Cable Update (GBPUSD)

Quoting Anti_Losses

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{quote} Hi Hickson If you are looking at adding to losers, I think you can start with low capital like $1000. If you can tolerate say up to a reasonable negative $ of your total position before it moves to positive $ and set a reasonable TP. Repeat this exercise for maybe 3 months to 6 months. During this time, whenever your positions are closed with your reasonable TP, it must must be positive each time. If there is once you fail to close in positive, very likely the numbers you have set to open is incorrect. Must get the numbers right before you...

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Quoting GlobalMacro

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{quote} Saludos Jeff, Hope you had a wonderful weekend , Compadre. So what you're sayin' , is - come 6767 there's no turning back for this honey pie .... makes sense ; explains why traders keeping it off in limbo right above the level... I "terrapin-pippin" like that

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Quoting Hickson

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{quote} Hi, adding to losers is really not my cup of tea. But I agree with getting comfortable with more money. Even though it is the same technically to trade 100 $ or 100 k $, it is a whole different story psychologically. I have discovered that I have very little tolerance for draw downs. To say the least, I absolutely hate them. When I know a position is going more and more into the red, I cannot sleep - so after all the usual noobie experiences, I use strict SLs when price moves against me. It works much better for me because I am not a person...

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Quoting Anti_Losses

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{quote} Yes... You have make yourself clear so I know your trading style is different. Your way is also one of the way to get money from the market...

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Quoting TerpFan2

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Chris Good Buddy! What up, "Up North", G -Not TOO bad a summer, eh? I may have missed you again, but i'll be ducking in here & outta here... 'Hope all is well, just getting back to things. All my best Partner, Jeff

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Quoting TerpFan2

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Since we're on the Topic here, and Paint is "Drying" on the Pound, And since i have so-much "Dumb" Experience in this area, -i will "chime" in. Yes, I've added to 'Loser's', -not real smart... Can we do it, yes. Is it smart- Maybe so, most likely not, nearly all of the time. My only advice is you have to know where you're at on the Map / or the "Ball Field". -Take your favorite pick / analogy, be it soccer, football, baseball... And you have to mentally not think you're in for a baker's dozen worth of, "Fresh Pip's"...! -You have to grab it & get...

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Quoting Hickson

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{quote} Of course, there are many ways. One user here (I do not remember who now) said: If you just would have the discipline to open a random position in the market with a RR of at least 1:1 and hold the positions no matter what, it would probably still be profitable. Do not know if this is not a bit exaggerated, but it pretty much points towards what is important.

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Quoting TerpFan2

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{quote} Hey Buddie, Thanks Global... I see 1.6767 as an 'Initial-Tic' or trigger of weakness, as a Part this wave#4's, Latest, or Short-Term, "Low". Now, -Can it go up from there, -Sure. But the pattern we're in is "Corrective", not "impulsive". -I'm in with you my brother, i want more than the 1.6750, i want it deeper, like 1.6723, -from the latest "high" in this current wave-4. Looking at a "M", "W" & "D" chart, i'm just dreaming she'll come to Fruition, "South". -The "D" / Daily Chart has had, TWO (2), 5-Wave run up's, from what i see. I think...

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Quoting GlobalMacro

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{quote} Copy that Brother.... leg up after 6723 should not be too extended....ideally .....?....... After all , if we want her to test 200DMA , that's gotta be the case...hopefully ....I say once in a trend then let's make the best of it. It's a pleasure Jeff , every time . Have a great one. Have a safe one.

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Quoting TerpFan2

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Getting Out Past the "Back"... 15 min's down from where 'USED to Live, Until i moved back to 'East Coast w/Chris, Like a "Dumbtard" . Well... (kinda). It's been good... Watch this, -Regarding "Getting OUT Past the BACK"! https://www.youtube.com/watch?v=4Fqg43ozz7A Enjoy, Jeff Out!

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Quoting TerpFan2

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Chris Buddy... 'Still have'nt grabbed a Shoefly (Pie) yet, even though i "Tooled" right by Dutch Haven, in Lancaster, ... ! Someday buddy, someday 'grab one & come visit. Still working down in the MD / DC /VA area. All my best buddy, Thanks & Look fwd to keeping up! Jeff

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Quoting TerpFan2

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Perspolis, Take a "Gander" @this... And Please... Don't be or get "Offended". We are in the 2nd-Wave- "Set" of Two Five-Leg's Down. Check my Wave-Counts, They may not be Adequate or Right... Wave-3 is ALWAYS the Longest. Wave-4, -(Like now), is "Corrective" in nature. Now, Inside some of the wave(s) you will see some 3- and 5 counts, as i placed on the chart. I'll bug out, but i hope this helps. Your call though my friend. 'Wish you the Best, of Pipping, Jeff Out {image}

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