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Cable Update (GBPUSD)

  • #411,841
  • Mar 19, 2015 4:37am Mar 19, 2015 4:37am
Quoting elbert3
{quote} in this game better to win little more often then lose lots in one go,, gl today,, E
Fortunally I'm going fixing trading mistakes while learn control my feelings. I think you are right. While you earn money, not important if is little or much
Try don't lose pants never...
  • #411,842
  • Mar 19, 2015 4:37am Mar 19, 2015 4:37am
Quoting hetfield
{quote} Is a very great fear regarding which direction to take, I launched another sale with the intention of scalping and well stop short of 7 pips and was thrown out again. Was the reversal peaks, but are not being respected. At the moment I only watch the movement, and think about which direction to take at the time of Unemployment Claims
here support 50 ema this set up for me is long untill cros over 10/20. so resistance is the 10, break that gives a stronger chance to break 4920 and into the next trend line
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  • #411,843
  • Mar 19, 2015 4:43am Mar 19, 2015 4:43am
Quoting hetfield
{quote} I also have problems with stop losses. I'll increase it to as the market goes against me, I am slowly stopping this the heavy losses, my historical account lets not lie. I am considering win more often little and get out soon if the market goes against my order
I lost my account 2 times for i didn't put SL. First time 5 bad orders and last time only 4 bad orders. When you do more 300 orders fine and 4 blow your account and you analyze losses if you cut that orders before, you would see you have in your pocket a lot of money. But i need time for have better MM. At this moment my balance cutting bad orders is better than not closing it. I hope can start to earn money soon. I think this time i will get that goal
Try don't lose pants never...
  • #411,844
  • Edited 4:55am Mar 19, 2015 4:44am | Edited 4:55am
Quoting hetfield
{quote} I also have problems with stop losses. I'll increase it to as the market goes against me, I am slowly stopping this the heavy losses, my historical account lets not lie. I am considering win more often little and get out soon if the market goes against my order
It is not that difficult to determine direction...

In H4 we had a downtrend composed of lower highs and lower lows. Yesterday we made a higher high, breaking the previous high at "A". Today we tested the broken high at "B". We now have an uptrend until the new low at "B" is broken.

Also, observe the bullish divergences on the TSI.

Observe also that the H4 TMA (Magenta) is turning higher, headed now for the upper band of the D1 TMA (Aqua) at 1.5350, where I have my TP. I took profits last night of half the positions at 1.5100, the centerline of the D1 TMA (Dotted Blue line), which always offers good resistance.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #411,845
  • Mar 19, 2015 5:02am Mar 19, 2015 5:02am
Quoting braintheboss
{quote} I lost my account 2 times for i didn't put SL. First time 5 bad orders and last time only 4 bad orders. When you do more 300 orders fine and 4 blow your account and you analyze losses if you cut that orders before, you would see you have in your pocket a lot of money. But i need time for have better MM. At this moment my balance cutting bad orders is better than not closing it. I hope can start to earn money soon. I think this time i will get that goal
Have an excellent rate of wins, just look in your explorer. Improving their risk of handling has everything to make big money. I hope you get your goals, and am struggling to reach mine. I want to live it, love trade forex and hate to leave my house to work on a boring company 9/10 hours a day .It's a big risk, but at the moment I operate part of my savings
  • #411,846
  • Mar 19, 2015 5:11am Mar 19, 2015 5:11am
Attached Image (click to enlarge)
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4920 hope to speed up at least 20 pips / 5000 now ,but watch tl
  • #411,847
  • Mar 19, 2015 5:11am Mar 19, 2015 5:11am
Quoting Alorente
{quote} It is not that difficult to determine direction... In H4 we had a downtrend composed of lower highs and lower lows. Yesterday we made a higher high, breaking the previous high at "A". Today we tested the broken high at "B". We now have an uptrend until the new low at "B" is broken. Also, observe the bullish divergences on the TSI. Observe also that the H4 TMA (Magenta) is turning higher, headed now for the upper band of the D1 TMA (Aqua) at 1.5350, where I have my TP. I took profits last night of half the positions at 1.5100, the centerline...
Hello Alorente, good to see you here. great analysis
Do you think this trend will remain even in the US is good news, is always great movement on behalf of them. I think they expect to get open and pending orders 20 pips forward
  • #411,848
  • Mar 19, 2015 5:12am Mar 19, 2015 5:12am
Quoting hetfield
{quote} Have an excellent rate of wins, just look in your explorer. Improving their risk of handling has everything to make big money. I hope you get your goals, and am struggling to reach mine. I want to live it, love trade forex and hate to leave my house to work on a boring company 9/10 hours a day .It's a big risk, but at the moment I operate part of my savings
In real same win rate. More 90% but problem is i don't let run the winning orders enough. I put tp and much times cut before. When i fix my head problem I'm sure i will earn consistently. In backtest without money pressure i earn much money xD. In demos i have in forexfactory same until i was boring and i started with experiments
Try don't lose pants never...
  • #411,849
  • Mar 19, 2015 5:25am Mar 19, 2015 5:25am
Good AM
Numbers NEVER Lie
  • #411,850
  • Mar 19, 2015 5:30am Mar 19, 2015 5:30am
Quoting hetfield
{quote} Hello Alorente, good to see you here. great analysis Do you think this trend will remain even in the US is good news, is always great movement on behalf of them. I think they expect to get open and pending orders 20 pips forward
I am mostly a technical trader. I don´t give much importance to the news, one way or the other, even though I stay up to date with fundamentals.

The chart signals an uptrend right now (In H4), so I only Buy. I try not to condition what the chart indicates with my opinion. It is better to follow what the chart is telling you at the moment. I do tend to be too early with my entries sometimes. Still working on that... Impatience...
Observation is the path to discovery.
  • #411,851
  • Mar 19, 2015 5:30am Mar 19, 2015 5:30am
Attached Image (click to enlarge)
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same as before tp 4920 look to bounce as 1 hour indi is still long, fail then tl has failed to go up and for now look to the lower line ,i have a load above ,
  • #411,852
  • Mar 19, 2015 5:34am Mar 19, 2015 5:34am
morning

so... finally scaled out most of my long position in 1.4920 (entry 4640 LOL) few minutes ago.

reasons:

there was nice reaction in 1.48 pumping up price > 1.49 but mkt will need a support to base with and go higher in next weeks.

main important factor to me will be weekly close price which, btw, can be anywhere between 1.45 and 1.52 (...)

monthly is still in full downtrend setup. so no worries.

at my eyes.. what we have atm is a bus stop in downtrend which could send price to retracement levels.

this to happen needs a lot of things, most important we need to see 1.4850 - 1.4990 area acting as support. long way to get this!

so wish everybody an happy trading see you next week.



eventually... will pop-up if / when i see another good opp
90% of traders use TA, indicators and prediction
  • #411,853
  • Mar 19, 2015 5:36am Mar 19, 2015 5:36am
I think the weekly is a good indication for shorting rallies.

Nice retest of the blue breakout and red TL

Expecting down next week to round out the month
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Come with me if you want to live....
  • #411,854
  • Mar 19, 2015 5:37am Mar 19, 2015 5:37am
Quoting elbert3
{image} same as before tp 4920 look to bounce as 1 hour indi is still long, fail then tl has failed to go up and for now look to the lower line ,i have a load above ,
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 54 KB
higher if possible to tl, but a lot to do news coming to spoils or generate , remamber day in in down trend , slowly slowly still fail on 4923 is possible
  • #411,855
  • Mar 19, 2015 5:38am Mar 19, 2015 5:38am
Quoting _BBKing_
morning so... finally scaled out most of my long position in 1.4920 (entry 4640 LOL) few minutes ago. reasons: there was nice reaction in 1.48 pumping up price > 1.49 but mkt will need a support to base with and go higher in next weeks. main important factor to me will be weekly close price which, btw, can be anywhere between 1.45 and 1.52 (...) monthly is still in full downtrend setup. so no worries. at my eyes.. what we have atm is a bus stop in downtrend which could send price to retracement levels. this to happen needs a lot of things, most...
You the man

Come with me if you want to live....
  • #411,856
  • Mar 19, 2015 5:43am Mar 19, 2015 5:43am
Quoting Alorente
{quote} I am mostly a technical trader. I dont give much importance to the news, one way or the other, even though I stay up to date with fundamentals. The chart signals an uptrend right now (In H4), so I only Buy. I try not to condition what the chart indicates with my opinion. It is better to follow what the chart is telling you at the moment. I do tend to be too early with my entries sometimes. Still working on that... Impatience...
Of course, your opinion but well consistent with what the chart is showing. The problem at the moment for me is the news to be released, they always cause a great strain in the movement,when I'm impatient large losses or more sequential smaller losses, ongoing work to prevent this
  • #411,857
  • Mar 19, 2015 5:47am Mar 19, 2015 5:47am
Quoting elbert3
{quote} {image} higher if possible to tl, but a lot to do news coming to spoils or generate , remamber day in in down trend , slowly slowly still fail on 4923 is possible
If US reports are excellent, slope trend down again maybe, just watching and waiting for them
  • #411,858
  • Mar 19, 2015 5:51am Mar 19, 2015 5:51am
Quoting hetfield
{quote} If US reports are excellent, slope trend down again maybe, just watching and waiting for them
  • #411,859
  • Mar 19, 2015 5:53am Mar 19, 2015 5:53am
Quoting Alorente
{quote} I am mostly a technical trader. I dont give much importance to the news, one way or the other, even though I stay up to date with fundamentals. The chart signals an uptrend right now (In H4), so I only Buy. I try not to condition what the chart indicates with my opinion. It is better to follow what the chart is telling you at the moment. I do tend to be too early with my entries sometimes. Still working on that... Impatience...

have the same problem!! really!

recently i managed in this way:

1. make my study
2. see an opportunity
3. wait for price to move lower (in case of buy) or higher (in case of sell).
4. meanwhile waiting... i don't even open charts. i just let it go.

i know can sound crazy. but that's the only way i have! there are so many confusing things in a chart during one single day!

but this is true since i prefer med-long term trades (at least 1 -2 weeks) not applicable for short term!
90% of traders use TA, indicators and prediction
  • #411,860
  • Mar 19, 2015 5:54am Mar 19, 2015 5:54am
Quoting braintheboss
{quote} In real same win rate. More 90% but problem is i don't let run the winning orders enough. I put tp and much times cut before. When i fix my head problem I'm sure i will earn consistently. In backtest without money pressure i earn much money xD. In demos i have in forexfactory same until i was boring and i started with experiments
I often regret that I have closed an order with only 20/30 pips gain maximum when the end of the day moved over 100 pips, hitting a sadness
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