Cable Update (GBPUSD)
I apologize for the running commentary.......I know everyone can see what I see......just bored as F($K here...
According to my TL, it has broken out bro
Ooh...
If You're willing to accept my advice :
Trigger after 2 Candles from Price now, it will be caught a Break or not.
Because when a trigger 1 Candle, sometimes found False Signal.
. I trade channel peaks on this pair (now only pair I trade). I am just trying to stick to my rules. I find the GU very precise when my TL are right. I learn thru pain (either a losing trade or a missed winning trade because it didn't FEEL right). I am trying to condition my emotions to just trade my system without thinking too much about what I THINK might happen. No Sl at this point. I expect a bit of bearish Frankie action but not too much. Maybe around 5785. R/R ratio sucks big time but like I said, I am trying to trade every signal my system gives so i can develop more faith in it.
Hi Tsar, thx my friend
FYI - I closed my short in Cable (looks like too early) for 15 pips profit. I am going to bed now - it is Family Day Holiday In Canada tomorrow - so I need to be fresh to take the family skiiing. It is only 2:15AM right now.....so I should get 4 hours of good sleep.
Happy Pipping to all - and also....the only reason I traded tonight on this slow night is that I was setting up my new trading desk with new monitors and also trying out new charting software.
And as I type.....I see cable going lower....like I said probably closed too early...
No Sl at this point. I expect a bit of bearish Frankie action but not too much. Maybe around 5785. R/R ratio sucks big time but like I said, I am trying to trade every signal my system gives so i can develop more faith in it.
please don't mad at me for saying this bro...well actually i'm not qualified to say this to a senior traders like u in here....
well...
I believed the powerfull system is not a software programmes that we installed in our computer...It is our own brain that actually carries a powerfull programmes...correct me if i'm wrong
I understand bro, you're good bro. The problem is my brain is not so good, so I must rely on my system, take the losses with the wins. It is a profitable system as long as I follow the rules, so I am no longer going to worry about the losses, just trade mechanically every set up. Some set ups are obviously better than others, so I adjust trade size accordingly. Cheers for your concern bro
My brain did summize that the bullish 1 hr candle into this resistance before my channel suggested we are perhaps ready to break this resistance, just my 8th grade brain talking though bro
