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Cable Update (GBPUSD)

  • #427,381
  • Apr 5, 2016 3:28pm Apr 5, 2016 3:28pm
Quoting nealpek
LI1979 I totally understand confluence. But, what truly drives markets has nothing to do with touching a 38 or 50 fib line. Every trader is offered these useless tools with their software. If they are giving it to you and all other traders for free to use, it must be a very valuable and reliable tool. That's why so many traders use them, sometimes they work and sometimes they don't. You need to get away from these reliable "tools" and understand how markets flow, and what drives them. If everyone uses them, how come the vast majority of traders...
The mean reason the vast majority of traders are not successful is the lack of motivation and moneymanagement not tool a or b. Instead of grinding their way to the top they rather watch TV while becoming a millionair overnight. Basic human behavior people are lazy don 't wanna spend days/weeks/month on charts and dislike the idea to cut losses early (don 't worry everything will be ok/ overleverage / revenge trading)

I see it as a sport to enter or exit trades to the pip and market structure (PA) + tools give me the opportunity to do that. Market structure along isn 't enough to master the art to enter/exit a trade to the pip.

A succesful trader imho is someone who manage his/her risk and make a consist profit in ranging and trending markets.

agree to disagree there is no path written in stone to follow to become successful in forexwonderland. I wish all the green pips.
persistence and determination alone are omnipotent
  • #427,382
  • Apr 5, 2016 5:11pm Apr 5, 2016 5:11pm
Quoting Ll1979
{quote} The mean reason the vast majority of traders are not successful is the lack of motivation and moneymanagement not tool a or b. Instead of grinding their way to the top they rather watch TV while becoming a millionair overnight. Basic human behavior people are lazy don 't wanna spend days/weeks/month on charts and dislike the idea to cut losses early (don 't worry everything will be ok/ overleverage / revenge trading) I see it as a sport to enter or exit trades to the pip and market structure (PA) + tools give me the opportunity to do that....
NIcely said
What's that smell? ---- I smell money!
  • #427,383
  • Apr 5, 2016 10:33pm Apr 5, 2016 10:33pm
Quoting nealpek
Think of all the "pain, nervousness, and scrambling", going on right now!! We've all been there... This is how markets work, train your eyes to spot these things, and accounts will grow... Here we go, lots of real volume to show its a real move!! {image}
Hi neal,

It may sound silly to a experienced trader...As for newbie like me, quite confusing how you guys make decision on volume indicator.
Could you enlighten on this to explore further.....Any links,articles on this subject...

Thanks
  • #427,384
  • Apr 5, 2016 11:08pm Apr 5, 2016 11:08pm
The GBPUSD may try to continue going lower, but a pullback to the upside may cause the 55 day EMA, around the 1.4300 level to become resistance.
  • #427,385
  • Apr 6, 2016 12:36am Apr 6, 2016 12:36am
Quoting SteFX85
{quote} NIcely said
thnx
persistence and determination alone are omnipotent
  • #427,386
  • Apr 6, 2016 1:18am Apr 6, 2016 1:18am
Quoting Ll1979
{quote} The mean reason the vast majority of traders are not successful is the lack of motivation and moneymanagement not tool a or b. Instead of grinding their way to the top they rather watch TV while becoming a millionair overnight. Basic human behavior people are lazy don 't wanna spend days/weeks/month on charts and dislike the idea to cut losses early (don 't worry everything will be ok/ overleverage / revenge trading) I see it as a sport to enter or exit trades to the pip and market structure (PA) + tools give me the opportunity to do that....
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  • #427,387
  • Apr 6, 2016 1:40am Apr 6, 2016 1:40am
Quoting Ll1979
{quote} thnx
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morning i left yesterday and was pp out for 18 pips and it did not even hit the short number , now tl again or we could be looking triple hit 405
  • #427,388
  • Apr 6, 2016 1:43am Apr 6, 2016 1:43am
Quoting PatienceFx
{quote} {image}
hilarious picture
persistence and determination alone are omnipotent
  • #427,389
  • Apr 6, 2016 1:45am Apr 6, 2016 1:45am
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plan b ??
  • #427,390
  • Apr 6, 2016 1:52am Apr 6, 2016 1:52am
Quoting elbert3
{quote} {image} morning i left yesterday and was pp out for 18 pips and it did not even hit the short number , now tl again or we could be looking triple hit 405

nice job m8 you really nailed it with your 4238 (missing it by 1 pip or so)
persistence and determination alone are omnipotent
  • #427,391
  • Apr 6, 2016 1:53am Apr 6, 2016 1:53am
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1 min first touch tl needs to stay intact if ti breaks res look to pp on the number
  • #427,392
  • Apr 6, 2016 1:54am Apr 6, 2016 1:54am
Quoting Ll1979
{quote} nice job m8 you really nailed it with your 4238 (missing it by 1 pip or so)
yes but it was on auto so i missed it
  • #427,393
  • Apr 6, 2016 1:58am Apr 6, 2016 1:58am
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come on
  • #427,394
  • Apr 6, 2016 2:37am Apr 6, 2016 2:37am
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3 trades ,2 long 1 short scalp , need to break the last res , bit busy
  • #427,395
  • Apr 6, 2016 3:21am Apr 6, 2016 3:21am
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back on that bottom again watch out for bounce broke my 2 tls nicely
  • #427,396
  • Apr 6, 2016 3:24am Apr 6, 2016 3:24am
Quoting elbert3
back on that bottom again watch out for bounce

could be a nice bounce indeed
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persistence and determination alone are omnipotent
  • #427,397
  • Apr 6, 2016 3:27am Apr 6, 2016 3:27am
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1st ext hit tp watch the bounce to res
  • #427,398
  • Apr 6, 2016 3:32am Apr 6, 2016 3:32am
gl i am late but 112 pips in the bag,, not bad but had to work at it , i still have a long now fro 4 weeks and holding it small lot but at one time it was 344 pips up. regards
  • #427,399
  • Apr 6, 2016 3:40am Apr 6, 2016 3:40am
Quoting elbert3
gl i am late but 112 pips in the bag,, not bad but had to work at it , i still have a long now fro 4 weeks and holding it small lot but at one time it was 344 pips up. regards
persistence and determination alone are omnipotent
  • #427,400
  • Apr 6, 2016 4:07am Apr 6, 2016 4:07am
buying the pair is bad idea it will fall till 1.3950, it will not go up until then
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