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Cable Update (GBPUSD)

  • #851,141
  • Jan 20, 2025 2:26pm Jan 20, 2025 2:26pm
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Are 5 pips enough?

1 lot would net $50.

10 lots would net $500.

1 mini would net $5.

1 micro would net $.50.

How many times do you have to see something before you take action?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,142
  • Jan 20, 2025 2:32pm Jan 20, 2025 2:32pm
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Are 10 pips enough?

If you took 5 pips and see the price keep moving in your favor, are you affected at all?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,143
  • Jan 20, 2025 2:36pm Jan 20, 2025 2:36pm
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If you had the opportunity to take 10 pips and didn't, are you affected at all?

Do you understand that trading involves putting your money at risk? This means you need a money management strategy and a risk management strategy that has nothing to do with your entry method.

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,144
  • Jan 20, 2025 2:40pm Jan 20, 2025 2:40pm
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"This method sucks. I was up 10 pips and price moved against me and now I am at a loss! You need more indicators on the chart!"

Meanwhile, other traders have banked 5 or more pips and are waiting for the next signal.

Which one are you?


Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,145
  • Jan 20, 2025 2:50pm Jan 20, 2025 2:50pm
Quoting Georginson
This week is likely to be volatile and explosive.... A likely battle between 1.2600 versus 1.2015... Trade with utmost caution
Above 1.2250 will target 1.2650 this January... Trade with caution. I will exit my sell trade at break even if price returns to 1.2291.
Data + Stat + Risk/Emotions Management
  • #851,146
  • Jan 20, 2025 2:50pm Jan 20, 2025 2:50pm
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yes yes yes
  • #851,147
  • Jan 20, 2025 2:56pm Jan 20, 2025 2:56pm
Quoting Georginson
{quote} Above 1.2250 will target 1.2650 this January... Trade with caution. I will exit my sell trade at break even if price returns to 1.2291.
Why not move your SL to BE+5 or BE+10? Why give it all back? At least get paid for time in trade.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,148
  • Jan 20, 2025 3:14pm Jan 20, 2025 3:14pm
Y/Jan middle 1.2334.
Jan POC rn @ 1.22

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Air force
  • #851,149
  • Jan 20, 2025 3:21pm Jan 20, 2025 3:21pm
Quoting Zebi
{quote} I'm gonna wait to trash trump till after the first 100 days.... isn't that how american presidents get ranked by what they did the first 100 days ?

He has stopped the war in Israel already. Satanic democrats wanted more war and everywhere.

Hopefully he can keep peace for longer.
  • #851,150
  • Jan 20, 2025 3:23pm Jan 20, 2025 3:23pm
What I'm thinking..
Inserted Video
Compulsions can be hard to resist
  • #851,151
  • Jan 20, 2025 3:30pm Jan 20, 2025 3:30pm
Quoting TooSlow
{quote} Why not move your SL to BE+5 or BE+10? Why give it all back? At least get paid for time in trade. Cheers, Mate!
Thanks for the advice.
Data + Stat + Risk/Emotions Management
  • #851,152
  • Jan 20, 2025 3:33pm Jan 20, 2025 3:33pm
Quoting trumps
What I'm thinking.. https://youtu.be/K48AasRJpag

usa is a very strong and good liar so truth can be something else
  • #851,153
  • Jan 20, 2025 3:36pm Jan 20, 2025 3:36pm
Quoting Georginson
{quote} Thanks for the advice.
Not advice, Mate. Just want to understand your money management philosophy, that's all.

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,154
  • Jan 20, 2025 3:41pm Jan 20, 2025 3:41pm
Quoting Eren10
{quote} usa is a very strong and good liar so truth can be something else
what are you talking about?
Compulsions can be hard to resist
  • #851,155
  • Jan 20, 2025 3:48pm Jan 20, 2025 3:48pm
Quoting trumps
{quote} what are you talking about?

some say that there is a some kind of wall above Earth where a vehicle can’t go through. Your video
looked like a compilation of that, (i haven’t looked in detail) where a space vehicle hits the wall and explodes.
  • #851,156
  • Jan 20, 2025 3:53pm Jan 20, 2025 3:53pm
Quoting TooSlow
{quote} Not advice, Mate. Just want to understand your money management philosophy, that's all. Cheers.
My first rule now is capital protection. Price has turned bullish and there are two possible prices for this January 1.2015 versus 1.2650... my bias is now bullish as far as price trades above 1.2250 and if I'm wrong, i will quickly cut my loss.
Data + Stat + Risk/Emotions Management
  • #851,157
  • Jan 20, 2025 3:59pm Jan 20, 2025 3:59pm
Quoting Eren10
{quote} some say that there is a some kind of wall above Earth where a vehicle can’t go through. Your video looked like a compilation of that, (i haven’t looked in detail) where a space vehicle hits the wall and explodes.
ahh, hit earths dome
Compulsions can be hard to resist
  • #851,158
  • Jan 20, 2025 4:24pm Jan 20, 2025 4:24pm
Quoting W0lfram
{quote} {quote} {image}How to make 495 years of data from 23.5 available? Empirical distribution gives .9175 probability for x > - .0538. But that's unfair, let's include some margin - Friday's open. x > - .047 = .8947 {image} Best-fitted t-distribution. x > - .0538 = .9171, x > - .047 = .8979 Single outcome still unknown {image}
Last 3 dates with 150+ close. Each started @ local lows
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Intuitively (and actually) greater probability tomorrow for a retrace and close inside tday's candle.
~7% to see another run
Air force
  • #851,159
  • Edited 5:31pm Jan 20, 2025 5:14pm | Edited 5:31pm
ok,
closed buy,
waiting for retrace 1.2280 ( maybe?)..no
target 1.2360-70
DR2 1.2390- 1.24 we may see
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  • #851,160
  • Jan 20, 2025 6:15pm Jan 20, 2025 6:15pm
Quoting Abeylyn
{quote} Currently at 4 hour trend resistance. A zone to look for Short. {image} {image} Already short 1st TP @ 1.2262.
Stoploss hit.
Market Structure is the King.....
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Fishbones