Cable Update (GBPUSD)

Quoting Davit

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my short army is waiting in combat mode. 9 shorts on GC {image}

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Quoting Davit

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One way to overcome losses is to average in a trade if intended lot is 2lots divide into 4 mini lots (I prefer 8)and spread those in 50pips increments.if price triggers 2 limits then wait until in profit and move sl to break even then add the other 2 This way you are not panicking when in red.At worse case scenario you can take a loss at .50 mini lot instead of 2full lot.Most profitable traders know that some red is necessary until orders are in profit.Its a delusion to think every order must be in profit imminently. Average 20pips SL is account...

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Quoting 1pipperhour

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{quote} That's one way to do it The thing is that at first everyone wants to get rich fast and they don't learn unless they haven't experienced huge losses themselves. So I say, go and bust your account and learn something from it.

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Quoting Davit

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One way to overcome losses is to average in a trade if intended lot is 2lots divide into 4 mini lots (I prefer 8)and spread those in 50pips increments.if price triggers 2 limits then wait until in profit and move sl to break even then add the other 2 This way you are not panicking when in red.At worse case scenario you can take a loss at .50 mini lot instead of 2full lot.Most profitable traders know that some red is necessary until orders are in profit.Its a delusion to think every order must be in profit imminently. Average 20pips SL is account...

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Quoting TauTrader

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{quote} Good day to you, Davit I do the same. Daily chart shows we have barely entered the sell zone. Price could drop from here - so I place a very small order as a sacrificial lamb so to speak. Just in case she runs off and leaves me behind. I will place further shorts at intervals and with each one slowly increasing lot size to what I see at acceptable in terms of risk. Exponentially improving my BE point. Regards and all the best {image}

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Quoting Davit

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{quote} I get sick of reading 95% losers crap. Sad part most are scalpers,short time frame traders.High leverage,high risk takers.Greed kills accounts.Plain and simple. If one realizes this sooner then all for the better. Regards friend,Green pips

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Quoting Davit

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{quote} GBP/CAD is looking real good already for shorts.Worth a look. I target pairs which are in price channel and in range.Just about every CAD pair is within well defined tight range. Look at weekly No Real high or Low since 2010! Perfect! Love Canadian Dollar Good day to you as well friend! {image} {image}

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Quoting TauTrader

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{quote} Daily chart shows we have barely entered the sell zone. Price could drop from here - so I place a very small order as a sacrificial lamb so to speak. Just in case she runs off and leaves me behind. I will place further shorts at intervals and with each one slowly increasing lot size to what I see at acceptable in terms of risk. Exponentially improving my BE point. Regards and all the best {image}

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Quoting TauTrader

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{quote} I'm watching USDCAD. Waiting for it to drop so I can long towards 1.07. Regards

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Quoting Davit

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{quote} 80-90% all my orders are shorts. I can only short Cad pairs which means I buy the loonie. I have limit shorts waiting from 600 and up.Less stressful then buying to me. Between greed and fear fear is stronger sentiment. So I'll wait patiently until you get there then I'll short.Win win

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Quoting TauTrader

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{quote} Cheers NAV.. appreciated. You have made some excellent deductions over the past few weeks that played out well for you. I do not believe for one second that you know jack. That's bull. The trade did not work. That is all. Have a good one!

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Quoting Fx_Anil

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GBPUSD is trading in an ascending trend channel on 1-hourly chart, indicating strengthening GBP. Later today US Housing Starts and U. Michigan Consumer Sentiment is expected to give some strength to USD. The pair is having a support near 1.5600, breaking which it is expected to test 1.5540 level. On the upside, a sustained break above 1.5660 may lead the pair towards 1.5700. Traders having long positions should maintain a stop-loss of 1.5600 with 1.5700 being the target. {image}

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Quoting Davit

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One way to overcome losses is to average in a trade if intended lot is 2lots divide into 4 mini lots (I prefer 8)and spread those in 50pips increments.if price triggers 2 limits then wait until in profit and move sl to break even then add the other 2 This way you are not panicking when in red.At worse case scenario you can take a loss at .50 mini lot instead of 2full lot.Most profitable traders know that some red is necessary until orders are in profit.Its a delusion to think every order must be in profit imminently. Average 20pips SL is account...

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