so experience is worth a little loss.
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