Cable Update (GBPUSD)

You
I better call her to shut off the computer now

out of that for 5 pips - taken 1 hour, pattern on M15 looks like could be consolidation before another upswing

Chart as Chaz describes except with far too much cr*p on mine.

gone long @ EMA200 M15 same as before SL20 TP 30

+42p ++1% shorting 5454-5435 Europe. Waiting for American sharks

The parabolic sar has broken down on both 1H & 4H. I'm wondering how strong this move down will be. Me staying flat nevertheless. GL.

I should have just played scrabble with the family

Winter time and the living is easy:+54p longing from5401

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hey mate,

just a quick question, why did you take those short positions in the first place?

More importantly, you continued to add positions, which is not wrong if those price levels were part of your trade plan but my guess, and please correct me if im wrong, you were shorting there hoping to recoup the loses from the first trade faster.

Like Magix said, make sure to take some time off to see where you went wrong. If you exited those trades some time in the last hour you probably took some profit but make sure not to assume your trade went as planned . If i were you, regardless if you took profit off this trade, i would look at it as a loss.

many of the FF members here are more than willing to help which is what makes this forum great. The help offered is only to make YOU a better trader but not to look for others signals etc.

money is the name of game so emotions are going to get involved. Thats definitely the hardest thing to overcome, imo, is changing your bias when a trade goes against you.

If you had a trade plan and you anticipate lower prices than i hope you did not take your trade off the table and you let it run to your PT. Exit the trade when you realize your mistake in your analysis and allow for the possibility the market isnt going to do as you thought.

Myself just like im sure any other trade here when first started thought to themselves "the market can only go two ways, up or down, that gives me a 50% chance that i'll be right! this can't be that hard with those odds". Its amazing when first starting that the 50/50 idea is horse shit. Stick to your trade plan my friend, but make sure your trade plan allows losses.

For christmas and into january i created a new account with a very little bit amount of money ,that im willing to lose, to trade in this end of year climate. Nick named of course "Kamikaze". Its going well but i of course still stick to the trade plan win or lose.

Good luck to you mate i hope all else goes well.

added

Hi, i've been trying to click back on your conversations with Cloggs 24 Dec, but cant find the originals . Could you help me out?

closed both

anyone want to share their opinion where gbp is heading.thanks

Weakness on an M5 chart and holding in an area of common s/r....possible challenge on daily/monthly lows. If support is gained here an attempt at topside R1, R2 possible....

If support not gained, we have only challenged the L2 for supports on the weekly cams. L3 is the next possible downside targeted zone, approx 1.5374, L4 not on chart shows baseline support at 1.5286ish....

i have a short position opened at 5387,a bit late entry,but gonna hold till tomorow to see where its heading,thx for the charts.

down TP/SL 60/60 from 15420