Entered with 30 lot size on gbpusd at 1.41002. Long position. tp at 1.41540 and I set a sl level at 1.40790 because I wanna fix the risk after 1.40800 level passing.

Cable Update (GBPUSD)

1.41000 and 1.41600 are the key levels for now, will see. I would prefer a bullish option but I closed my 114 pips yesterday so now I will just buy a popcorn and watch a show

Cable Update (GBPUSD)

Take a look at the levels first. Market ranging is often tied to strong key levels. Learn the basics of market patterns in order to understand what patterns exist. This is the minimum set of knowledge to see side movement or building a directional ...

how does one identify a ranging market?

I have met only a few people who know how to correctly open hedged positions and get out of them in time, making a profit. All of these examples involve the use of hedging as the main tool for limiting risk (which is part of the strategy). ...

Hedge a losing position?

An excellent breakout and prospects for a continuation of the uptrend opened after the 1.40100 level was hit effortlessly. The next victim may be the high 1.42400. image

Cable Update (GBPUSD)

Breaking the uptrend on the Euro/US dollar may lead to a deeper correction on the H4. The price is now holding at the level near the EMA200 and the correction is already reached 38.2%. I also want to notice the influence of this level earlier in ...

EURUSD only

The pound dollar looks like faced with a strong resistance at 1.3900 and the short option is still realistic as a correction during the upward trend on 4 hours chart. But I would stay long till the 1.4000 level, tested before. image

Cable Update (GBPUSD)

I understand your point and it has an optimistic direction, this is your way of not worrying about losses. I am realistic about it and I don't worry when I realize why this happened and I can fix this mistake. We all have our own set of knowledge, ...

Why Traders lose money and how to start being consistently profit

overconfidence is a broad concept. 1. can be achieved through professional growth and many years of practice, when overconfidence is based on experience and readiness for any situation. 2. can be caused by the illusion of success, and psychological ...

Why Traders lose money and how to start being consistently profit

The daily downtrend is broken and a return will be possible only after the EMA200 cross, which is also a 38.2% correction for the current 4 hour uptrend. The growth slowed down, hitting the resistance zone, which is also visible on the daily chart ...

EURUSD only

Investing in a trading experience is the time you spend on trading, practice (on lower lots, for example), and losses are the imperfection of the strategy. Nothing is perfect, and undoubtedly losses are part of the trade, but refusal to accept them ...

Why Traders lose money and how to start being consistently profit

A possible upward momentum cannot be discounted, even though the downtrend continues to disrupt the older uptrend. For those who like patterns, this can be a head and shoulders option, but I rely on the influence of the 1.3670 level, which again ...

Cable Update (GBPUSD)

false signal after confidently passed EMA200... This could be expected because the reversal level was equal to the 38.2% retracement depth. 1.98 is the resistance level, as well as the neck level for those who trade by the patterns, so it is ...

EURUSD only

I don't see any similarities with gambling in trading, for one reason: gambling and all the strategies associated with it work with probability and chance. Correct trading is based on data acquisition, data processing and trade execution. In terms ...

Are We All Gambling?

Sorry, but I don't even see the point in evaluating the performance on a daily basis. For me, a significant indicator is a monthly result, quarterly, semi-annual, then a year, two... Each of these periods has its own dynamics and it is important to ...

How Many Pips Per Day Is Successful

I also started by completely losing my balance, and after that, I recovered and rehabilitated my self-confidence. It takes time, it's different for everyone, and it's hard. In general, the human brain is working according to one principle - to find ...

8 Years Later - Still Not Winning

Yes, it is worth considering this level as a shorter-term target (as well as 1.3710 and 1.3750) and further, consider 1.3570

Cable Update (GBPUSD)

I love not just trading, I love the way I feel when trading. I am confident, have a result and feeling well. Provide someone my account for trading, probably not, invest in self development, certainly yes.

Let's be honest-do you like to trade?