Emotions barriers. (When we have a system)
Hey guys, before we start trading today, take a few minutes and read this article:
VERY IMPORTANT TRADING TIPS
We trade what our strategy dictates, NOT WHAT WE THINK WILL HAPPEN NEXT.
Create Solid stop & limit levels, place them and leave computer till you develop confidence.
Your self esteem cannot be tied into your trading. You cannot feel great one day when you made money and feel really bad the next day when you lost. This is what Mrs. Ruth Barrons Roosevelth said in an article called:
Trading Without Ego: Self concept has to be strong and durable and not at the mercy of the current, last or next trade.
Do not let the market dictate or affect your personal life.
ONLY EXPERIENCED trades can fulfill your confidence.
Completely detached from anything else that is not part of the trading system you have chosen.
Do not say anything or dream about your future profits! Control yourself. Take the trade and manage it professionally, without any expectations.
You cannot get angry when trading!
Lets make some pips today...
Cable Pips
Hey Guys, I am Sell from .6324 with 15pips stop, Limit: 35-40pips
Cable Pips
I closed on H & S +30pips
New week, more pips with "Cable Pips" strategy!
Hello everyone,
Lets make more pips together this week...there is levels on G/U for today:
Pivot Point: 1.6158
1.6365 1.5950
1.6286 1.6030
1.6237 1.6078
There is some important levels: 1.6170, 1.6215, 1.6260
"Cable Pips" strategy
Guys, I think I will wait for Frankfurt opening today...or @ least 40-50 min. very choppy, I think it should retrace to .6230 area...it stops exact on 61% Fib. on 4HR chart...strong sup...
"Cable Pips" strategy
I am planning Buy Trade around .6115-20 area with 20pips stop...limit: 40pips
"Cable Pips" strategy
Trade closed: +40pips
I shorted from .6167 level...took 20pips...reason:
It was TP level on buy trend, and 9 from 10 times always will retrace from TPLs...
I WAS TYPING IN CHAT ROOM AND WAS SO QUICK TRADE, DIDN'T HAVE TIME TO POST IT...SORRY
my days is over: +60pips
"Cable Pips" strategy
Good Day, I entered in my first trade on Buy @ 1.6200 with 15pips stop and limit OPEN...I might keep this trade longer...I am planning another buy from .6170 level with 20pips stop...
"Cable Pips" strategy
I canceled my 2nd buy order...
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Hello traders,
I decided to post some of my trades. I trade on real account with this strategy. My Main pair is GBP/USD. This is what I use for confirmation:
3 set up combination:
1) 2 Sup/Res level confirm with:
2) Fib: 50%-78% any of these Fib levels &
3) MAs combination:
5 min. chart: 75SMA, 130SMA or 220SMA
6Min. chart: 300 EMA & 300TMA
15 MIN. 80EMA
+ on some bigger trades I use RSI but absolutely differently from traditional method
For today I am looking Buy from 1.6380 & 1.6350 with 15 pips stops and 40pips limit...I will update shortly if something change...