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Reverso replied Aug 15, 2022Only if the 1st trade wins, if 1st trade loses, 2nd trade will be the last for the day, usually TP. Sometimes i go for 2nd even 1st one won because strong signal that don't happen often, such as bounce near long term pivot, or retrace of giant ...
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Reverso replied Aug 15, 2022Entered Short just now. Entry 1.20808, SL 1.21150, TP 1.20296. This will be the last trade for today, TP or SL, it's up to the market.
Cable Update (GBPUSD)
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Reverso replied Aug 15, 2022Yup, the news pumped GU just enough to hit my SL, then end with a M15 candle that has long up wick and big red body, the bullishness seems short lived. Wouldn't be surprised if I see a close below my lower key level again for me to re-attempt short ...
Cable Update (GBPUSD)
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Reverso replied Aug 15, 2022Woops, SL hit. Plan still be the same, go short if closed below lower key level / bounced off upper key level / bounced off daily pivot, go Long if closed above Daily pivot. Sometimes if 1st trade hit SL, if the direction initially predicted was ...
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Reverso replied Aug 15, 2022Wow really re-test as prophesized, erased all my gains after that big retrace up, now seems slowly resuming down, hope eventually reach TP, my TP is slightly lower than yours master.
Cable Update (GBPUSD)
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Reverso replied Aug 15, 2022Glad we share the same sense of humour! I can see that Bog made a phone call to JP Morgan, now my Short is 70% in TP, likely will hit I guess? TP is 1.20366.
Cable Update (GBPUSD)
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Reverso replied Aug 15, 2022Scenario 1 materialized, entered Short a moment ago. Entry 1.20819, SL 1.21120, TP 1.20366.
Cable Update (GBPUSD)
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Reverso replied Aug 15, 2022London opened, clear bearish bias, due to price below Daily pivot of 1.21572 - 1.21403, pivot placements from previous days also indicate bearishness. Potential entry (M15 chart) as below: 1. Short - if price closed below Daily lower key level of ...
Cable Update (GBPUSD)
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Reverso replied Aug 13, 2022Yup, sorry to disappoint you, i do not predict directions. I trade when my system tells me the market has aligned itself with my system to form a valid entry, even after entry I only can hope it goes my direction, i can't know for sure where it will ...
Cable Update (GBPUSD)
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Reverso replied Aug 13, 2022After London opens on next Monday, the daily pivot will be 1.21403 - 1.21572 . Currently price stayed below the pivot mentioned above, if this goes on towards next London open, bias will be Short, otherwise Long. Not much resistance upside, but ...
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Reverso replied Aug 13, 2022Looking forward to seeing you post your result next week using this currency strength method, sounds promising!
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Reverso replied Aug 12, 2022Bulls your day will come, but not now I guess. A close above 1.21381 can be potential Long, downward pressure seems to keep getting challenged. Eventually bears will fold. EDIT: Friday session only have few hours left, this trade will not be valid ...
Cable Update (GBPUSD)
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Reverso replied Aug 12, 2022Yes, everything I do, the way I am shaped, there are reasons behind it. I am very against of myself making the same mistakes many times, and I will find ways to make sure mistakes don't happen again. I think you are asking if I would exit my trade ...
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Reverso replied Aug 12, 2022This is the quantitative easing you talking about?
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Reverso replied Aug 12, 2022You see, before I stabilized, one of the scenario I encountered is the trade will hit TP anyway, but because I am in front of screen and saw it nearly hit TP, I manually exit myself for a little less TP, sometimes I exited even earlier than that, ...
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Reverso replied Aug 12, 2022The edge of my system is probability, Fischer gives some statistics how likely certain levels will hit, and where to put the Stops, the system is very objective and systematic, easy to follow, and make sense, so far my result is fantastic following ...
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Reverso replied Aug 12, 2022Hope no one actually took this trade, by the time M15 candle closes, the candle looks different and bearish, then I took a shower and look at chart again, price dipped further down, and now there is a green candle but it has long wick up, rejected ...
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Reverso replied Aug 12, 2022I searched "The hobbit", i even added the key word "forex / trading" but the result points me to the Hobbit Story instead of Forex related. Do you have more specific key word? Such as the author's name so I can pinpoint the search result?
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