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Cable Update (GBPUSD)

  • #429,661
  • Apr 27, 2016 3:32am Apr 27, 2016 3:32am
Quoting chazzle
looks like shaking out early longs pre-data
did you go long? lacks clarity now.
  • #429,662
  • Apr 27, 2016 3:33am Apr 27, 2016 3:33am
positive GDP figures for cable
Don't Leave Money on the Table
  • #429,663
  • Apr 27, 2016 3:40am Apr 27, 2016 3:40am
Quoting HaLBot
positive GDP figures for cable
data is average it ain't brilliant, you can see on H4 there is an ongoing battle now. noone is winning and it's @ DP also.
  • #429,664
  • Apr 27, 2016 3:43am Apr 27, 2016 3:43am
Quoting asgcorp
{quote} did you go long? lacks clarity now.
long on the early pop , sl on reload after pullback - and long again
  • #429,665
  • Apr 27, 2016 3:48am Apr 27, 2016 3:48am
yeah I see where you are coming from. anyhow out to grab a bite see if there's more clarity next few hours.
  • #429,666
  • Apr 27, 2016 3:48am Apr 27, 2016 3:48am
Quoting geektrader
{quote} My systems work 40% of the time (win-rate) and I still make money because my average win is triple as big as my average loser. Win-rate alone doesnt mean the slightest thing. You can have a win-rate of 99% and win 5 pips each time and then 1% of the time lose 500 pips because of a huge SL that many systems use and youve then acutally LOST money. You always have to see win-rate and average winner / loser size in combination. Actually, and thats just for me, 40% or even 30% win-rate is more than sufficient for me as long as as my winners are...
I can't argue with that logic, definitely keep your losses small and wins big, one of the guys at my brokers says his win/loss rate is 50% and makes a good living. There are traders who say that they want to and do achieve the 80/20% ratio where by you go from trading as a hobby to trading as a buisness.
Also I'm wary of people who say they have this system or that system, what I'm saying is prove it over an extended time period
I don't want to sound like I know it all, still got ways to go before I could trade for a living
Don't Leave Money on the Table
  • #429,667
  • Apr 27, 2016 4:03am Apr 27, 2016 4:03am
Trade long in early Euro session

Entry 14579
SL 14553
TP 14609
Pips 31.9

took trade cause of price action for euro plus 30min and 15min candles were both looking positive,would have got in earlier but hesitated.
moved SL to +5 once price moved above 14590 so free trade
price moved so fast past TP they gave an extra 1.9 pips, maybe a first in the history of FX.....LOL
Don't Leave Money on the Table
  • #429,668
  • Apr 27, 2016 4:14am Apr 27, 2016 4:14am
Quoting HaLBot
{quote} I can't argue with that logic, definitely keep your losses small and wins big, one of the guys at my brokers says his win/loss rate is 50% and makes a good living. There are traders who say that they want to and do achieve the 80/20% ratio where by you go from trading as a hobby to trading as a buisness. Also I'm wary of people who say they have this system or that system, what I'm saying is prove it over an extended time period I don't want to sound like I know it all, still got ways to go before I could trade for a living
I trade manually and have a win rate of 86%+ and 91%+ on my current 2 accounts. But in the end it's just a number. It doesn't really matter what is your win-rate, as long as you focus on each single trade the same way. I have learned 1 thing that 1 bad trade can take on your 10 good trades. I have been trading this account since 4-5 months.

P.S:- Just thought to share after reading your post
Losers Hope, Winners Believe
  • #429,669
  • Apr 27, 2016 4:15am Apr 27, 2016 4:15am
Quoting Shiv999
{quote} I trade manually and have a win rate of 86%+ and 91%+ on my current 2 accounts. But in the end it's just a number. It doesn't really matter what is your win-rate, as long as you focus on each single trade the same way. I have learned 1 thing that 1 bad trade can take on your 10 good trades. I have been trading this account since 4-5 months. P.S:- Just thought to share after reading your post
Don't Leave Money on the Table
  • #429,670
  • Apr 27, 2016 4:43am Apr 27, 2016 4:43am
Quoting santaclaus
4500 is key. if holds makes sense buying. if cracks it's pretty bad.
something is the key,

stay above something will happen
stay below something will happen
  • #429,671
  • Apr 27, 2016 4:49am Apr 27, 2016 4:49am
I think we are going down today but 1.45 should hold. But I'm out for now. Waiting for a clear direction.
  • #429,672
  • Apr 27, 2016 4:54am Apr 27, 2016 4:54am
just about time for euro to start heading north again....
Don't Leave Money on the Table
  • #429,673
  • Apr 27, 2016 5:07am Apr 27, 2016 5:07am
Quoting Shiv999
{quote} I trade manually and have a win rate of 86%+ and 91%+ on my current 2 accounts. But in the end it's just a number. It doesn't really matter what is your win-rate, as long as you focus on each single trade the same way. I have learned 1 thing that 1 bad trade can take on your 10 good trades. I have been trading this account since 4-5 months. P.S:- Just thought to share after reading your post
I blowed some accounts having that winning rate. I agree with you. Important thing is MM.
Try don't lose pants never...
  • #429,674
  • Apr 27, 2016 5:07am Apr 27, 2016 5:07am
Why GBP USD increased again !! the data for CBI Sales is bad -13
  • #429,675
  • Apr 27, 2016 5:08am Apr 27, 2016 5:08am
Quoting tom2015
Why GBP USD increased again !! the data for CBI Sales is bad -13
Normally is for get better price to sell. But will depends of FED today
Try don't lose pants never...
  • #429,676
  • Apr 27, 2016 5:12am Apr 27, 2016 5:12am
professional traders could be pushing price to 1.4666, Feb 2nd high
Don't Leave Money on the Table
  • #429,677
  • Apr 27, 2016 5:15am Apr 27, 2016 5:15am
Quoting HaLBot
professional traders could be pushing price to 1.4666, Feb 2nd high
thank you for the compliment
  • #429,678
  • Apr 27, 2016 5:15am Apr 27, 2016 5:15am
any takers on GNZ short @/around 2.1450?
  • #429,679
  • Apr 27, 2016 5:15am Apr 27, 2016 5:15am
Quoting PatienceFx
{quote} thank you for the compliment
Don't Leave Money on the Table
  • #429,680
  • Apr 27, 2016 5:21am Apr 27, 2016 5:21am
GU long 2 std lots TP 4750. SL set 4575.
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